“I haven’t been convinced of that yet. It’s not saying that I can’t be, but I haven’t seen that on a retail CBDC,” said Waller.
CBDC or central bank digital currency is a digital version of a country’s fiat currency, issued by the central bank of the country.
Competition in the CBDC space has started intensifying across the world. In 2020, Bahamas launched the first CBDC, the Sand Dollar. Sand Dollar is now a national digital currency for the region, holding the same value as the Bahamian dollar. Amongst large countries, China has been working towards a digital yuan since 2014. The People’s Bank of China is conducting one of the most advanced CBDC trial in the world.
The proposed CBDC consultation will analyze the merits of further work to develop an operational and technology model for a UK CBDC.
The Royal Monetary Authority of Bhutan selects Ripple’s CBDC Private Ledger to pilot a central bank digital currency (CBDC) in phases.
The BOK began the CBDC pilot program July 28, together with Ground X, the company that founded Klaytn.
Central Bank of Nigeria has planned to launch its CBDC (central bank digital currency) pilot on October1, 2021.
The Reserve Bank Of India (RBI), is planning to launch a central bank digital currency (CBDC) to “reduce the use of cash and protect citizens from the volatility of cryptocurrencies.”
European Central Bank is probably pushing for the eurozone CBDC due to growing demand for cryptocurrency globally. ECB has not set any timeline to launch the digital euro.
New Zealand, July 8, 2021 /AlexaBlockchain/ – The Reserve Bank Of New Zealand, Te Pūtea Matua, has announced that it will do extensive public consultations on how the New…
Contrary to DLT-based settlement, this newly unveiled solution does not require assets and money to be tokenised.
China proposes global rules for central bank digital currenciesFrance, March 25, 2021 /AlexaBlockchain/ – China leads the way on global standards for central bank digital currencies by proposing a…