CBDCs
France Tests CBDC Flows With Singapore Using Automated Liquidity Pool
Running on JPMorgan’s Onyx blockchain, it was the first cross-border CBDC transaction to use automated-market-making smart contracts.
Jamaica’s Central Bank to Start CBDC Pilot With Financial Institutions in August
The bank plans to expand the trial between September and December.
Reserve Bank of New Zealand to Consult on Potential CBDC
One central bank official says the future "will undoubtedly involve less cash."
Bank of France Carries Out Fifth CBDC Experiment With BNP Paribas, Euroclear
“This experiment made it possible to test the integration of issuance and settlement activities, including exchanges on the secondary market,” said the Bank of France.
Japan's CBDC to Get a Clearer Picture by 2022, Says Government Official: Report
The official also said more details on the CBDC's design may kick up a debate on how its issuance could impact financial institutions.
Ohio Congressman: Bitcoin Poses No Threat to US Dollar
Rep. Warren Davidson, Ohio Congressman and House Financial Technology Task Force Ranking Member, discusses the contentious crypto conversations in Congress: Bill Foster proposing cryptographic backdoors to reverse crypto transactions. "Foster's clearly on one side, and I'm on the other," Davidson said. He also explains how closely lawmakers are focusing on the role of stablecoins on exchanges, suggesting tether (USDT) should be regulated as a security measure. Plus, reactions on the rise of central bank digital currencies (CBDCs) around the world.
Ukraine Puts CBDC On Par With Cash in New Payments Law
The Ukrainian legislation now lists the future central bank digital currency as a kind of money similar to cash or bank accounts.
Russia and China Moving Their CBDC Projects Forward
Central bank digital currency (CBDC) initiatives around the world are ramping up. The Bank of Russia has reportedly named 12 banks to develop a prototype of the digital ruble by December. Meanwhile, the CBDC trials have reached Beijing’s subways as passengers can now use the digital yuan to pay their fares.
China's CBDC Trials Reach Beijing Subway
Passengers with Industrial and Commercial Bank of China's mobile app can use the digital yuan to pay their fares.
Bank of Russia Picks Banks to Pilot Digital Ruble
The regulator expects the prototype of the CBDC in December and piloting it in 2022.
