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RBA says it will look into different use cases of digital currency
The pilot project will last a year, and the details for potential participants will be published in the next few months.
Institutions are testing ways of allowing digital payments without the internet
The Reserve Bank of Australia (RBA) has launched a year-long trial to explore a central bank digital currency's (CBDC) business models and innovative use cases.
BoT says it does not have plans to issue a retail CBDC yet
Senior official dismisses media reports on cancellation of CBDC plans
The Central Bank of Thailand also known as the Bank of Thailand (BOT) plans to begin a pilot study of Retail central bank digital currency (CBDC)
The Retail CBDC will be tested in a limited retail environment with 10,000 participants and three major banks.
“Holy grail” of secure, instant universal payments could be a reality in next 10 years, authors say
The U.K.’s Crypto and Digital Assets All Party Parliamentary Group (APPG) announced it will launch an inquiry into the crypto and digital asset industry.
The unnamed recipient of the loan said the e-CNY transaction was fast and efficient; they received an equivalent of 500,000 CNY, which was $74,020 at the time of publication.
ECB’s interest in identifying the best cross-border payment solution stems from the fact that it serves as the central bank of the 19 European Union countries which have adopted the euro.
While cash is associated with more anonymity, it’s still less mobile and easy to use in large amounts than a digital currency, China’s CBDC project lead Mu Changchun said.