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Originally specialized in currency and securities printing, Giesecke+Devrient has been increasingly working with central banks like the Bank of Thailand in piloting CBDCs.
Central bank kicks off pilot exercise with limited issuance of currency to banks and payments firms
The Bank of Jamaica plans to issue a total of $1.5 million of CBDC to institutions and authorized payment service providers as part of a pilot ending this December.
Not all digital assets would be treated as sternly as cryptocurrencies and not all of them will become the future of money.
The Central Bank of Venezuela officially announced to launch central bank digital currency (CBDC) in October this year.
Launched in late 2020, Cambodia’s digital money project Bakong reached 200,000 users in June, doubling from three months earlier.
The Central Bank of Venezuela is rolling out a CBDC in October and will launch an SMS-based exchange system to facilitate its use.
Existing and planned payments system upgrades appear sufficient, governor says
Speech (via webcast) by Mr Christopher J Waller, Member of the Board of Governors of the Federal Reserve System, at the American Enterprise Institute, Washington, D.C., 5 August 2021.
Dave Birch breaks down the forces that are pushing central banks towards CBDC
Chris Waller’s comments come after Jerome Powell said that the Federal Reserve would be issuing a discussion paper on CBDCs.
Blockchain data platform Chainalysis published a report Wednesday, indicating China remains one of the largest cryptocurrency markets worldwide and continues to influence crypto activities worldwid
Mastercard is angling to become the go-to for governments and private entities when testing and rolling out central bank digital currencies or stablecoins.
The bill also calls for the U.S. Federal Reserve to be vested with the clear authority to issue a digital dollar.
The IMF is set to play a crucial role in monitoring the advancement of digital currencies.