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The Bank of Thailand is moving forward with developing a Central Bank Digital Currency (CBDC). The initiative labeled Project Inthanon, has developed a prototype CBDC in partnership with R3 and Wipro (NYSE: WIT). The Bank of Thailand is also working with eight commercial banks in
The Central Bank of Canada and Monetary Authority of Singapore (MAS) have jointly announced the successful 'experiment' of cross border payments using blockchain or distributed ledger technology (DLT). The two central banks claim this is the first test anywhere of its kind stating it has
Sayuri Shirai surveys the many forces driving increased interest in CBDC
Sarah John, Chief Cashier at the Bank of England told Currency Conference 2019 attendees in Dubai this week that use of cash is declining in the UK but that bank notes are not yet passé. John cited statistics showing that cash use dropped from 61%
Earlier this week, the World Economic Forum (WEF) published an interesting report covering the usage and investigation of Central Bank Digital Currency (CBDC). It has been widely reported that many central banks have been kicking the tires of CBDC with some making proclamations regarding the
Finance minister pledges central bank-issued digital currency by 2025
The General Manager for the Bank for International Settlements (BIS), Augustin Carstens, told an audience in Dublin last Friday that central banks should not get into the business of issuing a central bank digital currencies or 'CBDCs' to the public, mainly because tokens/'blockchains' do not
Two-tier banking system could be turned on its head by CBDC, says BIS chief
Governor John Rolle outlines some near-term payment system reforms
Anonymity of cash poses risks for the financial system, some central bankers say
The MAS aims to expand Project Ubin into instant 24/7 cross-border platform, says Menon
Governor Antoine says pilot is not “academic exercise”
Central bankers need to take a view on the ongoing disruption to monetary systems, argues Adam Csabay