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Bank of Korea and financial regulators plan to involve 100,000 citizens in a real-world CBDC pilot in Q4
Participants will be restricted to using the CBDC only for payment, without an option to store, exchange or send it to other users.
Milei won over 55% of the votes with 99% of the votes counted in the run-off presidential election.
The CBDC-like bakong provides digital payment services in riel and the U.S. dollar. It has been steadily extending its regional scope.
Wallis clarifies that financial inclusion aims to extend financial services to individuals worldwide, especially those with low incomes and no ties to financial institutions.
The Monetary Authority of Singapore has unveiled its plan to launch a live wholesale CBDC used for settlements by local banks.
More data and methodologies needed to understand impact of all new means of payments
Digital tenge also designed to ensure “targeted and efficient government spending”
EU lawmakers are anticipating the arrival of the digital euro, though German politician Joana Cotar is pushing back against the currency and fighting in favor of Bitcoin.
Central bank chief Ravi Menon backs CBDCs, stablecoins and tokenised bank liabilities as digital money
The chairman of the National Payment Corporation has made the first transaction with the central bank digital currency.
International Monetary Fund managing director Kristalina Georgieva urged the public sector to “keep preparing to deploy” central bank digital currencies.
U.S. Treasury Secretary Janet Yellen said she is looking forward to hearing from the finance ministers of some of the world’s most crypto-forward countries.
BIS Americas chief thinks digital currencies could co-exist with other rapid payment systems
Timothy Antoine says central bank digital currency could help ‘bridge the financial inclusion gap’