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In recent months, four countries that had previously initiated major CBDC pilot programs have scrapped their adoption plans altogether.
A SWIFT-style system for bank-issued and regulated digital currencies was launched by a firm involved in building China’s national blockchain project.
ECB board member Fabio Panetta affirms the ECB’s digital euro privacy policy and says the digital currency will never be programmable, but it may have an app.
At this point, the test network for the Norwegian CBDC uses not the public Ethereum ecosystem, but a private version of the enterprise blockchain Hyperledger Besu.
China’s central bank digital currency (CBDC) has seen new use cases in recent days, including buying securities and making offline payments.
The central bank governor highlighted that the South African Reserve Bank would rather follow than become a first mover in retail CBDCs.
The foundation set up by “Crypto Dad” Christopher Giancarlo released a new version of its CBDC white paper with new warnings about maintaining U.S. leadership.
Self-custody is currently “impossible for state-issued currency in the digital realm”
To use the tokens, users will need to verify their identity through phone and video identification, and load their wallet with real euros.
BoE governor Andrew Bailey highlighted that the UK already has a wholesale settlement system with a major upgrade.
The Bank of Tanzania is waiting for the conclusion of its research into CBDCs before making a final decision on adoption.
The Eurogroup confirmed its support for digital euro research and noted that some of the design and use elements under consideration would require political decision making.