central bank digital currency
JPMorgan: CBDCs Can Save Firms $100B a Year in Cross-Border Costs
A new report by consulting firm Oliver Wyman and JPMorgan says a central bank digital currency (CBDC) network could save global corporations over $100 billion per year in transaction costs for cross-border payments. “The Hash” panel digs into the key takeaways and what they suggest about the potential benefits of CBDCs from a banking perspective.
Bank of England to Intervene on Digital Currency ‘Programming’
“The Hash” panel discusses the specifics, reactions, and implications for the Bank of England reportedly telling its ministers to decide whether a central bank digital currency (CBDC) should be “programmable,” allowing the issuer to control the way the recipient spends it.
China to Build Global Clearing Network for Mobile Payments Using Digital Yuan
According to the People's Daily, China aims to build an international clearing and settlement network for mobile payments using the digital yuan, saying renminbi (RMB) internationalization is inevitable. Meanwhile, the central government is tightening its grip on control as it's now issuing guidance for time spent on video games. "The Hash" hosts discuss the latest on China's central bank digital currency (CBDC) pilot, its implications for global finance, and if China's political model impedes innovation.
Samsung Plans to Participate in South Korea’s CBDC Pilot
Samsung Electronics will reportedly take part in the Bank of Korea (BOK)'s central bank digital currency (CBDC) pilot with a focus on remittances. The electronics giant plans to test the functionality of the pilot with its Galaxy smartphone and look at whether transactions can be completed without internet availability. "The Hash" squad discusses the implications for tech innovation in the crypto space in South Korea, which was once hailed as the next global blockchain hub.
Atlantic Council: 81+ Countries Exploring CBDCs, US ‘Furthest Behind’
The Atlantic Council has launched a central bank digital currency (CBDC) tracker, database, and interactive toolkit. The number of countries exploring CBDCs has more than doubled to 81 over the past year. The American think tank cautions the U.S. is “furthest behind” on CBDC development.
Гана може випустити цифрову валюту «NEAR часом», — каже глава центрального банку
Гана приєднується до країн, які планують запустити цифрову валюту центрального банку, і вже веде переговори щодо пілотного проекту.
Центральний банк Пакистану планує запустити цифрову валюту до 2025 року
Як повідомляється, Державний банк Пакистану, центральний банк країни, розглядає можливість запуску цифрової валюти в рамках модернізації.
Центральний банк Східних Карибів тестуватиме законний платіжний засіб блокчейну
ECCB збирається провести пілотний тест цифрової валюти центрального банку на основі блокчейну в рамках підготовки до запланованого повного впровадження.
