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Sweden’s Central Bank Floats E-Krona As Digital Currency

PYMNTS

Sweden’s Riksbank is assessing e-krona, a new form of digital currency that hopes to take the country a step closer to the creation of the world’s first central bank digital currency (CBDC), according to reports on Thursday (Feb. More than 50 percent of banks in Sweden don’t have physical cash in their vaults.

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Bitcoin Daily: Banque de France Seeks CBDC Experiment Applications; Bitget Looks To Grow In The US

PYMNTS

The Banque de France is seeking applications “to experiment with a central bank digital currency for interbank settlements,” according to an announcement from the French central bank. ” The submission deadline for digital applications is May 15. Indeed, any decision to create a CBDC is a matter for the Eurosystem.”

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Back to the Future with Global Payments Trends

Finovate

While this revenue figure has grown 7% each year since 2018, McKinsey estimates the growth will slow to 5% per year for the next five years. ” This figure was quite surprising, as I haven’t looked into CBDC projects since 2021, when only 43 countries were exploring the use of a CBDC. trillion transactions worth $1.8

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Is 2025 Finally the Year for Open Finance in Southeast Asia?

Fintech News

Additionally, central bank digital currencies (CBDCs) are now a key trend, with initiatives such as Project Orchid in Singapore, the Digital Rupiah in Indonesia, and a retail CBDC project being piloted in Thailand. Another driver of open finance in Southeast Asia is the emergence of innovative business models.

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Bitcoin Daily: UK Researching CBDC Use Cases; Lebanon To Introduce CBDC In 2021; SEC Member Pushes For Cryptocurrency Regulation; ShapeShift Delists Three Privacy Coins

PYMNTS

Treasury Department is researching use cases for a central bank digital currency (CBDC), as well as drafting regulatory proposals for private stablecoins, U.K. Meanwhile, Lebanon Governor Riad Salameh announced that the country will be introducing a CBDC next year, to “restore confidence,” reported Bloomberg.

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Bitcoin Daily: Mauritius To Test Digital Currency; JPMorgan Adds 2 Crypto Exchanges As Bank Clients

PYMNTS

The Bank of Mauritius is progressing toward providing a central bank digital currency (CBDC) per its governor, CoinDesk reported. Seegolam noted that any digital currency would need to be distributed via the current banking system to steer clear of the risk of putting the island’s financial system in an uneven position.

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Private/Public Partnerships A Boon For Central Bank Digital Currencies?

PYMNTS

The movement toward digital currencies may be a bit of an arms race of sorts, for now. As noted in this space last week, about 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) are working on central bank digital currencies (CBDC).