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CBDCs in practice: What we’ve learned from the early movers

The Payments Association

James Hurren explores what early CBDC deployments across Asia, the Caribbean, and Europe reveal about usage, adoption, and the future of cross-border digital money. Central bank digital currencies (CBDCs) have rapidly evolved from theoretical concepts into live pilots and national deployments.

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Digital Rupiah Inches Closer with Successful Completion of PoC

Fintech News

Marking a pivotal point, Indonesias efforts underscore its drive to harness digital technologies for modernising payment systems while safeguarding financial stability and promoting inclusivity. Indonesias successful completion of the Digital Rupiah PoC highlights its vision and capacity to navigate the complexities of CBDC development.

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Bitcoin Daily: Caymans Introduce Digital Asset Regulatory Framework; Reserve Bank Of Australia To Test CBDC; Huobi Expands Support For Visa And Mastercard

PYMNTS

VASPs currently working in, and hoping to work in, the Caymans must register with the Cayman Islands Monetary Authority (CIMA), the release stated. Their research will begin with a proof-of-concept for a CBDC operated on distributed ledger technology (DLT) to test the proposed coins’ use cases in payment settlements, the release stated.

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Examining Thailand’s Fintech Landscape

The Fintech Times

The central bank is also involved in the Inthanon Project , a joint initiative with the Hong Kong Monetary Authority in which it works alongside eight commercial banks to explore the potential of Distributed Ledger Technology (DLT) in developing a wholesale CBDC.

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Is ‘Embedded Regulation’ The Key To Stablecoins’ Success?

PYMNTS

24) from the BIS monetary and economic department titled “ Stablecoins: Risks, Potential and Regulation ,” the authors contended that stablecoins — including but not limited to Facebook’s Libra — pose a range of challenges to financial authorities around the world. The Value Of CBDC . In a paper that debuted Tuesday (Nov.

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Project mBridge Reaches MVP Stage, Expands International Participation

The Fintech Times

This project aims to create a multi-central bank digital currency (CBDC) platform for instant cross-border payments and settlements, leveraging distributed ledger technology (DLT). The platform now invites further international participation and private sector proposals for value-added solutions.

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Joint Statement: EU-UK Financial Regulatory Forum, May 2024

Neopay

Both sides also shared insights from their work on tokenisation and exchanged some reflections from their respective work on the UK’s Digital Securities Sandbox and the EU’s Distributed Ledger Technology (DLT) Pilot Regime.