Remove Authorization Remove Central Bank Remove Distributed Ledger Technology (DLT)
article thumbnail

German Central Bank Joins MAS-Led Project Guardian

Fintech News

The Deutsche Bundesbank has become a member of Project Guardian , a global initiative led by the Monetary Authority of Singapore (MAS) that explores the use of asset tokenisation in financial markets. The Bundesbank is very pleased to be cooperating with a partner that is as competent as MAS.”

article thumbnail

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

The Payments Association

Central bank digital currencies (CBDCs) have rapidly evolved from theoretical concepts into live pilots and national deployments. From Asia to the Caribbean and Europe, central banks are grappling with how to digitise public money while preserving trust, utility, and sovereignty.

CBDC 88
article thumbnail

Digital Rupiah Inches Closer with Successful Completion of PoC

Fintech News

Indonesia has reached a significant milestone in its journey toward exploring the potential of Central Bank Digital Currencies (CBDCs) with the completion of the Proof of Concept (PoC) for the wholesale Digital Rupiah under the auspices of Bank Indonesias Project Garuda. Each platform exhibited distinct strengths.

article thumbnail

Key considerations for the adoption of digital currencies

Finextra

Central banks across 66 countries are now in the advanced phases of exploring Central Bank Digital Currencies (CBDCs), with 44 pilots including the digital euro already underway. Digital currencies can be issued by central banks (aka. CBDCs), commercial banks (aka. stablecoins).

article thumbnail

Eurosystem Completes First of Many Experiments To Test DLT Central Bank Money Settlements

The Fintech Times

Eurosystem , the monetary authority of the eurozone, has been exploring the possible use cases of distributed ledger technology (DLT) to conduct wholesale settlement in central bank money. Initially, 16 private companies will conduct trials involving actual settlement in central bank money.

article thumbnail

Examining Thailand’s Fintech Landscape

The Fintech Times

In 2019, the Bank of Thailand launched a regulatory sandbox initiative. 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.

FinTech 116
article thumbnail

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. In a paper that debuted Tuesday (Nov. The Value Of CBDC .