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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. Addressing interoperability, scalability, and security challenges, Indonesia sets a global example for nations exploring similar initiatives.

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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.”

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

The Payments Association

This misconception has shaped many CBDC proposals, which tend to replicate traditional account-based structures under the control of central authorities or delegated intermediaries. Beyond technical proof points, these initiatives underscore the need for global interoperability. On the consumer side, privacy concerns loom large.

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Key considerations for the adoption of digital currencies

Finextra

They will need to co-exist with existing clearing and settlement processes and infrastructures, and this means interoperability is crucial. The Bank of England is also considering wholesale central bank digital currency solutions, which would allow for the exchange of tokenised assets and tokenised central bank money via DLT.

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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. Lastly, robust cybersecurity measures are crucial to safeguard the integrity of DLT-based platforms.

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How Banks Are Teaming Up To Bring Blockchain To Trade Finance

CB Insights

HSBC, Standard Chartered, and others belong to a range of consortia that have had successful pilots using distributed ledger technologies (DLT) to process live trade finance transactions. Benefits of distributed ledger technologies (DLT) . Live briefing: Consumer Banks in The Digital Age.

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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). This allows it to serve as a testbed for additional technology solutions and interoperability with other platforms.