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Bank of Canada Puts CBDC Development on Ice: Is This Indicative of Global CBDC Demise?

The Fintech Times

While 134 countries and currency unions, representing 98 per cent of global GDP, are currently exploring a central bank digital currency (CBDC), the Bank of Canada has revealed it is officially putting efforts to introduce a digital version of the Canadian dollar on pause. Could a CBDC still be in Canada’s future?

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Brazil preps new round of CBDC pilots

Finextra

Google, Visa and Nubank are among the big names selected to take part on the second round pilots for Brazil's Drex CBDC project.

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RAKBANK Completes International CBDC Transaction Using eCNY and Digital Dirham

The Fintech Times

RAKBANK has successfully exchanged a remittance using China’s digital Yuan (eCNY) in exchange for the Digital Dirham, the UAE’s CBDC. “This is a gamechanger that paves the way for instant blockchain based CBDC exchanges with payment versus payment, fundamentally altering how we approach international payments.

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Bank of Thailand Concludes Retail CBDC Pilot Programme, Reveals Key Findings

Fintech News

Thailand, under the guidance of the Bank of Thailand (BOT) , has been at the forefront of this movement, continuously studying and testing the feasibility of a Retail CBDC since 2018. The project evolved, incorporating enhanced functionalities, cross-border fund transfers, and a Corporate CBDC Pilot Program.

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Ghana pilots blockchain-based credentials and CBDC for global trade

Finextra

The Bank of Ghana (BoG) has completed a proof-of-concept into the use of digital credentials for international trade and CBDC-based cross-border payments.

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Bank-backed DLT-based CBDC platform Project MBridge reaches MVP stage

Finextra

The Bank for International Settlements says it multi-central bank CBDC platform, Project mBrige, is ready to accept value added products and new use cases as it reaches minimum viable product stage (MVP).

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Australia gives priority to wholesale CBDC over retail

Finextra

The Reserve Bank of Australia is to prioritise the issuance of a wholesale central bank digital currency over a retail CBDC, arguing that a clear business case for the latter has yet to emerge.

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