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Banque de France has successfully conducted its own central bank digitalcurrency (CBDC) trial, with a blockchain platform for interbanksettlement, CoinDesk reported. A statement from the bank said the pilot involved a settlement on a private blockchain, which U.K. million), per CoinDesk.
The Banque de France is seeking applications “to experiment with a central bank digitalcurrency for interbanksettlements,” according to an announcement from the French central bank. ” The submission deadline for digital applications is May 15.
Looking to harness this potential, the Hong Kong Monetary Authority (HKMA) launched ‘Project Ensemble’ in March earlier this year, a wholesale central bank digitalcurrency (wCBDC) project, to support the development of the tokenisation market in the region.
In today’s top news in digital-first banking, Banque de France has completed its central bank digitalcurrency (CBDC) test, while roughly 60,000 loans were distributed during the first week of the reopened Paycheck Protection Program (PPP). Banque De France Has Finished CBDC Trial.
The Hong Kong Monetary Authority (HKMA) has begun ‘Project Ensemble’, a new wholesale central bank digitalcurrency (wCBDC) project, to support the development of the tokenisation market in Hong Kong.
Efforts were also made to advance digital assets, tokenization and central bank digitalcurrency (CBDC) experimentation with initiatives such as Project Guardian and Project Orchid expanding to include more use cases and moving towards “live” pilots.
While jurisdictions like Japan, Singapore, and Hong Kong are actively developing regulations, others like China and India are taking a restrictive stance, favoring central bank digitalcurrencies (CBDCs) over private stablecoins. In tandem, India is advancing its own CBDC initiative. million (US$2.8
lags behind its peers when it comes to central bank digitalcurrencies (CBDCs), and learn about U.S. Swiss digital asset bank Sygnum scores new funding Has crypto winter yielded to the year’s first crypto unicorn? .” and other developed nations when it comes to CBDCs. ” Report: U.S.
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