article thumbnail

MAS to Explore Wholesale CBDC for Settlement Among Series of Tokenisation Plans

Fintech News

GL1 will define control principles, develop specifications, and ensure “compliance by design” to align governance and risk management practices. Access to a common settlement facility is also being facilitated through the SGD Testnet, featuring S$ wholesale central bank digital currency (CBDC) for market testing.

CBDC 119
article thumbnail

Banque De France Has Finished CBDC Trial

PYMNTS

Banque de France has successfully conducted its own central bank digital currency (CBDC) trial, with a blockchain platform for interbank settlement, CoinDesk reported. In 2020, the bank put out a request for applications for a CBDC experiment. startup SETL provided, of around 2 million euros (about $2.4 million), per CoinDesk.

CBDC 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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.

CBDC 88
article thumbnail

How OpenWay’s Way4 Enabled the First CBDC Card Transaction in Eurasia

Fintech News

Central bank digital currencies (CBDCs) have largely existed in the virtual realm, with transactions initiated primarily through web and mobile interfaces. However, a significant shift has occurred with the launch of Eurasia’s first CBDC cards in Kazakhstan, providing 20 million consumers with a new, tangible way to manage CBDC funds.

CBDC 131
article thumbnail

Offline settlements with a digital pound: Lessons from the BoE’s report

The Payments Association

It highlights major trade-offs in security, privacy, and policy that must be addressed before offline CBDC payments can scale. Policymakers must resolve governance questions while the industry prepares for potential integration and standard-setting. Why is it important? What’s next?

article thumbnail

Australia Central Bank Unveils 3-Year Digital Money Plan

Fintech News

Australia has unveiled a three-year initiative to explore the potential of central bank digital currencies (CBDCs) with a focus on wholesale CBDC opportunities, industry outreach and regulatory improvements, Brad Jones, Assistant Governor (Financial System) at the Reserve Bank of Australia (RBA), told the audience at an industry event in September.

article thumbnail

EU Bankers Weigh Risks, Rewards of CBDC – and Cash’s Staying Power

PYMNTS

To that end, Bloomberg reported at least some financial regulators from the European Union say there need to be strict controls governing central bank digital currencies in place — and Libra (among other private efforts) may present a threat to financial stability. Central bank digital coins on the Continent – but plenty of room for cash.

CBDC 91