The Bank of Korea sees a CBDC as a potential answer to problems with existing government-issued grant systems, such as during the COVID-19 pandemic or childcare vouchers.
Retail CBDC Could Add Unique Value, but Further Investigation Is Needed, Hong Kong Central Bank Says
A retail central bank digital currency could add unique value to the existing payments ecosystem and enable new types of economic transactions, but further investigation is needed, Hong Kong’s central bank said.
CFTC Commissioner Pitches Pilot Program for U.S. Crypto Regulation
The U.S. watchdog for derivatives markets should create a limited pilot program for regulating cryptocurrencies, said Caroline Pham, one of the members of the Commodity Futures Trading Commission (CFTC).
Australia’s CBDC Likely Some Years Away, Central Bank Says
Australia will not be making any decision on a central bank digital currency (CBDC) for some years due to several unresolved issues.
CBDCs aren’t about solving today’s problems — Australia’s CBDC lead
Dilip Rao, a former Ripple executive who’s now leading Australia’s CBDC pilot has been examining 14 possible use cases of central bank digital currencies.
AIs and fries: Wendy’s to trial chatbot drive-thru operator
Wendy’s says its “FreshAI” bot reduces costs allowing funds to be focused elsewhere, others worry that eventually, those less skilled will be jobless.
India and UAE To Collaborate on CBDC Development
India and the United Arab Emirates (UAE) will collaborate on central bank digital currencies (CBDCs) by jointly conducting at least one pilot.
Australia’s Central Bank Taps Mastercard and Others to Test CBDC Use Cases
The Reserve Bank of Australia has revealed a set of projects that will develop use cases for a digital dollar, the eAUD, during its testing phase, currently underway.
Australian CBDC receives unexpected interest but could hurt banks: RBA
The pilot “eAUD” program is unique in that the Reserve Bank of Australia has not proposed use cases, and has received numerous suggestions from the industry.
JP Morgan executes first DeFi trade on public blockchain
The MAS Chief Fintech Officer said the successful test was “a big step towards enabling more efficient and integrated global financial networks.”
BMO, Pension Plan Pilot Blockchain for Fixed Income Issuance
Canadian financial firm BMO Capital Markets is working with the Ontario Teachers’ Pension Plan on a new blockchain pilot.
Mexico Tests Blockchain to Track Public Contract Bids
A Mexican government announced a blockchain-based project intended to reduce corruption in bidding for government contracts.
Report: Russia’s Gazprombank to Test Cryptocurrency Service
Russia’s state-owned Gazprombank is reportedly looking into facilitating cryptocurrency transactions through a Swiss subsidiary.