Pakistan Forms New Regulations To Support 2025 CBDC Launch
Pakistan’s SBP bank will issue licenses to EMIs for CBDC issuance
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Latest firstRBI to launch the first pilot of retail digital rupee
CBDC, will be available to retail users starting on December 1, stated the Reserve Bank of India
US Banks partner with Federal Reserve to launch a digital dollar pilot project
Citigroup, HSBC, BNY Mellon and, Wells Fargo, Mastercard are participating in the project.
Chinese govt announces metaverse in VR research plan
The Chinese government has introduced a strategy to incorporate VR and AR into the everyday routines of the Chinese citizens
Reserve Bank of India to launch CBDC pilot in November
The CBDC pilot's use case will be to settle secondary market transactions in government securities.
The Turkish Central Bank intends to launch CBDC in 2023
The topic of a central bank digital currency is covered in Turkey's presidential annual programme for 2023,
Colombia Intends to Introduce a CBDC as Quickly as Feasible
Key Takeaways: The head of Colombia’s tax agency suggested that the country’s central bank might launch a digital currency. Colombian tax evasion, which is thought to account for up to 8% of GDP, could be reduced using a national digital…
Bank of Jamaica To Rollout Digital Currency (JAM-DEX) by June End
Key Takeaways The Bank of Jamaica Governor Richard Byles said that the bank is at a point where they are ready to “proceed with JAM-DEX’. Jam-Dex has been in a pilot testing phase since August 2021 and was made legal…
Draft Bill for a CBDC to be Legal Tender in Mexico
Key Takeaways: In a recent interview, Indira Kempis, a Senator of Mexico, discussed her plans for a Cryptocurrency as Legal Tender. She further quoted the necessity for a bill that revises Article 22 of Mexico’s Monetary Law. In a bold…
BIS Joint Venture Allows Institutions to use CBDCs for International Settlements
BIS joint venture will allow Institutions to use CBDCs for International Settlements. Project Dunbar, led by the Innovation Hub’s Singapore Centre, demonstrated that financial institutions could use CBDCs issued by participating central banks to transact directly with one another on…
