Australia’s central bank seeks feedback on wholesale CBDC, tokenized markets

The Reserve Bank of Australia has launched a consultation on Project Acacia, exploring wholesale central bank digital currency and tokenized asset markets. Australia‘s central bank, the Reserve Bank of Australia, alongside the Digital Finance Cooperative Research Centr is seeking public…

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BoE exec warns of stability risks from shift to private settlement assets

Bank of England warns that failure to modernize central bank money could shift wholesale settlements to private assets, potentially risking financial stability. A Bank of England executive warns that failing to adapt central bank money to emerging technologies could push…

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Australia sees greater benefits in wholesale CBDC, limits retail interest

Australia’s central bank has announced a shift toward wholesale CBDC development, citing greater economic benefits and fewer challenges compared to a retail version. The Reserve Bank of Australia seems to be prioritizing wholesale CBDC development over retail, citing greater economic…

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Australia’s central bank launches 3-year program for wholesale CBDC

RBA Assistant Governor Brad Jones said the potential benefits of a retail CBDC in Australia appear modest or uncertain at present.

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Bank of England rolls out consultation paper for wholesale CBDC

The Bank of England plans a series of experiments with distributed ledger technology and wholesale CBDCs to assess their impact on the evolving payments landscape. The Bank of England aims to address rapid advancements in money and payment technologies with…

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Swiss central bank extends CBDC pilot until 2026

The Swiss National Bank moves forward with its digital franc pilot, extending it by at least two more years. The Swiss National Bank (SNB) has decided to extend its pilot program for issuing a wholesale central bank digital currency (CBDC)…

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BIS reveals almost every major central bank is interested in wholesale CBDCs

The Bank for International Settlements (BIS) said its recent survey of central banks revealed that 94% of them globally are now engaged in exploring central bank digital currencies (CBDCs) — reflecting a sharp increase in experiments and pilots, especially with wholesale CBDCs.

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Swiss National Bank Prefers Tokenized Assets Over CBDCs

At a recent event, SNB Chairman Thomas Jordan outlined the exploration of tokenizing financial assets and alternatives to their current wholesale CBDC, showcasing Project Helvetia III's initiatives.

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Swiss central bank believes retail CBDCs could destabilize financial system

Swiss National Bank (SNB) Chairman Thomas Jordan said the central bank “sees no need” to issue a central bank digital currency (CBDC) for public use despite the benefits of a wholesale version.

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Hong Kong to pilot wholesale CBDC sandbox for tokenized deposits

The Hong Kong regulator announced the creation of a sandbox for wholesale central bank digital currency.

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Hong Kong’s Central Bank Announces New Wholesale CBDC Project to Support Tokenization Market

Project Ensemble will "seek to explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of tokenised money," HKMA said.

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Philippines Rules Out Blockchain for Wholesale CBDC Seen Likely by 2026: Report

The country's central bank does not plan on issuing a retail version of the digital currency.

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Swiss banks issue first digital bonds using real CHF wholesale wCBDC on regulated DLT platform

Swiss banks, Cantons of Basel-City, and Zurich have successfully issued digital bonds using real CHF wholesale central bank digital currency (wCBDC) on SIX Digital Exchange (SDX). This marks the first-ever issuance of this kind, leveraging the Swiss National Bank’s (SNB) wCBDC.

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Singapore central bank to trial live wholesale CBDC for settlements

The Monetary Authority of Singapore has unveiled its plan to launch a live wholesale CBDC used for settlements by local banks.

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Singapore’s Central Bank to pilot live CBDC for interbank settlements

The Monetary Authority of Singapore (MAS) is set to launch a live pilot of a CBDC for wholesale interbank settlements, marking a significant step in the integration of digital currencies into mainstream banking operations.

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Singapore’s MAS reveals plan to issue ‘live’ CBDC for wholesale settlement

The Monetary Authority of Singapore (MAS) is planning a pilot program where it would issue a “live” central bank digital currency (CBDC) for wholesale interbank settlement next year, according to a Nov.

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Singapore Central Bank to Start 'Live' Wholesale CBDC Trials

The trials are part of a broader initiative to test digital money, including tokenization of banking assets.

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Swiss National Bank to Work With SIX Digital Exchange, 6 Banks on Wholesale CBDC Pilot

The Helvetia Phase III pilot will create a tokenized version of the franc as a settlement instrument between financial institutions for digital assets on the exchange.

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ECB launches survey towards CBDC development 

The Eurosystem has published a survey on its plans for trials and experiments on new technologies for wholesale central bank money settlement.  The survey aims to gather feedback from market participants and stakeholders on the potential benefits, challenges, and use…

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Australia hails CBDCs as the 'future of money,' more inside

Australia intends to collaborate with other institutions to create a CBDC program for wholesale usage. Brad Jones, assistant governor at the Reserve Bank of Australia, made these remarks in a rThe post Australia hails CBDCs as the 'future of money,' more inside appeared first on AMBCrypto.

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South Korea to pilot wholesale CBDC with commercial banks

The Bank of Korea (BOK) is partnering with the FSC and FSS to explore CBDC implementation

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EU Plans for Wholesale CBDC Out Within Weeks, French Central Banker Says

A central bank digital currency usable by financial markets is moving faster than a more controversial plan targeting regular citizens

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Central Banks Successfully Test Cross Border Trading of Wholesale CBDC Using DeFi

The Bank for International Settlements alongside the central banks of France, Singapore and Switzerland tested out using wholesale CBDC to conduct cross border trading.

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Banque de France releases wCBDC experiment findings

Bank de France has unveiled the outcomes of its wholesale central bank digital currency (wCBDC) trial

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Wholesale CBDC Would Improve Cross-Border Payments, French Central Bank Tests Show

The French Central Bank has determined that its wholesale central bank digital currency (wCBDC) would improve cross-border payments, it announced on Friday.

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Bank of International Settlements predicts 15 retail and nine wholesale CBDCs by 2030

The Bank of International Settlements (BIS) predicted that there will be 15 retail and nine wholesale Central Bank Digital Currencies (CBDCs) by 2030, according to its survey of 86 central banks. Central Banks increasingly pro-CBDC According to the report, 93% of central banks are researching CBDCs, and more than 50% have started making substantial efforts […] The post Bank of International Settlements predicts 15 retail and nine wholesale CBDCs by 2030 appeared first on CryptoSlate.

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Bullish for XRP: Economist Highlights Use Case for Cross Border Bridges for Wholesale CBDC

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ECB to Start Wholesale CBDC Settlement Trials in 2024

The central bank wants to see innovative interventions in financial markets – but under existing rules.

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Swiss National Bank to Launch a Wholesale CBDC

The Swiss National Bank (SNB) has rolled out plans to launch a pilot for a wholesale CBDC. Here is the culmination of plans that the bank has been considering since 2020. The post Swiss National Bank to Launch a Wholesale CBDC appeared first on BeInCrypto.

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Swiss central bank announces plans for wholesale CBDC pilot with ‘real money’: Report

Thomas Jordan, head of the Swiss National Bank, announced the project at a conference in Zurich; the central bank still feels “prudent” about a retail CBDC, though.

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SNB prepares for launch of digital currency pilot program

The Swiss National Bank (SNB) is set to introduce a Central Bank Digital Currency (CBDC) for wholesale payments on the country's SIX Digital Exchange.

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18 ltalian Banks Forge Partnership For Blockchain-Based Wholesale CBDC Project

A collaborative effort between the Associazione Bancaria Italiana (ABI) and the Bank of Italy has brought together a group of banks in a pilot program for a central bank digital currency (CBDC). Referred to as Project Leonidas, this initiative involves 18 commercial banks leveraging blockchain technology.

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Bank of Brazil Includes 14 Participants in Its CBDC Pilot

Coinspeaker Bank of Brazil Includes 14 Participants in Its CBDC Pilot The Brazil Central Bank Digital Currency will initially focus on wholesale interbank transaction payment solutions.

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ECB Mulls Decentralized Settlement for Wholesale Financial Markets

Euro regulators are looking again at their centralized settlement systems in seeking to keep pace with digital innovation as they explore central bank digital currencies.

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US wholesale CBDC has ‘promise,’ Fed governor says, but retail ‘difficult to imagine’

Federal Reserve Board governor Michelle Bowman discussed a potential United States central bank digital currency in a speech at Georgetown University.

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FedNow program aims to introduce fully digital US currency

As the United States Federal Reserve (Fed) prepares to launch FedNow — arguably its wholesale central bank digital currency (CBDC) — many analysts and investors are closely watching the potential implications on the cryptocurrency market.

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Saudi central bank is still exploring CBDC potential in financial sector

The Saudi Central Bank (SAMA) has announced its ongoing experiment with Central Bank Digital Currencies (CBDCs). SAMA is working with local banks and FinTechs to better realize the potential uses of domestic or national wholesale CBDCs.

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Silvergate Crypto Bank’s Net Losses Jump to $1 Billion in Q4 2022

Coinspeaker Silvergate Crypto Bank’s Net Losses Jump to $1 Billion in Q4 2022 Silvergate Bank noted that they have initiated action to maintain the cash liquidity including the selling of debt securities and wholesale funding.

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Bank of England governor questions need for digital pound

BoE governor Andrew Bailey highlighted that the UK already has a wholesale settlement system with a major upgrade.

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Spain’s Central Bank Opens Call for Proposals for Wholesale CBDC Project

The proposal period will be open until January 31, 2023 for financial institutions and technology solution providers.

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Big Banks, NY Fed Start to Test Digital Tokens for 'Wholesale' Transactions

A group of major banks have commenced a pilot project alongside the Federal Reserve Bank of New York to test the feasibility of using tokens representing digital dollars to improve how central bank money is settled between institutions.

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Singapore And New York Regulators Explore Cross-border CBDC Payments

In a media press release dated November 11, 2022, the Monetary Authority of Singapore (MAS) and the New York Fed announced a collaboration project (Project Cedar) to explore potential enhancements to cross-border payments using wholesale Central Bank Digital Currencies (CBDCs).

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The New York Fed and Singapore’s MAS join resources to research the advantages of wholesale CBDCs

Together, the Monetary Authority of Singapore (MAS) and the New York Innovation Center of the Federal Reserve Bank of New York announced their plans to collaborate in evaluating the effectiveness of wholesale central bank digital currencies (wCBDCs). The goal of…

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New York Fed collaborates with Singapore MAS to explore CBDCs

A joint effort is aimed at assessing the possible use of wholesale central bank digital currencies in cross-border transactions.

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Singapore's MAS Starts Wholesale CBDC Project Ubin+ for Cross-Border Payments

The project comes a day after the central bank announced new projects aimed at trade finance and wealth management.

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India Will Start Testing ‘E-Rupee’ Digital Currency On November 1

The Reserve Bank of India (RBI) has announced that it will commence a pilot for a wholesale version of its central bank digital currency (CBDC) on November 1. Digital rupee pilots for the retail segment will begin within a month.

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India’s central bank starts digital rupee pilot

The Reserve Bank of India (RBI) will debut a pilot for its central bank digital currency (CBDC) targeting the wholesale segment, the bank announced on Monday. India is one of the countries with the highest number of cryptocurrency users, and while the government’s approach to crypto trading has been more unwelcoming, its been the opposite […] The post India’s central bank starts digital rupee pilot appeared first on Invezz.

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Reserve Bank of India to reportedly launch digital rupee pilot in November

Now debuting a wholesale CBDC, the RBI plans to launch the digital rupee for the retail segment within a month in select locations.

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India's Central Bank to Start Wholesale CBDC Pilot Nov. 1

The Reserve Bank of India will begin its wholesale e-rupee pilot project on Nov. 1 with a focus on settlement of secondary market transactions in government securities.

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