Canada Moves Away From Retail CBDC, Shifts Focus to Broader Payments
Canada’s central bank has said it is shifting its focus to broader payments system research and policy development.
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Cbdc
Financial
Australia to Prioritise Wholesale CBDC Over Retail
The Reserve Bank of Australia made a strategic commitment to prioritize work on a wholesale CBDC.
Financial
India’s CBDC Has 5M Users, Can be Phased in Gradually: Central Bank Governor
Governor Shaktikanta Das said there should not be in any rush to roll out a system-wide CBDC.
Financial
IMF Says CBDCs Could Boost Middle East’s Financial Inclusion, Payment Efficiency
The survey said that the 19 central banks in the region are exploring issuing a CBDC and the countries are mainly focused on how CBDCs can enhance financial inclusion and payment system efficiency.
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Republican Lawmakers Introduce Legislation to Ban a CBDC in the U.S. … Again
Senators Ted Cruz, Bill Hagerty, Rick Scott, Ted Budd and Mike Braun filed a bill titled “The CBDC Anti-Surveillance State Act.”
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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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India CBDC Insider Reveals Current Stance of Country’s Central Bank
India’s central bank is weighing CBDC privacy technology and wouldn’t plan to object if the government reduces its crypto tax, a senior official told CoinDesk.
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India’s Digital Rupee Crossed a Million Transactions in 1 Day With Some Help From Banks
The retail CBDC pilot is active in more than 15 cities with more than a dozen banks participating.
Financial
Central Banks Aren’t Sufficiently Ready for CBDC Risks: BIS Report
The introduction of national digital currencies could have “major implications” for the business model of central banks and the risks they face, a Bank for International Settlements group said.
Financial
Central Banks Have No Interest in Personal Data, BIS Official Says While Promoting CBDCs
The Bank for International Settlements has been calling on countries to prepare for CBDCs as governments face backlash over privacy concerns.