Materials by tag CBDC

Sep 06, 2019 at 12:41
Marshall Islands Plans to Issue Sovereign Cryptocurrency
From the time the Republic of the Marshall Islands gained its independence, it has been using the US dollar (USD) as its fiat currency. But now, the financial authorities have come out with a major plan of issuing their own state-backed cryptocurrency based on blockchain and distributed ledger technology (DLT).
Jul 12, 2019 at 12:59
Blockchain-Based CBDC to be Created in Turkey
Turkey plans on creating its own virtual currency and deploying blockchain into government systems. The government financial authority has included a central bank-issued cryptocurrency in its new 2019 –2023 strategic economic roadmap.
May 04, 2019 at 12:44
Central Bank Experiment: Blockchain for Cross-Border Payments
The Monetary Authority of Singapore (MAS), in collaboration with the Central Bank of Canada (BoC), experimented with making cross-border (international) financial payments using blockchain technology and CBDC, a digital fiat money created under the government’s regulation. This initiative will help increase payment efficiencies.
Feb 22, 2019 at 16:48
Bank of Japan Delves into Central Bank Cryptocurrency
The Bank of Japan released a new report that examines the concept and role of digital currencies in the general monetary system.