Canadians have ‘weak incentives’ to use a CBDC: Bank of Canada
A central bank discussion paper found that the majority of Canadians have little trouble accessing financial services, which gives them little reason to use a CBDC.
A central bank discussion paper found that the majority of Canadians have little trouble accessing financial services, which gives them little reason to use a CBDC.
According to Olga Skorobogatova, first deputy governor of the Bank of Russia, initiating pilot operations using genuine digital rubles represents a pivotal phase within the project.
Soramitsu is developing a cross-border payment system that uses Cambodia’s CBDCs and targets Japan, India, China and Southeast Asia.
Previously commonly referred to as the “digital real,” the Brazilian central bank digital currency gets its official brand name.
The crypto asset manager took a look at the leading U.S. presidential candidates’ positions and did not see a partisan divide.
From 2025 B2B transactions will cost $0,16 each, while individual customers will pay 0.3% of the total transaction sum when transferring to commercial accounts.
The project simulated transfers to customers of BDO Unibank in the Philippines with improved settlement time, cost and transparency.
PARSEC (Parallelized Architecture for Scalably Executing Smart Contracts) runs on the ERC-20 standard, so it could have other applications too.
The Commission insists that the platform doesn’t have a license to work in the country and hence its operation is illegal.
South Korea pushes forward with its CBDC pilot and targets three potential test regions for issuing and distributing the digital currency.