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Visa began working on a blockchain interoperability project in September 2021 to support CBDC and stablecoin adoption but few updates have been made since.
Saudi Arabia’s central bank stressed that no decision has been made to launch a CBDC, but it will continue to research use cases.
A new role, “head of CBDC,” will help the United Kingdom to “explore the case for a digital pound,” although U.K. Bitcoiners would argue that might not be necessary.
The team lead will determine the “strategic direction” for Treasury’s efforts to develop a digital pound in line with the U.K. government’s agenda.
In recent months, four countries that had previously initiated major CBDC pilot programs have scrapped their adoption plans altogether.
A SWIFT-style system for bank-issued and regulated digital currencies was launched by a firm involved in building China’s national blockchain project.
ECB board member Fabio Panetta affirms the ECB’s digital euro privacy policy and says the digital currency will never be programmable, but it may have an app.
At this point, the test network for the Norwegian CBDC uses not the public Ethereum ecosystem, but a private version of the enterprise blockchain Hyperledger Besu.
China’s central bank digital currency (CBDC) has seen new use cases in recent days, including buying securities and making offline payments.
The central bank governor highlighted that the South African Reserve Bank would rather follow than become a first mover in retail CBDCs.
The foundation set up by “Crypto Dad” Christopher Giancarlo released a new version of its CBDC white paper with new warnings about maintaining U.S. leadership.