35 articles found
CBDC for Asian unity: Soramitsu's vision takes shape
Japan's Soramitsu is at the forefront of crafting a system that enables cross-border transactions specifically tailored to the Asian market. This initiative involves leveraging the Cambodian CBDC to cater to markets in India, China, and Japan. Additionally, Soramitsu aspires to establish a Japanese exchange for stablecoins, simplifying currency conversion across various countries.
📣 The Pros and Cons of 'Britcoin': UK's CBDC in the Spotlight
✨ UK Aims to Revamp CBDC Regulations
U.K. House of Commons Treasury Committee lawmakers, in its recent report, have urged the government to reconsider the regulations for a potential Central Bank Digital Currency (CBDC). Proposed changes include setting a lower limit on individual holdings (up to £3,000) and the option to earn interest on these holdings.
🔥 Philippine Officials Forge Ahead with New Technologies
The European Union is cautious about launching a CBDC
Mairead McGuinness, the European Commissioner for Financial Services, believes there's no need to rush the launch of a digital euro before the next EU elections in June 2024. She advises the next EU Commission to take a careful and measured approach to the CBDC rollout. Furthermore, McGuinness mentioned that the European Central Bank will finalize its stance on the project this coming October.
Introducing Drex: Brazil's CBDC receives Its distinct identity
Brazil's Central Bank has officially christened its digital currency as 'Drex', moving away from its previous moniker, the digital real. The visual identity of Drex has also been released, featuring two arrows, with one integrated into the uppercase 'D', illustrating the transition of Brazil's conventional fiat currency to its digitalized form. Does the green hue symbolize perpetual growth?