A global marketplace for trading tokenised money such as CBDCs would reduce the need for bilateral trust relationships and improve cross-border payments.
March 15, 2023Nine banks and three central banks participated in testing Swift's API-based CBDC connector across two blockchain networks and fiat-based payment systems.
March 10, 2023Project Icebreaker shows that different countries can implement different CBDC solutions and still participate in a formalised interlinking arrangement to enable instant cross-currency transactions.
March 7, 2023An "IMF-FSB Synthesis Paper" due to be published in September will support a "coordinated and comprehensive policy approach to crypto-assets".
March 3, 2023Agustin Carstens said the disappearance of $2tr in value from the crypto market in 2022 proves that cryptocurrencies cannot be a viable alternative to fiat.
February 24, 2023Visa has tested the feasibility of accepting large value settlement payments in USDC, using the same process as for foreign currency transactions.
February 11, 2023Project Pyxtrial will investigate technological tools that can enable systemic monitoring of stablecoins and their balance sheets.
February 8, 2023Several Tier 1 banks are participating in POCs to test the Universal Digital Payment Network (UDPN) for cross-border transfers and swaps.
January 27, 2023New paper from the BIS, IMF and World Bank assesses the benefits and challenges associated with using multilateral platforms for cross-border payments.
January 20, 2023The government will also empower the RBA to regulate digital wallet providers and improve the regulatory framework for crypto service providers.
December 15, 2022