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Will Central Bank Digital Currencies (CBDCs) Impact Cross-Border Payments in 2024?

The Fintech Times

As of December 2023, 130 countries, representing 98 per cent of global GDP, were exploring central bank digital currencies (CBDCs) according to the Atlantic Council ‘s CBDC tracker. Ninety-eight per cent of the global economy is reportedly already exploring digital versions of their currencies. .

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Australia Central Bank Unveils 3-Year Digital Money Plan

Fintech News

Australia has unveiled a three-year initiative to explore the potential of central bank digital currencies (CBDCs) with a focus on wholesale CBDC opportunities, industry outreach and regulatory improvements, Brad Jones, Assistant Governor (Financial System) at the Reserve Bank of Australia (RBA), told the audience at an industry event in September.

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Bitcoin Daily: Banque de France Seeks CBDC Experiment Applications; Bitget Looks To Grow In The US

PYMNTS

The Banque de France is seeking applications “to experiment with a central bank digital currency for interbank settlements,” according to an announcement from the French central bank. ” The submission deadline for digital applications is May 15. Indeed, any decision to create a CBDC is a matter for the Eurosystem.”

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HM Treasury and the Bank of England consider introducing a CBDC

The Paypers

The Bank of England and HM Treasury have published a new paper that explores the introduction of a central bank digital currency.

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Bitcoin Daily: UK Researching CBDC Use Cases; Lebanon To Introduce CBDC In 2021; SEC Member Pushes For Cryptocurrency Regulation; ShapeShift Delists Three Privacy Coins

PYMNTS

Treasury Department is researching use cases for a central bank digital currency (CBDC), as well as drafting regulatory proposals for private stablecoins, U.K. Meanwhile, Lebanon Governor Riad Salameh announced that the country will be introducing a CBDC next year, to “restore confidence,” reported Bloomberg.

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How Digital Assets Could Reshape The Future Of Corporate Treasury

PYMNTS

Yet for finance leaders of the enterprise, adoption of digital assets poses plenty of risks and challenges, not least of all the inability for their current treasury infrastructures to manage crypto in an integrated and compliant way. We’re not just talking about the digitization of fiat,” he said. “As

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RBA and Treasury Reveal the Role of CBDCs in Australia as Public Lacks Interest

The Fintech Times

One of the biggest challenges central bank digital currencies (CBDCs) have faced in their development is who will actually use them. A new report from the Reserve Bank of Australia (RBA) supports this as it reveals public interest in a retail CBDC has yet to emerge in the country.