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SC Ventures and G+D Complete Pilot on Different Types of CBDC Systems

Fintech News

This PoC involved executing real-time cross-border test transactions between various Central Bank Digital Currency (CBDC) systems. The project tested the feasibility of conducting multilateral cross-currency transfers through the UDPN, involving both Distributed Ledger Technology (DLT) and non-DLT-based CBDC technologies.

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Bitcoin Daily: Caymans Introduce Digital Asset Regulatory Framework; Reserve Bank Of Australia To Test CBDC; Huobi Expands Support For Visa And Mastercard

PYMNTS

In other news, the Reserve Bank of Australia (RBA) is exploring the potential of a central bank digital currency (CBDC), in partnership with the National Australia Bank , Commonwealth Bank , Perpetual Limited and ConsenSys Software , the bank announced in a press release. RBA expects to finish the project at the end of this year.

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Bitcoin Daily: Italy's Banks Test Digital Euro On DLT

PYMNTS

The experiments aim to examine a digital euro’s technical feasibility as well as its “programmability” as a coin separate from a central bank digital currency, (CBDC) according to CoinDesk. NTT Data, Project Spunta’s developer, and payment system provider SIA, are participating in the research experiment, Ledger Insights reported.

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2024 Might be Full of Central Bank Digital Currency Launches, Know How

CoinRemitter

If CBDCs go mainstream, they can dominate the world of digital payments. However, CBDC payments cannot be as anonymous as crypto payments. Central Bank Digital Currency Launches So Far The first CBDC launch happened in 2020, which was DCash by The Central Bank of The Bahama. CBDCs are launched in a controlled environment (i.e.

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Is ‘Embedded Regulation’ The Key To Stablecoins’ Success?

PYMNTS

“Today, authorities around the world are grappling with the rise of digital currencies and decentralized finance based on both emerging technologies — particularly various combinations of distributed ledger technology (DLT) and blockchain and advances in traditional centralized systems underpinning finance,” according to the report.