Fintech News

OCTOBER 23, 2024

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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Central Bank CBDC Settlement Treasury 129

PYMNTS

MARCH 30, 2020

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. Indeed, any decision to create a CBDC is a matter for the Eurosystem.” ” The submission deadline for digital applications is May 15.

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CBDC Interbank Settlement Digital Currency Central Bank 98

The Fintech Times

FEBRUARY 26, 2024

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. However, CBDCs will not be the silver bullet to developing and accelerating cross-border payments.

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Cross-Border Payments Cross-Border Digital Currency Central Bank 145

The Fintech Times

AUGUST 28, 2024

Through the project , HKMA explores financial market infrastructure that facilitates seamless interbank settlement of tokenised money through a wCBDC. Having completed building the sandbox, HKMA will use it to facilitate interbank settlement using experimental tokenised money, focusing on transactions involving these tokenised assets.

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Interbank Settlement CBDC Settlement Use Case 134

The Fintech Times

SEPTEMBER 20, 2024

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. jurisdictions that have issued a retail CBDC or indicated that it is quite possible in coming years, the main motivations have less resonance in Australia.

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Treasury CBDC Assessments Digital Currency 59

The Fintech Times

MARCH 7, 2024

Through the new project, Hong Kong Monetary Authority will explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of tokenised money through a wholesale CBDC. It could forge a new FMI that bridges the gap between tokenised real-world assets and money in transactions.

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CBDC Authorization Interbank Settlement Central Bank 53

PYMNTS

OCTOBER 16, 2020

Companies are looking to harness digital tools to accelerate B2B disbursements and payments — as well as to handle other parts of their treasury needs with more efficiency. PYMNTS explores how the coronavirus has exposed the weaknesses of paper-based payments and what that signifies for the future of treasury.

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Instant Payments Card Issuer Online and Mobile Banking Federal Reserve 95