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France’s Central Bank Latest To Ponder A Digital Currency

PYMNTS

The First Deputy Governor of the central bank of France, Denis Beau, spoke in support of a blockchain-based settlement system that would allow for faster transfers of euros, as well as be more cost-efficient, according to a report by Yahoo! The ECB has been open to the idea, and could already be experimenting.

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Central Bank Digital Currencies (CBDCs) in 2024

Clearly Payments

Central Bank Digital Currencies (CBDCs) have received attention in recent years as central banks worldwide explore the potential to evolve the way we conduct financial transactions. With the rise of digital payments, cryptocurrencies, and fintech innovations, CBDCs represent a new frontier in the evolution of money.

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Eurosystem Completes First of Many Experiments To Test DLT Central Bank Money Settlements

The Fintech Times

Eurosystem , the monetary authority of the eurozone, has been exploring the possible use cases of distributed ledger technology (DLT) to conduct wholesale settlement in central bank money. Initially, 16 private companies will conduct trials involving actual settlement in central bank money.

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

PYMNTS

To that end, a Bank for International Settlements ( BIS ) study concludes that “embedded regulation” might offer a solution for stablecoins, defined as cryptocurrencies with values tied to fiat currencies or other assets. Central banks, of course, have been discussing and exploring their own paths toward digital fiat.

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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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The Corporates Betting On Blockchain To Reshape Capital Markets Infrastructure

CB Insights

Distributed ledger technology (DLT) — which uses tech like blockchain to verify transactions without the need for a centralized authority — is gaining traction as a way to revamp capital markets infrastructure by making it more streamlined, improving transparency, and reducing associated fees.

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Switzerland Gov’t Takes Skeptical View Of Central Bank Digital Currency

PYMNTS

With the belief that it could cause instability within the country’s financial system, the government of Switzerland spoke against making a central bank digital currency available to the public. The SNB and the Bank for International Settlements (BIS) are said to be exploring the widespread use of digital central bank currencies.