To improve access to financial services throughout the South American nation of Brazil, the country’s central bank has formally introduced a prototype form of central bank digital currency (CBDC). Also, the bank has high expectations that the Brazilian CBDC would achieve the same level of success as Pix, the immediate payment system used in Brazil. … Read more
The Reserve Bank of Australia (RBA) has initiated a trial that will last for one full year in order to investigate the business models and novel applications of central bank digital currencies (CBDCs). The Australian central bank emphasized that the pilot project’s primary objective was to gain a deeper understanding of the regulatory, legal, and … Read more
In addition to its retail central bank digital currency (CBDC) programs and proof-of-concept Retail CBDC tests with corporate entities, the Bank of Thailand (BOT) will increase the scope of CBDC development focused on retail and enter a pilot phase shortly. One potential use of the “Retail CBDC” in real life will be tested on a … Read more