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Norway’s Central Bank on CBDC Progress: We’re Not Falling Behind

[Oct 24 8:30 AM] Norway’s central bank is on track to decide by 2025 whether to adopt a central bank digital currency (CBDC), but officials stress there’s no urgency. Despite Norway’s cashless society, with only 2% using cash, the bank is carefully studying both…

Australian Central Bank Prioritizes Wholesale CBDC

[Sep 19 11:20 AM] The Australian Central Bank is focusing on a wholesale central bank digital currency (CBDC) due to its potential economic benefits compared to a retail CBDC. The Reserve Bank of Australia (RBA) has launched Project Acacia, a three-year plan to…

France and Hong Kong Collaborate to Advance Global Tokenization Market With CBDC Initiatives

[Jul 8 6:30 PM] The Banque de France (BDF) and the Hong Kong Monetary Authority (HKMA) have announced a collaboration on wholesale central bank digital currency (wCBDC). This partnership includes the HKMA’s involvement in Wave 2 of the European Central Bank’s…

Taiwan central bank says no rush for CBDC launch

[Jul 7 4:21 AM] The Central Bank of the Republic of China mentioned handling government tenders through special purpose tokens to improve operational efficiency using smart contracts for bids and performance bonds.

Central Bank of the Philippines to Complete Wholesale CBDC Pilot This Year, Hints at Securities Focused Use Case

[Mar 11 2:30 AM] The Central Bank of the Philippines revealed that it aims to conclude the ongoing wholesale CBDC pilot, Project Agila, later this year. The pilot, which currently includes the participation of six local financial institutions, might be the gate for…

Hong Kong Launches Project Ensemble, a Wholesale CBDC and Tokenized Deposits Initiative

[Mar 8 8:30 PM] The government of Hong Kong has announced Project Ensemble, an initiative that will test the functionality of a wholesale central bank digital currency (WCBDC) and the movement of tokenized deposits. If there is “sufficient interest” in…

Bank of Spain Announces Partners for Wholesale CBDC Trials

[Jan 8 11:00 PM] The Bank of Spain has announced that Adhara, a treasury and transactions payment platform, and a consortium formed by Cecabank and Abanca, two private banks, will be its partners in the development of several upcoming wholesale central bank digital…

Retail CBDCs bring unknown 'consequences' to financial system: IMF director

[May 2, 2023 7:50 PM] The IMF's Kristalina Georgieva said wholesale CBDCs, on the other hand, have “fairly little space for undesirable surprises.”

New York Fed and 9 Major Banks to Test ‘Interoperable Network of Central Bank Wholesale Digital Money’

[Nov 19, 2022 4:30 PM] Nine major financial institutions and the Federal Reserve Bank of New York have started to experiment with a digital dollar proof of concept to see if distributed ledger technology can improve settlement between central banks, commercial banks, and…