Hong Kong is expected to roll out the wholesale CBDC settlement after banking hours by 2026. This plan will utilize the EnsembleTX, which will be used to facilitate continuous settlement for tokenized deposits. EnsembleTX makes up the pilot stage for Project Ensemble, which is the tokenization project for Hong Kong.
Legislators have passed a bill aimed at pushing housing reforms that feature a temporary ban on a Federal Reserve CBDC. The ban forms one of the many proposals included in the bipartisan bill, the 21st Century Road to Housing Act. The bill seeks to improve affordable housing, boost the supply
A move by US Senate Democrats and Republicans to pass a wide-ranging housing bill. They added a new section that prohibits the Federal Reserve from launching a retail central bank digital currency, or CBDC. The section of the bill would prevent the Fed from launching a digital version of the
Germany’s central bank president has urged faster progress on euro-pegged stablecoins and a retail central bank digital currency (CBDC), arguing that such tools are necessary to reduce the European Union’s dependence on U.S. dollar-based payment systems. Speaking at the New Year’s Reception of the American Chamber of Commerce in Frankfurt
The central bank of India has plans for BRICS members to associate their official digital currencies, targeting to make cross-border trade and tourism payments swifter as geopolitics toughens and more countries seek rails that depend less on the US dollar. On January 19, Reuters reported that the Reserve Bank of
Reportedly, the Bank of England is contemplating scrapping its plans for a central bank digital currency (CBDC) due to worries that it could not be good for the bank or the financial system as a whole. As doubt over the need and advantages of a consumer-focused digital pound grows, the
The Reserve Bank of India is picking up the pace on its digital rupee pilot, rolling out new features that could actually make it useful for everyday life. They’re working on stuff like programmability and offline payments, which could make the Rupee (₹) way more flexible—especially in areas where internet
The European Central Bank’s (ECB) initiative to explore technologies for a potential Digital Euro has selected COTI as a Pioneer Partner. In order to provide solutions for a central bank digital currency (CBDC) that is applicable across the euro, COTI will collaborate with the ECB and other partner organizations. Preparing for the launch
The emergence of Central Bank Digital Currencies (CBDCs) is revolutionizing the international financial landscape. They are central bank-issued digital currencies designed to advance payments. Also, it enhances financial inclusion and counters the development of decentralized cryptocurrencies. As countries test or introduce CBDCs, their implications on world economies, monetary policy, and
Trump Plans to Block Government Digital Dollar President Donald Trump is expected to stop the creation of a U.S. Central Bank digital currency (CBDC), also called the digital dollar. Reports say he might soon sign an order to block it. This follows his promise during the campaign to prevent government-controlled
