CBDCs seen offering faster settlements by 87% global securities firms: Citi survey
Discussions around ways to shorten local settlement cycles within the next five years have got most securities firms eyeing local central bank digital currencies (CBDCs). CitiBank’s latest edition of the Securities Services Evolution whitepaper highlighted India’s recent move to T+1 settlements, ...
Australia’s Central Bank Concludes CBDC Pilot, Identifies Key Use Cases
Australia’s central bank has completed its pilot of a central bank digital currency exploring use cases for a potential digital dollar, finding it useful in four main areas, including enabling complex payments and asset tokenization. The Reserve Bank of Australia and the Digital Finance Coope ...
Hong Kong Launches e-HKD Pilot Program with Major Financial Players
The Hong Kong Monetary Authority (HKMA) announced Thursday the launch of the e-HKD pilot program and testing options for the state's digital currency. A number of major companies from the financial, payment and technology industries will ...
Santa Cruz County Approves Blockchain Pilot Program for Government Services
It's part of a blockchain pilot program It launches in summer 2023 Through the wallet, residents will be able to pay for parking and register bikes Santa Cruz County, California, has approved a proposal to implement some blockchain solutions statewide ...
IRS to Send Crypto Agents to Four Countries for International Investigation
The IRS has announced its intention to deploy its staff to multiple countries as part of its efforts to investigate cryptocurrency and DeFi-related crimes. Under a pilot program that runs from June to September 2023, the agency's crypto and cybercrime agents will be working closely with law enfor ...
Central Bank of Montenegro Collaborates with Ripple for Pilot Program on State Digital Currency
The announcement by the Central Bank of Montenegro regarding their partnership with Ripple, an American company, has been made public. The two organizations plan to collaborate on the development and launch of a pilot program aimed at testing the state digital currency, as well as forming a compr ...