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 ...
DigitalX and TAF Capital Exchange eAUD for USDC via Canvas Blockchain Infrastructure
Blockchain infrastructure provider Canvas announced that cryptocurrency fund managers DigitalX and TAF Capital have successfully exchanged the digital Australian dollar (eAUD) for the USDC stabelcoin. eAUD was launched by the Reserve Bank of Australia (RBA) together with ...
Thousands of Australians Face Huge Losses as Retirement Savings in Cryptocurrencies Plummet
As per the latest reports from Reuters, numerous Australians who invested their pension savings in cryptocurrency have faced huge losses amounting to millions of dollars. The losses are attributed to the self-managed pension funds (SMSF) that are not regulated by Australian prudential regulators ...