central bank digital currency
Korean central bank inks deal to develop system for testing CBDCs
LG CNS Co. will develop a set of systems for the test.
Korean central bank inks deal to develop system for testing CBDCs
LG CNS Co. will develop a set of systems for the test.
Bank of China HK uses e-CNY for $5.1m cross-boundary settlement
It's a stepping stone towards the normalization of e-CNY use amongst BOCHK's corporate customers.
MAS teams up with BIS, Swiss and France central banks to test wholesale CBDCs
Project Mariana used DeFi technology concepts on a public blockchain.
India’s card payments market to rise 28.6% to $337.1b in 2023
Consumers in India are increasingly embracing electronic payments, GlobalData said.
MAS suggests digital money standards through whitepaper
The paper includes technical specifications detailing the entire lifecycle of purpose bound money.
Hang Seng Bank, Visa to test CBDC use cases in Hong Kong
The three will collaborate to explore the feasibility of tokenised deposits.
Vietnam conducts training on central bank digital currency
The course aims to upskill SBV and relevant agencies in Vietnam.
Value of CBDC payments to reach $213b annually by 2030: study
Adoption will be driven by governments boosting financial inclusion.
Weekly Global News Wrap: Credit Suisse to cut 10% OF EU investment bankers; BOE skeptical over digital pound
And Spain’s BBVA says it will exceed 2021 dividend.
MAS launches Ubin+ to study cross-border FX settlement using CBDCs
It will study business models and create policy guidelines.
Bank of China HK joins pilot programme to trial use of digital currencies
BOCHK has completed real-value cross border trade of central bank digital currencies.
Weekly Global News Wrap: India poised for digital rupee launch; UBS reports best annual profits since GFC
And Goldman Sachs’ US staff returns to office for the first time in 2022.
Weekly Global News Wrap: Australia iffy with digital currency; JP Morgan eases overdraft fees
And UBS Switzerland to propose a new board chairman.
Wider adoption of e-CNY poses risks to China’s banking system: Moody’s
Digital renminbi will test banks’ ability to address risks.
Hong Kong mulls launching own digital currency: financial secretary
This is part of HKMA's initiative to 'push all banks to go fintech'.
Commercial banks to take intermediary roles when CBDCs roll out: S&P
Central banks will prioritise financial stability in this undertaking.
Financial institutions face four emerging challenges as digitisation ramps up
FIs role as the middleman is under threat as tech firms mull offering financial services.
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1. DBS and OCBC expected to deliver steady Q1 net profits 2. Financial firms lead LinkedIn’s top companies in Singapore 3. OCBC’s green car loans surged sixfold as new EV brands pique buyers 4. Endowus launches full-service digital wealth platform in Hong Kong 5. SC Ventures, ENGIE Factory back conservation financing ventureAwards
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