Russia's biggest bank is stepping up support for the digital ruble. Meanwhile, a new Citi report suggests demand for CBDCs among financial institutions is waning... and fast.
The Chinese-led mBridge protocol is making progress, with the second digital yuan payment transaction publicly recorded. India's CBDC program has five million users but no public transaction figures to share. Experimentation with tokenization is expanding across the region.
Russia's biggest bank is stepping up support for the digital ruble. Meanwhile, a new Citi report suggests demand for CBDCs among financial institutions is waning... and fast.
The Chinese-led mBridge protocol is making progress, with the second digital yuan payment transaction publicly recorded. India's CBDC program has five million users but no public transaction figures to share. Experimentation with tokenization is expanding across the region.
Bakong extends beyond Cambodia's borders. China's CBDC sets a $1 trillion annual transaction plan for e-CNY. The ECB is looking at B2B applications for the digital euro. Tokenization news with Euroclear's digital assets platform and Taurus
Apple opens NFC and SE. An association of German banks questions the value of the digital euro, while the only financial institution offering a wallet for Jamaica's CBDC claims it adds friction to the user experience.
The programmingability of money versus its uniformity in Thailand. Cambodia Bakong CBDC statistics for the first half of 2024. Kyrgyz digital som legislative framework.
Offline digital euro and eSIM, low traction for digital rupee, e-CNY extends use cases, Brazil's DREX and Pix integration. Ripple and Open Eden in T-bill tokenization.
For all the key details of new Distributed Ledger Technology (DLT) projects in the banking world, real-world asset (RWA) tokenization, stablecoins, and central bank digital currency (CBDC) updates, the Observers 'Banking and CBDC Roundup' has you covered.
CBDC Updates
“Forget it. There will never be CBDC while I
