Brazil’s Central Bank has announced the official name of its Real Digital platform. DREX will allow the deployment of smart contracts to make financial services more accessible.

Soramitsu plans to connect its Cambodia-based RTGS system, Bakong, to its cross-chain stablecoin exchange, creating a pan-Asian transfer and payment network.

The Japanese central bank has established a working group of 60 companies to gain input into its decision on launching a CBDC from a business perspective.

Brazilians are concerned after functionality that gives control over CBDC wallets to the government was discovered.

Transactions using the digital yuan have amounted to $250 billion since the start of the CBDC’s pilot phase. China’s Central Bank Governor looked to the next step to increased adoption - cross-border payments

This week the U.S. Federal Reserve finally launched its long-awaited instant payments solution. Meanwhile, the South Korean central bank published a report outlining an important upgrade to the country’s longstanding instant payments solution.

China is doubling down on its efforts to increase the use of the digital yuan. The Bank of China has started testing offline no-battery mobile payments.

The Governor of the Bank of England told an audience that an inability to specify a precise detailed use case today was no reason to put off investigating the future potential of ‘enhanced digital money’.