Planned for 1 April, the CBDC trial will involve real consumers and real transactions, though they will be limited to a certain number of customers and transfers.
The pilot, however, will not be opened to the general public in its first phase, and will only be opened to customers chosen by the 13 participating local banks.
February 17, 2023, 4:50 PM
Central Bank of Russia building in Moscow. Mistervlad/Shutterstock
The Reserve Bank of Australia will collaborate with DFCRC, a $180 million research program, to explore use cases and potential benefits of CBDC in Australia.
The research project will also feature a “limited-scale” CBDC pilot, which will operate in a ring-fenced environment.
August 9, 2022, 5:23 PM
The famous Sydney Opera House, Sydney, Australia, November 2015. myphotobank.com.au/Shutterstock
The Bank of Korea has launched a bidding process to choose a tech partner for studying the practicalities of launching a CBDC.
Expected to run between August and December, the pilot will include simulations for commercial banks and retail outlets, fund transfers, deposits, and mobile payment tests.
The European Investment Bank has hired Goldman Sachs, Banco Santander and Société Générale to look into bonds issued on a blockchain.
An initial investor meeting is reportedly set to start on 15 April.
The European Investment Bank in Luxembourg, 11 May 2012. EIB is a publicly-owned international financial institution, its shareholders are the EU member states. Shutterstock
Both the public and private sectors have until 15 June to submit their feedback regarding the bank’s plans to issue a retail digital baht.
While the first tests of the CBDC have been scheduled for Q2 2022, the bank could fully implement the retail digital currency in the next three to five years.