- 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 new company, called Partior, will use blockchain and digitised commercial bank money to disrupt the traditional payments model.
- Partior will also be designed to complement ongoing Central Bank Digital Currencies initiatives and use cases.
- Zero Hash's settlement network will now support GMO Trust's dollar and yen backed stablecoins, GYEN and ZUSD.
- The partnership aims to eliminate the typical bottlenecks for cross-border JPY transfers and settlements.
- The European Central Bank received over 8,200 responses on its digital euro public consultation, 94% of which were from private citizens.
- The top priority for 43% of citizens and professionals who responded was for their payments to remain private.
- The South Korean bank has been providing DLT-based services, such as policy loans, pension funds, and interest rate swap deals, since 2017.
- Other members of Hedera's governing council include organizations such as Google, IBM, LG Electronics and Tata Communications.
- 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.
- After two years in the making, DCash has finally been released to four of the eight states in the Easter Caribbean Currency Union.
- The CBDC transactions will be stored on a blockchain, while any personally identifiable information will be kept by the financial institutions.
- A representative of the PBoC has proposed synchronizing CBDC fund flows around the world, as to assist regulators in monitoring the transactions for compliance.
- Chinese citizens can now apply for a digital yuan wallet with one of the six state owned banks in Shanghai and Beijing.
- Deutsche Bundesbank has tested a new blockchain-based system that allows investors to buy and sell securities on the blockchain with Euro.
- The bank has claimed the technology can be scaled up to the entire Euro zone in a much shorter time than creating a digital euro.