Boston Fed, MIT Complete Research Project Into Feasibility of a Central Bank Digital Currency
A joint research effort between the Federal Reserve Bank of Boston and the Massachusetts Institute of Technology into the technical feasibility of a potential central bank digital currency is now complete.
IMF Set to Collaborate with the Philippines on Wholesale CBDC Project
The International Monetary Fund (IMF) has announced a planned collaboration with Bangko Sentral ng Pilipinas (BSP), the Philippines’ central bank, to create a central bank digital currency (CBDC). The IMF said its role will be to advise the country’s central bank on the technicalities involved in creating the CBDC. Apart from offering technical help, the IMF noted that it will be involved in training BSP staff on the application of digital versions of the currency. (coingeek)
Key Comments From Liaison Council Members on Central Bank Digital Currencies in Japan
We have extracted some key comments from the Liaison Council members, with regards to cost, pilot participation, technology and the financial intermediary function, and added our comments.
The ICPI and Bitcoin as an Ideal Money Basis
The limiting or “asymptotic” result of such an evolutionary trend would be in effect “ideal money”
Brazil Could Launch Its DeFi-Integrated Digital Real in 2024
Roberto Campos Neto, president of the Central Bank of Brazil, has stated that the digital real project, the Brazilian central bank digital currency (CBDC) could be launched in 2024. Campos Neto also remarked on the benefits the digital currency system might bring as it is integrated with traditional finance structures and decentralized finance (defi) institutions.
Digital Euro on EU Priorities List Before 2024 Elections
Presidents of the European Parliament, Council and Commission have signed a joint agreement outlining priorities before the next European elections in 2024. On the list of 164 legislations — some are already in negotiations, and others are yet to be put forward — is a central bank digital currency.
Brazil Central Bank Plans to Launch a CBDC in 2024
The Central Bank of Brazil plans to introduce a central bank digital currency (CBDC) by 2024, the bank's President Roberto Campos Neto <a href="https://www.youtube.com/watch?v=GcS1-Zn5n3E" target="_blank">said at a conference </a>hosted by Brazilian news site Poder360 on Tuesday.
UK Amends Financial Services Bill to Accommodate Stablecoins and Other Crypto Assets
The UK government has announced the amendment of its financial services regulatory framework, which seeks to drive growth in the sector and accommodate stablecoins and other crypto assets.
Bank of England Opens Applications for 'Proof of Concept' CBDC Wallet
The Bank of England (BOE) is seeking a “proof of concept” for a wallet that will be able to hold a Central Bank Digital Currency (CBDC). On Dec. 9, the BOE posted a request for applications on the United Kingdom government's Digital Marketplace, a service where government organizations can solicit work for digital projects. (Cointelegraph)
Bank of England Opens Bids for CBDC Sample Wallet Proof of Concept
The Bank of England is <a href="https://www.digitalmarketplace.service.gov.uk/digital-outcomes-and-specialists/opportunities/18948">seeking</a> a proof of concept for a sample wallet for a Central Bank digital currency and will take applications through Dec. 23.
