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Euroclear joins HKMA’s Project Ensemble
Euroclear joins HKMA’s Project Ensemble
Euroclear has joined the Hong Kong Monetary Authority’s (HKMA) Project Ensemble, aimed at using wholesale central bank digital currency (CBDC) to settle interbank tokenized exposits and assets. As an Architecture Community member, Euroclear will contribute by developing a set of industry standards to support interoperability in Hong Kong's tokenization ecosystem.
#Fintech#Tokenization#Settlement#Euroclear#CBDC#wCBDC#HongKong#DFC
·euroclear.com·
Euroclear joins HKMA’s Project Ensemble
UAE Central Bank Reveals Digital Dirham Symbol, Targets Late 2025 Launch
UAE Central Bank Reveals Digital Dirham Symbol, Targets Late 2025 Launch
The Central Bank of the UAE (CBUAE) unveiled the official symbol for its blockchain-based Digital Dirham central bank digital currency (CBDC). Issuance is expected to take place in the last quarter of 2025 for retail sector. The Digital Dirham, underpinned by Federal Decree-Law No. (54) of 2023, is set to become a legal tender, ensuring its acceptance across all payment outlets and channels alongside physical currency. https://www.centralbank.ae/media/ckkp3s3f/cbuae-unveils-new-dirham-symbol-en.pdfAccording to R3, Corda will serve as the underlying infrastructure for cross-border payments implementation. https://www.linkedin.com/posts/r3cev-llc_uae-to-launch-cbdc-in-q4-2025-ledger-insights-activity-7313831113041301504-jpU_/
#Fintech#CBDC#UAE#DFC#R3
·news.bitcoin.com·
UAE Central Bank Reveals Digital Dirham Symbol, Targets Late 2025 Launch
Senator Cruz introduces companion bill to prohibit the Fed from issuing a CBDC
Senator Cruz introduces companion bill to prohibit the Fed from issuing a CBDC

U.S. Senator Ted Cruz introduced a bill on March 26, 2025 to prohibit the Federal Reserve from issuing a retail central bank digital currency (CBDC). The “Anti-CBDC Surveillance State Act,” would prohibit the Fed from offering certain products or services directly to American individuals, a key component of any retail CBDC. The Texas Republican’s bill is similarly worded to the bill introduced by Representative Tom Emmer to the House of Representatives on March 6. https://www.cruz.senate.gov/newsroom/press-releases/sen-cruz-introduces-bill-to-block-federal-reserve-from-issuing-central-bank-digital-currency

#CBDC#UnitedStates#Regulation#DFC#Fintech
·cointelegraph.com·
Senator Cruz introduces companion bill to prohibit the Fed from issuing a CBDC
Are CBDC projects moving forward without public buy-In?
Are CBDC projects moving forward without public buy-In?
The Warwick University Business School Gillmore Centre for Financial Technology published its response the Bank of England's central bank digital currency (CBDC) consultation. One of its main points was that, even with a strong policy case, a digital pound will only fulfill its purpose if people adopt it. In the United Kingdom, relatively strong retail payments landscape would present a challenge in this regard. However, two particular pain points suggest a pathway to adoption; merchant frustration over high card payment costs and lack of alternatives, and clunky person-to-person (P2P) payments. A digital pound is not the only solution here, but perhaps these concerns suggest a pathway to adoption. However, most consumers don’t directly bear payment costs (merchants) and prices typically remain the same regardless of the payment method, so there’s little direct incentive for users to switch, complicating adoption. And anxieties around CBDC privacy are ironic in the context of widespread reliance on payment systems that are not private, but maybe a CBDC with cash-like attributes could carve out a unique niche. https://warwick.ac.uk/fac/soc/wbs/subjects/finance/gillmore/research/environment/the_gillmore_centre/
#CBDC#UnitedKingdom#Fintech#DFC
·finextra.com·
Are CBDC projects moving forward without public buy-In?
Wholesale, retail and multi-purpose digital shekel proposal (LinkedIn)
Wholesale, retail and multi-purpose digital shekel proposal (LinkedIn)
In a LinkedIn post, the Bank of Israel's Yoav Soffer discusses how the long-run plan for a prospective digital shekel would blur the distinction between retail and wholesale central bank digital currency (CBDC). Box 2 in the design paper published on March 3, 2025 rejects the notion that wholesale use cases (and users) and retail use cases (and users) cannot be served by one system. The proposed design offers the concept of a "multipurpose CBDC" – one reservoir of digital central bank money, available for all users and use cases in the economy – of course, with the adequate controls, risk management measures, and regulatory requirements attached to each type of user. https://boi.org.il/en/communication-and-publications/press-releases/3-3-25/
#CBDC#Fintech#Israel#wCBDC#DFC
·linkedin.com·
Wholesale, retail and multi-purpose digital shekel proposal (LinkedIn)
Update on the Bank of Israel digital shekel project
Update on the Bank of Israel digital shekel project
The Bank of Israel's Yoav Sofer provided an update on the digital shekel project, which he leads, in a couple of local media outlets. The project team want to finalize the plan by the end of 2026, after which they will present it to the Governor, who will decide whether to launch the digital shekel. The current thinking is that it would provide for an offline payment wallet by which it will be possible to set a certain amount in advance to be held by phone or prepaid card that can be used to make payments when there is no internet connection. It will also allow for anonymous payments up to a certain amount, both offline and online, in a way that will not even be accessible to payment service providers. The project team is also considering allowing the digital shekel to bear interest, which will create an incentive for banks to offer better interest rates on deposits, and push Bank of Israel policy rate changes out to the economy faster and more efficiently. See also https://www.makorrishon.co.il/
#CBDC#Fintech#Israel#DFC
·davar1.co.il·
Update on the Bank of Israel digital shekel project
Private Law Aspects of Token-Based Central Bank Digital Currencies
Private Law Aspects of Token-Based Central Bank Digital Currencies
The IMF published a paper that presents a practical legal-analytical framework to assess how private law rules can be designed to support the wide circulation and safe holding of token-based central bank digital currency (CBDC) primarily intended for retail use. It follows a previous IMF working paper that examined the legal foundations of CBDC under central bank law and its treatment under monetary law—the main public law aspects of CBDC. A private law framework is also needed, because unlike account-based CBDC, token-based CBDC constitutes from the legal perspective a new form of money and hence raises a lot of challenges under private law. This legal nature will shape how token-based CBDC can be transferred, held in custody, “deposited” with commercial banks, and pledged. It is also be crucial that private law rules establish with certainty how ownership and other rights in token-based CBDC can be transferred between economic agents. In most jurisdictions, the private law regime for token-based CBDC will likely need to be augmented by a comprehensive legislative intervention to provide a sufficiently robust and predictable legal foundation for this new digital currency. In designing such a legislative framework, countries will need to consider carefully whether to anchor it in a broader framework for digital money or assets.
#CBDC#Legal#Fintech#IMF#DFC
·imf.org·
Private Law Aspects of Token-Based Central Bank Digital Currencies
Iraq moves towards issuing a central bank digital currency
Iraq moves towards issuing a central bank digital currency
The Iraqi News Agency (INA) reported that Muzhir Mohammad Saleh, the financial advisor to the Iraqi Prime Minister, said that the Central Bank of Iraq is planning to issue a digital currency (CBDC) as a "gradual alternative" to bank notes. He added that "digital cash will maintain its traditional functions as a unit of account, payments and savings, with the possibility of using it online and smart phones, which will contribute to developing a more stable and efficient financial environment."
#CBDC#Fintech#Iraq#DFC
·ina.iq·
Iraq moves towards issuing a central bank digital currency
Consumer attitudes towards a central bank digital currency
Consumer attitudes towards a central bank digital currency
The European Central Bank (ECB) published a paper that reported the results of a series of experiments in a population-representative survey of European consumers to examine their attitudes towards the possible introduction of a digital euro. The study found that test subjects who were shown a short video explaining the key features of the digital euro increases the likelihood of adoption by 12 percentage points relative to a control group that is not shown the video. Second, it found that test subjects would allocate a relatively small fraction from a positive wealth shock to digital euros and their allocation to other liquid assets would be little affected. Third, it found that holding limits in the range of €1,000 to €10,000 would have insignificant differential effects on the composition of liquid asset holdings. Lastly, 55% of test subjects said that they will not adopt the digital euro due to strong preferences for existing forms of payment.
#Fintech#CBDC#ECB#DFC
·ecb.europa.eu·
Consumer attitudes towards a central bank digital currency
ECB targets October 2025 for digital euro rollout?
ECB targets October 2025 for digital euro rollout?
European Central Bank (ECB) President Christine LaGarde signaled an acceleration of the pace of its digital euro project. She also gave an October 2025 deadline to "put to reality this digital euro" after "campaigning enough with all the stakeholders – meaning the European Parliament, European Council, European Commission [to] complete the legislative process, without which we will not be able to move. The crypto press has taken October 2025 to be a prospective digital euro launch date, but that seems very unlikely to me. Surely "put to reality" means something more like preparing to pilot the new central bank digital currency (CBDC)?
#Fintech#CBDC#ECB#Eurozone#DFC
·ecb.europa.eu·
ECB targets October 2025 for digital euro rollout?
US Majority Whip Tom Emmer Reintroduces Anti-CBDC Legislation
US Majority Whip Tom Emmer Reintroduces Anti-CBDC Legislation
Congressman and Majority Whip Tom Emmer reintroduced his Anti-CBDC Surveillance State Act, to prevent the Federal Reserve from issuing a retail central bank digital currency (CBDC), unless it is issued on an open, permissionless, and private network. (Update: https://www.congress.gov/bill/119th-congress/house-bill/1919
#UnitedStates#CBDC#Fintech#DFC
·emmer.house.gov·
US Majority Whip Tom Emmer Reintroduces Anti-CBDC Legislation
Student Safe: the Magyar Nemzeti Bank’s retail CBDC pilot project
Student Safe: the Magyar Nemzeti Bank’s retail CBDC pilot project
Magyar Nemzeti Bank (MNB) published a white paper on its Student Safe central bank digital currency (CBDC) pilot project, which was launched in May 2023 and phased out in February 2025. The aim was to create a CBDC environment that is not only secure and regulated, but also flexible and user-friendly. The Student Safe offered free of charge and secure digital payment solutions to support the financial inclusion of 8-14 year olds. It provided users with the opportunity to learn the theory and practice of digital finance basics through a combination of quizzes and mobile banking functions. Going forward, the MNB will examine possible motivations and emerging use cases that could be relevant to the Student Safe user base or to another group of consumers.
#Fintech#CBDC#Hungary#DFC
·mnb.hu·
Student Safe: the Magyar Nemzeti Bank’s retail CBDC pilot project
Preliminary design for the digital shekel system
Preliminary design for the digital shekel system
The Bank of Israel (BOI) published a paper on its preliminary digital shekel (DS) ecosystem design thinking for public and professional community feedback. It covers the basic and advanced user journey, architecture and technical issues, and various aspects of policy, rules, and regulation. A prospective DS will be a universal means of payment that would be free for private users (for businesses, the costs of using it are expected to be significantly lower than existing digital payments). The DS will support offline payments, allowing payments even in situations without network connectivity. Anonymous payments would be possible but in limited amounts. Access to personal identifiable information about user DS balances and activities will not be available to the BOI, but they will be to payment service providers, like with existing digital payment methods.
#CBDC#Fintech#Israel#Offline#DFC
·boi.org.il·
Preliminary design for the digital shekel system
Bank of Russia to postpone digital ruble launch
Bank of Russia to postpone digital ruble launch
The Bank of the Russia has postponed the launch of the digital ruble from July 2025 to a later date to be determined. According to Governor Elvira Nabiullina the central bank needs more time to work out all the details in the pilot and hold all consultations with banks on the economic model that is most attractive to customers. 15 banks, 1,700 citizens and about 30 companies have taken part in the pilot that started in August 2023.
#Russia#CBDC#Fintech#DFC
·cbr.ru·
Bank of Russia to postpone digital ruble launch
Eurosystem expands initiative to settle DLT-based transactions in central bank money
Eurosystem expands initiative to settle DLT-based transactions in central bank money
The European Central Bank (ECB) will expand its initiative to settle transactions on distributed ledger technology (DLT) platforms in central bank money. First, it will develop and implement a safe and efficient platform for such settlements through an interoperability link with the Trans-European Automated Real-time Gross Settlement Express Transfer System (TARGET) system. Perhaps these could include the Deutsche Bundesbank “trigger solution” or the Banca d’Italia’s TARGET Instant Payment System (TIPS) Hashlink solution, both of which were tested in recent ECB-run trials. Second, the ECB will look into a more integrated, long-term solution, perhaps based on the Banque de France wholesale central bank digital currency (CBDC) solution, also tested in the ECB trials. https://www.ecb.europa.eu/paym/integration/distributed/exploratory/html/index.en.html
#ECB#DLT#Settlement#Eurozone#CBDC#wCBDC#Tokenization#Fintech#DFC
·ecb.europa.eu·
Eurosystem expands initiative to settle DLT-based transactions in central bank money
Study on the Israeli Public's Willingness to Adopt a Digital Shekel
Study on the Israeli Public's Willingness to Adopt a Digital Shekel
The Bank of Israel (BOI) published the results of a survey of public willingness to adopt a digital shekel. 34% of respondents showed a very high interest in using a digital shekel (8 to 10 on a scale of 1 to 10), 17% expressed medium-high interest (6 to 7) and 37% showed low interest (1-5). The survey also examined what features of the digital shekel may increase its use.  Prominent among them was customer protection against fraud and system errors, the possibility of remuneration, and zero fees for basic functions.  In contrast, the main concerns raised by the survey participants were cybersecurity and information security risks, difficulty of use, and lack of accessibility for certain population groups.  Unlike findings in some other countries, privacy concerns did not emerge as a dominant issue. Men showed higher interest than women in the digital shekel, and interest was positively correlated with age and with income level.
#CBDC#Fintech#Israel#DFC
·boi.org.il·
Study on the Israeli Public's Willingness to Adopt a Digital Shekel
Ripple revamps website: no mention of CBDC
Ripple revamps website: no mention of CBDC
Ripple has unveiled a major redesign of its website, wiping out any mention of central bank digital currency (CBDC). Ripple said they have a “new look” in its products that reflects a refocus on building for the firm’s “next chapter” with a focus on the “internet of value” and transforming the way value moves around the world. Ripple has been a major player in the CBDC space, launching a complete CBDC and stablecoin platform in 2023, and advising countries like Colombia, Bhutan, Palau, Montenegro in their CBDC projects. In 2023, Ripple launched its CBDC platform for the development of CBDCs and stablecoins. https://x.com/ripple/status/1890489428809863170 https://ripple.com/
#Ripple#CBDC#Stablecoins#CryptoAssets#Fintech#DFC
·u.today·
Ripple revamps website: no mention of CBDC
Namibia: Retail Central Bank Digital Currency Exploration and Roadmap
Namibia: Retail Central Bank Digital Currency Exploration and Roadmap
The IMF published a high-level report on central bank digital currency (CBDC) technical assistance (TA) provided to the Bank of Namibia (BoN) in early 2024. The mission assisted the authorities in establishing the groundwork for a feasibility study and drafting a roadmap for the BoN's CBDC exploration. The mission also reviewed requirements for retail CBDC issuance, including institutional capacity, technology, cybersecurity, and legal foundations. The mission recommended the BoN assess how retail CBDC can improve the payment systems and financial inclusion in Namibia compared to alternative solutions. The authorities are advised to establish a compelling rationale for retail CBDC before embarking on a more resource-intensive undertaking. The mission suggested that the BoN continue developing expertise and capacity in retail CBDC across policy, technology, and legal domains, including through continued engagement with stakeholders. https://www.imf.org/en/Publications/technical-assistance-reports/Issues/2025/02/12/Namibia-Technical-Assistance-Report-Retail-Central-Bank-Digital-Currency-Exploration-and-561985
#Fintech#CBDC#Namibia#IMF#DFC
·imf.org·
Namibia: Retail Central Bank Digital Currency Exploration and Roadmap
Improving instant cross-border payments using CBM settlement
Improving instant cross-border payments using CBM settlement
The Bank for International Settlements (BIS) published an update on Project Rialto, which is exploring connecting instant payment systems (IPSs) across borders using central bank money (CBM) on a tokenized platform and an automated foreign exchange (FX) conversion layer. Such integration raises some specific challenges and design considerations, which will be addressed in the development phase and form an integral part of the project’s contributions to improving cross-border payments. This report identifies the main policy and technical aspects to be considered, with the next steps being to develop at proof of concept.
#BIS#CBDC#Fintech#CrossBorder#Payments#FastPayments#FX#wCBDC#DFC
·bis.org·
Improving instant cross-border payments using CBM settlement
CBDCs: It’s time for action
CBDCs: It’s time for action
The Official Monetary and Financial Institutions Forum (OMFIF) published a report on how central banks’ opinions on issuing a retail central bank digital currency (CBDC) are evolving, based on a survey of 34 central banks. Three-quarters of central bank survey respondents expect to issue a CBDC. Where 34% expect to issue one in 3-5 years, 91% have done or will conduct feasibility studies. Financial inclusion and preserving central bank monetary sovereignty are the leading motivations for emerging market central banks (44%) and developed market central banks (50%), respectively. Previously ranked as the most challenging feature to deliver, 20% of surveyed central banks report improved satisfaction with progress in offline payments, up from 0% in 2023. https://pdf.omfif.org/view/5iNpl1SEj
#CBDC#Fintech#OMFIF#DFC
·omfif.org·
CBDCs: It’s time for action
Wholesale CBDC as a Monetary Policy Tool
Wholesale CBDC as a Monetary Policy Tool
This article explores how central banks can use central bank digital currencies (CBDCs) as a monetary policy tool in countries with rigid exchange rate pegs. One potential consequence of monetary policy under these conditions is an excess of reserves in the banking system, which can be amplified by sudden influxes of foreign capital. irst, it puts pressure on the currency peg. To relieve this pressure, the central bank absorbs foreign liquidity by increasing its foreign reserves. However, this injects local currency into the economy, increasing the money supply and potentially pushing inflation above the target level. Additionally, consistent excessive reserves in the banking system can seize up the interbank market, as banks opt to place excess funds in deposits with the central bank. This dynamic pushes the interbank rate toward the base (policy) rate, creating a stable but sub-optimal situation.
#CBDC#Fintech#wCBDC#MonetaryPolicy#DFC
·linkedin.com·
Wholesale CBDC as a Monetary Policy Tool
The Role of ISO 20022 in CBDCs
The Role of ISO 20022 in CBDCs
In the rapidly evolving world of digital currencies, ISO 20022 emerges as a critical framework that could revolutionize how CBDCs communicate, ensuring seamless interoperability, robust security, and efficient cross-border transactions. By providing a flexible, standardized approach to financial messaging, ISO 20022 holds the potential to transform the global financial landscape, making digital currency exchanges as smooth as sending an email (but with monetary value attached).
#CBDC#Fintech#ISO20022#DFC
·linkedin.com·
The Role of ISO 20022 in CBDCs
R3 and IDEMIA collaborate on offline CBDC payments
R3 and IDEMIA collaborate on offline CBDC payments
R3 has partnered with IDEMIA Secure Transactions (IST) to integrate offline payment capabilities into its digital currency platform. The collaboration aims to support the development of central bank digital currencies (CBDCs) by enabling secure transactions both online and offline on R3’s Corda blockchain-based system. According to R3, the integration allows users to maintain network control while ensuring interoperability across different digital financial networks. https://r3.com/r3-partners-with-idemia-secure-transactions-to-transform-cbdc-payments-both-online-and-offline/
#CBDC#Fintech#Offline#IDEMIA#R3#Blockchain#DFC
·thepaypers.com·
R3 and IDEMIA collaborate on offline CBDC payments
Papua New Guinea progresses CBDC explorations
Papua New Guinea progresses CBDC explorations
The Bank of Papua New Guinea (BPNG) presented the results of its digital kina central bank digital currency (CBDC) proof-of-concept (POC) experimentation. The POC simulated the core functions of a digital currency system and staff from the BPNG, Japan International Cooperation Agency and the Japanese Embassy tested digital payments, and transaction security, under controlled conditions. Further studies will broaden the scope to engage more financial institutions and explore cross-border payments with neighboring countries. https://www.bankpng.gov.pg/central-bank-digital-currency-cbdc-proof-concept
#Fintech#CBDC#PapuaNewGuinea#DFC
·globalgovernmentfintech.com·
Papua New Guinea progresses CBDC explorations
Central bank digital currency reference architecture
Central bank digital currency reference architecture
The International Telecommunications Union (ITU), a specialized agency of the United Nations responsible for matters related to information and communication technologies, published a report that I co-wrote on a central bank digital currency (CBDC) reference architecture. Its aim is to work towards standardizing how different CBDCs can be evaluated and compared. The report was derived from the ITU's earlier work on digital currency ontological work and is organized around the IMF's “ASAP” model that describes digital asset systems in terms of four functional layers - access, service, asset, and platform. The resulting reference architecture is based on, and informed by, recent CBDC launches, pilots and proofs of concept (i.e., it does not consider prospective future architectures).
#CBDC#Fintech#ITU#Kiffmeister#DFC
·itu.int·
Central bank digital currency reference architecture
Deka report shows impact of ECB trials on German tokenization
Deka report shows impact of ECB trials on German tokenization
The Eurosystem’s distributed ledger technology (DLT) settlement trials in digital central bank money was associated with a spike in German tokenization, according to Deka Bank. German digital securities issuance in the second half of 2024 totaled €615 million, compared to a total of €235 million cumulatively in up until then. Cashlink and Smart Registry (Nyala), who tend to use public blockchains (mostly Polygon) , were the most prolific issuers, with almost 90 issues between them in 2024. However, in terms of volume, Deka Bank dominated. Deka Bank hosts its tokenized issuance on the SWIAT platform that uses the permissioned Hyperledger Besu blockchain. https://www.deka.de/site/dekade_deka-gruppe_site/get/params_E-283343169/22365381/Deka%20Digital%20Asset%20Monitor_2024.pdf
#DLT#Eurozone#Tokenization#Germany#Fintech#CBDC#wCBDC#Hyperledger#DFC
·ledgerinsights.com·
Deka report shows impact of ECB trials on German tokenization
Huawei integrates digital yuan into HarmonyOS NEXT for up to 1B users
Huawei integrates digital yuan into HarmonyOS NEXT for up to 1B users
[November 1, 2024] Chinese telecommunications company Huawei inegrated the digital yuan central bank digital currency (CBDC) into its HarmonyOS NEXT operating system. The integration will make the digital currency more accessible and easier to use for up to 1 billion smartphone owners. For example, users will not need to download the digital yuan app to use the CBDC. Huawei developed HarmonyOS after Google “banned” the company in 2019 due to sanctions imposed by the US government.
#Fintech#CBDC#China#DFC
·cointelegraph.com·
Huawei integrates digital yuan into HarmonyOS NEXT for up to 1B users
Digital tenge project second phase results
Digital tenge project second phase results

The National Bank of Kazakhstan (NBK) published an update on the second phase of the Digital Tenge (DT) project, including reporting on testing of five government use case scenarios involving programmable payments. They involved controlling and monitoring the use of funds paid out or lent by the government to support various programs. Two involved payments out of the National Fund for infrastructure projects, and another, investment subsidies for the purchase of agricultural machinery and equipment. Another involved a government microlending program to support farmer livestock purchases, and the fifth one the collection of value-added taxes (VAT). No specific potential full launch dates were given, but 2025 will be the last year in terms of the DT's phased implementation.

#CBDC#Fintech#Programmability#Kazakhstan#DFC
·npck.kz·
Digital tenge project second phase results
Fintech wallets go live in digital rupee CBDC pilot
Fintech wallets go live in digital rupee CBDC pilot
Indian fintech firm CRED become the first fintech to integrate the Reserve Bank of India's central bank digital currency (CBDC) by launching a beta version of its e-rupee wallet. CRED’s e-rupee wallet supports transactions up to ₹10,000 per transfer, with a daily transaction limit of ₹50,000 and storage up to Rs 1 lakh. These will costless to merchants. Future updates will enable programmable merchant payments, CRED Pay integration and PIN-less transactions below ₹500, with access for all CRED members in the coming months. YES BANK facilitates the issuance of CBDC tokens from RBI to CRED. Other non-banking payment service operators (NBPSOs) including PhonePe, AmazonPay, Google Pay, and Mobikwik are also looking to join the e-rupee pilot. https://www.thehindubusinessline.com/money-and-banking/cred-launches-beta-version-of-e-wallet-becomes-first-fintech-to-integrate-rbis-digital-currency/article69149896.ece
#CBDC#DFC
·ledgerinsights.com·
Fintech wallets go live in digital rupee CBDC pilot
Digital Turkish lira benefits and opportunities
Digital Turkish lira benefits and opportunities
The Central Bank of the Republic of Türkiye (CBRT) published an update on its central bank digital currency (CBDC) project launched in 2020 with proof-of-concept studies. The first phase, culminating in a pilot, was completed at the end of 2023. During Phase-2, beyond ongoing R&D activities, the legal, economic and security dimensions of the digital lira are being comprehensively addressed.
#Fintech#CBDC#Turkey#DFC
·tcmbblog.org·
Digital Turkish lira benefits and opportunities