Tag "central bank digital currency (CBDC)"

Central Bank Digital Currencies Not a Silver Bullet for Financial Inclusion, BIS

While central bank digital currencies (CBDCs) have the potential to increase financial inclusion by lowering financial access barriers, they aren’t a silver bullet and must be part of a broader suite of tools and strategy that focuses on promoting universal

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“No Pressing Need” for a Digital Singapore Dollar Despite Benefits

There is “no pressing need” for a retail central bank digital currency (CBDC) in Singapore at this point in time, but market shifts and changing customer expectations are nevertheless forcing the central bank to prepare for a possible issuance in

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Vietnam’s Prime Minister Calls for Pilot of Central Bank Backed Digital Currency

Vietnam’s Prime Minister Pham Minh Chinh is asking the State Bank of Vietnam (SBV) to study and carry out a pilot implementation for a digital currency powered by blockchain technology in the 2021-2023 period. The surprise move came in the

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DBS Report Looks at Digital Assets’ Buoyant 2021 First Quarter

Digital assets, including cryptocurrencies, non-fungible tokens (NFTs) and central bank digital currencies (CBDCs), are having an exciting year 2021, with many developments and booming adoption witnessed in Q1’21, DBS’ latest quarterly update on digital assets outlines. In Q1’21, digital assets

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DBS’ Report: Asia at the Forefront of the Digital Currency, Payments Revolution

Asia is the largest market for digital payments and will maintain its leading position with an estimated 16% compounded annual growth (CAGR) rate through the first half of this decade, according to a new report by Singapore’s DBS Bank. In

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Philippines Central Bank Joins Digital Currency Race

Bangko Sentral ng Pilipinas (BSP), the Philippines’ central bank, has created a committee to look at the feasibility and policy implications of issuing its own digital currency, governor Benjamin E. Diokno said on July 29. “We have to first look

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Where Does The Future of Payments Lie For South East Asia?

The payment space in South East Asia is a hotbed for innovation with many players vying for a piece of the action, we’re seeing many exciting things happening in this space from interoperable QR payments to central bank-backed digital currencies.

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