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China, Hong Kong, Thailand, and UAE Trial Cross-Border Transactions With Digital Currencies

China, Hong Kong, Thailand, and UAE Trial Cross-Border Transactions With Digital CurrenciesThe monetary authorities of four jurisdictions in Asia have carried out tests with international settlements using state-issued digital currencies. Cross-border payments and foreign exchange transactions totaling over $22 million were made as part of the pilot project with the participation of the Bank for International Settlements. Asian Central Banks Pilot Real-Value International Settlements With Digital […]

Bank of Japan keeps interest rates unchanged for third straight meeting

G7 Finance Ministers and Bankers Adopt Guidelines for Central Bank Digital Currencies

G7 Finance Ministers and Bankers Adopt Guidelines for Central Bank Digital CurrenciesAny digital currency issued by a central bank must support financial and monetary stability, finance leaders from G7 member states have insisted. State-issued coins should also ensure privacy, transparency, and data protection, the officials stated. The forum adopted 13 public policy principles for retail digital currencies and stressed that “CBDCs are not ‘cryptoassets.’” CBDCs Must […]

Bank of Japan keeps interest rates unchanged for third straight meeting