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Central Bank of Brazil Issues Guidelines for Its CBDC
The Central Bank Of Brazil, the highest monetary authority of the country, has released a note listing the general guidelines for the design of a hypothetical central bank digital currency (CBDC) for the country. While there are still no concrete steps taken in this direction, at least the document recognizes there have been discussions about this possibility in the institution.
Central Bank of Brazil Issues General CBDC Guidelines
The Central Bank of Brazil, the economic authority of the South American country, has released a document where it specifies the general guidelines of a future Brazilian central bank digital currency (CBDC). The note, titled “Banco Central do Brasil releases general guideline for a Brazilian CBDC,” details the characteristics and traits that a hypothetical CBDC emitted by the institution will have in the future.
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This partnership will enable customers to use their Island Pay wallet to have food delivered through the Bahama Eats app. Customers can simply download the Bahama Eats app via Google Play or the App Store, create an account and make their purchases.
published : 25 May 2021 at 04:00
Central banks in Thailand and Hong Kong have the most mature interbank/wholesale central bank digital currency (CBDC) project in the world, according to a new report by PwC.
The PwC Global CBDC Index 2021 analyses central banks level of maturity in deploying their own digital currency, including tracking their progress and stance on CBDC development.
The index ranks the world s most advanced CBDC projects in terms of retail CBDCs held directly by corporations and citizens, and interbank/wholesale CBDCs restricted to financial institutions for interbank payments and financial settlement processes, according to Vilaiporn Taweelappontong, consulting lead partner and financial services leader for PwC Thailand.