CBDC News

In a Digital Currency Research Institute, said the central bank is exploring using blockchain at the issuance layer of its central bank digital currency (CBDC).

China is pretty advanced in its CBDC pilots, but its core digital yuan system is centralized. It’s a two layer system with the central bank controlling the core layer using conventional technologies and banks acting as intermediaries in the same way they do for cash. And banks can use smart contracts for programmable money.

In Depth: Fnality, the global blockchain payments system backed by Nasdaq, 14 global banks - Ledger Insights - enterprise blockchain An in depth look at Fnality which runs the blockchain payments system formerly called Utility Settlement Coin. Explores the purpose and roadmap