Tags: CBDCs

The use of digital assets has increased in society and the financial system at large and can no longer be ignored. After considering the many advantages of technological advancement, financial institutions have begun investigating how to include the technology backing digital assets into the current economic system. As such, the rise of privately issued currencies has prompted central banks worldwide to explore a central bank-issued digital currency. 

The Bank of Korea shortlisted three regions for potential CBDC testing next year, and the country’s capital ​​Seoul was not on the list.

Brazil‘s CBDC pilot project welcomes prominent companies, including Microsoft, Visa, Santander, and local banking institutions.

Florida Gov. Ron DeSantis explains state‘s CBDC "ban." (CoinDesk screen grab from governor‘s office video)