Hong Kong Monetary Authority identifies three use cases where CBDCs can add unique value to payments

Tokenization of real estate assets figure showing one of Hong Kong Monetary Authority's use cases for CBDC

The Hong Kong Monetary Authority (HKMA) has completed the first phase of Project e-HKD to develop a digital Hong Kong dollar and in the process has identified three use cases where the adoption of a central bank digital currency (CBDC) could facilitate faster, more cost-effective and inclusive payments and enable new types of economic transactions... More



European Central Bank launches next phase of digital euro project

Digital euro symbol and words

The European Central Bank (ECB) has completed the initial two-year investigation phase of its digital euro project and will now implement a two-year preparation phase that will cover the finalisation of a digital euro rulebook, the selection of providers to develop a digital euro platform and infrastructure, as well as testing and experimentation across a range of use cases for the central bank digital currency (CBDC)... More









European Central Bank lays out design options for digital euro

European Central Bank

The ECB has laid out a series of design and distribution options for a digital euro that describe how the Eurosystem and supervised intermediaries such as commercial banks would operate in order to issue, distribute and settle transactions made using the proposed central bank digital currency. More






What's New in Payments

BIS reports on CBDCs in emerging markets

BIS graph showing motivations for CBDC projects in emerging market economies

Providing a cash-like digital means of payment, increasing private digital payment services, supporting financial inclusion and achieving greater payment system efficiency are among the key motivations driving initiatives to develop central bank digital currencies (CBDCs) in emerging market economies around the world, according to a Bank for International Settlements (BIS) report... More



Digital Identity Working Group lays out principles for interoperable digital identity systems

Digital Government Exchange (DGX) 400W

The Digital Identity Working Group (DIWG), made up of digital identity specialists from eight Digital Government Exchange (DGX) member states across the world, has identified 11 core principles to support international collaboration on the development of mutually recognised and interoperable digital identity systems and infrastructure... More