The initiative builds on the central bank’s Project Ubin, an initiative that explored ... and Project Dunbar, a multi-CBDC platform for international settlements. MAS said it will bring forth ...

The MAS began its Project Ubin to explore CBDC in 2017. The NYIC was established in partnership with the Bank of International Settlements Innovation Hub in 2021.

The Monetary Authority of Singapore (MAS) started a new initiative called Ubin+ aimed at exploring the use of central bank digital currency (CBDC) for cross-border currency transactions.

The report is part of the Fed and MAS's ongoing joint Project Cedar/Project Ubin research. By Nikhilesh De Updated May 19, 2023, 3:22 p.m. Published May 19, 2023, 1:41 a.m.

Progress on central bank digital currencies has been relatively slow. But a flurry of tests near the end of the year suggest CBDC initiatives are improving their pace, as central banks try to ...

Working on digital transformation by busting boundaries. Vipin Bharathan: You have established a CBDC Think tank, could you elaborate on the aims of the CBDC Think tank? Jamiel Sheikh: The ...

McHenry’s (R-NC) broader legislation. Setting aside which members support broader crypto bills, stopping the Fed from issuing a CBDC should not be the partisan issue it is becoming. A CBDC gives ...

This paper analyzes the legal foundations of central bank digital currency (CBDC) under central bank and monetary law. Absent strong legal foundations, the issuance of CBDC poses legal, financial and ...

This week, the House of Representatives will vote on legislation sponsored by House Majority Whip Tom Emmer (R-MN) called the ...

The author and editors take ultimate responsibility for the content. A central bank digital currency (CBDC) is a digital version of government-backed, fiat money. This type of digital currency is ...