ChainCatcher news, according to DL News, the interest of central banks in using central bank digital currencies to enhance cross-border payments is waning. According to the OMFIF 2024 Payments Future Survey, instant payment systems are becoming the preferred solution. Currently, only 13% of respondents believe that CBDC networks are the most promising approach, a significant drop from 31% last year.

ChainCatcher news, according to Jinshi reports, the Governor of the Reserve Bank of India, Shaktikanta Das, stated that the central bank is not in a hurry to launch the central bank digital currency (CBDC), and there is currently no specific release date. He pointed out that the CBDC project is still in the implementation phase. There is a noticeable increase in market interest in central bank digital currencies (CBDC), especially in the area of cross-border payments.

ChainCatcher news, according to Cryptonews, the Norwegian central bank is advancing its research on central bank digital currency (CBDC) and plans to make a related decision by the end of 2025. Although the European Central Bank is preparing for digital currency, Norway has stated that it is not in a hurry to accelerate the process.According to Norway's Deputy Governor Pål Longva, Norway's research on CBDC is in line with other central banks, with the current focus on assessing complex issues. Norway is known for its leading position in digital payments, and although cash usage declined during the pandemic, it has recently stabilized.

ChainCatcher news, the Chief Executive of the Hong Kong Special Administrative Region, John Lee, stated that the government will continue to promote the policy stance and guidelines for innovative financial services applications of central bank digital currency, mobile payments, virtual banks, virtual insurance, and virtual asset trading using artificial intelligence.Measures include: 1. Promoting the application of central bank digital currency for cross-border payments. The Hong Kong Monetary Authority is actively testing and exploring more technological solutions and scenarios related to cross-border trade settlement on various central bank digital currency cross-border networks, and expanding the participation of public and private institutions. 2. Improving the regulation of virtual assets and trading. The Financial Services and the Treasury Bureau will complete the second round of consultation on the regulation of over-the-counter trading of virtual assets and submit a virtual licensing system to regulate virtual asset custodial service providers. 3. Promoting the tokenization of real-world assets and the digital currency ecosystem. The Hong Kong Monetary Authority is promoting the progress of the Ensemble project.

ChainCatcher news, according to Cointelegraph, the International Monetary Fund (IMF) has released a report titled "Inclusive Strategies for the Adoption of Central Bank Digital Currencies for Intermediaries and Users." The report recommends implementing inclusive strategies for intermediaries and end users. It introduces a high-level framework of Regulation, Education, Design, and Incentives (REDI) to help promote the adoption of CBDCs.IMF staff stated that the successful adoption of CBDCs requires proactive strategic policies and design choices that benefit end users and intermediaries. Therefore, they urge central banks to focus on stakeholder engagement.The REDI framework was developed by IMF staff to assist central banks in improving the adoption of CBDCs.

ChainCatcher news, Assistant Governor Jones of the Reserve Bank of Australia stated that an industry project will be launched regarding central bank digital currency (CBDC) at the wholesale level and tokenized commercial bank deposits. This is part of a three-year digital currency research project.The Reserve Bank of Australia will prioritize wholesale central bank digital currency. Wholesale central bank digital currency has greater economic benefits compared to retail central bank digital currency. The introduction of retail central bank digital currency will be decided by the Australian government and requires legislation. (Jin Ten)

ChainCatcher News: Former U.S. President Trump stated at the Bitcoin 2024 conference that there will never be a central bank digital currency (CBDC) during my presidency, and he will order the Treasury to stop the creation of central bank digital currencies.

ChainCatcher News, U.S. Senator Cynthia Lummis stated on social media that Bitcoin and digital assets are the future.Her main agenda includes: banning retail central bank digital currencies; clearly protecting self-custody Bitcoin wallets; restoring the dominance of the U.S. dollar in the 21st century. Previously, she mentioned on a FOX News program that "having Bitcoin reserves can help keep the dollar strong."

ChainCatcher News, Taiwan has established a prototype platform for central bank digital currency. The Central Bank of Taiwan will continue to research and develop central bank digital currency, planning to hold multiple hearings and forums next year. Reports indicate that the central bank has developed a CBDC prototype platform with a two-tier issuance structure. The initial CBDC will not accrue interest, and the CBDC wallet may include both anonymous and registered types.

ChainCatcher news, according to The Block, the Central Bank of the Bahamas is developing regulations requiring commercial banks to provide access to its central bank digital currency.John Rolle, the Governor of the Central Bank of the Bahamas, stated that the adoption of the Sand Dollar (the CBDC launched by the Bahamas in 2020) is still limited, so the government is formulating regulations to effectively compel commercial banks to issue the central bank digital currency to promote its adoption.

ChainCatcher news, according to Bitcoin.com, last Sunday, Iran officially launched its central bank digital currency (CBDC), aimed at simplifying transactions within the country's banking system. The pilot project will start in July on Kish Island, involving Iran's two major banks, Mellat and Tejarat, and will focus on retail transactions.It is reported that the introduction of the digital rial is part of Iran's strategy to strengthen its digital economy and payment infrastructure.

ChainCatcher news, according to Bitcoin.com, the financial company Parfin, focused on crypto and blockchain, announced the creation of a new platform called Rayls, aimed at enhancing the privacy of Brazil's central bank digital currency (CBDC) drex. The solution is capable of operating in a permissioned manner, where each account interacting with the system is required to go through a KYC process.It is reported that this platform also includes the Rayls public chain, which can interact with Ethereum L2 and other open cryptocurrency projects. Parfin pointed out that this duality may alleviate the integration of regulated entities such as banks and other institutions from the traditional financial world with the DeFi space.

ChainCatcher news, according to Bitcoin.com, the Federal Accounting Standards Advisory Board (FASAB) of the United States recently released a Technical Bulletin (TB) clarifying the accounting and reporting standards for seized and forfeited digital assets. It stated that seized cryptocurrency should be regarded as "nonmonetary property," while central bank digital currency (CBDC) should be considered a monetary instrument.FASAB noted that cryptocurrencies "typically do not possess all the characteristics of money," emphasizing that they "cannot effectively serve as a unit of account, medium of exchange, or store of value." The announcement further suggested that reporting entities use "the publicly observable active market for specific digital assets" to determine the market value of seized and forfeited digital assets, and pointed out that management should exercise judgment in selecting the most appropriate valuation market.It is reported that FASAB is responsible for establishing and issuing accounting standards for the U.S. government.

ChainCatcher news, the Central Bank of Iran (CBI) has announced the launch of a pilot program to introduce the country's Central Bank Digital Currency (CBDC) on Kish Island in the south. The CBI stated on Tuesday that starting from June 21, bank customers and visitors in Kish will receive digital rials.This launch expands the pilot program that began in May 2023, involving collaboration with Iran's Tejarat and Mellat banks. The digital rial will be used for retail transactions, including the purchase of goods and services. Iran initiated its digital currency program in 2021 after preliminary research and approval from the country's High Monetary and Credit Council.

ChainCatcher news, according to Bloomberg, Swiss National Bank Governing Board member Antoine Martin stated that the Swiss National Bank has decided to continue the pilot issuance of central bank digital currency for at least another two years. Antoine Martin said on Thursday after the Swiss National Bank's interest rate decision in Zurich that the project, which started last December and is planned to end on June 30, has been "very successful." Therefore, the project will continue to expand.

ChainCatcher news, according to CoinDesk, based on a survey released by the Bank for International Settlements (BIS) on Friday, an increasing number of central banks are exploring Central Bank Digital Currencies (CBDCs). Among the 86 banks participating in the survey, 94% indicated that they are researching a digital version of their national currency. In a survey conducted by the Bank for International Settlements in 2021, 90% of the 81 banks surveyed stated that they were conducting related research.The surveyed banks also indicated that they are more likely to issue wholesale CBDCs rather than retail CBDCs in the next six years. The wholesale version will be accessible only to banks and financial institutions, while the retail version will be available for public daily use.