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.

ChainCatcher news, according to BitcoinMagazine, former Assistant Secretary of the Treasury and White House Deputy Press Secretary Brian Morgenstern stated that a quarter of Americans own Bitcoin, which is more than those aged 65 and older. President Donald Trump has been working to attract Bitcoin users in his 2024 campaign. At the recent Libertarian National Convention, President Trump vowed to "stop Joe Biden's crusade to crush cryptocurrency," and specifically assured Bitcoin holders that he supports self-custody.Brian Morgenstern said, "President Trump will protect your right to own Bitcoin, mine Bitcoin, trade Bitcoin, and for many of us, the right to work in the Bitcoin industry. We believe he will support Bitcoin miners in helping to fundamentally change the American financial and energy sectors and maintain America's economic leadership in the future. He will ban CBDCs, protect self-custody, and stop out-of-control regulators from trying to bankrupt us. If you are a Bitcoin enthusiast, Trump is the best presidential candidate this year, I dare say, to make Bitcoin great again in the eyes of the U.S. government."

ChainCatcher news, KPMG stated in a report that many forms of digital currencies, such as Central Bank Digital Currencies (CBDCs), tokenized deposits, and stablecoins, are expected to coexist in the financial markets over the next decade. These digital currencies are not a single dominant choice; although their usage may overlap, the report predicts that users will lean towards the most efficient and automated solutions.

ChainCatcher News: The Bank of Japan has just released the "Progress Report on the Central Bank Digital Currency Pilot Program," in which the fourth section includes blockchain as part of new technologies, serving as the infrastructure supporting the currency.

ChainCatcher news, according to Bitcoin Magazine, U.S. Congressman Emmer revealed that House Republicans will pass his proposed anti-CBDC bill this week. Emmer stated, "The concept of central bank digital currency is not only alarming, it is downright contrary to the spirit of America."

ChainCatcher news, House representatives are preparing to vote on two major pieces of cryptocurrency legislation. The "Financial Innovation and Technology Act of the 21st Century" (FIT), initiated by Republican representatives, and an anti-Central Bank Digital Currency (CBDC) bill will be submitted in the last week of May.The 21st Century FIT Act, also known as HR 4763, aims to create a regulatory framework around the cryptocurrency industry. It proposes to allocate oversight responsibilities between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).The anti-CBDC bill, named HR 1122, was introduced by Majority Whip Tom Emmer and aims to prohibit the Federal Reserve from issuing digital currency to consumers. Emmer criticized privacy concerns and government surveillance, arguing that the digital yuan would only exacerbate these issues.