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The pilot eAUD program is unique in that the Reserve Bank of Australia has not proposed use cases, and has received numerous suggestions from the industry.

The Digital Money Institute’s third annual payments report looks at central bank digital currencies for the first time, as well as other payment methods, through the lens of cross-border payment utility.

The Bank of Spain said the study can help determine to what extent it can adapt to the “needs and demands of an increasingly digital society.”

Iran’s plan to freeze bank accounts reinforces the need for decentralized currencies to exist with cash and CBDCs.

The American Banking Banking Association highlighted that a CBDC issued by the U.S. Federal Reserve lacks “compelling use cases.”

The limits set by the Central Bank of Nigeria are part of a broader push to encourage digital financial transactions.

While CBDCs will cater to local demands, cooperation between countries could facilitate and support the widespread adoption of readily-available stablecoins.

“Collaboration and synergy on national and international level is critical to the development of Digital Rupiah,” said Perry Warjiyo.

The State Bank of Pakistan signed in new laws for Electronic Money Institutions — non-bank entities offering digital payment instruments — to ensure the timely issuance of a CBDC in the next three years.

Central bank governors from around the world are currently in Thailand to discuss the role of central banks amid evolving financial technology. Eddie Yue, chief executive of the Hong Kong Monetary

Hong Kong central bank executive looked optimistic about the future of decentralized tech, while the Korean central bank governor has his doubts in the wake of the recent crypto contagion.

The Digital Dollar Project and the Depository Trust & Clearing Corporation have trialed a potential settlement system using tokenized securities and central bank digital currencies.

A clear principles-based regulatory approach to the digital assets sector could be a huge benefit to the Australian economy according to the report.

Retail version of the e-rupee will be issued as tokens in same denominations as cash