Central Bank – Page 137

Sweden’s central bank completes first phase of digital currency pilot

The Sveriges Riksbank said that CBDC technology still requires further investigation.

The first phase of Japan’s CBDC pilots will be completed by March 2022, the central bank states.

Thailand’s central bank is calling for public comments on its proposed plan to launch a sovereign digital currency within the next five years.

The ECB will decide whether to proceed with digital euro pilots by mid-2021, Lagarde said.

The digital ruble will become an integral part of national settlements by 2023 or 2024, Anatoly Aksakov of the Russian State Duma predicted.

Following cybersecurity assessments, commercial institutions are being cleared to issue the world’s first CBDC — the Bahamas’ Sand Dollar.