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ConsenSys is going to work the second stage of on Hong Kong Monetary Authority’s ‘Project Inthanon-LionRock,’ which involves designing a proof-of-concept for CBDC’s.

Although the number of supporters has nearly doubled since 2019, over 75% are still not in favour of a digital dollar. Nearly all the participants were aware of crypto but a significant portion also had a low level of financial literacy. This reluctance to adopt a CBDC could widen the lead China has and give them greater dominance over the tech in the future.

The Central Bank of the Bahamas announced that it will begin the gradual national release of its digital currency called the Sand Dollar.

The South Korean central bank is planning to initiate the second stage of its CBDC program with the assistance of a private consultancy firm.

The CBDC Committee News Letter Sep.28th 2020

The CBDC Committee News Letter September 21st, 2020

This paper reviews how European banks will be affected and respond as the rise of digital currencies continue to disrupt existing payment systems.