entral bank digital currencies (CBDC) Current Affairs, GK & News

Australia, Malaysia, Singapore and South Africa launch CBDC Scheme

Central banks in Australia, Singapore, Malaysia and South Africa launched a Central Bank Digital Currencies (CBDC) Scheme on August 2, 2021. Key Points CBDC scheme is a cross border payments trial that uses different central bank digital currencies (CBDC) in order to assess if this allows transactions to be settled in a cheap and easy ..