Kiffmeister’s #Fintech Daily Digest (05/28/2021)*

Riksbank begins cooperation with external participants in e-krona pilot

The Riksbank announced the next phase of its R3 Corda-based distributed ledger technology-based e-krona pilot. This phase will move on from having only simulated participants, to involving external actors (Handelsbanken and TietoEVRY) as participants in the test environment, making it possible for the Riksbank to evaluate the integration between the participants’ existing systems and the technical platform for the e-krona pilot. The Riksbank will, for instance, be testing an integration of the payment flows developed during the first year of the pilot with the participants’ internal systems. 

Bank of Mauritius Plans CBDC Pilot in 2021

The Bank of Mauritius (BoM) is reportedly targeting a year-end rollout for the island nation’s central bank digital currency (CBDC) pilot. It is in the midst of finalizing its position papers and would publish “concrete examples” of its initiatives in the near future. The International Monetary Fund (IMF) has been helping the BoM with its tentative digital currency plans, including advising on possible CBDC designs. Governor Harvesh Seegolam said that while CBDCs come with their advantages, they aren’t likely to replace cash but rather complement the existing monetary system. 

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