Geopolitical Analyst Nick Giambruno called Nigeria’s eNaira project a “massive failure” while saying the outcome has not been “what the elites hoped for.” The eNaira launched on Oct. 25, 2021, with Pr...
Tag: CBDC
Nigerians Shun eNaira CBDC and Ruling Elite, Favoring ‘Real’ Crypto
The local Nigerian eNaira CBDC has been deployed for just over a year. However, recent figures show that it has not reached its intended recipients, and adoption is extremely low. Nigeria’s central ba...
Singapore’s MAS Starts Wholesale CBDC Project Ubin+ for Cross-Border Payments
While central banks around the world are looking into digital iterations of local sovereign currencies for use by citizens in daily transactions, progress on wholesale CBDCs – that can be built on tec...
Zimbabwe Proceeding With Digital Currency Plans, Central Bank Undeterred By Slow Adoption of Nigerian CBDC – Africa Bitcoin News
Undeterred by the reported slow adoption of the Nigerian central bank digital currency, the deputy governor of the Reserve Bank of Zimbabwe, Innocent Matshe recently said his institution will proceed ...
BIS to Adopt DeFi Implementation in Forex CBDC Markets
In its exploration of blockchain technology, the Bank for International Settlements (BIS), along with the “Eurosystem” – central banks of France, Singapore, and Switzerland will be launchi...
Explainer: What is CBDC?
A central bank digital currency (CBDC) is a digital currency issued by the central bank of a country. It’s under the jurisdiction of the government of that country. Unlike crypto, CBDC is reliant on a...
BIS and multiple central banks to explore CBDC trading and settlement
The Bank for International Settlements (BIS) has announced plans to explore cross-border settlement and trading involving the central bank’s digital currencies (CBDC) powered by decentralized finance ...
Reserve Bank of India (RBI) Launches CBDC Pilot Phase
14 mins ago | 2 mins read Altcoin News The CBDC pilot programme at India’s central bank began earlier today. The RBI has released the digital rupee, commonly known as the e-rupee. Although cryptocurre...
User Privacy and Financial Security Key Principles Guiding CBDC Design Process – Featured Bitcoin News
According to Yi Gang, governor of China’s central bank, the process of designing the country’s digital currency is premised on two principles, the protection of user privacy as well as ensuring “finan...
PBoC reveals key detail about its CBDC
The governor of the People’s Bank of China (PBoC), Yi Gang, has revealed new details regarding the country’s CBDC. During the recent Fintech Week held in Hong Kong, the PBoC governor emphasized on the...
RBI declares its pilot project of Digital Rupee with CBDC
In October 2022, the Reserve Bank of India issued an official concept note to Central Bank Digital Currency (CBDC) regarding tips and guidelines for creating the intended digital currency. The prime p...
Singapore’s MAS says no urgent case for retail CBDC, but launches 4 fast trials of it
The Monetary Authority of Singapore (MAS) has wrapped up the first stage of its Project Orchid examination of a retail central bank digital currency (CBDC). According to the white paper released on Oc...
CBDC Tied to Digital IDs, the Latest in Financial Repression
Central bank digital currencies (CBDC) were once seen by the crypto community as a positive development. However, there could be a more sinister side, especially in the more authoritarian states that ...
Bank of Thailand Continues the Push For a CBDC
The Thai central bank has said that it will continue to push for a central bank digital currency (CBDC) but added that it may take another five years to be deployed. The news that the Bank of Thailand...
Creation Of A CBDC Not Important For The Long-Term Status Of The US Dollar, Says Fed Board Member ⋆ ZyCrypto
Advertisement     The creation of a US Central Bank Digital Currency (CBDC) before other major jurisdictions is not essential for the long-term status of the US Dollar...
Kazakhstan will integrate its CBDC on Binance’s BNB Chain, CZ reveals ⋆ ZyCrypto
Advertisement     Binance CEO Changpeng Zhao (also known online as CZ) has revealed that the company’s team has reached an agreement with the National Bank of Kazakhst...
Thailand Central Bank to Launch CBDC Pilot, But Still Not Keen on Crypto
The central bank of Thailand has announced that it is planning more time to research and develop its central bank digital currency (CBDC). On Oct. 29, local media reported that the Bank of Thailand (B...
Kazakhstan to Integrate its CBDC on BNB Chain, CZ Confirms
Changpeng Zhao – CEO of Binance – revealed that the National Bank of the Republic of Kazakhstan will integrate its central bank digital currency (CBDC) into BNB Chain. The firm has strengthened its pr...
Republic of Kazakhstan to Build CBDC on BNB Chain
The National Bank of Kazakhstan (NBK) will reportedly integrate its central bank digital currency (CBDC) into Binance’s blockchain network, BNB Chain, said Binance CEO, Changpeng Zhao. The country’s c...
Nigerian central bank struggles to push the adoption of its CBDC
Join Our Telegram channel to stay up to date on breaking news coverage Only a few years ago, China came out with the announcement that it is working on creating its own CBDC, a central bank digital cu...
Kazakhstan To Integrate Its CBDC With Binance’s BNB Chain
Binance’s CEO “CZ” on Thursday said the National Bank of Kazakhstan (NKB) plans to integrate its central bank digital currency Digital Tenge with the BNB Chain. Recently, Binance’s team met with Kazak...
Kazakhstan’s CBDC to integrate Binance’s BNB Chain
Binance CEO Changpeng Zhao has announced that the BNB Chain will be contributing to the digital currency (CBDC) being created by the National Bank of Kazakhstan. The Central Asian country has been wor...
Kazakhstan to launch CBDC on BNB Chain
Binance‘s CEO Changpeng Zhao announced that Kazakhstan would start testing its Central Bank Digital Currency (CBDC) Digital Tenge on the BNB Chain (BNB). Looking forward to NBK preparing CBDC use case...
Nigerian CBDC Still Not Widely Used a Year After Launch – Emerging Markets Bitcoin News
On October 25, Nigeria commemorated the first anniversary of the Central Bank of Nigeria’s e-naira, even as more residents continue to snub the digital currency. In a move aimed at boosting the use of...
Binance’s BNB Chain To Be Integrated Into CBDC Of Kazakhstan
Binance CEO Changpeng Zhao revealed that the BNB Chain will play a role in Republic of Kazakhstan’s central bank digital currency (CBDC). The central Asian country has been in the race for a CBDC sinc...
Turkey Prepares to Launch a CBDC in 2023
The Turkish government plans to launch its central bank digital currency (CBDC) by next year. Turkey’s Presidential Strategy and Budget Office reportedly submitted the President’s Annual Plan for 2023...
UAE’s Central Bank Completes Wholesale CBDC Pilot Program
The Central Bank of the United Arab Emirates (CBUAE) said on Wednesday that it has completed the first and the largest wholesale pilot of central bank digital currencies (CBDC) transactions. CBUAE sai...
CBDC: Europe and the US continue to investigate
Central Bank Digital Currencies continue to interest countries around the world, with some like Nigeria having already issued their own CBDCs and others like the US and Europe investigating and procee...
Turkey Central Bank plans to launch a CBDC in 2023 after a year of research and testing
After the year of research and testing the final decision has been made by the central bank of republic of turkey (CBRT) TO LAUNCH CBDC next year The official report also state that “ The Digital Turk...
20 Banks Settled Cross-border Transactions Over $22M through BIS CBDC Project ‘mBridge’
– Advertisement – BIS’ Project mBridge Facilitated 164 FX Transactions Totaling $22M+ in Its 6-Week Pilot Stage. The mBridge Project has demonstrated efficient cross-border settlements, ...