Nigeria’s digital currency eNaira has reportedly reached 270,000 users as recorded transactions hits N4 billion (approx. $10 million) since its launch in October 2021. The CBN Governor Godwin Emefiele...
Tag: CBDC
Federal Reserve governor pumps the brakes on US CBDC in favor of FedNow
A leader at the Federal Reserve is pumping the brakes on speculation surrounding crypto engagement from the regulator. In an August 17 speech, Federal Reserve Governor Michelle Bowman took issue with ...
Nigeria seeks to increase adoption of the eNaira CBDC
Nigeria seeks to increase adoption of the eNaira CBDC. Currently, there are 840,000 active users, and the African state has set a goal to increase that number by 10x within the next 12 months. Nigeri...
This African Country Has Close to 1 Million CBDC Users
The African nation of Nigeria has seen a good response for its central bank digital currency (CBDC) e-Naira! Since its launch in October 2021, e-Naira has onboarded 840,000 users and is very close to ...
Colombia Moves To Explore CBDC, Crypto Daily TV
In Todays Headline TV CryptoDaily News: Columbia moves to explore CBDC. Colombia has taken a giant step to boost its participation in crypto activities.The government has commenced plans to launch a C...
Columbia moves to explore CBDC
The Columbia government has commenced plans to launch a Central Bank Digital Currency (CBDC). Colombia’s tax agency director, Luis Carlos Reyes, made this known in a media statement on Tuesday. Accord...
UK Group to Run Pilot Retail CBDC, Providing Data to Bank of England
A UK-based cross-industry group known as the Digital FMI Consortium – Digital Financial Market Infrastructure (DFMI) – was launched on Wednesday to validate CBDC use cases that are expected to deliver...
Fed Governor Touts FedNow as Alternative to CBDC
Key Takeaways Governor Michelle Bowman said today that the Federal Reserve’s FedNow service could be ready by mid-2023. She suggested that the payments service addresses the need for a central b...
Why Colombia Will Create CBDC To Reduce Tax Evasion
The Colombian government contemplates deploying a central bank digital currency (CBDC) to mitigate tax evasion. The country recently went through a change of government, and the new Gustavo Petro-led ...
Last Week [In] Crypto: CFTC Bans Betting Platform From US Election Wagers, Nepal Looks to Launch CBDC
Last week, the Commodity Futures Trading Commission (CFTC) ordered the PredictIt gambling site to cease operations for failing to follow guidelines. Be[In]Crypto has gathered some of the most importan...
Reserve Bank of Zimbabwe ‘Developed a Roadmap for Adoption of CBDC,’ Says Governor – Coinotizia
The governor of the Zimbabwean central bank, John Mangudya, recently said his organization “has developed a roadmap for adoption of CBDC [central bank digital currency] in Zimbabwe.” Mangudya also rev...
Russia in Plans of Introducing Targeted CBDC as Digital Rubles by 2023
The targeting technique, or coloring, as it is commonly known, would boost the effectiveness of government expenditure, according to the central bank. An implementation schedule for the CBDC was...
Reserve Bank of Zimbabwe ‘Developed a Roadmap for Adoption of CBDC,’ Says Governor – Fintech Bitcoin News
The governor of the Zimbabwean central bank, John Mangudya, recently said his organization “has developed a roadmap for adoption of CBDC [central bank digital currency] in Zimbabwe.” Mangudya also rev...
Built to fall? As the CBDC sun rises, stablecoins may catch a shadow
There’s a ferment brewing with regard to central bank digital currencies (CBDCs), and most people really don’t know what to expect. Varied effects seem to be bubbling up in different parts of the worl...
The Deputy Minister Of Digital Transformation Says Ukraine Should Launch A CBDC
– Advertisement – Alex Bornyakov is in support of a digital hryvnia. In a four-tweet thread on Friday, Ukraine’s Deputy Minister Of Digital Transformation, Alex Bornyakov, argues that Ukra...
Russia May Introduce “Targeted” CBDC by 2023
Key Takeaways The Bank of Russia announced in a report today the possibility of designing some digital rubles in a way that they could only be used for specific purchases. The central bank expects a d...
Australia: new project to test a CBDC
The Reserve Bank of Australia (RBA) has announced the launch of the pilot project to test the issuance of a CBDC (Central Bank Digital Currency). Australia launches pilot project to test a CBDC Tests...
Reserve Bank of Australia initiates research project on CBDC
The Reserve Bank Of Australia (RBA) has announced plans to explore possible use cases for its proposed Central Bank Digital Currency (CBDC). The financial institution will work on the study program wi...
Reserve Bank of Australia Set to Initiate One-Year CBDC Pilot Program
The RBA has announced plans to conduct a yearlong pilot research phase for CBDC applicability in Australia. The Reserve Bank of Australia (RBA) is launching a pilot to explore use cases of a CBDC (Cen...
The Reserve Bank of Australia to explore use cases for CBDC
The Reserve Bank of Australia weighs in the central bank digital currencies (CBDCs) race to explore use cases for a CBDC in the country. It will collaborate with the Digital Finance Cooperative Resear...
Australia starts 1-year pilot to explore CBDC use
The Reserve Bank of Australia has entered the race to investigate potential use cases for a CBDC in the country. Australia is weighing in on the debate over central bank digital currencies (CBDCs). Th...
Reserve Bank of Australia Rolls Out CBDC Pilot Project
The Reserve Bank of Australia (RBA) has launched a year-long trial to explore a central bank digital currency’s (CBDC) business models and innovative use cases. The Australian central bank highl...
Australia Announces Year-Long Trial to Evaluate CBDC Use
The Reserve Bank of Australia (RBA) has announced a one-year research program into the pros and cons of a central bank digital currency (CBDC). The RBA announced that it will partner with the Digital ...
RBA to Explore CBDC Use Cases in Australia via Research Pilot
The pilot project is expected to take one year and will invite industry participants to develop specific use cases Australia will join a growing list of other countries exploring CBDCs at the pilot st...
The Bank of Thailand Will Launch Retail CBDC Pilot Test in a Small Group by the End of This Year
HodlX Guest Post Submit Your Post The rise of digital currencies has attracted the attention of central banks around the globe. Many central banks around the world, including the Bank of Thailand (...
Nepal prepares to launch a CBDC after conducting a feasibility study
The central bank of Nepal, the Nepal Rastra Bank (NRB), is preparing to launch a national digital currency. A task force in the country has proposed several legal changes that will see Nepal’s central...
Bank of Thailand to pilot retail CBDC by the end of 2022
The Bank of Thailand has announced it will be extending the scope for developing its central bank digital currency (CBDC). This process will be followed by launching the country’s wholesale CBDC proje...
Bank of Thailand to Start Retail Test for its Retail CBDC
The Central Bank of Thailand also known as the Bank of Thailand (BOT) plans to begin the trial of its Central Bank Digital Currency (CBDC) in a retail setting. According to the Deputy Governor of the...
The Bank of Thailand to Launch Retail CBDC This Year End
6 seconds ago | 2 mins read Altcoin News Only a small number of people will be chosen to participate in the assessment. CBDC retail is the digital form of money or currency distributed by the Central ...
Thailand reveals new CBDC plans
The Bank of Thailand (BOT) has announced plans to assess the risks and benefits of setting up policies and enhancing the Central Bank Digital Currency (CBDC). As revealed, the BOT aims to expand the s...
The Bank of Thailand to pilot Retail CBDC by the end of 2022
On top of its wholesale central bank digital currency (CBDC) projects and proof-of-concept Retail CBDC testing with corporates, the Bank of Thailand (BOT) will extend the scope of CBDC development aim...