The plans for introduction of the central bank digital currencies (CBDCs) have been around for some time now. Even as efforts are on in various central banks including the Fed, influential leaders con...
Tag: CBDC
Candidate For U.S Senate Bryan Solstin Showcases Strong Rejection of CBDC
Editors News Without the backing of politicians, it’s uncertain whether a CBDC will go forward. The senate candidate deemed CBDC as “slave currency.” Many nations are developing CBDCs, and some have a...
Central Bank of Chile Delays Launch of CBDC in the Country Till Year End
2 hours ago | 2 mins read Editors News A preliminary review of a Chilean CBDC was included in a May 11 report from the bank. Cryptocurrencies are not banned in Chile, but the government is concerned. ...
Chile puts CBDC plans on hold
Chile’s plan to start to its digital peso rollout in early 2022 has been held back Central bank wants to conduct more analysis to inform a new report They plan to roll out the CBDC by the end of 2022 ...
Chile Postpones CBDC Launch Citing Need for More Analysis of Benefits
The Central Bank of Chile will delay issuing its central bank digital currency (CBDC), the digital peso, pending further research. Last Sept, the bank gave the green light to develop a centralized dig...
Public support needed for Bank of Israel to send off its CBDC project
Digital shekel’s send off in Israel has irked many investors and citizens in the country Regardless of the way that it actually hasn’t pursued a last choice on the send off of CBDC Israel’s national ...
Tanzania Closer to Launching a CBDC – Emerging Markets Bitcoin News
Tanzania is getting closer to launching a central bank digital currency (CBDC) which gives the country’s residents a “safe alternative,” the central bank governor has said. However, no date for the di...
Chile halts plans to unveil CBDC this year 1
Chile has announced that it will halt a further move to release its CBDC to carry out more research into the project. According to the central bank in the country, debuting a CBDC takes a great deal, ...
Bank of Israel Moves a Step Closer to Introduce CBDC in the Country
3 hours ago | 2 mins read Altcoin News At the end of 2017, the Central Bank began considering the CBDC project. It did not perceive a risk of “erosion” to its banking system. The central Bank of Israe...
Central Bank of Israel Considering CBDC – Coinpedia – Fintech & Cryptocurreny News Media
Recent research by the Bank of International Settlement revealed that nine out of ten central banks are working on the CBDC project, as digital currency projects are on the top priority list in the co...
Israeli central bank yet to make decision on pursuing CBDC despite public support
The central bank of Israel has yet to decide whether to create a digital version of its fiat currency shekel, despite the public supporting the notion, Reuters reported. Bank of Israel considering CBD...
Nigeria Upgrades e-Naira CBDC, Bid to Abolish Crypto
CBN upgrades its CBDC, e-Naira. Urges the usage of e-Naira over fiat currency. All financial assistance from the Nigerian government to be in e-Naira. The play of Central Bank Digital Currency (CBDC)...
Nigerian CBDC Wallet Update to Enable Utility Payments, USSD Functionality to Be Added – Featured Bitcoin News
The Nigerian central bank digital currency (CBDC) wallet app is set for an update that will see users given the ability to pay for utilities like pay television and for topping up airtime. The additio...
Nigeria To Upgrade CBDC For Wider Use As Crypto Restrictions Cripple Fintech Sector
Africa’s largest economy and most populous country “Nigeria,” launched the continent’s first digital currency, the e-Naira, back in October 2021. The Central Bank of Nigeria (CBN) carries over plans t...
Nigeria upgrades CBDC as crypto restrictions cripple fintech industry
The Central Bank of Nigeria (CBN) is moving ahead with plans to upgrade the country’s central bank digital currency (CBDC) to be used on a wider range of goods and services. It is also maintaining har...
Central Bank Unsure About CBDC Despite Growing Public Support
Israel’s central bank said it had received public support for its plans to introduce a digital currency in the belief it would boost the economy. The Bank of Israel (BOI) first considered launching a ...
The Bank of Tanzania to Introduce CBDC, Strengthening Domestic Payment System
The Bank of Tanzania is actively introducing a Central Bank Digital Currency (CBDC) to strengthen the domestic payment system. Bank of Tanzania Governor Florence Luoga said in an interview on Monday i...
Nigeria to boosts CBDC as cryptocurrency limitations stifle the fintech industry
The Central Bank of Nigeria (CBN) is working on plans to upgrade the country’s central bank digital currency (CBDC) so that it may be used on a wider range of items and services. In addition, it is co...
IMF recommends the Bahamas ‘accelerate its education campaigns’ on CBDC
The International Monetary Fund, or IMF, has turned its attention to the Bahamas’ central bank digital currency (CBDC), the Sand Dollar, and suggested additional regulatory oversight and education. Re...
Central Bank Of Philippines to Pilot Test CBDC in Q4
The governor of the Philippine central bank said in an interview that they are negotiating with various banks and financial institutions to conduct a pilot test of a central bank digital currency (CBD...
BIS: 95% of World Central Banks Into CBDC
BIS initiates a survey of central banks. Approximately 95% of central banks are into CBDC. The next two years will witness the launch of numerous CBDCs. Once apparently neglected, criticized, and rid...
Number of central banks involved in CBDC jumps 14%, BIS reports
The creation of central bank digital currencies (CBDCs) was one of the most notable stories in blockchain and cryptocurrency in 2021, even if CBDCs aren’t always linked to blockchain or decentra...
Ex-Fed vice-chair Quarles has lost none of his fervor in opposing US CBDC
Former United States Federal Reserve vice-chair for supervision Randal Quarles discussed central bank digital currencies (CBDC) and the chances of the U.S. adopting such technology in an interview on ...
Chinese Citizens Get Virtual Yuan As Part Of The CBDC Tests
The Chinese government issued 10 million digital Yuan to Shenzhen residents in October 2020. The red packets might have been used in fewer than 5,000 retailers in that promotion, yet they were used in...
Argentinian Government Advances the Creation of a National CBDC – News Bitcoin News
The Argentinian government has taken the first steps in the launch of its own central bank digital currency (CBDC). A new decree identified the number 207/2022 gives new faculties to the Argentinian m...
As A Part Of CBDC Testing Chinese Residents Receive Digital Yuan
Shenzhen residents are all set to receive digital Yuan worth $2.29 million as part of the Central Bank Digital Currency (CBDC) testing. The Chinese government will be giving these 15 million Yuan in C...
Canada’s Conservative Leadership Contender Vows to Audit the Central Bank, Says No CBDC Needed
Canada’s Conservative leadership candidate Pierre Poilievre said a digital currency should not be introduced by the central bank as it should only be left to the private sector. The candidate was also...
Chinese cities accept CBDC for tax payments 1
TL; DR Breakdown Cities in China accept CBDC for tax payments China set to test digital yuan at Asian Games Chinese cities airdrop digital yuan to residents The thought process behind creating Central...
China’s residents to receive 15 million in digital yuan as part of government’s CBDC giveaway
The People’s Bank of China (PBOC), China’s central bank, is continuing to test its central bank digital currency (CBDC) with yet another digital yuan giveaway. The government of Shenzhen’s Futian dis...