Juhi Mirza · 1 hour ago · 1 read
Crypto-loving Nigeria to launch eNaira stablecoin today
Weeks after its postponement, President Muhammad Buhari will officially launch the Nigerian Central Bank Digital Currency, eNaira, at the State House, Abuja, today.
Could the proposed US ‘digital dollar’ be self-annihilating? Edward Snowden seems to say so
Former Central Intelligence Agency (CIA) and National Security Agency (NSA) subcontractor and whistleblower, Edward Snowden, who recently published an opinion article concerning central bank digital currencies (CBDCs), continued to discuss the danger behind their adoption on Twitter.
US Federal Reserve would soon release ‘detailed plans’ for a digital dollar
In a new move that is set to change the dynamics of the financial industry in the United States, the country’s Federal Reserve is set to release detailed plans that will guide the process of reviewing the risks and benefits attached to issuing a central bank digital currency (CBDC), a report on Wall Street Journal […]
Ripple to partner with the Royal Monetary Authority of Bhutan for CBDC development
Bhutan’s central bank, the Royal Monetary Authority (RMA), has partnered with Ripple to use its infrastructure to pilot a central bank digital currency.
ConsenSys among 15 firms shortlisted to develop CBDC for crypto-friendly Singapore
Fifteen firms have been finalized by the Monetary Authority of Singapore (MAS), the country’s central bank, to develop a Central Bank Digital Currency (CBDC), a release from the MAS shows.
Crypto-loving Nigeria begins eNaira CBDC project
Nigeria has upped the ante on its quest for a national digital currency as the Central bank of the African country has revealed that it will be partnering with Bitt Inc as a technical partner for the actualization of the “eNaira” project.
Brazil prez meets with Brian Brooks and Circle to discuss possible CBDC
Brazil’s interest in the crypto space does not look like abating anytime soon as the President of the central bank of the country, Roberto Campos Neto, recently held a video conference call with two key figures in the crypto space regarding the rollout of a potential Central Bank Digital Currency (CBDC) in the country.
TomiEx: CBDC’s would eventually lose competition to global stablecoins
Central bank digital currencies, or CBDC’s, are unlikely to significantly solve the problem of facilitating international cross-border online services, unless central banks put heavy regulations on global stablecoins like Diem.
Irish firm Accenture to oversee 5 ‘digital dollar’ pilots in the U.S.
The Digital Dollar Project, a non-profit organization co-founded by former Commodity Futures Trading Commission (CTFC) chairman Christopher Giancarlo, plans to launch five pilot programs focused on central bank digital currencies (CBDCs) within the next 12 months, a report by Reuters said yesterday.
PayPal CEO reveals crypto business has grown “multiple-fold,” teases digital dollars
In an interview over the weekend, PayPal CEO, Dan Schulman, described how his firm could provide an intermediary service distributing a potential United States central bank digital currency (CBDC), should the Federal Reserve Board decide to follow through.
World’s eight-oldest bank to explore the launch of a digital currency (CBDC)
Bank of England (BoE), the UK’s central bank and the world’s eighth-oldest bank, said it would form a task force to explore the launch of a digital currency, as per an official release today.
6 Chinese banks are testing the upcoming digital yuan (DCEP)
Six government-backed banks in China are testing e-wallet services for the upcoming digital yuan, local outlet Sina News reported ealier this week.
China says ‘fully anonymous’ digital yuan is ‘not feasible’
The Chinese government is hoping to maximize the privacy settings on the upcoming digital yuan, the state’s native Central Bank Digital Currency (CBDC), a report on local publication SCMP said Monday.
CBDCs do not threaten Bitcoin — their success might depend on it
A little less than two years ago, the International Monetary Fund (IMF) published a research paper on the rise of digital money.
U.S. Federal Reserve says digital currencies can ‘coexist’ with cash
Jerome Powell, head of the US Federal Reserve, said state-backed digital currencies and official Central Bank Digital Currencies (CBDCs) can function alongside fiat money in the coming years, as per a report on business outlet Bloomberg on Thursday.
Central banks are developing their own CBDCs, but what kind of CBDC does the world really need?
The COVID-19 pandemic has accelerated the trend of cashless payments, with central banks racing to develop and test digital currencies.
Bank of England governor is bearish on Bitcoin, but sees growth of CBDCs
The crypto skeptic made the comments in an online discussion during this year’s Davos agenda.
XLM bumps to $0.15 as Ukraine selects Stellar for its CBDC
Stellar, the world’s 14th-largest cryptocurrency, was selected by the European country for the latter’s upcoming state-backed digital currency.