Nigeria’s CBDC program called ‘a very dark experiment’
The Nigerian central bank had doubled down on cash restrictions, triggering chaos in the country.
Get the latest CBDC news, central bank digital currency policy updates, pilot programs, privacy debates, and global monetary developments.
Gazprombank is one of 15 banks participating in a pilot test of a Russian CBDC and believes that launching a digital ruble will inevitably lead to losses for banks.
Project Pyxtrial will help avoid asset-liquidity mismatch by enabling the systematic monitoring of stablecoin balance sheets.
However, the project's core ledger could be built on blockchain or DLT.
During the 2023 Spring Festival holidays, several Chinese cities launched roughly 200 activities and distributed nearly 180 million e-CNY.
The Bank of England and the Treasury believe that the U.K. will "likely" need a digital pound amid declining cash usage.
Reliance Retail inserted in-store support to its gourmet food chain Freshpik as a first step and will implement it in its other branches.