Tag: CBDC

Bill Winters, the Chief Executive Officer (CEO) of the financial services company Standard Chartered says that the Non Fungible Tokens (NFTs) and Central Bank Digital Currencies (CBDCs) could most likely outperform in the crypto world.  During a Standard Chartered conference call, Winters said that BTC and other tokens have a permanent role in digital assets, […]

The monetary authorities in the United Kingdom are still looking into the application of Central Bank Digital Currencies (CBDCs) and the regulations related to them. While countries like China have already started testing CBDCs, a group of individuals working in the private sector have founded the Digital Pound Foundation.  The goal of the Foundation is […]

G7 leaders have gathered once again to tackle the confusion regarding CBDCs or Central Bank Digital Currencies. On 13th October, the leaders from 7 different nations that are economically advanced started discussing these blockchain-based currencies.  It was noted that these currencies should “do no harm” and compliment the currency of the nation it is issued […]

Edward Snowden, the famous US-based whistleblower, recently tweeted about the concept of Central Bank Digital Currencies (CBDCs) and, specifically, about the Federal Reserve’s future plans on that. The whistleblower strongly opposed the concepts of Central Bank Digital Currencies or CBDCs.  CBDCs are blockchain-based assets that basically represent a country’s currency and are centralized in nature. […]

South Korea has quite a bit of recognition in the crypto industry because of its “Kimchi Premium” and massive altcoin market. The country’s monetary authority has also decided to move forward with their plans on Central Bank Digital Currency (CBDC). A local media company noted the three major reasons behind the governments’ plans to create […]

The central bank of Georgia is ready to take its own digital currency project a step further than most. While the monetary authority is getting set to launch its CBDC as early as next year, it also plans to use the blockchain-based version of the national fiat, the Georgian lari, in retails. Georgia to Introduce […]

The National Bank of Georgia looks set to pilot test its central bank digital currency (CBDC) next year. According to Interfax, the pilot testing will be targeted at retail users. Recall that in May, the bank announced it was exploring the possibility of developing a CBDC. Now, it seems ready to go ahead with its […]

The Federal High Court of Nigeria confirms the approval of the eNaira, the Central Bank Digital Currency, or simply, CBDC of the nation. Hence, Nigeria joins the list of countries that have their own CBDC ready to be tested. The list also includes Laos that partnered with a Japanese startup to create the digital kip. […]

Laos has been actively involved in the crypto sphere. There are plenty of countries inspired by the recent adoption of Bitcoin by El Salvador. President Bukele also made mining of Bitcoin legal. This mining will take place in farms operating on electricity generated through volcanic power. In a similar fashion, Laos has also allowed the […]

One of the few Bitcoin (BTC) traded exchange funds in the industry is the Brazil Stock Exchange (B3), which is looking at ways to supply data inputs of digital currency to the central bank digital currency (CBDC) in the country. Managing director of listed products and data at Brazil Stock exchange, Luis Kondic, said that […]

The central bank of New Zealand has reportedly joined in on a new trend, where most monetary authorities are considering issuing their own digital currencies. And now, the financial regulator is seeking public opinion regarding the need for a digital form of the national fiat, if there is any. As Central Bank of New Zealand […]

VISA discloses the release of a new platform that allows the transfer of Central Bank Digital Currencies and stablecoins across different blockchains. This platform presents digital assets as a new form of payment. The platform will act as a payment gateway for different CBDCs and stablecoins.  The new platform that VISA unveiled works on the […]

Crypto adoption is gradually becoming an issue for most of the world’s governments. This year saw a widespread surge in crypto investment and adoption as well. While there are plenty of central banks planning their own CBDCs, the Chinese Central Bank (PBoC) is one of the first to do so. Although the Chinese Central Bank […]

On Wednesday, Jerome Powell, the chair of The United States Federal Reserve, said that one should not rush in the development and implementation of any Central bank digital currency (CBDC). He said that the Fed is still exploring the promises of bringing a new digital currency for the nation, but it has not decided on […]

Most governments worldwide are worried about the regulations and monitoring of stablecoins. On the other hand, China is planning to bring a Yuan-pegged stablecoin for crypto trading. This coin is the ‘offshore Renminbi.’ Chris Banbury, the chief of global operations at Conflux stated in an interview that the firm would offer its tools and advanced […]

Sweden’s central bank, the Riksbank, is reportedly starting to test its own central bank digital currency, the e-krona, in a bid to determine its potential use. According to local news outlet The Local, the central bank’s pilot scheme comes years after the financial institutions initially revealed it was looking into creating its own digital currency. […]

Bank of Lithuania may be the next entity to look into Central Bank Digital Currency (CBDCs) after multiple banks worldwide have expressed interest. All Aboard the Central Bank Digital Currency Bandwagon Following preliminary interest from central banks in China, as well as India, Cambodia, and to an extent the European Central Bank, the Bank of […]