Category: CBDC
CBDC – Central Bank Digital Currency
Central Bank Digital Currencies (CBDC) Explained
Central Bank Digital Currency is a new digital currency issued and backed by a central bank. Unlike cryptocurrencies, which are decentralized and not backed by…
Turkish Central Bank Plans To Carry Out More CBDC Trials This Year
The Central Bank of the Republic of Turkey’s (CBRT) 1st trial phase of central bank digital currencies (CBDCs) has concluded effectively. The bank has pointed…
Nigerian Government Is All Set To Pass A Law To Recognize BTC And Other Cryptocurrencies
The authorities in Nigeria are reportedly contemplating shortly approving a law to recognize Bitcoin as well as other crypto assets’ usage to make pace with…
Iranian Government To Freeze Bank Accounts Of Women Who Decide Not To Wear Hijab
An Iranian parliament member has informed the native media that the authorities of the country have a strategy to implement exclusive punishments on women bank…
Regulation: Brazil To Sign A Bill Regulating Cryptocurrencies Into Law
After the collapse of the popular crypto exchange, FTX, several experts and financial bodies have called for the need to have a set of uniform…
Stock Market Rises After Fed’s Expected Decision
75bps Increment in FFR skyrockets Stock Market Finally, the most anticipated decision of today’s time had surfaced. The Central Bank of the US has finally…
RBI To Launch Digital Rupee Pilot In November
The Reserve Bank of India (RBI) first announced its central bank digital currency (CBDC) project back in February and it is now on track to…
Japan Credit Department To Lead Inward CBDC Tests For Settlements
Japan’s Credit Bureau, JCB. is developing framework tests for a Central Bank Digital cash (CBDC), per multiple local media outlets. The organization said it would…
ECB Official Talks of Importance of Physical Stores Accepting Digital Euro
The European Central Bank has been working on developing a central bank digital currency (CBDC), which is quite well-known. According to an executive board member,…
Qatar Central Bank Studying CBDCs and Digital Banks
According to an official, Qatar Central Bank is currently exploring the possibility digital bank licensing and also looking into issuing a central bank digital currency…
Bank of Jamaica to Launch Digital Jamaican Dollar in 2022
Andrew Holness, the Prime Minister of Jamaica, recently made a big announcement. The premier disclosed that after the successful pilot program they had had in…
India’s Central Bank Discusses Digital Currency and CBDC Launch
According to the Reserve Bank of India (RBI), the country must initially adopt a basic model for the central bank digital currency (CBDC) and do…
3 Out of 7 Governors at Fed Reserve Rejects Need To Have CBDC
According to at least 3 Governors at the US Federal Reserve, having a Central Bank Digital Currency (CBDC) in place is not a necessity. They…
“There Is No Crypto Regulation in Country”, Advises Central Bank of Botswana
Like in most parts of the world, virtual asset industry is also establishing a basecamp in Botswana also. The camping has been duly noticed by…
El Salvador’s Bitcoin Initiative Heavily Criticized by Spanish Central Bank
The Bank of Spain has compiled a report on the subject of Bitcoin’s adoption under a legal tender by the state of El Salvador in…
Philippines’ Private Bank Proposes To Inaugurate Crypto Custodial Services
Philippines’ Union Bank wants to venture into the crypto-verse as the bank sees potential in hosting crypto custodial services. The bank says that it has…
President Of Brazil’s Central Bank Supports Crypto Regulation
Roberto Campos Neto, Governor of the central bank, recognizes the need for stricter regulation of cryptocurrencies as the market develops in the country. Roberto Campos…
Russian Central Bank Identifies More Than 150 Crypto Fraud Schemes
Within a period of fewer than 6 months, the Bank of Russia has pointed out pyramid schemes whose sole purpose was to commit crypto fraud…
Russian Stock Exchanges Advised by Country’s Central Bank Not to Facilitate Virtual Assets
Maintaining its strict perspective regarding crypto, the Central Bank of Russia (CBR), has issued a nationwide directive to the country’s stock exchange houses not to…
Israel is Also Getting into the Digital Currency Space
When it comes to the adoption of central bank digital currency, every week a new country is expressing its interests in the adoption of CBDC….
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