Category: CBDC
CBDC – Central Bank Digital Currency
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….
Central Bank of India Clarifies Non-Existence of 2018 Crypto Directives
Although the 2018 crypto ban in India was suspended by the Supreme Court of India as being illegal still some banks are using the Reserve…
The Central Bank of Georgia is Also Interested in Adopting CBDC Technology
It has become a common thing that every one or two weeks, a new country shows interest in adopting central bank digital currency (CDBC). With…
Digital Yen Tests Could Begin Soon In Japan
As Central Bank Digital Currencies (CBDC) are becoming exceedingly popular, numerous countries such as Thailand, China, Hong Kong and South Korea have all become involved…
Digital Yuan Trials Take Place In Shanghai
Recently, a number of Chinese banks managed to conduct trials for their digital yuan experiment. The trials themselves were conducted at a couple of big…
Russian Mobile Carriers Propose To Link Digital Rubble Wallets On SmartPhones
Both Beeline and MegaFon initiated the idea of connecting the phone numbers of everyday consumers to their digital ruble wallets available on their smartphones. The…
China’s Progress of Chinese Digital Yuan
Although digital currency may be new to the majority of the countries around the world, yet it is not a new thing for China. As…
Turkey Also Wants a Taste of CDBC
Whenever the topic of tourism is brought up, Turkey is one of the countries that the majority of the tourists have on their travel list….
Venezuela’s Army Starts Bitcoin Mining to Stay Afloat
The Nicolas Maduro government in Venezuela is using cryptocurrencies as a crutch in order to solve the economic problems of the country. The Engineering Brigade…
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