Category: CBDC
CBDC – Central Bank Digital Currency
Saudi Arabia and UAE Central Banks Release Reports on CBDC Trial
A report was recently released by the central banks of two of the most powerful economies in the Middle East, Saudi Arabia and the United…
German Finance Minister Says ECB Should Work Very Hard on Digital Euro
Olaf Scholz, the Finance Minister of Germany is prompting the European Central Bank (ECB) to accelerate its work over the development of its potential Central…
Unsettling Developments Taking Place in China Relating to Crypto
China’s law enforcement agencies being busy closing down several crypto exchanges. Blockchain-based-Bonds which were to be issued by a top commercial bank in China, got…
Lebanese Central Bank Confirms CBDC Launch in 2021
The latest country to jump on the CBDC (Central Bank Digital Currency) bandwagon is Lebanon, as the top policymakers in the nation confirmed that they…
More Than 4M Transactions Have Been Conducted in Digital Yuan So Far Says PBoC Governor
Transactions in Digital Yuan have grown significantly during its testing phase. According to the Governor of the People’s Bank of China (PBoC), the country’s central…
Shenzhen Pilot Program Further Highlights Digital Yuan’s Potential
Earlier this month, government officials in Shenzhen, China, had announced that they were introducing a pilot program for testing their digital yuan, in order to…
50% of Abra CEO’s Investment Portfolio is in Bitcoin
The potential of Bitcoin as a long-term investment and a hedge against market risks seems to be working in favor of some investors in 2020….
PBoC’s Digital Currency Research Head Says China’s Digital Yuan Will Not Compete with WeChat and Alipay
The People’s Bank of China’s Head of digital currency institute Mu Changchun has said that their central bank digital currency known as Digital Yuan is…
Bank of Russia Chief Says the Country Might Pilot Digital Ruble By the End of 2021
It seems that the Russian central bank is considering introducing its own central bank digital currency (CBDC) as the Head of the Central Bank of…
Bank of Japan Believes One CBDC Won’t Dominate Global Finance
Like many other central banks in the world, the Bank of Japan has also launched its central bank digital currency (CBDC) initiative, which is currently…
Central Bank of The Bahamas Launches its CBDC Called Sand Dollar
The central bank of The Bahamas has rolled out the world’s first central bank digital currency (CBDC) known as Sand Dollar. With the launch of…
Reserve Bank of New Zealand Is Actively Researching CBDC But Has No ‘Immediate Plans’ to Launch It
Central Bank Digital Currencies (CBDCs) are continuously gaining traction all across the whole world. Numerous central banks are already working on their respective central bank…
Visa’s Head of Crypto Says CBDC is the Most Important Trends for Payments in the Next Decade
Central banks are entirely focused on the development of the Central Bank Digital Currency (CBDC) as they believe it could provide a safe means of…
Former Bank of China Chief Says the CBDC Backend Architecture Development is Complete
An ex-official of the People’s Bank of China has mentioned that the Asian country has already wrapped up the backend architecture development of its new…
OMC Markets Update – Central Bank Digital Currency Creation Might Encourage Commercial Banks to Close Down
OMC Markets Update Central Bank of Philadelphia has warned that the new CBDC that has gained massive attention all over the globe might be a…
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