Finance guy with a considerable interest in the adoption of web 3.0 technologies in the financial landscape. Both technology and regulation focused but, of course, people first.
How would the world work with multiple CBDCs? One possible answer has been provided by the Bank for International Settlements in collaboration with four central banks that are working on CBDCs. It's code-named Project Dunbar and looks at cross-border CBDC transfers' feasibility.
One of the pain points with cryptocurrencies is how they can be used for illicit dealings. Not unique but a real challenge, the idea of Central Bank Digital Currency (CBDC) is to remedy this by having a digital currency issued and supervised by a central bank. While this flies in the face of one of the more popular cryptocurrency features, decentralisation, it's something many agree is needed moving forward.
Where Bitcoin ATMs differ largely from traditional ATMs is that they mostly facilitate the purchase of cryptocurrency (cash deposit) and in very rare cases the sale of it (cash withdrawal)
Morocco recently announced, through its Central Bank, that it would soon unveil a Cryptocurrency Regulation Bill
Morocco was the first African country to...
How many African countries are looking at central bank digital currencies, and how far are they?
Only Nigeria has an active CBDC, South Africa and Ghana have a CBDC in the pilot phase while Mauritius and the Central African Republic have CBDCs coming soon
Shopify has added a store feature, token-gating that allows NFT creators to have exclusive access to merchandise and content based on verifying ownership of NFTs
Bitcoin is trading just above US$20000 (US$20971.10 at the time of writing), the Luna blockchain is gone, and the general market is in dire times with very few coins and tokens in positive territory on a 12-month basis.
