Tag: CBDC

South Africa’s Model: A Blueprint for Crypto Regulation in Africa

South Africa's approach to crypto regulation can be summed up through the popular saying: "Start where you are, use what you have, do...

ZiG: Zimbabwe abandons gold-backed digital currency, launches fiat

This physical fiat currency, consisting of notes and coins, will be backed by gold in the same manner as the digital token was. ...

From Vision to Reality: BSP’s Two-Year Plan for Wholesale CBDC Implementation

Governor Eli Remolona Jr. recently unveiled the BSP's ambitious endeavour, emphasizing a departure from blockchain technology in favour of a wholesale CBDC model. ...

Nigeria’s Crypto Renaissance: ASC’s cNGN Stablecoin Signals Progress in Web3

On January 4, the ASC officially announced the launch of the cNGN stablecoin scheduled for Tuesday, February 27, 2024. The success of the...

Parliamentary Directive: BAK’s Unprecedented Role in Crypto Bill Creation

Blockchain Association of Kenya received a two-month timeframe to draft a robust and standard crypto bill. The crypto bill will become the Virtual...

Mauritius Financial Services Commission Initiates Dialogue on Metaverse Integration

The FSC has decided to dedicate November to gathering comments on the Metaverse to boost Mauritius' digital economy. Since 2018, FSC Mauritius has...

Access Bank’s Freeze on Crypto Trader Accounts Sparks Controversy

Access Bank has obtained a court order to freeze all crypto trading accounts for investigations. Digital asset fraud is common today, with...

8 countries building on Ripple’s CBDC platform

Ripple's CBDC platform has found favor in the eyes of eight countries, which have all taken a leap of faith and begun building...

CBDCs vs. Cryptocurrencies: Clash of the digital currency titans

Bitcoin was the first cryptocurrency adopted by an African nation as legal tender; Africa's first CBDC was Nigeria's eNaira. Even though the CAR...

Australian CBDC (eAUD): First CBDC to cross borders

The inaugral transaction occurred between crypto fund managers DigitalX and TAF Capital, who exchanged eAUD for a stablecoin called USDC. Australia played a...

Ripple Unveils CBDC Platform to help governments launch and manage their CBDCs

Ripple's CBDC Platform is designed to streamline the processes of minting, managing, transacting, and redeeming CBDCs and stablecoins. The platform offers ledger technology...

China to pay civil servants in Digital Yuan CBDC

The Chinese government revealed that public servants in a selected city will receive their salaries in digital renminbi (RMB) or digital Yuan starting...

New CBDC possibilities: Attain CAR citizenship through the Sango coin CBDC

CAR announced that individuals could attain CAR citizenship by bonding $60000 worth of Sango tokens for five years. The organization behind the launch...

UK seeks cryptocurrency regulation before “Britcoin” CBDC launch

The UK government opened a public consultation on cryptocurrency regulation The Bank of England simultaneously released a consultation paper on "Britcoin" There could...

The UK searches for head of CBDC, edges closer to a digital Pound Sterling

The Bank of England is working with His Majesty's Treasury to explore the feasibility of a CBDC A recent post on LinkedIn revealed...

South Africa inches closer to a CBDC fast follower nation

Speaking at the World Economic Forum in Davos, Switzerland, the governor outlined South Africa's plans to roll out a CBDC The apex bank...