Tag: CBDCs
CBDCs in Focus: The 15 Essential Questions Steering the Evolution of Digital Currencies
The pivotal 15 questions CBDCs must answer to pave the way for their widespread adoption.
These 15 questions span five domains: design, technology,...
Reopening Pandora’s Box: SEC Launches Another Kraken Laws
The US SEC accused Kraken of operating as an unregistered exchange, broker, dealer, and clearing agency.
The first Kraken lawsuit occurred around Q3...
Ethereum Co-Founder criticizes the idea of Central Bank Digital Currencies development
Vitalik Buterin, Ethereum co-founder (ETH), is raising concerns about the current state of Central Bank Digital Currencies development.
CBDCs were initially met with...
Africa: stablecoins offer an efficient solution for cross-border remittances
Stablecoins remittances in Sub-Saharan Africa can be up to 20 times cheaper than standard money transfers.
State of digital currency adoption in Cape Verde
Deputy prime minister Olavo Correia stated that Cape Verde wants to achieve 60% of digital public services by 2026.
Cape Verde's Central Bank...
The increasingly significant role of blockchain technology in Africa
Africa is a strong contender for developing technologies such as blockchain and cryptocurrency owing to the continent's growing mobile tech adoption rates. Considering the turbulent global financial markets, expensive remittance costs, and restricted banking access, blockchain technology in Africa offers alternatives to tackle their day-to-day issues.
Zimbabwe races to launch CBDC
The country’s central bank launched a survey to garner opinions on the feasibility of a CBDC
The Reserve Bank of Zimbabwe opened an...
China’s UDPN targets to set up a Stablecoins-CBDC “bridge”
Hong-Kong based Red Date technology proposed a system called UDPN that will make stablecoins and Central Bank Digital Currency (CBDC) interoperable
To allow...
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...
Nigeria 2023 elections: Is the Naira Scarcity a ploy to force eNaira adoption?
At the beginning of February 2023, commercial banks in cities and towns could not swap old currency notes with newly designed naira notes
...
Impact of stablecoins and CBDCs to Africa’s digital economy
Nigeria, commonly known for its rapid growth in Africa's digital economy, was the first African country to roll out a CBDC, the eNaira....
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...
Morocco’s rocky crypto journey
In November 2017, Morocco's Central Bank, the Bank of Al-Maghrib (BAM), released an official notice banning the use and distribution of any digital...
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...
Thailand’s new course on blockchain is what Africa needs
On March 2021, the Bank of Thailand issued policy guidelines on the crypto regulations of stablecoins throughout the nation
It launched its...
Canadian government takes interest in crypto and CBDC
The Federal Government of Canada recently announced it was officially launching a consultation on cryptocurrencies, stablecoins and CBDCs
This is a step for...