Tag: central bank digital currencies

Spanish CBDC Program Takes Flight: Banco de España Collaborates with Industry Leaders

The Spanish CBDC program will feature the simulation of the processing and settlement of interbank payments with a single tokenized wholesale CBDC. The...

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,...

Evaluating the case for a token-based digital dollar: Account-based vs token-based CBDC

Account-based CBDCs would involve households and businesses holding retail checking accounts directly with the Federal Reserve A token-based CBDC model would see households...

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...

Putin issues legal tender to the digital ruble, prepares for CBDC launch in August

President Vladamir Putin has signed into law a bill that will grant legal tender to the digital ruble. The central bank will begin...

Crypto taxation report: IMF wages war against cryptocurrencies

IMF states that crypto ownership runs to tens of billions of dollars and is concentrated at the top, with most crypto investors having...

The World Blockchain Summit’s 24th edition returns to Dubai in March 2023

The World Blockchain Summit (WBS) series will be happening in Dubai next week on March 20 and 21, 2023 The Dubai Summit, themed Fostering...

African Central Banks present valid arguments against CBDCs and digital assets

Cryptocurrency within Africa has met apparent and defined opposition from the majority of the African central banks. The Central Bank of Egypt...

Kenya: a focus on the central bank digital currency (CBDC) developments

The introduction of CBDCs would have far-reaching consequences for decades for households, businesses, and the monetary system. If successful, CBDCs will usher in a new era of money. Nonetheless, it is still early days. It is still hard to tell. No generally applicable best practices or standards will ensure CBDC issuance’s eventual success. On the other hand, a maturity evaluation might help the CBK make decisions on CBDCs. This position informed the CBK’s decision to seek feedback from the public on the applicability of a CBDC in February 2022.

Top betting sites that have stirred the African crypto market

By capitalizing on this pool of sheer emotion, cryptocurrency exchange platforms can establish their roots in the African market 1xBET provides a...

Central African Republic announces plans for a central bank digital currency

The Central African Republic has announced plans to introduce a Central Bank Digital Currency in the 3rd quarter of 2022 The currency to...

Crypto regulation: can African governments find unity of purpose in CBDCs?

Individual African countries cannot devise a worldwide plan to foresee the growth of private transnational digital currencies amidst crypto regulation needs because of their small economies.

Nigeria weaponizes the eNaira against crypto adoption

The eNaira upgrade will allow customers to do transactions such as paying for DSTV, electric bills, and paying for flight tickets Decentralization takes...