Central Bank digital currency Archives

India’s Digital Landscape: Mumbai’s Metaverse and the Rise of Digital Rupee

The Mumbai Metaverse is an immersive platform, granting users access to a 3D and virtual reality (VR) experience to easily navigate the city's...

News February 22, 2024

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...

News November 9, 2023

Central Bank of Nigeria embraces NFC technology to boost eNaira app adoption

The CBDC mobile app has been upgraded with Near Field Communication (NFC) technology. This enhancement allows mobile devices and payment terminals to interact...

News July 25, 2023

Blockchain Breakthrough: African banks embrace the future of finance

According to the International Finance, Corporation, the financial inclusion rate in Africa stood at an all-time low of 23% in 2011. A KYC...

Featured May 22, 2023

Kenya’s digital economy affected as fiat currency performs poorly

According to CBK, inflation has increased from 5.73% in 2021 to 8.71% in 2023 and will experience another steep increase during the year. ...

Featured May 11, 2023

UAE sets out a strategy to launch CBDC

The CBUAE has engaged with two companies, G42 Cloud and R3, to support the implementation of a Central Bank Digital Currency The first...

News March 31, 2023

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...

News February 1, 2023

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...

News January 25, 2023

The state of crypto and CBDC adoption in Tanzania

President Hassan's comments and actions on improving Tanzania's cryptocurrency reflect how open she is to foreign investment The Bank of Tanzania has sent...

News October 13, 2022

Morocco: Central bank to unveil a cryptocurrency regulation bill

Morocco recently announced, through its Central Bank, that it would soon unveil a Cryptocurrency Regulation Bill Morocco was the first African country to...

News July 19, 2022

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