Tag: Central Bank digital currency
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...
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...
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...
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...
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.
...
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...
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...
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...
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...
