Español
PortuguêsIf the United States is still not ready for central bank digital currency, it will stay on the sidelines of tech and financial innovations. Welcome to the world of central…
Continue ReadingThe Central Bank of Bhutan, the Royal Monetary Authority (RMA), has partnered with Ripple to start testing a model of its central bank digital currency (CBDC) using Ripple’s technology. The…
Continue ReadingRipple, in partnership with The Royal Monetary Authority of Bhutan, will start trials for a digital Ngultrum. The San Francisco-based company will integrate its distributed ledger technology into Bhutan’s existing…
Continue ReadingNexi, a leading European payments company, is reportedly giving advice to the European Central Bank (ECB) related to the digital euro project. The announcement was made by Nexi’s CEO Paolo…
Continue ReadingFederal Reserve Chairman Jerome Powell has shared the progress of the Fed’s work on a central bank digital currency (CBDC), the digital dollar. “We are working proactively to evaluate whether…
Continue ReadingCountries around the world are scrambling to launch their CBDC projects as cryptocurrencies continue to become part and parcel of the financial system. The United States Federal Reserve seems to…
Continue ReadingFed Chair Jerome Powell says there is no pressure to rush any central bank digital currency development plans. The United States Federal Reserve is still evaluating the prospects of introducing…
Continue ReadingConflux will provide the technology to launch an offshore RMB stablecoin pegged to China’s CBDC, the digital yuan. As financial authorities around the globe become increasingly concerned about stablecoin regulation,…
Continue ReadingRipple is in the news today after it announced a partnership with Bhutan’s central bank – the Royal Monetary Authority (RMA) – for a central bank digital currency (CBDC) pilot.…
Continue ReadingEven with the massive inflow of institutional capital into the cryptocurrency market, many traditional financial institutions have continued to remain wary of this asset class. Joining their ranks was Europe’s…
Continue ReadingThe decentralized, economically empowering technology could bring major benefits to the country. Executive Summary This paper is an attempt to highlight Bitcoin’s ever-increasing importance to Pakistan’s socioeconomic future. For purposes…
Continue ReadingThe company claimed its CBDC solution would allow Bhutan’s central bank to deploy a digital ngultrum “without compromising financial stability or monetary policy objectives.” The Royal Monetary Authority of Bhutan…
Continue ReadingBanking giant HSBC echoes global stablecoin concerns, calling for regulation to be equivalent to its adoption level. HSBC, the largest European bank with total assets of $3 trillion, maintains a…
Continue ReadingIndian traders and exchanges might be bullish about the crypto market, but the Indian government doesn’t seem keen on rushing into the scene. At least, not until studying its homegrown…
Continue ReadingCrypto doesn’t pose a big risk for the financial system until it’s adopted enough to be less volatile, the NBU said. The central bank of Ukraine has moved to support…
Continue ReadingMastercard’s upcoming acquisition of CipherTrace demonstrates the need for payments giants to partner with crypto firms to enable digital asset innovation. Institutional interest for digital assets continues to grow rapidly,…
Continue ReadingThe Zimbabwean currency’s collapse in 2008 and record hyperinflation are widely seen as textbook examples of what can go wrong with a centralized currency. For instance, some cryptocurrency enthusiasts —…
Continue ReadingIs President Erdogan so out of touch with what’s happening around him that he declared war against Bitcoin? Or is this a case of “lost in translation” and quotes out…
Continue ReadingFour Chinese cities – Guangzhou, Tianjin, Yiwu, and Fuzhou, are set to become part of China’s digital currency trial. As per reports, China’s eCNY, or digital yuan project was in…
Continue ReadingSkepticism towards cryptocurrencies isn’t new, especially from the likes of regulators and financial agencies. The ECB is no exception. In a recent interview with Bloomberg, President of the European Central…
Continue ReadingThe Turkish central bank has established a new platform together with technology stakeholders to further the development of a digitalized version of the national fiat currency. The new collaboration will…
Continue ReadingThe biggest property developer in China, Evergrande, seems to be on the verge of collapse. They apparently owe $300B. Is bankruptcy on the table? There’s a better question, though. Is…
Continue ReadingThe Central Bank of the Republic of Turkey has singed agreements with various firms to form the Digital Turkish Lira Collaboration Platform. The Central Bank of the Republic of Turkey…
Continue ReadingThe launch of a digital ruble will be among Russia’s key priorities of digitalization this decade, the country’s financial market development strategy has confirmed. The document claims the issuance of…
Continue ReadingAs part of the Central Bank of Nigeria (CBN)’s digital currency charm offensive, Folashodun Shonubi, the institution’s deputy governor, has claimed that the country’s upcoming central bank digital currency (CBDC)…
Continue ReadingThe Russian central bank released a new report for banking institutions to limit “shady” transactions. While the guidelines were for the purpose of controlling illicit money transfers, it also reportedly…
Continue ReadingThe head of the Bank of International Settlements (BIS) Innovation Hub, Benoît Cœuré, has urged central banks to act now on central bank digital currencies (CBDCs) to compete with initiatives…
Continue ReadingCryptocurrency mining should be registered as entrepreneurial activity and taxed as such, according to Anatoly Aksakov, chairman of Russia’s parliamentary Financial Market Committee. The lawmaker also thinks Russian digital currency…
Continue ReadingIssuing CBDCs may give a central bank more power over interest rate adjustments according to a new report. According to the Wall Street Journal, central bank digital currencies (CBDCs) could…
Continue ReadingInstitutional investment, new governance features and a groundbreaking project with the government of El Salvador are just a few of the factors behind ALGO’s rally to a new all-time high.…
Continue ReadingHonduras and Guatemala are studying central bank digital currencies and the value they could bring to their respective monetary systems. Two Central American countries, Honduras and Guatemala, are taking a…
Continue ReadingCentral bank digital currencies are the next frontier for blockchain. Roxe wants to make BTC hashrate the anchor for future CBDCs. Global payment network Roxe has recruited a seasoned economist…
Continue ReadingIt’s time for a new show. In TALKING HEADS, we will ask the experts about the cryptoverse’s overarching themes and latest news. It’s that simple. And, since we’re starting on…
Continue ReadingNigeria’s central bank digital currency will go into pilot testing on Oct. 1 with a tiered AML/KYC regime for the eNaira. After four years of development, the Central Bank of…
Continue ReadingThe Monetary Authority of Singapore (MAS) finally shortlisted 15 companies that will assist in developing retail CBDC. These firms will participate in the Global CBDC challenge and help build the…
Continue ReadingCBDC, also central bank digital currency, is a digital token issued by a country. Many governments and central banks around the world are exploring the use of CBDCs. Even though…
Continue ReadingThe UAE (United Arab Emirates) is moving to secure its presence within the digital asset sector. They have also applied various efforts to promote the adoption of blockchain-based technologies. According…
Continue ReadingNigeria had earlier in the year announced it planned to launch its own CBDC. The eNaira was announced after the government had banned banks and financial institutions from facilitating crypto…
Continue ReadingTwo Chinese banks are expanding their pilot programs for the digital national fiat. The state-owned financial institutions have revealed they are aiming to allow digital yuan holders to acquire investment…
Continue ReadingThe Central Bank of Nigeria (CBN) has named the fintech firm Bitt Inc. as a technical partner for its digital currency project, the e-naira. As a technical partner, Bitt is…
Continue Reading