CBDC
Will Bola Tinubu Uplift Nigeria from Crippling Cash Shortages?
Bola Tinubu, the Nigerian politician who served as the Governor of Lagos State from 1999 to 2007 and the Senator for Lagos during the Third Republic, has been elected as...
Britain is On Track in CBDC Development, BoE Deputy Governor
Britain’s Deputy Governor of the Bank of England (BoE) Jon Cunliffe has told lawmakers that the BoE is on track to launch its digital currency. Cunliffe emphasized that the apex...
Private Crypto Ban is a Pivotal Need for India: Comments IMF Chief
Kristalina Georgieva, the International Monetary Fund (IMF) Managing Director said during the G20 meeting in Bengaluru, India, that there arose some disagreements over debt restricting for the troubled economies. She...
India’s Digital Rupee CBDC Pilot Expands to Over 50,000 Testers
According to local news outlet The Economic Times, India’s CBDC experiment has attracted 50,000 customers, and 5,000 merchants since the Reserve Bank of India (RBI) introduced the digital rupee test...
China Could Be A Catalyst For Crypto Market In 2023
Popular crypto influencer Lark Davis believes that China could play a major role in the crypto market this year by inducing a bull market. According to Davis, the opening up...
BIS Official Predicts Crypto Recovery Amid Global CBDC Expansion
According to reports, the new head of the Bank of International Settlements (BIS) Innovation Board, Cecilia Skingsley, has predicted that the crypto industry will learn from recent failures and develop...
India Gets Huge CBDC Push With Retail Giant Reliance
In a huge push for the adoption of India’s retail CBDC, retail giant Reliance Retail announced earlier today that it would start accepting the digital Rupee-Retail (e₹-R) in its stores....
China’s Changsha Claims Over 300,000 Merchants Accepted Digital Yuan
Changsha, a city in China, has seen widespread adoption of the digital yuan with over 300,000 stores and vendors now accepting payment in the country’s central bank digital currency (CBDC)....
Cardano Rides With Bulls, Will It Break Beyond $0.4 Region?
Cardano has been showing a remarkable performance lately as it continues to be in the green region throughout the week. While some believed that ADA would never rise from its...
Bitcoin Soars to $37K in Nigeria as Apex Bank Enforces Digital Cash
Recently, the prices of major cryptocurrencies in Nigeria, the most populous African country in the world, have been growing exponentially as its apex bank urges citizens to go digital. According...
Montenegro to Join Hands with Ripple to Develop CBDC
In its pursuit of a central bank digital currency (CBDC), the Baltic nation of Montenegro has enlisted the aid of Ripple, the crypto firm specializing in international money transfers. Montenegro’s...
Cross-Border CBDC Payment System Announced by Chinese Blockchain Firm
Hong Kong-based blockchain company Red Date Technology has introduced a new digital payments system that aims to connect the two sectors of stablecoins and central bank digital currencies (CBDCs). The...
Ukraine Deputy Prime Minister Wants to Receive Salary in CBDC
At the World Economic Forum, Mykhailo Fedorov, Ukraine’s deputy prime minister, told reporters that he hopes to be the first to receive payment in the country’s new central bank digital...
CBDCs are Different from Cryptocurrencies; Says IMF Executive
Indian Economist, the Executive Director of the International Monetary Fund (IMF), and the former Chief Economic Advisor to the Government of India, K V Subramanian, talked about the necessity of...
Jim Cramer: Get Out of Crypto and Scale-Out of Chinese Stocks
On Monday, Jim Cramer from CNBC said that investors have a good chance to get out of crypto and scale out of Chinese stocks as neither can be trusted. In...
Russian Federation Codifies Digital Ruble as the Official Currency
Reportedly, a group of deputies headed by Anatoly Aksakov, the Chairman of the Financial Market Committee submitted a bill on the issuance and the use of the digital ruble, the...
Crypto Influencer BitBoy Says ‘CBDC is already here, It’s $USDC’
Twitter influencer BitBoy warns the community about the circulation of $USDC, claiming that it is a central bank digital currency (CBDC). As part of Circle’s CEO Jeremy Allaire’s announcement, the...
Nigeria, Turkey, India, Have Largest Adult Population Trading Crypto
According to a recent poll by the business data firm Morning Consult in conjunction with Bloomberg and World Bank, more than half of Nigeria and Turkey’s adult populations trade cryptocurrency...
RBI Governor: The Next Financial Crisis Will Be Due to Cryptos
On Wednesday, in a media summit, the Governor of the Reserve Bank of India (RBI), Shaktikanta Das said that the next financial crisis will be due to private cryptocurrencies. Citing...
BIS Allows Banks to Hold 2% Of Their Reserves in Cryptocurrencies
The Bank for International Settlements (BIS) has now allowed banks to now hold 2% of their reserves in cryptocurrencies as per its recently released Prudential Treatment of Crypto Asset exposure...
Nigerian Central Bank To Boost CBDC Use by Limiting Fiat Use
Nigerian central bank reduces ATM cash withdrawal limit to boost e-Naira. Withdrawal limit has been reduced from $337 to $45. Nigerian government is looking to tax cryptocurrencies. With the goal...
Perry Warjiyo Announces the Use of Indonesia’s CBDC in Metaverse
Perry Warjiyo announced that BI’s digital currency can be used in the metaverse. Last week, BI launched the design for its digital currency following the trend of many central banks’...
Indian Apex Bank Invites Eight Monetary Firms for CBDC Pilot Stage
The Reserve Bank of India has chosen eight commercial banks to participate in a trial stage for launching the central bank digital currency (CBDC) on December 1, 2022. According to...
RBI Announces First Pilot Study For ‘Retail’ Digital Rupee
RBI has announced the launch of the first pilot for the retail digital rupee on Dec 1. Eight banks have been selected to act as an intermediary for the pilot...
India To Roll Out Retail Pilot Program for Digital Rupee
Peter Schiff took to Twitter to report that the RBI will roll out a retail pilot program for the digital rupee. The Federal Reserve authorities launched a 12-week pilot program...
