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Russia’s Digital Ruble ‘Will Affect Banks’ Liquidity’ – Report
22.12.2023
Source: Yevgeniy Vershinin/Adobe Russia’s digital ruble will affect the commercial banking sector’s liquidity, experts have claimed as the nation prepares for a CBDC rollout. Per the media outlet Comnews, Russian financial industry experts expressed mixed feelings about the CBDC at a banking...
Bank of Japan Boss Hints CBDC & Stablecoins Can Coexist – Is Japan Edging Toward a CBDC Rollout?
30.3.2023
The central Bank of Japan (BoJ) has stated that regulated stablecoins and a forthcoming central bank digital currency (CBDC) can coexist – and has given the clearest signal so far that Japan will launch a digital yen.
The Japanese media outlet CoinPost reported that BoJ Governor Haruhiko Kuroda...
Expert Predicts Looming Economic Collapse as BRICS Nations Unite Against the Dollar
20.2.2023
Andy Schectman, CEO of Miles Franklin Precious Metals Investments, explained in a recent interview that the five leading emerging economies—Brazil, Russia, India, China, and South Africa, collectively known as BRICS nations—are “coalescing against the dollar.” Schectman believes that...
Russia’s Gazprombank recommends slow CBDC rollout fearing loss of income
8.2.2023
Gazprombank, a subsidiary of a state-owned energy corporation, which participates in Russia’s CBDC initiative, fears losing a part of its income as the digital ruble replaces traditional fiat currency
Kazakhstan central bank recommends a phased CBDC rollout between 2023-25
18.12.2022
Kazakhstan’s central bank recommended making the in-house CBDC available as early as 2023 with a phased expansion of functionality and introduction into commercial operation until the end of 2025
Kenya Central Bank Governor: Low Smartphone Penetration Working Against Plan to Launch CBDC
2.4.2022
According to Patrick Njoroge, the governor of the Kenyan central bank, the significant number of non-smartphones that are in use in Kenya means launching a central bank digital currency (CBDC) now may be premature and could lead to many citizens being financially excluded. Central Bank Mulls...
Beijing Presses Fast-Food Chain McDonald’s to Support Digital Yuan — China’s CBDC Expected to Launch in February
24.10.2021
According to a recent report, Beijing is pressing the fast-food retail chain McDonald’s to support the digital yuan before the Winter Olympics in China scheduled for February 2022. The report notes that China is also pushing companies like Visa and Nike to join in on the central bank digital...
Nigerian Court Paves Way for CBDC Rollout, Suggests ‘Plaintiff May Be Adequately Compensated’
5.10.2021
The Nigerian High Court that is presiding over the e-naira trademark infringement case brought against the Central Bank of Nigeria (CBN), has ruled that Central Bank Digital Currency (CBDC) “may proceed on national interest” considerations. The ruling clears a crucial legal hurdle...
Federal High Court of Nigeria approves eNaira CBDC rollout
3.10.2021
eNaira will continue to circulate alongside its fiat counterpart, however, promising a faster, cheaper, and more secure option for monetary transactions
Nigerian CBDC Website Goes Live, Central Bank Faces Trademark Infringement Allegations
29.9.2021
According to reports from Nigeria, the official website for the Central Bank of Nigeria (CBN)’s e-naira digital currency is now up and running. The reports come just a few days before the start of the central bank digital currency (CBDC) rollout. E-Naira Similar to Physical Currency...
Nigeria plans CBDC rollout, Salvadoran retirees protest Bitcoin Law, Twitter to add BTC and ETH tipping feature: Hodler’s Digest, Aug. 29-Sept. 4
4.9.2021
Nigeria's central bank partners with fintech firm Bitt Inc for CBDC rollout
31.8.2021
The CBN considered Bitt Inc’s experience in the development of the Eastern Caribbean Central Bank’s DCash, launched in April
First or Not, The Bahamas Trumps Leading Economies with CBDC Rollout
21.10.2020
Source: Adobe/bourjart_20
The Bahamas has officially unveiled its central bank digital currency (CBDC), the Sand Dollar. And although there is some confusion as to whether it is indeed the world’s very first CBDC or not, the Caribbean nation can certainly claim to have beaten scores of major world...
South Korea Edges Closer to CBDC Rollout Without Any Comitment
9.6.2020
The Gwangandaegyo or Diamond Bridge in Busan, South Korea. The South Korean central bank has reaffirmed its digital currency plans – but continues to add disclaimers, refusing to commit to launching a digital version of its won fiat currency.
Per newspaper Hankyoreh, the central Bank of Korea (BOK)...