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Bank of Ghana Selects German Technology Firm as Partner for CBDC Project
13.8.2021
The Bank of Ghana (BOG) says it has signed an agreement with Giesecke Devrient (GD) to implement a pilot central bank digital currency (CBDC) project. This pilot CBDC, which is a precursor to the e-cedi digital currency, is set to be tested with banks, payment service providers, merchants...
President of Argentina open to Bitcoin and a CBDC but central bank says no
13.8.2021
Argentina’s president is open to the idea of central bank digital currency but the country’s central bank head has rejected the idea
Central Bank of Argentina President Hints at Possible Regulation of Bitcoin in Payment Systems
12.8.2021
Miguel Pesce, president of the Central Bank of Argentina, hinted at some kind of regulation coming for bitcoin transactions soon. Yesterday, In a digital financial conference, Pesce also stressed that the bank was working to find effective ways of warning novice investors about the dangers...
Satoshi Versus the ‘Infrastructure Bill’ — Political Permission Not Required
12.8.2021
When Satoshi Nakamoto released the Bitcoin white paper in October 2008, it likely wasn’t with the idea that governments and central banks needed to recognize, adopt, and regulate Bitcoin for everyone’s benefit. To the contrary, if anything can be taken away from that document and...
Buying Bitcoin is like entering a minefield, Bank of Russia exec says
12.8.2021
The Bank of Russia expressed concerns over the increasing number of local investors pouring their money into Bitcoin
Kucoin Boss on Strategy After Hack: ‘We Chose to Act’
12.8.2021
Kucoin, one of the leading crypto exchanges, suffered a hacking incident in 2020 where over $250 million was stolen. However, immediately after the hacking was reported, Kucoin began cooperating with various players from the crypto industry. This cooperation ultimately led to the recovery of...
Bank of Ghana to pilot CBDC with German securities printing firm G+D
11.8.2021
Originally specialized in currency and securities printing, Giesecke+Devrient has been increasingly working with central banks like the Bank of Thailand in piloting CBDCs
Report: Nigeria’s Digital Currency to Be Designated ‘Critical National Infrastructure’
11.8.2021
According to a report, the Central Bank of Nigeria (CBN) is planning to have its proposed digital currency designated “critical national infrastructure” in order to protect it from operational and cyber-security risks. In addition, the CBN will also apply regulatory and compliance...
Bank of Jamaica mints the first batch of national digital currency
10.8.2021
The Bank of Jamaica plans to issue a total of $1.5 million of CBDC to institutions and authorized payment service providers as part of a pilot ending this December
Central Bank Admits: Crypto Will Be Used as an Investment Tool
10.8.2021
South Korea’s central bank, the Bank of Korea (BOK), has issued a surprisingly crypto-friendly report about the role crypto may play in the economy of the nation going forward – and questioning whether bitcoin (BTC) and altcoins could “replace legal currencies” in the years to come.
There were also...
India Plans to Unveil Central Bank Digital Currency Model by Year End
9.8.2021
The deputy governor of India’s central bank, the Reserve Bank of India (RBI), says the bank should be able to come up with a central bank digital currency (CBDC) model by the end of this year. India May Unveil a CBDC Model by Year End The Reserve Bank of India (RBI) may unveil a model...
Singapore to License Digital Payment Providers, Approves Crypto Exchange
8.8.2021
The Monetary Authority of Singapore (MAS) has notified several providers of digital payment services that they will be licensed to operate in the city-state. The move, which comes after the approval of a crypto exchange for a license, secures Singapore’s status as Asia’s crypto...
Central Bank of Venezuela Announces ‘Digital Bolivar’ Redenomination Plan
7.8.2021
The Central Bank of Venezuela announced the new redenomination plan for its fiat currency called “Digital Bolivar.” This new proposal seeks to simplify transactions by slashing six zeroes from the current value of the currency. While it is called digital, it has nothing to do with...
Fed’s Vice Chair Says Tapering May Happen in 2021, Senator Joe Manchin ‘Alarmed Over Record Amount of Stimulus Injections’
6.8.2021
The U.S. central bank’s vice chairman Richard Clarida explained on Wednesday that the Federal Reserve could begin tapering large asset purchases this year. Also, that the first interest rate hike since the onset of Covid-19 could happen in 2023. Meanwhile, despite members of the Fed saying...
Cambodia explores cross-border transactions of CBDC-like Bakong
6.8.2021
Launched in late 2020, Cambodia’s digital money project Bakong reached 200,000 users in June, doubling from three months earlier
'Bitcoin fixes this' — US Infrastructure Bill would add $250B to US debt mountain
6.8.2021
The hotly-debated legislation is no surprise to hard money supporters, as Cameron Winklevoss saying that it would "plunder" future generations
Venezuela to launch CBDC in October — and cut six zeros from its currency
6.8.2021
The Central Bank of Venezuela is rolling out a CBDC in October and will launch an SMS-based exchange system to facilitate its use
Fed governor says CBDCs remain 'a solution in search of a problem'
5.8.2021
Chris Waller’s comments come after Jerome Powell said the Federal Reserve would be issuing a discussion paper on CBDCs
Mastercard Outlines Plans for Cryptocurrencies, Stablecoins, Central Bank Digital Currencies
2.8.2021
Mastercard’s CEO has outlined the company’s plans to develop products and services around cryptocurrencies, stablecoins, and central bank digital currencies (CBDCs). “We want to be playing a role across all of them … It’s obviously a vibrant space around digital...
Leader of Nigerian Crypto Stakeholders’ Body Welcomes the E-Naira — Says It ‘Comes With No Magic Wand’
1.8.2021
Nigeria’s proposed digital currency, the e-naira, is likely to be a welcome boost to ongoing efforts to reduce the number of Nigerians that are financially excluded, a leader of a stakeholders’ body has said. However, according to Senator Ihenyen, the president of Stakeholders...