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Nigeria’s Yellow Card Processes $165 Million in Crypto Remittances So Far This Year

7.12.2020
Nigerian crypto startup Yellow Card says it processed over $165 million in volume during the first eleven months of this year. The figure represents a growth of more than 1,840% over the amount of remittances processed in the last six months of 2019. Launched in June 2019, Yellow Card enables...

New US stimulus, Brexit and $20K: 5 things to watch in Bitcoin this week

7.12.2020
A mountain of fresh U.S. debt contrasts with a mountain of institutional cash potentially set to flow into Bitcoin thanks to major FOMO

China Airdrops Digital Yuan Worth $3 Million — 10,000 Stores Will Accept It

6.12.2020
Twenty million yuan ($3 million) in China’s central bank digital currency will be given away to 100,000 people in the country’s largest test of the digital yuan to date. The digital currency will be accepted at 100,000 stores, including JD.com, one of China’s largest online...

What Is a CBDC?

4.12.2020
A CBDC is a central bank digital currency, a new type of money governments are experimenting with that often has blockchain at its core

China's central bank plans digital yuan pilot for payments to Hong Kong

4.12.2020
Preliminary talks are underway to begin testing the e-CNY in the special administrative region of Hong Kong

Cryptocurrencies Prove Central Bank Models Are Obsolete, Says Professor

4.12.2020
A Spanish professor and economist stated that cryptocurrencies have brought out the “obsolescence” of central banks, although their capitalization is still “very insignificant.” Crypto Is Not Only About the ‘Speculative Noise’ Pablo Agnese, an economics professor...

Swiss National Bank and BIS complete digital currency proofs-of-concept

4.12.2020
The Swiss National Bank and BIS don't want to miss out on possible blockchain-powered benefits for the financial system

Central Bank of Nigeria Governor Decries the Use of Parallel Exchange Rate as Citizens Switch to Crypto

4.12.2020
The governor of the Central Bank of Nigeria (CBN) Godwin Emefiele says the embrace of the parallel market exchange rate by some professionals in that country is unfair and unfortunate. The CBN governor says the parallel foreign exchange market only accounts for a share of the market that does...

Though centralized, a digital yuan is too big for China to surveil, says Cypherium CEO

3.12.2020
Despite ambitions of overtaking the dollar, China's central bank will have a hard time monitoring all the transactions involved in a CBDC, though commercial banks might lend a hand

Swiss Wholesale CBDC Trial Shows ‘Feasibility’ for Central Bank Money on Distributed Ledger, BIS Says

3.12.2020
A Swiss experiment on how central bank money can be linked to markets built on distributed ledger technology (DLT) yielded positive results

Canada could launch CBDC sooner than expected, central bank exec says

3.12.2020
COVID-19 could force the Bank of Canada to launch a CBDC sooner than previously expected

Russian central bank opposes ruble-pegged stablecoins

2.12.2020
Russia wants to follow China’s approach of banning private stablecoins pegged to its national fiat currency

ECB Chief Christine Lagarde Downplays Bitcoin’s Risks to Financial Stability, Troubled by Stablecoins

1.12.2020
ECB President Christine Lagarde downplays any risks bitcoin and other cryptocurrencies could pose to financial stability and monetary sovereignty. In contrast, she sees stablecoins, such as Facebook-backed libra, as posing “serious risks.” Christine Lagarde, Bitcoin,...

Stablecoins ‘Pose Serious Risks’ to Financial Security, ECB’s Lagarde Says

30.11.2020
Stablecoins could "threaten financial security" if widely adopted, the ECB head said in a magazine interview

European central bankers predict that the digital euro is at least five years away

30.11.2020
Nobody seems to be in a rush to digitize the euro, but that could change given increasing global competition

Law Decoded: Cents and stability, Nov. 20–27

27.11.2020
Stablecoins and CBDCs and their related issues of privacy and surveillance lead this week's Law Decoded

Former Microsoft Engineer Says Nigerian Expatriates Are Using Bitcoin to Circumvent Country’s Overvalued Exchange Rate

26.11.2020
A former Microsoft software engineer and co-founder of Buycoins Africa Tomiwa Lasebikan says some Nigerians expatriates are now using bitcoin to circumvent the country’s overvalued exchange rate when sending remittances. According to Lasebikan, the Central Bank of Nigeria (CBN)’s fixed...