Search
CBDC: Indian Central Bank Begins Digital Rupee Pilot
1.11.2022
The Reserve Bank of India (RBI), the country’s central bank, has started a pilot program of its digital currency today, in cooperation with nine banks. It also released a Concept Note on Central Bank Digital Currency (CBDC) for India.
Bloomberg reported that “several lots of bonds were traded,”...
Chinese central bank exec says digital yuan will offer ‘controllable anonymity’
1.11.2022
China’s digital yuan is one of the earliest CBDCs whose pilot phase has expanded to include millions of users and billions in transaction volume
El Salvador's Bitcoin purchase information can't be made public: Trustee
1.11.2022
As a development bank for El Salvador, BANDESAL created a $150 million trust fund to guarantee the convertibility to dollars for citizens and merchants
Indian Central Bank RBI Begins First Digital Rupee Pilot Today
1.11.2022
India’s central bank, the Reserve Bank of India (RBI), is launching its first digital rupee pilot on Nov. 1. with the participation of nine banks. “Settlement in central bank money would reduce transaction costs by pre-empting the need for settlement guarantee infrastructure or...
Nigeria’s Central Bank Doubles Down on Plans to Introduce Newly Designed Naira Banknotes
31.10.2022
The Nigerian central bank was, on Oct. 29, forced to defend its controversial currency redesign plans, just a few days after they were publicly questioned by Nigerian Finance Minister Zainab Ahmad. The central bank insists the move is long overdue and urged Nigerians “to support the currency...
Privacy Protection a Top Issue for Digital Yuan: China's Central Bank Governor
31.10.2022
Privacy protection is one of the top issues when it comes to Central Bank Digital Currency application, according to China's Central Bank Governor
US Tether Bank Fraud Investigation Changes Hands Within the DOJ: Report
31.10.2022
A criminal investigation into whether Tether’s executives committed bank fraud in the early days of the stablecoin issuer’s existence has been reassigned after months of stagnation, according to Bloomberg
Reserve Bank of India to reportedly launch digital rupee pilot in November
31.10.2022
Now debuting the wholesale CBDC, the RBI plans to launch the digital rupee for the retail segment within a month in select locations
India's Central Bank to Start Wholesale CBDC Pilot Nov. 1
31.10.2022
The Reserve Bank of India will begin its wholesale e-rupee pilot project on Nov. 1 with a focus on settlement of secondary market transactions in government securities
America’s Oldest Bank Says 70% of Institutional Clients Will Invest in Crypto If This One Thing Happens
31.10.2022
BNY Mellon, America’s oldest bank and one of the more crypto-friendly institutions, has said that 70% of institutional investors will increase their digital asset activity when more custody services are available. ...
Read More: America’s Oldest Bank Says 70% of Institutional Clients Will Invest...
Bank of Thailand Needs More Time to Complete and Launch Retail Digital Currency
31.10.2022
The central bank of Thailand is not going to rush with the launch of its digital currency as it’s not yet sure about the benefits it would bring. According to the head of the monetary authority, the development of the state-issued coin may take several years. Thailand’s Central Bank Wants to Better...
Professor Steve Hanke Says US Economy Was Flat Over the Last Year, but Stresses ‘It’s Going to Hit South’
30.10.2022
Amid the chaotic economy, plagued with central bank tinkering, supply chain issues, and red-hot inflation, the professor of applied economics at Johns Hopkins University, Steve Hanke believes a “pretty big recession” will take place in 2023. Speaking in an interview on Oct. 28, Hanke...
After Years of Uncertainty, Cryptocurrency Exchanges Can Open Bank Accounts in Chile
30.10.2022
After years of court battles in Chile, a cryptocurrency exchange has managed to open a bank account in Bci, a financial institution that established a protocol to serve these businesses. The first exchange that opened a bank account with the institution was Buda, a local exchange, which satisfied...
Fed’s Key Inflation Gauge Jumps 0.5% in September, America’s Rising Costs to ‘Punish’ Democrats
30.10.2022
The U.S. central bank’s key inflation gauge, the personal consumption expenditures (PCE) price index, increased by 0.5% in September, according to data released by the U.S. Commerce Department on Oct. 28. Meanwhile, markets expect with near-certainty that the Federal Reserve will codify its fourth...
Nigerian Central Bank Says It Will Release New Banknotes in December — Naira Falls to New Low
29.10.2022
Starting December 15, Nigerians will be using newly-designed 100, 200, 500 and 1,000-naira banknotes, the governor of the Central Bank of Nigeria (CBN) has said. The announcement has since resulted in the naira’s parallel market exchange rate versus the U.S. dollar dropping to a new low...
National Bank of Kazakhstan to Integrate Digital Tenge With BNB Chain, Binance CEO Unveils
28.10.2022
The central bank of Kazakhstan intends to use Binance’s blockchain platform Bnb Chain for the deployment of its upcoming digital currency. The decision was made public on social media by Changpeng Zhao, the chief executive of the global crypto exchange which was recently licensed to work...
Digital Bank Revolut to Allow Customers to Make Purchases With Crypto Balances
27.10.2022
The fintech firm recently won registration from the U.K.'s financial regulator to offer crypto services
UAE Central Bank Completes First CBDC Payment Transaction
27.10.2022
The Central Bank of the United Arab Emirates (CBUAE) has announced it has finalized mBridge, the world's largest pilot of central bank digital currency (CBDC) transactions in cooperation with the Digital Currency Institute of the People's Bank of China, its Chinese counterpart. Other partners...
ECB Raises Benchmark Rate by 75bps and Tones Down Long-Term Refinancing Operations
27.10.2022
On Thursday, the European Central Bank (ECB) announced the central bank’s third consecutive benchmark bank rate increase this year, raising the rate by 75 basis points (bps). In addition to the rate hike, the ECB changed the central bank’s targeted longer-term refinancing operations terms...
Kazakhstan to build central bank digital currency on BNB Chain
27.10.2022
Officials in Kazakhstan continue their close relationship with Binance, as the National Bank plans to integrate its CBDC on the BNB Chain