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Nigerian Central Bank Refutes Media Reports Suggesting Its CBDC Poses a Threat to Financial Stability
11.10.2023
The Nigerian central bank has disputed media reports suggesting its Sept. 11, 2023 document implies that its e-naira currency poses a threat to financial stability. The central bank said it felt compelled “to clarify the reports to ensure that misunderstandings are not fostered.” Book...
More Russian Banks Say They’ll Join Digital Ruble Pilot – CBDC Advances?
11.10.2023
More Russian banks will join the digital ruble pilot, with Center-invest Bank, which mainly operates in the nation’s south, set to trial the CBDC next year.
Per Rostov Gazeta, Center-invest Bank has “signed a digital ruble [partnership] agreement with the [CBDC’s] operator, the Central Bank.”
The...
China Debuts Digital Yuan Interconnection With Hong Kong Payment System During 19th Asian Games
10.10.2023
The Chinese digital yuan, China’s central bank digital currency (CBDC), now features an interconnection with the Hong Kong payment system, allowing tourists coming to mainland China to purchase and top up a digital yuan wallet. The system, created by the Digital Currency Research Institute...
Bank of Canada Study: CBDC Can Help Overcome Inclusion Issues
10.10.2023
A recent study conducted by the Bank of Canada delved into the role a central bank digital currency (CBDC) would play in improving financial inclusion, digital inclusion, and accessibility. The study concludes that while the Canadian financial ecosystem is inclusive, a CBDC might help tackle...
China Says Overseas Visitors Are Using e-CNY, Paying More Salaries with CBDC
10.10.2023
Chinese officials say uptake for the digital yuan is rising among overseas visitors – while more citizens are receiving their salaries in CBDC wallets.
Per the Hangzhou Daily, state-run banks in the Hangzhou Asian Games Village “welcomed delegations [athletes and coaches]” from across Asia...
Exclusive: Reserve Bank of Australia’s Approach Towards Issuing eAUD is “Multifaceted,” Says Canvas Head David Lavecky
9.10.2023
A recent report from the U.S.-based Atlantic Council think tank revealed that a total of 130 countries are now exploring central bank-issued digital currencies (CBDCs). Over half of those are already in advanced development, pilot or launch phases.
However, when it comes to Australia, the process...
Italy’s Cipollone Defends Digital Euro as He Seeks ECB Role
9.10.2023
Remarks at a parliamentary hearing suggest no digital currency swerve when Fabio Panetta steps down in November
Today in Crypto: Avant Arte & Yuga Labs Set to Bring 10,000 CryptoPunks Into the Physical Realm, Pfizer-backed VitaDAO Launches Biotech Firm for Longevity Experiments on Animals
9.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Avant Arte & Yuga Labs Set to Bring 10,000 CryptoPunks Into the Physical Realm, Pfizer-backed VitaDAO...
Bank of Korea and BIS Prepare Wholesale CBDC Pilot
7.10.2023
The Bank of Korea and the Bank for International Settlements (BIS) have announced a new pilot that will test the functionality of a Korean wholesale central bank digital currency (CBDC), which will serve as a tool for banks to settle interbank transactions and issue CBDC-backed digital currencies...
American Economist Jeffrey Sachs Heralds End of Dollar Hegemony: ‘Central Bank Digital Currencies Will Become the Basis of Payments’
7.10.2023
Jeffrey Sachs, an American economist and best-selling author, has stated that the end of the dollar’s hegemony is near and that central bank digital currencies (CBDCs) will become the basis of cross-border settlements. For Sachs, the abuse of the U.S. dollar as a geopolitical weapon is one...
How will CBDCs be used for political oppression in your country?
5.10.2023
Central bank digital currencies (CBDCs) are poised to give politicians unprecedented power to track your data, restrict your movements, and control your life
South Korea's Central Bank to Test Wholesale CBDCs in New Partnership – Here's What You Need to Know
5.10.2023
South Korea's central bank, the Bank of Korea (BoK), is set to embark on a wholesale central bank digital currency (CBDC) test in collaboration with the Bank for International Settlements (BIS) and other key institutions, the BOK announced on Wednesday.
The pilot project aims to assess...
Argentine Peso Reaches Record Lows After National Digital Currency Push
5.10.2023
The Argentine peso reached record lows Wednesday after the economy minister and presidential candidate Sergio Massa proposed issuing a national digital currency. The informal blue exchange rate rose to 850 pesos per dollar, later retracing to 843 pesos per greenback. Massa stated he would send...
“CBDC to Aid Taxation” Argentina’s Central Bank Backs Massa’s Plan For a Digital Peso
5.10.2023
Argentina’s central bank has expressly backed Sergio Massa’s bid to roll out a Central Bank Digital Currency (CBDC) if elected President.
Juan Agustín D’Attellis Noguera, a director of Banco Central de la República Argentina explained that a ‘digital peso’ will offer multiple benefits for...
CBDC will improve tax collection — Argentine central bank director
5.10.2023
Juan Agustín D’Attellis Noguera publicly supported Sergio Massa in promoting a central bank digital currency as a remedy for the national economy
South Korean Central Bank Sets ‘Real-World’ CBDC Pilot Date
5.10.2023
The South Korean central bank has set a date for its “real-world” CBDC pilot, with the first citizens slated to use the coin in the fourth quarter of FY2024.
Per the broadcaster KBS, the Bank of Korea (BOK) will team up with the country’s top financial regulators – the Financial Services...
Central banks will face unfamiliar challenges to achieve CBDC inclusivity, study says
4.10.2023
The potential is there, but the difficulties in achieving financial inclusivity are often underestimated, a Bank of Canada study shows
Bank of France Deputy Governor Views CBDCs as a Catalyst For Cross-border Payments
4.10.2023
Denis Beau, the first deputy governor of Banque de France has referred to Central Bank Digital Currencies (CBDCs) as a foundation for a new global monetary system.
According to him, CBDCs should be developed to implement cross-border payments rather than for local financial settlements alone...
Argentina’s Presidential Candidates Bitcoin and CBDCs Debate Trigger Reactions
4.10.2023
Argentina’s presidential candidate, Sergio Massa has touted a Central Bank Digital Currency (CBDC) to solve the country’s worsening inflation crisis.
In the nation's first Presidential debate, Massa who currently serves as Economy Minister wants a digital currency to put the economy at the same...
Bank of Korea to start CBDC infrastructure pilot
4.10.2023
The pilot will include private banks and public institutions, while the Bank for International Settlements (BIS) will support it with technical expertise