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Chinese retail giant JD accepts digital yuan payments for Singles Day
11.11.2021
Some 450,000 JD.com customers have used China’s digital yuan for payments as of June 2021
Digital Ruble to Give Russians What They Need, Bank of Russia Governor Says
11.11.2021
The digital ruble is what Russian citizens need as it will facilitate inexpensive and reliable payments, the head of Bank of Russia, Elvira Nabiullina, told participants in an international banking forum. The governor also warned that cryptocurrencies and fiat-backed stablecoins create risks...
NYCCoin, Cambridge on Tezos, Tether on Avalanche + More News
10.11.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
The NYCCoin is set to launch on Thursday, November 11, with the community-led proposal endorsed by New York City Mayor-elect Eric Adams....
Zimbabwe minister signals CBDC interest amid Bitcoin adoption rumors
10.11.2021
Minister Monica Mutsvangwa clarified that Zimbabwe is not considering the adoption of cryptocurrencies or Bitcoin
PBoC governor says digital yuan to be more privacy-enhanced than payment apps
9.11.2021
Making the e-CNY more privacy-orientated aside, the PBoC already has ambitions to bring the CBDC onto the world stage
UK Treasury and central bank will consult on CBDC, potentially launching by 2030
9.11.2021
"The earliest date for launch of a U.K. CBDC would be in the second half of the decade,” said the Bank of England, adding no final decision has yet been made
Russia to change laws for digital ruble while central bank mulls 2022 prototype
9.11.2021
Russian lawmakers will reportedly begin working on the legal adjustments needed to implement the digital ruble plan scheduled for early 2022
Retail-focused Singaporean CBDC to hedge against privately issued stablecoins
9.11.2021
The retail CBDC will be developed in partnership with private entities, which "would be the digital equivalent of today's notes and coins."
Russia to Change 13 Laws and Codes for Digital Ruble
8.11.2021
Authorities in Russia are gearing up to amend various pieces of legislation to facilitate the issuing and function of the digital ruble. Officials in Moscow believe this version of the national fiat needs to be regulated separately from other digital forms of money such as cryptocurrencies. Russia...
Digital Euro Should Be Attractive But Not ‘Too Successful,’ ECB’s Panetta Says
7.11.2021
The digital euro should be an attractive means of payment but its design should prevent it from becoming so successful as a store of value that it threatens banks and private money, according to Fabio Panetta, a high-ranking executive at the European Central Bank. Panetta stressed that both this...
China’s Digital Currency Used in Transactions Worth $10 Billion, 140 Million People Have Digital Yuan Wallets
7.11.2021
China’s central bank digital currency (CBDC), the digital yuan, has been used in transactions worth nearly $10 billion, according to an official with the Chinese central bank, the People’s Bank of China (PBOC). In addition, the government digital wallet has been downloaded by about...
Nigerian Experts Insist Africa’s First CBDC Is Presently Not for the Unbanked
6.11.2021
While the Central Bank of Nigeria (CBN) continues to tout the e-naira’s credentials as a tool for fostering financial inclusion, some experts agree that this central bank digital currency (CBDC) is presently not doing this. The CBDC’s Chaotic Start This assertion as well as...
Over 140 million people have digital yuan accounts, says PBoC head
3.11.2021
China’s CBDC hit 62 billion yuan in total transactions processed, according to PBoC’s digital currency head
eNaira slowly gains traction post-launch amidst glitches
1.11.2021
Nigerian government officials have big expectations regarding the eNaira
Mastercard is preparing its infrastructure for the deployment of CBDCs
28.10.2021
The world's third-largest consumer payment processor remains bullish on the adoption of CBDCs
CBDC Could Increase Nigeria’s GDP by $29 Billion in 10 Years: President Buhari
28.10.2021
The Nigerian president, Muhammadu Buhari, suggested in a recent speech that the new e-naira central bank digital currency (CBDC) could lead to an increase in the value of his country’s GDP by $29 billion in ten years. Africa’s First CBDC President Buhari made bold remarks in...
ECB Appoints Advisory Group for Digital Euro Project
27.10.2021
The European Central Bank (ECB) has appointed an advisory group for the digital euro project. Called the Digital Euro Market Advisory Group, it was founded with 30 members from business backgrounds. The council will have a say in the design, distribution, and value that this new digital currency...
Nigeria Launches CBDC Amid Efforts To Tighten Grip Over Crypto Market
25.10.2021
Nigeria’s President Muhammadu Buhari should launch a central bank digital currency (CBDC) today to enhance the operations of the country’s payments system.
“Following [a] series of engagements with relevant stakeholders including the banking community, fintech operators, merchants and indeed,...
Nigerian President Muhammadu Buhari to Unveil Country’s CBDC
25.10.2021
The Nigerian President, Muhammadu Buhari, is expected to formally launch the country’s central bank digital currency (CBDC) on October 25, 2021. High-Level Endorsement of the CBDC According to a statement released by the Central Bank of Nigeria (CBN), the formal event marking...
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...