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Here's how China might be leading the CBDC race as Winter Olympics draws near
One might be tempted to think that China has dropped out of the crypto race, due to its stance against crypto transactions and more recently, NFTs. However, the country's latest CBDC adoption stats suThe post Here's how China might be leading the CBDC race as Winter Olympics draws near appeared first on AMBCrypto. дальше »
2022-1-15 19:30 | |
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U.S. lawmaker limits Fed's authority in CBDC issuance through a new bill
Much like most central banks globally, the U. S. Federal Reserve has also been under the process of developing a central bank digital currency (CBDC) for quite a while. The country's pace or urgency wiThe post U. дальше »
2022-1-13 18:30 | |
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Report: e-CNY app downloads skyrocket in China ahead of Winter Olympics
China's e-CNY prototype, a centrally-backed digital currency, went live in select cities earlier this month. As the country is looking to officiate its CBDC during Winter Games, scheduled to take pThe post Report: e-CNY app downloads skyrocket in China ahead of Winter Olympics appeared first on AMBCrypto. дальше »
2022-1-11 03:00 | |
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WeChat Pay announces support for China’s digital yuan
Tencent Holdings’ WeChat App, the largest messaging app in China and one of the most popular payments in the country, has started supporting China’s central bank digital currency (CBDC). дальше »
2022-1-8 20:50 | |
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National Bank of Kazakhstan releases report on results of CBDC pilot project
In the crypto world, Kazakhstan made a name for itself as the safe haven offering refuge to crypto miners fleeing China's crackdowns. But the country is also active when comes to other parts of the fiThe post National Bank of Kazakhstan releases report on results of CBDC pilot project appeared first on AMBCrypto. дальше »
2021-12-15 18:00 | |
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Here's a major sign that a CBDC could soon be coming to Indonesia
There are countless reasons for a country to push for a CBDC. These include international rivalry, fintech innovation, a flailing currency, or - in one country's case - crypto itself. Indonesia hasThe post Here's a major sign that a CBDC could soon be coming to Indonesia appeared first on AMBCrypto. дальше »
2021-12-14 16:30 | |
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'We are definitely almost there,' Zimbabwe’s central bank governor on CBDC
Zimbabwe’s central bank Governor John Mangudya said in a recent interview, that the country is looking at a digital currency backed by the regulator at the moment, rather than cryptos like Bitcoin. дальше »
2021-12-8 23:30 | |
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Is Bitcoin On The Ropes? Indonesia’s CBDC Aims To Give A Fight
As Bitcoin has been declared ‘haram’ in Indonesia and the country’s Central Bank considers issuing a digital rupiah, an official suggested in the parliament that a central bank digital currency (CBDC) would be instrumental in fighting the threat that cryptocurrencies’ trading represents for the banks and fiat money. дальше »
2021-12-1 22:00 | |
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Ripple to help create a CBDC for this tiny island-nation
According to a press release shared by Ripple, the XRP ledger is all set to partner with the Republic of Palau to help circulate digital dollars in the country. The post Ripple to help create a CBDC for this tiny island-nation appeared first on CryptoSlate. дальше »
2021-11-25 02:00 | |
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Peru to partner with India, HK and Singapore central banks on a CBDC
The president of Peru’s central bank has indicated that the country will be joining forces with India, Singapore and Hong Kong to develop its own central bank digital currency. дальше »
2021-11-18 08:56 | |
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Peru Keeps Up With Crypto: The Central Bank Will Launch a CBDC
The Central Reserve Bank of Peru’s (BCRP) President, Julio Velarde, announced they are working on developing a CBDC in collaboration with other central banks around the globe. As the country experiences instability and inflation in goods and services, the central bank discusses financial models to fight the imminent crisis. дальше »
2021-11-18 02:59 | |
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CBDC or Bitcoin? Zimbabwe Sways Both Sides As Conflicting Reports Emerge
Early this week, word on crypto street suggested that Zimbabwe was plotting a full-scale cryptocurrency adoption. The country’s Minister of Information has refuted the claims that the country will be embracing cryptocurrencies. дальше »
2021-11-13 19:34 | |
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China e-CNY follows this principle, work on multi-CBDC bridge in progress
The world has been watching the rapid rollout of China's digital yuan, across the country. However, this was also reportedly followed by the country's first crime involving the CBDC. According to repoThe post China e-CNY follows this principle, work on multi-CBDC bridge in progress appeared first on AMBCrypto. дальше »
2021-11-10 14:30 | |
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Lithosphere Blockchain to Partner with Central Bank of Brazil to Launch Digital Real CBDC Trial, Launches Lithosphere (LITHO) IEO
Brazil is the latest country to look at digital currency as legal tender. The Lithosphere cryptocurrency platform developed by KaJ Labs, a Seattle blockchain firm, initiated discussions with... дальше »
2021-11-4 15:09 | |
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India unlikely to ban crypto as it is 'old school' according to this exec
H2: Time for India to take cognizance of China's CBDC development? Nischal Shetty, the founder of India-based crypto exchange WazirX, recently spoke about the country's crypto regulations in an intThe post India unlikely to ban crypto as it is 'old school' according to this exec appeared first on AMBCrypto. дальше »
2021-10-28 18:30 | |
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Nigeria’s CBDC Launch – All The Sides Of The Coin
Nigeria has officially launched its CBDC, the eNaira after minor hiccups along the way. The project has been hailed by the country’s government as one that will foster financial inclusion as well as usher in other benefits for the country. дальше »
2021-10-27 10:41 | |
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Nigeria’s president to official unveil the eNaira
Nigeria has in the past shown a negative stand towards cryptocurrencies. However, the recent announcement about the eNaira CBDC shows that the country is becoming more open towards cryptocurrencies. дальше »
2021-10-25 10:36 | |
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Report: China coerces McDonald’s to adopt e-CNY ahead of Winter Olympics
China is pressing fast-food company McDonald’s to embrace its central bank digital currency (CBDC) as the Beijing Winter Olympics inch closer. A report citing three people familiar with the matter disclosed this news earlier today, noting that McDonald’s has received instructions to integrate a digital renminbi payments system across its restaurants in the country. дальше »
2021-10-22 22:57 | |
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CBDC a 'high possibility' in South Korea, first test could take place before December
In the crypto sector, South Korea enjoys quite a bit of fame thanks to its "Kimchi Premium" and large alt coin market. However, the country's central bank authorities aren't far behind in crypto innovThe post CBDC a 'high possibility' in South Korea, first test could take place before December appeared first on AMBCrypto. дальше »
2021-10-10 20:00 | |
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US Federal Reserve would soon release ‘detailed plans’ for a digital dollar
In a new move that is set to change the dynamics of the financial industry in the United States, the country’s Federal Reserve is set to release detailed plans that will guide the process of reviewing the risks and benefits attached to issuing a central bank digital currency (CBDC), a report on Wall Street Journal […] The post US Federal Reserve would soon release ‘detailed plans’ for a digital dollar appeared first on CryptoSlate. дальше »
2021-10-6 16:00 | |
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Decline In Cash Usage Could Force New Zealand To Launch Digital Currency
Declining cash usage in New Zealand could inspire the country’s financial regulatory authorities to launch a central bank digital currency (CBDC) sooner than expected. Electronic transactions currently account for 90% of liquid money in the country according to an official statement from the Reserve Bank of New Zealand. Additionally, as of 2020, only 9% of […] дальше »
2021-10-6 17:40 | |
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Nigeria suspends launch of ambitious e-naira project
The apex bank of Nigeria has announced the postponement of the launch of the country’s CBDC project, eNaira. The post Nigeria suspends launch of ambitious e-naira project appeared first on CryptoSlate. дальше »
2021-10-5 19:00 | |
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Ripple to Launch Bhutan’s Central Bank Digital Currency Pilot on Its Private XRPL Ledger
Bhutan is the latest country to announce its plans for a central bank digital currency (CBDC) via a partnership with San Francisco-based Ripple Labs. Announced on Wednesday, the partnership will see the country’s central bank carry out trials on Ripple Labs CBDC platform. дальше »
2021-9-24 22:08 | |
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ConsenSys among 15 firms shortlisted to develop CBDC for crypto-friendly Singapore
Fifteen firms have been finalized by the Monetary Authority of Singapore (MAS), the country’s central bank, to develop a Central Bank Digital Currency (CBDC), a release from the MAS shows. The post ConsenSys among 15 firms shortlisted to develop CBDC for crypto-friendly Singapore appeared first on CryptoSlate. дальше »
2021-9-6 16:00 | |
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Australia, Malaysia, Singapore, South Africa Set To Test Cross-Border CBDC
CBDC, also central bank digital currency, is a digital token issued by a country. Many governments and central banks around the world are exploring the use of CBDCs. Even though they mostly remain in the hypothetical stage. дальше »
2021-9-6 00:00 | |
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Crypto-loving Nigeria begins eNaira CBDC project
Nigeria has upped the ante on its quest for a national digital currency as the Central bank of the African country has revealed that it will be partnering with Bitt Inc as a technical partner for the actualization of the “eNaira” project. дальше »
2021-9-2 07:00 | |
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Bitcoiners Uneased As Nigeria’s CBN Rolls Out CBDC Guidelines
Recent reports indicate that Nigeria, the West African country, is heading towards launching its promised Central Bank Digital Currency (CBDC). The Central Bank of Nigeria (CBN), in a sensitization circular to commercial banks, revealed the features of the e-Naira – the planned CBDC. дальше »
2021-9-1 16:29 | |
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Central Bank of Nigeria Informs Banks to Plan for e-Naira CBDC
The Central Bank of Nigeria has sent a detailed document regarding central bank digital currency (CBDC) guidance to financial institutions in the country. The document covers the testing and implementation of the e-Naira. дальше »
2021-8-31 13:01 | |
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Singapore selected 15 companies to participate in creating its CBDC
The race to issue CBDCs is still ongoing, with central banks around the world participating. Of course, not every country has joined the race, but enough of them for it to truly feel like global competition, with China still in the lead. дальше »
2021-8-31 17:33 | |
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Here's why this country's central bank thinks CBDCs are 'not necessary'
While most central banks around the world are moving to curb cryptocurrencies and replace them with a central bank digital currency [CBDC], Costa Rica has different plans. Like most, the Banco CentralThe post Here's why this country's central bank thinks CBDCs are 'not necessary' appeared first on AMBCrypto. дальше »
2021-8-21 02:30 | |
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Ukraine Minister Says First Digital Currency Pilot Could Focus on Staff Salary Payments
The head of Ukraine’s Ministry of Digital Transformation has said that paying the staff of the ministry in the proposed central bank digital currency (CBDC) is under consideration. Ukraine CBDC Pilot Could Initially Involve Salay Payments In a recent interview with local Ukraine news outlet TSN, Mikhail Fedorov, who is also the country’s deputy PrimeRead More дальше »
2021-8-19 11:00 | |
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Brazil prez meets with Brian Brooks and Circle to discuss possible CBDC
Brazil’s interest in the crypto space does not look like abating anytime soon as the President of the central bank of the country, Roberto Campos Neto, recently held a video conference call with two key figures in the crypto space regarding the rollout of a potential Central Bank Digital Currency (CBDC) in the country. дальше »
2021-8-18 19:00 | |
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Jamaica’s Central Bank Begins Minting Country’s Digital Currency (CBDC)
Central Bank Digital Currencies (CBDCs) have become a hot topic in the last year, with Asian giant China leading the charge. However, Caribbean nation Jamaica is now at the forefront following its roll-out of its first wholesale digital currency in a recently concluded ceremony. дальше »
2021-8-12 22:14 | |
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Will India's e-RUPI adoption pave the way for CBDC
Prime Minister of India, Narendra Modi launched e-RUPI, a digital voucher program in a bid to boost the country's fintech sector. The Indian government has been making efforts to digitize payments andThe post Will India's e-RUPI adoption pave the way for CBDC appeared first on AMBCrypto. дальше »
2021-8-11 14:32 | |
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Cambodia to Erase US Dollar Hegemony with Project Bakong
Cambodia’s central bank is working towards widespread adoption of its central bank digital currency (CBDC) with the ultimate aim of eliminating the US dollar hegemony in the country. Project Bakong to Eliminate USD Dependence Speaking to Nikkei Asia, the director-general of the National Bank of Cambodia (NBC) Chea Serey, noted that Project Bakong has witnessedRead More дальше »
2021-8-7 17:00 | |
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Vietnamese Government Planning to Conduct CBDC Pilot
Vietnam has become the latest country to explore central bank digital currency (CBDC), although the government has said that a sovereign digital currency would not replace the country’s fiat. Vietnam’s Proposed Digital Currency not a Cash Replacement According to Nikkei Asia on Monday (July 12, 2021), the decision by the Vietnamese government to explore theRead More дальше »
2021-7-13 23:00 | |
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MAS launches a CBDC challenge to attract FinTech firms into Singapore
The Singapore Monetary Authority (MAS) has rolled out a global challenge for retail central bank-issued digital currencies (CBDCs). The regulator seeks to attract FinTech firms and financial institutions across the globe into the country. дальше »
2021-6-30 02:11 | |
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CBDC: Chinese Residents Can Now Convert DCEP to Cash at ATM Points
The Industrial and Commercial Bank of China (ICBC), has now made it possible for Chinese residents to easily exchange their DCEP, the nation’s digital renminbi for fiat yuan and vice versa, at thousands of automated teller machine (ATM) locations in the country, according to a report on June 18, 2021. дальше »
2021-6-19 00:00 | |
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China has started paying builders in Xiong’an region with digital yuan
China has always been vocal about blockchain technology and the launch of central bank digital currency (CBDC). The country is also on the right track to roll out the first-ever government-issued digital currency for its citizens. дальше »
2021-6-16 14:45 | |
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Beijing to Disperse $6 Million in Digital Yuan in a Red Envelope Lottery
China’s central bank digital currency (CBDC) continues to gain further ground as the Beijing Local Financial Supervision and Administration Bureau revealed 40 million worth of the country’s digital yuan ($6. дальше »
2021-6-3 06:30 | |
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Russia’s Central Bank Governor: CBDC Is Future for Country’s Financial System
Russia’s central bank governor, Elvira Nabiullina, believes that digital currencies will be the future of financial systems as the country’s economy moves more online. The post Russia’s Central Bank Governor: CBDC Is Future for Country’s Financial System appeared first on BeInCrypto. дальше »
2021-6-3 23:17 | |
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