Nigeria’s CBDC Inches Closer As Website Goes Live

Nigeria is set to be the first African country to launch its Central Bank Digital Currency. The website of the CBDC went live and has since recorded over one million hits, which is indicative of mass curiosity.

191 +

Central Bank of Nigeria awaits eNaira launch ahead of website's success

The countdown to launch one of the world's first central bank digital currencies has begun. On one hand, all eyes have been on China since it has been leading the CBDC race. On the other hand, a few oThe post Central Bank of Nigeria awaits eNaira launch ahead of website's success appeared first on AMBCrypto.

261 +

Here's why a multi-CBDC bridge is being tested on Ethereum

The race to launch the first CBDC is one the world is following intently. While most have their eyes fixed on China's digital yuan pilot, a group of countries has come together to take CBDCs a step fuThe post Here's why a multi-CBDC bridge is being tested on Ethereum appeared first on AMBCrypto.

187 +

US Fed on Digital Dollar - 'More important to do this right than to do it fast'

Countries around the world are scrambling to launch their CBDC projects as cryptocurrencies continue to become part and parcel of the financial system. The United States Federal Reserve seems to be inThe post US Fed on Digital Dollar - 'More important to do this right than to do it fast' appeared first on AMBCrypto.

234 +

Bhutan’s Central Bank Adopts Ripple’s XRP Ledger To Launch A Digital Version Of Its National Currency

Key takeaways Ripple announces a partnership with the central bank of Bhutan – the Royal Monetary Authority (RMA). The RMA plans to issue a CBDC using Ripple’s open-source XRP Ledger (XRPL).

277 +

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.

195 +

New decentralized stablecoin in China targets international trade

Conflux will provide the technology to launch an offshore RMB stablecoin pegged to China’s CBDC, the digital yuan.

101 +

Ripple Partners with Central Bank of Bhutan to Launch CBDC Trial

The central bank of Bhutan has picked Ripple as its CBDC partner

93 +

China: CBDC race gathers steam as more companies develop e-CNY products

Countries around the world have stepped up their efforts to launch and promote their Central Bank Digital Currencies (CBDC). And, China seems to be winning that race by a fair margin. In fact, accordiThe post China: CBDC race gathers steam as more companies develop e-CNY products appeared first on AMBCrypto.

273 +

Bank of International Settlements’ (BIS) Partners With Multiple Central Banks to Test Cross-Border CBDC Infrastructure

The race to launch a central bank digital currency (CBDC) is still on as several developed countries are working tirelessly to look into the effects of currency digitization. But, while some countries are taking the individual approach, there has also been a growth in collaborations towards this objective.

264 +

Australia, Singapore, Malaysia and South Africa launch joint CBDC pilot

The joint initiative will prototype shared DLT platforms enabling institutions to settle cross-border transactions using central bank digital currencies.

181 +

Reserve Bank of India to start CBDC trials soon

The Reserve Bank of India has announced that its first digital currency trials may launch as soon as December 2021. The central bank governor, Shaktikanta Das discussed in an interview, that central bThe post Reserve Bank of India to start CBDC trials soon appeared first on AMBCrypto.

211 +

Indian Central Bank Could Launch CBDC Trials by December

The Reserve Bank of India (RBI) could launch its first digital currency trials by December, according to central bank governor Shaktikanta Das. The post Indian Central Bank Could Launch CBDC Trials by December appeared first on BeInCrypto.

230 +

India might launch its CBDC model by December 2021, but here's the problem

While regulatory clarity on the question of cryptocurrencies is still lacking, India is ramping up its efforts to develop its own central bank digital currency [CBDC]. According to T Rabi Sankar, DepuThe post India might launch its CBDC model by December 2021, but here's the problem appeared first on AMBCrypto.

363 +

Venezuela is launching a digital currency in October

The South American country is set to launch its CBDC in the coming months…

The post Venezuela is launching a digital currency in October appeared first on Coin Journal.

117 +

Nigeria’s Central Bank Plans to Launch CBDC Pilot Scheme in October 2021

The Central Bank of Nigeria (CBN) is moving forward with its central bank digital currency project (CBDC) project, as the CBN will launch a digital naira pilot program later in October 2021. Nigeria Progresses With Digital Naira Initiative  According to the Peoples Gazette, the CBN made the announcement while addressing stakeholders at a webinar onRead More

430 +

India to Introduce ‘Digital Rupee’ In Wholesale and Retail Segments

The Reserve Bank of India (RBI) has finally unveiled its CBDC plans. It soon intends to launch an official digital currency in a phased manner, beginning with wholesale and retail segments. In a key-note speech at a webinar of a legal think tank on July 22, RBI Deputy Governor T. Rabi Shankar presented the central […]

173 +

Indi to Introduce ‘Digital Rupee’ In Wholesale and Retail Segments

The Reserve Bank of India (RBI) has finally unveiled its CBDC plans. It soon intends to launch an official digital currency in a phased manner, beginning with wholesale and retail segments. In a key-note speech at a webinar of a legal think tank on July 22, RBI Deputy Governor T. Rabi Shankar presented the central […]

193 +

UAE Central Bank’s 2023-2026 Roadmap Mentions CBDC Launch

The UAE Central Bank is getting serious about the launch of its digital currency. UAE Central Banks’ Ambitious Goals The Central Bank of the United Arab Emirates (UAE) has disclosed its roadmap for 2023-2026 which, among other milestones, includes the launch of a central bank digital currency (CBDC), a report by Gulf News confirms. ThereRead More

258 +

First CBDC Coming To Africa As Ghana Plans to Launch Pilot in September

The Bank of Ghana (BoG) will launch its central bank digital currency project’s pilot in September, according to the Bank’s First deputy governor, Maxwell Opuku-Afari. Modern Ghana, a local news outlet, reported that the deputy governor said the project is currently in its last phase of development, and implementation is expected to start in two […]

255 +

The Bank of Jamaica Chooses CBDC Over Cash – Pilot in August

Another candidate has joined the race to implement a Central Bank Digital Currency (CBDC), with the Bank of Jamaica (BOJ) making their announcement. According to a recent announcement, the BOJ plans to launch a pilot program for a CBDC next month.

214 +

Monetary Authority of Singapore Partners With World Bank and IMF to Launch Global CBDC Challenge

The Monetary Authority of Singapore (MAS) has launched a global challenge for financial institutions to submit ideas and solutions relating to retail Central Bank Digital Currencies (CBDCs). The apex bank unveiled the challenge in partnership with the International Monetary Fund (IMF), World Bank, Asian Development Bank, and the Organisation for Economic Co-operation and Development.

295 +

MAS, IMF and World Bank launch global retail CBDC challenge

The competition is designed to find innovative retail CBDC solutions that increase efficiencies and… The post MAS, IMF and World Bank launch global retail CBDC challenge appeared first on Coin Journal.

217 +

Singapore Monetary Authority Announces Global CBDC Challenge

The Monetary Authority of Singapore (MAS) announced the launch of a global challenge for retail central bank digital currencies (CBDCs). The post Singapore Monetary Authority Announces Global CBDC Challenge appeared first on BeInCrypto.

224 +

Report: Swiss National Bank Has No Plans for a Digital Swiss Franc

The Swiss are in no rush to launch a central bank digital currency (CBDC). Swiss National Bank Clears the Air on CBDC According to a report in the Swiss weekly business publication Handelszeitung, the Swiss National Bank (SNB) is in no rush to introduce a CBDC.

256 +

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.

130 +

Central Bank of Nigeria Looking to Launch CBDC in 2021

An official of the Central Bank of Nigeria (CBN) stated that the CBN is planning to issue its central bank digital currency (CBDC) before the end of 2021. CBN’s CBDC Project to Improve Foreign Remittance Transfers According to the News Agency of Nigeria on Thursday (June 10, 2021), Rakiya Mohammed, an IT specialist at theRead More

374 +

Nigeria’s central bank plans CBDC pilot launch before the end of 2021

The Central Bank of Nigeria says it is gearing up to test a sovereign digital currency to ease foreign remittance restrictions.

170 +

Ghana’s Central Bank Is Set to Launch Its CBDC

The CBDC race is on, and central banks all across the globe are either eyeing the launch of a state-backed cryptocurrency or studying the feasibility of its use. The most recent development in this regard comes from Ghana, as the governor of Ghana’s central bank, Ernest Addison, recently announced that his institution is now “inRead More

225 +

Bank of Indonesia joins other central banks in the race to launch a CBDC

The Bank of Indonesia (BI) is planning to launch a digital rupiah as central banks across the globe continue racing to issue CBDCs. A report unveiled this news on May 25, noting that the authority is already assessing platforms on which the digital rupiah can run on.

132 +

Indonesia Central Bank Looking to Launch a Sovereign Digital Currency

Bank Indonesia (BI), the central bank of the Republic of Indonesia, has joined other apex banks globally to explore central bank digital currency (CBDC), as the bank is planning to launch its digital currency amid a spike in online transactions.

108 +

South Korea Set to Launch CBDC Pilot Platform

South Korea has made significant progress towards development of its digital currency.

123 +

Korea approaching CBDC launch with a trial project

South Korea’s central wants to carry out a testnet for its central bank digital currency (CBDC). According to the announcement, the main reason for the test is to test whether CBDC can be used for settlement and remittance for goods and services.

170 +

UK May Launch Digital Currency Under Certain Circumstances: Bank of England Rep

Sir Jon Cunliffe of BoE has assumed that UK may issue a CBDC if they want to keep public money available to citizens

89 +

Bank of Israel Latest to Explore CBDC

Israel is the latest country to join the increasingly competitive CBDC race. Israel Plans to Launch Digital Shekel According to a report by Ledger Insights on May 12, the Bank of Israel recently released a working paper on a central bank digital currency (CBDC) that is intended as a basis for discussion and feedback. Notably,Read More

196 +

Georgia’s Central Bank Mulls CBDC Launch

Georgia’s central bank has revealed that it is looking to launch a central bank digital currency (CBDC), and is inviting relevant entities to help with the effort. The post Georgia’s Central Bank Mulls CBDC Launch appeared first on BeInCrypto.

183 +

Why Australia's central bank isn't buying the public policy case for CBDC launch

In a recently published report, Australia’s Senate committee on Technology and Finance laid down several recommendations for the government on the question of smart contracts, data standards, and thThe post Why Australia's central bank isn't buying the public policy case for CBDC launch appeared first on AMBCrypto.

210 +

Bank of Korea CBDC Experiments Planned for Second Half of 2021

The Bank of Korea will conduct simulation experiments for its CBDC in the second half of 2021, according to information on its official site. This marks yet another country ramping up its efforts to test and launch a CBDC.

174 +

Bank of England and HM Treasury Launch a Central Bank Digital Currency Taskforce

Her Majesty’s Treasury and the Bank of England have revealed the establishment of a central bank digital currency (CBDC) taskforce. According to the announcement, the group’s purpose aims to explore a potential UK CBDC.

173 +

Bank Of England And HM Treasury Launch CBDC Task Force to Evaluate Opportunities & Risks

The booming cryptocurrency industry is forcing national banks to look towards fiat-backed digital currencies as a way of regaining back control of the financial system. Even as the outcry for central bank digital currencies (CBDCs) is becoming more and more pronounced, many world governments are gradually launching their own independent programs to meet this growing […] The post Bank Of England And HM Treasury Launch CBDC Task Force to Evaluate Opportunities & Risks first appeared on BitcoinExchangeGuide.

244 +

UK to Launch Exploratory Taskforce for CBDC

Sunak announced about the CBDC at the Innovate Finance Global Summit. He said: “We’re launching a new task force between the Treasury and the Bank of England to coordinate exploratory work on a potential central bank digital currency.

283 +

World’s eight-oldest bank to explore the launch of a digital currency (CBDC)

Bank of England (BoE), the UK’s central bank and the world’s eighth-oldest bank, said it would form a task force to explore the launch of a digital currency, as per an official release today.

315 +

ECB: Digital Euro CBDC Launch Could Take Four Years

The ECB will be releasing the analysis it conducted after over 8,000 responses in a public consultation process on the matter. The decision on whether or not the bank will launch a CBDC could be made in the upcoming months.

149 +

Launch of CBDCs will Lower Bitcoin Demand, Says Bank of Korea Governor

The Korean Central Bank Governor believes the rise of CBDC will reduce demand for bitcoin (BTC) and other cryptocurrencies. CBDCs Could Hamper Bitcoin Demand In a rather interesting remark, Lee Ju-yeol, the Governor of the Bank of Korea recently state that the demand for bitcoin and other similar cryptocurrencies could dwindle once sovereign CBDCs areRead More

258 +

German federal bank runs successful blockchain system without a CBDC

Executives at the Deutsche Bundesbank are eager to launch a blockchain-based system without the need for a CBDC — and they just might succeed.

111 +

Morgan Stanley makes crypto debut as BTC falls off its peak

From the launch of new digital asset products to CBDC rollout plans, here are…

The post Morgan Stanley makes crypto debut as BTC falls off its peak appeared first on Coin Journal.

85 +

Bank of Russia to Launch Digital Ruble Pilot in 2021

Local reports from Russia indicate the country plans to complete its prototype for a digital ruble before the end of 2021. According to Prime, a financial news outlet, the central bank will launch pilot programs to test the CBDC in 2022 once the prototype is complete.

243 +

Korea’s Shinhan Bank Completes Digital Won CBDC Pilot

Shinhan Bank of South Korea has announced the completion of its central bank digital currency (CBDC) pilot. The project was carried out in conjunction with LG CNS and the team claims the pilot is in a bid to get the bank ready for the eventual launch of the nation’s digital won by the Bank ofRead More

222 +

China to Launch Biggest Digital Yuan Trial in Chengdu

China is leading the race to launch the world’s first fully adopted Central Bank Digital Currency (CBDC). It had earlier announced the commencement of trials for its digital yuan. The government gave out digital yuan to citizens as part of the test, encouraging retailers to accept it as a payment medium.

222 +