It’s been over a year since the Central Bank of Nigeria (CBN) issued a circular prohibiting banks and other financial institutions from facilitating cryptocurrency transactions and processing payments for crypto exchanges, lest they risk “severe regulatory sanctions.” Get the Full Story Complete the form to...
In its August monetary policy statement, the Central Bank of Zimbabwe (CBZ) announced that it has developed a “roadmap for adoption of CBDC [central bank digital currency] in Zimbabwe,” embarking on the next stage of its journey toward the issuance of a government-backed digital currency....
The latest news about China’s digital yuan is that it can now be used to pay for bus rides in Guangzhou, joining subway systems in at least 10 cities, including Chengdu and Beijing, that accept the central bank digital currency. Get the Full Story Complete...
Aiming to make transactions easier for consumers and to put an end to tax evasion, Colombia is reportedly considering introducing a central bank digital currency (CBDC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Zimbabwe central bank governor John Mangudya has said there’s a “roadmap” to adopt a CBDC, a consultation paper from the bank said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
In a recent European Central Bank (ECB) working paper, central bank digital currencies (CBDCs) were discussed as being a potential “holy grail” for cross-border payments. In it, the authors highlighted the distinct advantages they perceived the technology held over bitcoin and stablecoins as technologies for...
A digital euro could be the “Holy Grail” of cross-border payments, according to a recent report by the European Central Bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Step by step, Nepal is looking into issuing its own central bank digital currency (CBDC), a report from Beincrypto said Monday (Aug. 8), quoting a local news story. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
A bipartisan group of lawmakers wants the Federal Reserve to speed efforts to issue a digital dollar and thus prevent countries like China from endangering the U.S. position as the world’s reserve currency. Get the Full Story Complete the form to unlock this article and...
