Nigeria’s eNaira digital currency will roll out officially on Monday (Oct. 25), according to Reuters. The news comes after Nigeria earlier this year banned banks from dealing in or facilitating in crypto transactions. The country will be using Bitt Inc, based in Barbados, as...
In the United States, a central bank digital currency may be on the horizon — but not with the blockchain. Which begs the question: just how will the digital dollar be issued and maintained, and how will the ecosystem itself be created? In news this...
The 13 principles for central bank digital currencies (CBDCs) released this week by G-7 finance officials show that, even as none of those countries have issued their own digital currencies, caution seems to reign. The G7 exists as an inter-governmental group comprised of Canada, France,...
While interest in central bank digital currencies (CBDCs) continues to soar around the world, a group of innovation and regulatory experts in the U.K. are taking a proactive step to promote its launch in the country. Big-name brands including Accenture, Billon Group, Ava Labs, CGI...
Blockchain solutions provider Ripple has joined the Digital Pound Foundation, a nonprofit focused on the creation and implementation of a digital pound in the United Kingdom, according to a Thursday (Oct. 14) press release. Susan Friedman, Ripple’s head of policy, will represent the company as a...
Time is of the essence, as banks grapple with the looming threat of central bank digital currencies (CBDCs). In other words, perhaps, the more time, the better. To that end, a group of central banks – seven of them in all, gathered into a working...
As soon as this week, the Federal Reserve could begin weighing the possible risks and benefits of issuing a U.S. digital currency, according to a Monday (Oct. 4) report from The Wall Street Journal (WSJ). With federal officials being split on the issue, it could...
In the United States, there will be no ban on cryptocurrencies — but one wonders what will become of central bank digital currencies, in particular the digital dollar, when (perhaps if) they are introduced into what will undoubtedly be a crowded field of digital currency...
The Reserve Bank of New Zealand (RBNZ) released two issues papers on Thursday (Sept. 30) that outline the central bank’s thoughts about the pros and cons of circulating a central bank digital currency (CBDC), and is seeking public input before crafting a more specific blueprint....