CBDC

The phrase "central bank digital currency" (CBDC) has been used to refer to various proposals involving digital currency issued by a central bank. The present concept of CBDCs was directly inspired by Bitcoin, but a CBDC is different from virtual currency and cryptocurrency, which are not issued by a state and lack the legal tender status declared by the government.

Source: en.wikipedia.org

Nigeria to Amend eNaira Model to Promote CBDC Use

Nigeria to Amend eNaira Model to Promote CBDC Use
Nigeria to Amend eNaira Model to Promote CBDC Use
July 26, 2023  |  CBDC

Nigeria’s central bank wants more citizens to use its digital currency. To that end, the bank’s acting governor, Folashodun Adebisi Shonubi, tweeted Wednesday (July 26) that the Central...

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Report: Russia Could Begin Testing Digital Ruble in August
Report: Russia Could Begin Testing Digital Ruble in August
July 19, 2023  |  CBDC

Russia could reportedly begin testing a digital ruble before the summer’s end. Lawmakers in the country, whose payment systems have been hamstrung since last year...

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BritCoin Insider Says Innovations Built on CBDCs Will Change Nature of Finance 
BritCoin Insider Says Innovations Built on CBDCs Will Change Nature of Finance 
July 18, 2023  |  CBDC

As you read this, the very nature of money is being interrogated and experimentally reshaped. “There’s a huge global trend going on right now into...

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BIS: Crypto’s ‘Inherent’ Flaws a Threat to Monetary System 
BIS: Crypto’s ‘Inherent’ Flaws a Threat to Monetary System 
July 11, 2023  |  Cryptocurrency

There may be no room for crypto within banking or traditional financial services at all. And in fact, the Bank of International Settlements said in...

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BIS: 93% of Central Banks Working on Digital Currencies
BIS: 93% of Central Banks Working on Digital Currencies
July 10, 2023  |  CBDC

A new Bank of International Settlements (BIS) survey shows the increasing popularity of central bank digital currencies. The survey, released Monday (July 10), found that the share of central...

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Singapore-Based DBS Launches Digital Yuan Merchant Collection Solution in China
Singapore-Based DBS Launches Digital Yuan Merchant Collection Solution in China
July 07, 2023  |  CBDC

DBS has launched a digital yuan (e-CNY) merchant collection solution and completed its first e-CNY transaction for a client. The Singapore-headquartered financial services group’s DBS China...

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Will Private Blockchain and the Fed Make Tokenized Deposits Mainstream?
Will Private Blockchain and the Fed Make Tokenized Deposits Mainstream?
July 07, 2023  |  CBDC

A digital dollar may be on the horizon — or at least, it’s feasible. After a 12-week project, the Federal Reserve and nine marquee names in banking said Thursday...

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NY Fed: Digital Dollar Could Improve Cross-Border Payments
NY Fed: Digital Dollar Could Improve Cross-Border Payments
July 06, 2023  |  CBDC

The New York Federal Reserve said a digital dollar could improve cross-border and domestic payments. That’s according to the results of a test by the Fed’s New...

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