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

Saudi Central Bank Taps Mohsen AlZahrani to Lead Virtual Assets Program

Saudi Central Bank Taps Mohsen AlZahrani to Lead Virtual Assets Program
Saudi Central Bank Taps Mohsen AlZahrani to Lead Virtual Assets Program
September 04, 2022  |  Personnel

The Saudi Central Bank has appointed Mohsen AlZahrani as the head of its virtual assets and central bank digital currency program, which could see the...

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Digital Dollar Project’s Sandbox to Study CBDC X-Border Payments
Digital Dollar Project’s Sandbox to Study CBDC X-Border Payments
August 31, 2022  |  CBDC

The Digital Dollar Project (DDP) will start a technical sandbox program starting in October to explore the technical aspects of implementing a U.S. central bank...

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Banks’ SMB Payments Pain Could Be Blockchain Payments Really Big Gain
Banks’ SMB Payments Pain Could Be Blockchain Payments Really Big Gain
August 30, 2022  |  B2B Payments

When it comes to cryptocurrency payments, a lot of attention is placed on consumers paying merchants, but business-to-business (B2B) payments are an area where crypto...

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CBDC Weekly: FIS Announces CBDC Virtual Lab; Nigeria Seeks eNaira Rollout Acceleration
CBDC Weekly: FIS Announces CBDC Virtual Lab; Nigeria Seeks eNaira Rollout Acceleration
August 29, 2022  |  CBDC

Financial services technology provider FIS recently announced the launch of a CBDC Virtual Lab that will give central banks, commercial banks and other financial participants the...

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Emerging Market Consumers Lukewarm on Value of CBDCs
Emerging Market Consumers Lukewarm on Value of CBDCs
August 29, 2022  |  CBDC

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...

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3 Things to Know About the UK’s DFMI Consortium Exploring Future of Money
3 Things to Know About the UK’s DFMI Consortium Exploring Future of Money
August 29, 2022  |  Cryptocurrency

Last week saw the launch of the Digital Financial Markets Infrastructure (DFMI) consortium, a cross-industry body committed to exploring the future of money through real...

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How Lessons From Nigeria’s eNaira Rollout Can Guide Future of CBDCs in Africa
How Lessons From Nigeria’s eNaira Rollout Can Guide Future of CBDCs in Africa
August 25, 2022  |  CBDC

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...

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FIS Intros Infrastructure Solution for Global Real-Time Payments, CBDCs 
FIS Intros Infrastructure Solution for Global Real-Time Payments, CBDCs 
August 25, 2022  |  Digital Payments

Financial services technology provider FIS is introducing a solution to enable central banks in more countries to update and innovate their existing real-time payments network...

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What China’s Slow Digital Yuan Rollout Says about CBDC Payments
What China’s Slow Digital Yuan Rollout Says about CBDC Payments
August 24, 2022  |  CBDC

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...

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