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’s eNaira Adoption May Be Hindered by Gov’t Mistrust

Nigeria’s eNaira Adoption May Be Hindered by Gov’t Mistrust
Nigeria’s eNaira Adoption May Be Hindered by Gov’t Mistrust
November 07, 2021  |  CBDC

Nigeria’s eNaira digital currency is proving popular, although some critics say the population’s mistrust of the government might hinder its progress, the Financial Times (FT)...

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ECB Board Member: Digital Euro Would Not Be Redundant
ECB Board Member: Digital Euro Would Not Be Redundant
November 05, 2021  |  CBDC

European Central Bank executive board member Fabio Panetta promised that the digital euro will be appealing to users and won’t be overwhelmed by other private...

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China’s Central Bank: 10M Businesses, 140M People Using Digital Yuan
China’s Central Bank: 10M Businesses, 140M People Using Digital Yuan
November 03, 2021  |  CBDC

Officials in China said the use of the digital yuan — or e-CNY — has surged to 140 million individual accounts and 10 million business...

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India’s Mulling of CBDC Spotlights US Digital Dollar Lag
India’s Mulling of CBDC Spotlights US Digital Dollar Lag
October 31, 2021  |  CBDC

Around the world, major economies have been moving, in some cases quickly, to embrace and launch central bank digital currencies (CBDCs). And yet, the United...

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Bitcoin Daily: Spanish Banks Await Gov’t Guidance on Crypto Services; Google Warns of Hackers Hijacking YouTube Channels for Crypto Scams
Bitcoin Daily: Spanish Banks Await Gov’t Guidance on Crypto Services; Google Warns of Hackers Hijacking...
October 24, 2021  |  Bitcoin

Bitcoin fell around 87 percent last week on Binance’s U.S. exchange, a Bloomberg report says. The price went to around $8,200, when previously it had...

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Nigeria to Debut its eNaira Currency Today
Nigeria to Debut its eNaira Currency Today
October 24, 2021  |  CBDC

  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...

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Concerns From Fmr. Fed Leader Cloud Way Forward for Digital Dollar
Concerns From Fmr. Fed Leader Cloud Way Forward for Digital Dollar
October 24, 2021  |  CBDC

In the United States, a central bank digital currency may be on the horizon — but not with the blockchain. Which begs the question: just...

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EMEA Daily: UK FinTech Plum Raises $13.9M in Series A Funding; Nigerian B2B Startup Alerzo Acquires FinTech Firm Shago Payments
EMEA Daily: UK FinTech Plum Raises $13.9M in Series A Funding; Nigerian B2B Startup Alerzo...
October 15, 2021  |  Cross-border Payments

In today’s top EMEA news, U.K. FinTech Plum closes a $13.9 million Series A funding round, and The Digital Pound Foundation wants to see a...

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