digital currency

Digital currency is a type of currency available in digital form. It exhibits properties similar to physical currencies, but can allow for instantaneous transactions and borderless transfer-of-ownership. Examples include virtual currencies, cryptocurrencies, and central bank digital currency.

Source: en.wikipedia.org

Argentina and Brazil Explore Common Currency
Argentina and Brazil Explore Common Currency
January 22, 2023  |  Latin America

The two biggest economies in South America are reportedly working on a common currency. Brazil and Argentina will announce the project this week, the Financial...

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Global CBDC Real-Time Payment Network Launches in Davos
Global CBDC Real-Time Payment Network Launches in Davos
January 19, 2023  |  CBDC

Leave it to the lofty inspirations of the World Economic Forum to come up with the Universal Digital Payments Network. This, as the new cross-border...

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People’s Bank of China Enables Offline Payments with Digital Yuan
People’s Bank of China Enables Offline Payments with Digital Yuan
January 16, 2023  |  CBDC

The People’s Bank of China has reportedly enabled Android users to make offline payments using digital yuan. With a new function added to the bank’s...

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Digital Pound’s Future Uncertain As Lawmakers Debate Financial Sector Oversight
Digital Pound’s Future Uncertain As Lawmakers Debate Financial Sector Oversight
January 16, 2023  |  Europe

A digital pound consultation is expected to be published in “weeks not months.” The comments were made by city minister Andrew Griffith during a Treasury...

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Nigeria Continues Crackdown on Cash Economy
Nigeria Continues Crackdown on Cash Economy
January 05, 2023  |  Cash

Nigeria will ban cash withdrawals from government accounts from March 1. Modibbo Tukur, the chief executive of the Nigerian Financial Intelligence Unit (NFIU) said the...

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Bitcoin’s 14th Birthday Is No Cause for a Party
Bitcoin’s 14th Birthday Is No Cause for a Party
January 03, 2023  |  Bitcoin

The bitcoin network came into existence Jan. 3, 2009, spawning the cryptocurrency market industry. Among other things, the peer-to-peer (P2P) electronic cash equivalent system promised...

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FTX: Bahamas Seized Digital Assets Without Authorization
FTX: Bahamas Seized Digital Assets Without Authorization
January 02, 2023  |  Cryptocurrency

FTX claimed the Securities Commission of The Bahamas seized its digital assets without authorization.  The firm and its affiliated debtors — together referred to as...

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OpenSea CEO: Future of NFTs is Rosy Despite Crypto Winter
OpenSea CEO: Future of NFTs is Rosy Despite Crypto Winter
December 29, 2022  |  NFTs

The head of NFT marketplace OpenSea is trying to distance his company’s products from cryptocurrencies. In an interview with the Financial Times (FT) published Thursday...

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Boston Fed, MIT Study Paints Path Forward for Digital Dollar
Boston Fed, MIT Study Paints Path Forward for Digital Dollar
December 22, 2022  |  Cryptocurrency

A U.S. digital dollar is possible, and researchers have built the framework to prove it. That’s according to a multi-year project from the Federal Reserve...

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