Nigerian president-elect aims to use blockchain technology in the banking sector
The Nigerian president-elect wants to review existing SEC digital asset regulations to stimulate economic growth.
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The Nigerian president-elect wants to review existing SEC digital asset regulations to stimulate economic growth.
Chinese social media platform Wechat has introduced support for the state-backed digital yuan in its popular payment app. Over a billion users will now ostensibly be able to take advantage…
Chinese social media platform WeChat has incorporated the digital yuan in its payment app to boost the CBDC’s popularity.
The bank concluded that a ‘hub-and-spoke’ model between CBDC domestic systems could “reduce settlement and counterparty risk" and complete cross-border transactions in seconds.
In addition to offline functionality, RBI is gauging CBDC’s potential for cross-border transactions and linkage with legacy systems of other countries.
Treasury Under Secretary for Domestic Finance Nellie Liang examined some of the design issues that would shape a potential U.S. digital dollar.
The bill authored by a Republican state legislator would prevent the use of cryptocurrency as a medium of exchange after July 1, 2024.
Despite the 20% discount, the e-CNY hard wallets don’t attract much attention from the islanders.
The use cases for the CBDC ranged from offline payments to “trusted Web3 commerce” and financial industry participants were invited to undertake a live pilot.
United States Representative Tom Emmer introduced legislation in the U.S. House of Representatives that could prevent the Federal Reserve from issuing a central bank digital currency.