Nigerians’ passion for crypto is stopping short at the eNaira
With less than 0.5% adoption, the central bank of Nigeria is struggling to push its eNaira CBDC to its citizens.
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New UK Prime Minister Rishi Sunak: Crypto Believer or CBDC Backer?
Rishi Sunak is all set to take over the role of the prime minister of the United Kingdom in a few days. Amidst dire economic headwinds, Sunak was voted into…
Rishi Sunak Is the U.K.’s New Prime Minister. Here’s What He Thinks of Crypto
Rishi Sunaks appointment as the new British Prime Minister could benefit the U.K.s burgeoning crypto industry. The U.K. Gets a New PM Rishi Sunak will become the U.K.s next Prime...
Japan’s International Payments System will test plastic cards for CBDC
Japan Credit Bureau will develop its CBDC infrastructure in collaboration with IDEMIA and Softspace.
Hong Kong Presents Digital Currency Prototype, Project Aurum
Financial authorities in Hong Kong have unveiled a prototype of the Chinese autonomous territory’s own central bank digital currency called Project Aurum. The two-tier platform features a wholesale interbank and…
Hong Kong unveils completed retail CBDC project that has a CBDC-backed stablecoin
The Hong Kong Monetary Authority and the BIS Innovation Hub cooperated on a unique CBDC design that reflects the realities of money issuing in the special administrative region.
Eswatini Central Bank Partners With German Firm to Explore CBDC
Eswatini recently became the latest African country to jump on the central bank digital currency (CBDC) bandwagon after its central bank selected Giesecke Devrient, a Germany-based technology firm, as its…
Chinese Researchers Propose Asian Digital Currency to Reduce Reliance on US Dollar
Experts from an economic institute in China have circulated the idea of creating a blockchain-powered digital currency that could lower Asia’s reliance on the greenback. The initiative comes against the…
Fed governor Waller says US CBDC would not enhance things the world loves about US fiat
The U.S. and the world benefit from the primacy of the U.S. dollar in the world economy, but it is stablecoin, not a CBDC, that will enhance the fiat’s place,…
Chinese Digital Currency Transactions Exceed 100 Billion Yuan, Central Bank Says
Spending with China’s state-issued digital currency has surpassed 100 billion yuan, close to $14 billion, by the end of August, the country’s monetary authority revealed. More than 5 million merchants…
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