CBDC Alternative FedNow to Launch Next Summer
The U.S. Federal Reserve says that it will introduce its instant payments service, FedNow, by next summer. FedNow Set to Launch Next Year The Federal Reserve is getting ready to...
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China Introduces Digital Yuan Payments in Ningbo Subway, Guangzhou Buses
Authorities in two Chinese cities are promoting the digital yuan as a payment method in the public transportation system. Commuters on the subway of Ningbo and those taking the bus…
Amendments to US commercial code differentiate crypto and ‘electronic money’
The updated guidelines seek to clarify the terms of crypto assets lending and specify the status of CBDCs.
Ghana Central Bank Announces Launch of Regulatory Sandbox
Ghana’s recently launched regulatory and innovation sandbox is the latest proof of the central bank’s commitment to a regulatory environment that promotes “innovation, financial inclusion and financial stability,” a statement…
Second Biggest Brazilian Bank Bradesco Not Interested in Crypto, Alleges It Is Still ‘Very Small’
Bradesco, one of the biggest banks in Brazil, has stated it does not have plans to enter the cryptocurrency market in the near future. In an interview, Bradesco CEO Octavio…
China begins next phase of CBDC testing with e-CNY payment for public transport
Scan and pay with e-CNY is now available in multiple Chinese cities for citizens looking to ride their local buses and subways.
Report: Nigerian Central Bank Targets Tenfold Increase in Number of CBDC Users, Governor Says Use of Cash Will ‘Dissipate to Zero’
Despite the apparent slow embrace of the e-naira digital currency by Nigerians, the Central Bank of Nigeria governor has said his institution is targeting a tenfold increase in the number…
CBDC Could Combat Market Dominance From BigTech: ECB
The European Central Bank unveiled a discussion paper this week on the pros, cons, and economics of implementing central bank digital currency (CBDC). It suggested that CBDCs could help stave…
Nigeria aims for millions of new eNaira users as it increases features, targets unbanked
Nigerian Central Bank governor Godwin Emefiele told attendees at the eNaira Hackathon that technical upgrades will add to the attractiveness and accessibility of the CBDC.
CBDCs only solution to ‘smooth continuation’ of the monetary system: ECB
The European Central Bank working paper sought to identify issues and consensus regarding CBDCs, as well as to identify gaps in the research — such as what users want.
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