The Fed cites worries about stablecoin in its latest Financial Stability Report
The report points out stablecoin’s possible low stress resistance and overuse in leveraged cyptocurrency trading, reiterates its position on CBDC.
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Nigeria upgrades CBDC as crypto restrictions cripple fintech industry
Nigeria’s central bank has upgraded its eNaira to steer the country away from crypto even after a UN report stated that restrictions on digital currencies are stifling the nation's fintech…
BIS: 9 out of 10 Central Banks Worldwide Are Exploring Digital Currencies — Driven by Crypto Market
Nine out of 10 central banks globally are exploring central bank digital currencies (CBDCs), according to the latest survey by the Bank of International Settlements (BIS). Furthermore, “the emergence of…
Nigeria’s Central Bank to Allow Bill Payments in eNaira (Report)
The Central Bank of Nigeria (CBN) will reportedly enable locals to pay their bills, TV subscriptions, and flight tickets using the eNaira. The move is part of a campaign that…
IMF recommends the Bahamas ‘accelerate its education campaigns’ on CBDC
In addition to recommending the financial education of the public in the Bahamas, the IMF hinted at the importance of a “robust supervisory and regulatory framework” for digital assets.
90% of Central Banks Explore Launching CBDCs (BIS Survey)
In its most recent research, the Bank of International Settlements (BIS) estimated that nine out of ten central banks explore how to release their own CBDC. Moreover, 50% of those…
90% of surveyed central banks are exploring CBDCs — BIS
“Globally, more than two-thirds of central banks consider that they are likely to or might possibly issue a retail CBDC in either the short- or medium-term,” said the BIS.
‘Regulations are in place to help crypto businesses understand operations,’ says The Bahamas PM Philip Davis
The Bahamas Prime Minister Philip Davis shared his plans to welcome crypto businesses to the region during SALT’s Crypto Bahamas.
ECB Favors Transparency Over Privacy in Digital Euro Design, Presentation Reveals
The European Central Bank (ECB) leans toward a “transparent” digital euro over one that ensures a higher level of privacy for its users, a presentation devoted to the project has…
The European Central Bank Published Privacy Options for CBDC
When it comes to CBDCs, one of the main public concerns rests upon the potential encroachment upon privacy. The European Central Bank (ECB) recently published a presentation specifically addressing this…
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