Bank Indonesia Aims to Fight Bitcoin with Its CBDC (Report)
The central bank of Indonesia is willing to issue a digital form of its national currency as a way to “fight” private digital assets. The financial institution believes a CBDC…
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Blockchains need to move toward standards for interoperable asset transfers
A new emerging economy, which includes blockchain-native tokens, digital tokens, stablecoins and CBDCs, requires interoperable blockchain standards.
ECB Paper Marks Success Factors for CBDCs, Digital Euro
A paper published by the European Central Bank (ECB) discusses various conditions for successful implementation of central bank digital currencies (CBDCs) such as the eurozone’s own digital euro. The authors…
US Treasury Secretary Yellen Says She’s Undecided Whether the Fed Should Issue Digital Currency
The U.S. Treasury Secretary Janet Yellen says that she has not made up her mind about whether the Fed should issue a central bank digital currency (CBDC). “There are some…
Digital dollar needs broad consensus among authorities, says US Treasury Secretary
Such a move would require broad consensus among Congress, the U.S. central bank and the White House.
Pandemic Drove Adoption but Information Dissemination Just as Important: Kenya-Based Blockchain Advocate
The adoption of blockchain technology and the use of cryptocurrencies by people in Africa surged to unprecedented levels in 2020. While many have attributed this to Covid-19, blockchain advocates believe…
Indonesia’s Central Bank Considers Issuing Digital Currency to ‘Fight’ Crypto
Bank Indonesia, the country’s central bank, is reportedly considering issuing a central bank digital currency (CBDC) to fight the use of cryptocurrency. “A CBDC would be one of the tools…
CBDC is a tool to combat Bitcoin, says Bank of Indonesia exec
“CBDC would be part of an effort to address the use of crypto in financial transactions,” Bank of Indonesia’s assistant governor Juda Agung said.
Nigerian Central Bank Wants Financial Institutions to Develop Products Based on Its CBDC
The Central Bank of Nigeria has said it wants players in the country’s payment industry to develop and help introduce products based on its central bank digital currency, the e-naira.…
Tanzanian Central Bank Preparing for CBDC to Ensure Country Is Not Left Behind
Florens Luoga, the governor of the Bank of Tanzania, said the apex bank has kickstarted preparations for a central bank digital currency. He said the bank was doing this to…
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