U.S. is not moving fast enough to develop a CBDC, says former CFTC chair
“We should act now to improve access to financial services through other means as well — the need is too great," said Tim Massad.
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Nearly 500,000 Nigerian CBDC Wallets Downloaded Since Launch
Nearly half a million e-naira wallets have been downloaded a few weeks after the central bank digital currency (CBDC) was officially launched by Nigerian President Muhammadu Buhari, the central bank…
Digital ruble should not affect inflation, Bank of Russia says
According to official data, Russia’s inflation rate reached 8.1% in October, the highest level in almost six years.
Digital Ruble Should Not Boost Inflation, Bank of Russia Says
Bank of Russia is preparing for a prolonged trial of the digital version of the national fiat to ensure this is a “full-fledged ruble,” the head of the monetary authority…
Federal Reserve Governors Don’t See Reason to Issue Central Bank Digital Currency
At least three Federal Reserve governors have said that they do not see a reason for the Fed to issue a central bank digital currency (CBDC). The Fed is currently…
Cryptocurrency Risks for the Financial Sector are Getting Closer: Bank Of England
Jon Cunliffe – Deputy Governor at the Bank of England – recently asserted that the risks cryptocurrencies pose to the financial sector are drawing closer. He urged regulators to take…
Law Decoded: Crypto cities, investor protection nation, Nov. 8–15
Major U.S. cities embrace crypto as federal regulators remain much harder to bring around.
Digital Euro as a Legal Tender in The EU Area Is a Likely Outcome, Says Top ECB Official
Fabio Panetta – Member of the Executive Board of the European Central Bank – revealed that the digital version of the euro might become a legal tender inside the European…
Every Large Bank Will Actively Consider Crypto in 1-3 Years, Says Former Citi CEO
A former CEO of Citigroup said that every major bank and securities firm will consider crypto trading or services within one to three years. He also hopes that central banks…
Giant Online Retailer JD Accepts China’s Digital Yuan for Payments on Singles Day: Report
One of the largest Chinese e-commerce platforms – JD.com – has reportedly enabled its customers to use the digital yuan for payments during the shopping festival – Singles Day. JD…
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