Auto Added by WPeMatico

Pierre Poilievre Backs Bill to Ban Central Bank Digital Currency in Canada

Pierre Poilievre, leader of Canada’s Conservative Party, backs a bill that seeks to ban central bank digital currency (CBDC) in Canada. He argues that a CBDC would give the government…

Continue ReadingPierre Poilievre Backs Bill to Ban Central Bank Digital Currency in Canada

Nigerian CBDC Adoption Lags, Makes Up Less Than 1% of Currency in Use

Nigeria’s central bank digital currency, known as the eNaira, was the first of its kind in Africa. However, it currently represents only about 0.36% of the total currency in circulation.…

Continue ReadingNigerian CBDC Adoption Lags, Makes Up Less Than 1% of Currency in Use

Giesecke+Devrient: Ghana CBDC Nullifies the Need for Multiple Intermediaries in Cross-Border Payments

The recently completed proof of concept by the Bank of Ghana and the Monetary Authority of Singapore demonstrated that the latter’s central bank digital currency enables cross-border payments, excluding many…

Continue ReadingGiesecke+Devrient: Ghana CBDC Nullifies the Need for Multiple Intermediaries in Cross-Border Payments

Putin Calls to ‘Seize the Moment’ to Kickstart Digital Ruble and Crypto Adoption In Russia

President Vladimir Putin declared it was time for Russia to create the environment needed to increase the adoption of digital assets and the Russian CBDC, the digital ruble, as part…

Continue ReadingPutin Calls to ‘Seize the Moment’ to Kickstart Digital Ruble and Crypto Adoption In Russia

Russian Senate Leader Predicts Use of CBDCs in BRICS Payment System

Valentina Matvienko, Chairman of the Russian Federation Council, talked about the role of national digital currencies, also known as CBDCs, in increasing the use of national currencies in BRICS trade.…

Continue ReadingRussian Senate Leader Predicts Use of CBDCs in BRICS Payment System

Israel’s Digital Shekel Plans Hinge on ECB’s Digital Currency Move

The Bank of Israel (BOI) is exploring a central bank digital currency (CBDC), a digital shekel, to modernize Israel’s payment system and drive innovation. However, BOI Deputy Governor Andrew Abir…

Continue ReadingIsrael’s Digital Shekel Plans Hinge on ECB’s Digital Currency Move

France and Hong Kong Collaborate to Advance Global Tokenization Market With CBDC Initiatives

The Banque de France (BDF) and the Hong Kong Monetary Authority (HKMA) have announced a collaboration on wholesale central bank digital currency (wCBDC). This partnership includes the HKMA’s involvement in…

Continue ReadingFrance and Hong Kong Collaborate to Advance Global Tokenization Market With CBDC Initiatives