CBDCs could lead to ‘deeply negative interest rates’: Wall Street Journal
Issuing CBDCs may give a central bank more power over interest rate adjustments according to a new report.
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Here’s why Algorand (ALGO) price just rallied to a new multi-year high
Institutional investment, new governance features and a groundbreaking project with the government of El Salvador are just a few of the factors behind ALGO’s rally to a new all-time high.
As Bitcoin debuts in El Salvador, Honduras and Guatemala study CBDCs
Honduras and Guatemala are studying central bank digital currencies and the value they could bring to their respective monetary systems.
Roxe hires ex-IMF economist to lead Bitcoin-backed CBDC project
Central bank digital currencies are the next frontier for blockchain. Roxe wants to make BTC hashrate the anchor for future CBDCs.
Project Giant: Nigeria’s CBDC set for pilot rollout on Independence Day
Nigeria’s central bank digital currency will go into pilot testing on Oct. 1 with a tiered AML/KYC regime for the eNaira.
Australia, Singapore, Malaysia, and South Africa to Conduct a Mutual CBDC Project: Report
The central banks of Australia, Singapore, Malaysia, and South Africa will reportedly launch a trial program to test cross-border payments employing different CBDCs. Their mission: to determine whether the move…
Chinese Banks Seek New Applications for Digital Yuan in Investment and Insurance
Two Chinese banks are expanding their pilot programs for the digital national fiat. The state-owned financial institutions have revealed they are aiming to allow digital yuan holders to acquire investment…
Central Bank of Nigeria Selects Barbados-Based Fintech Firm as Technical Partner for CBDC Project
The Central Bank of Nigeria (CBN) has named the fintech firm Bitt Inc. as a technical partner for its digital currency project, the e-naira. As a technical partner, Bitt is…
Crypto does not qualify as currency, says South Africa’s central bank governor
South Africa’s top banker has said that cryptocurrencies are more akin to assets than actual currencies.
Nigeria’s central bank partners with fintech firm Bitt Inc for CBDC rollout
The CBN considered Bitt Inc’s experience in the development of the Eastern Caribbean Central Bank’s DCash, launched in April.