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Russia to Change 13 Laws and Codes for Digital Ruble

Authorities in Russia are gearing up to amend various pieces of legislation to facilitate the issuing and function of the digital ruble. Officials in Moscow believe this version of the…

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Digital Euro Should Be Attractive But Not ‘Too Successful,’ ECB’s Panetta Says

The digital euro should be an attractive means of payment but its design should prevent it from becoming so successful as a store of value that it threatens banks and…

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Nigerian Experts Insist Africa’s First CBDC Is Presently Not for the Unbanked

While the Central Bank of Nigeria (CBN) continues to tout the e-naira’s credentials as a tool for fostering financial inclusion, some experts agree that this central bank digital currency (CBDC)…

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Islamic Organization in Indonesia Issues Fatwa Against Cryptocurrency

A provincial branch of one the largest Islamic organizations in Indonesia has declared cryptocurrency “haram,” or forbidden under religious law. The decision came after a “heated discussion” joined by a…

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CBDC Could Increase Nigeria’s GDP by $29 Billion in 10 Years: President Buhari

The Nigerian president, Muhammadu Buhari, suggested in a recent speech that the new e-naira central bank digital currency (CBDC) could lead to an increase in the value of his country’s…

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Nigerian President Muhammadu Buhari to Unveil Country’s CBDC

The Nigerian President, Muhammadu Buhari, is expected to formally launch the country’s central bank digital currency (CBDC) on October 25, 2021. High-Level Endorsement of the CBDC According to a statement…

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Nigerian Central Bank Says It Is Now Ready to Launch CBDC, Downplays Previous Failure

After failing to roll out its CBDC on October 1, the Central Bank of Nigeria (CBN) has released a document in which it reiterates its commitment to launching the e-naira.…

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