Central Bank

Interest in CBDC is growing all over the world. While many countries, most notably China, are actively working on developing their digital coins, some other countries are just preparing to jump on the bandwagon. Recently, Georgia has decided to join the CBDC race.

The wave of central bank digital currency (CBDC) is gaining traction around the world and the Ukrainian government plans to pay its employees with digital hryvnia.

China's Central Bank Digital Currency (CBDC) digital yuan, or e-CNY, has won a certain victory after completing tests in major Chinese cities. But the next war is now being fought between digital payment giants WeChat and Alipay.

The Reserve Bank of Australia (RBA) has advertised a position for a digital currency specialist. This is in line with the RBA's strategic plan to promote and support the development of payments in the country.

The Central Bank of Russia (CBR) has drawn up the Strategy on Financial Market Development by 2030, which makes clear its opposition to the cryptocurrency.

More than 60% of the world's Central Banks are now pursuing Central Bank Digital Currencies (CBDCs). Could this possibly challenge the autonomy of the US dollar?

Countries that have just started participating in the development of Central Bank Digital Currencies (CBDCs) are doing pretty well. Ghana is now launching its digital cedi in two months. In contrast, China started launching its digital yuan back in March 2018 and has yet to succeed.

As America tries to catch up in the development of the digital dollar, several obstacles still stand in its way. Congress remains divided on the issue, giving China even more of a chance to win.

El Salvador has left the whole world wondering whether it should follow suit after adopting bitcoin as legal tender this month, despite critics saying it comes with huge social, economic and political burdens. Africa, particularly Tanzania, could become a carbon copy of El Salvador.