Central Bank

3 Main Principles Driving the Development of CBDC and Their Implications for Cryptocurrency
Feb 17, 2021 at 14:53
News
3 Main Principles Driving the Development of CBDC and Their Implications for Cryptocurrency
Many countries are shifting towards introducing their own state-backed digital currencies. Central banks are exploring the potential of CBDCs. But is this effort really a good move on the rest of private coins including Bitcoin, Ethereum, and XRP?
Kenya’s Central Bank Decides to Use Bitcoin to Improve Economic Performance: Will this Yield Results?
Feb 15, 2021 at 12:58
News
Kenya’s Central Bank Decides to Use Bitcoin to Improve Economic Performance: Will this Yield Results?
Kenya, through its central bank, has lately announced a controversial move to employ bitcoin as a reserve currency in a bid to improve the country’s economic performance. However, whether or not this shift will serve the intended purpose remains a matter of debate.
3 Major Economic Implications of Central Bank Digital Currencies
Jan 31, 2021 at 15:23
News
3 Major Economic Implications of Central Bank Digital Currencies
The COVID-19 pandemic has opened the eyes of many central banks and has now taken a route of fintech innovation. Some of the major tools being currently looked at is introducing central bank digital currency (CBDC) into the finance and banking industry. But the main question is how these new forms of digital currencies impact the economy.
China Getting Closer to the Release of a Digital Yuan: Trials Extended
Jan 12, 2021 at 15:30
News
China Getting Closer to the Release of a Digital Yuan: Trials Extended
As many countries are competing to see who will be the first to launch an effective working central bank digital currency (CBDC), China seems to be in the lead of this game. The country has carried out several trials of its digital yuan in different parts of the country.
Ukraine Is Going to Jump on the CBDC Bandwagon with Stellar
Jan 07, 2021 at 15:43
News
Ukraine Is Going to Jump on the CBDC Bandwagon with Stellar
As most states in the world are moving towards rolling out their own state-backed blockchain-based digital currencies, Ukraine, a cryptocurrency-friendly country in Eastern Europe has also decided to follow the lead. The state is going to develop its own central bank digital currency (CBDC).
Russia Has Changed its Mind: Digital Ruble May Be Launched in 2021
Dec 02, 2020 at 10:54
News
Russia Has Changed its Mind: Digital Ruble May Be Launched in 2021
Russian authorities and regulators have been in a series of talks about releasing a central bank digital currency (CBDC) dubbed digital ruble for a long time.
Supporting Cryptocurrency Business: US takes the Lead
Nov 27, 2020 at 11:12
News
Supporting Cryptocurrency Business: US takes the Lead
The existing interaction between banks and cryptocurrency companies is not the best so far, and there are little to no efforts being put in place to address this issue. Some central banks are giving orders to other financial institutions not to deal in cryptocurrencies including Bitcoin. Bans and warnings have been issued by banks to keep away from using or trading cryptocurrencies.
Another CBDC Coming Soon: Lebanon Seeks to Fight Economic Crisis with Digital Currency
Nov 26, 2020 at 14:34
News
Another CBDC Coming Soon: Lebanon Seeks to Fight Economic Crisis with Digital Currency
The Central bank of Lebanon (BoL) is planning to release its state-backed digital currency known as digital pound. The bank is now the latest financial regulator to embrace the roll out of a central bank digital currency CBDC. The official launch is planned for 2021.
European Union Exploring Digital Euro: Central Bank Seeks Public Feedback
Nov 20, 2020 at 13:42
News
European Union Exploring Digital Euro: Central Bank Seeks Public Feedback
The European Central Bank Governing Council is advancing the work on the possible issuance and circulation of a digital euro, a type of central bank electronic money that would foil cash, not substitute it. Authorities want people to access and use these two types of money together, to offer greater choice and easier access to means of making payments.
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