Categoría: CBDC

Nepal Prepares to Issue Digital Currency, Drafts Necessary Amendments

A task force in Nepal has proposed legal changes allowing the countrys central bank to issue its own digital currency. The move comes after a study indicated that such an initiative is feasible and recommended certain provisions that would authorize the......

Director del Banco Central de Brasil elogia a Bitcoin como una innovación financiera, Charlas Programable Digital Real

Fabio Araujo, Director of the Central Bank of Brazil, has praised the properties of Bitcoin, saying it is a financial innovation using new technologies. To Araujo, Bitcoin was the catalyst for what is today known as Web3. At an event, Araujo......

Central African Republic Token Sale off to Slow Start — $1.26 Million Raised in Under 5 Días

The Central African Republics token sale appeared to have gotten to a slow start after less than 13 million out of the 210 million Sango coins were sold since the commencement of the sale on July 25. The country has claimed......

Credit Cards Should Not Be Used for Crypto Transactions, Taiwan’s Financial Watchdog Says

The financial regulator of Taiwan has asked local banks not to allow the use of cards for payments in transactions involving cryptocurrencies, local media revealed. The authority says these assets are risky while associated cash flows are hard to monitor. Taiwanese......

Harvard Professor Rogoff: Central Banks, Governments Are ‘Way Behind the Curve’ in Regulating Cryptocurrencies

Harvard Professor of Economics and former chief economist at the International Monetary Fund (IMF) Kenneth Rogoff says central banks and governments areway behind the curvein regulating cryptocurrencies. He added that officials throw out the idea of having central bank......

ECB’s Lagarde, Panetta See Digital Euro as More Efficient Payment Means Than Crypto

Unbacked cryptocurrencies are not an efficient means of payment and stablecoins are vulnerable to runs, top officials at the European Central Bank have pointed out in a new article making the case for a digital euro. The executives have marked key......

CBDC Ensures Nigeria Remains Competitive in Increasingly Digital World — Central Bank Governor

The governor of the Central Bank of Nigeria (CBN) has insisted the recently introduced e-naira digital currency can potentially boost trade and investment activities in the country. He added the digital currencywould be necessary in the future to ensure Nigeria......

Bank of Jamaica Governor: Cryptocurrency ‘Not Sufficiently Stable to Be a Good Means of Payment’

The governor of the Jamaican central bank has warned people using or who have plans to use cryptocurrencies to be mindful of the associated risks. The governor added that cryptocurrenciesunpredictability means they cannot function as a medium of exchange. Not......

Digital Real Will Be Used by Banks in Brazil as Collateral to Issue Their Own Stablecoins

The Brazilian central bank digital currency (CBDC), the digital real, will be more of a wholesale asset instead of a public retail-focused token, according to statements from the president of the Central Bank of Brazil, Roberto Campos Neto. Campos Neto indicated......

India’s Central Bank RBI to Adopt a ‘Graded Approach’ to Digital Currency Launch

India’s central bank, the Reserve Bank of India (RBI), has proposed to adopt agraded approachto launching the countrys central bank digital currency (CBDC). The RBI also said it is exploring the pros and cons of introducing a digital rupee......