Tag: CBDC

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 Jamaicas guvernör: Kryptovaluta "inte tillräckligt stabil för att vara ett bra betalningsmedel"

Guvernören för den jamaicanska centralbanken har varnat personer som använder eller har planer på att använda kryptovalutor för att vara uppmärksamma på de associerade riskerna. Guvernören tillade att kryptovalutor’ oförutsägbarhet innebär att de inte kan fungera som ett utbytesmedel. Inte......

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

Indias 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......

Thailand Exempts Crypto Transfers From VAT Until End of 2023

Authorities in Thailand have formally introduced a value-added tax (VAT) exemption for transfers of cryptocurrencies through government-approved exchanges. The tax break, in force until the end of next year, will also apply to digital currency issued by the Bank of Thailand.......

Get Real, Lagarde — The Underlying Asset ‘Guaranteeing’ Your Euro Scam Coin Is a Gun

With the approaching tsunami of central bank digital currencies (CBDCs) looming ever closer, it shouldnt come as a surprise when central banks shill their coins at the expense of sounder assets. Recently, European Central Bank president Christine Lagarde went so far......

SWIFT Is Experimenting With Decentralized Technologies to Allow CBDC Interconnection

SWIFT, the interbank payments protocol and messaging system, has announced it is working to connect the different central bank digital currency (CBDC) protocols in development today. The company has partnered with Capgemini, a digital services provider, making a series of experiments......

BIS: 9 out of 10 Central Banks Worldwide Are Exploring Digital Currencies — Driven by Crypto Market

Nine out of 10 central banks globally are exploring central bank digital currencies (CBDCs), according to the latest survey by the Bank of International Settlements (BIS). Furthermore, “the emergence of stablecoins and other cryptocurrencies have accelerated the work on CBDCs.BIS......

India Exploring Commercial Uses for Central Bank Digital Currency, Says Finance Minister

The Indian government is exploringseveral commercial use purposes and not just financial inclusionfor its central bank digital currency. Indias finance minister clarified that the aim is for the digital rupee, which will be backed by the Reserve Bank of......

Argentinian Government Advances the Creation of a National CBDC

The Argentinian government has taken the first steps in the launch of its own central bank digital currency (CBDC). A new decree identified the number 207/2022 gives new faculties to the Argentinian mint to involve in the investigation, development, and issuance......