May 1st, 2025
CBDC News - Page 22
PBOC Unveils Machine that Converts Foreign Currencies to Digital Yuan as CBDC Debuts at CIIE
By Ibukun Ogundare
November 8th, 2021
China’s digital yuan made a debut at the China International Import Expo (CIIE).
Digital Yuan Pilot Advances with Over $9.5B Spent in Transactions
By Godfrey Benjamin
November 3rd, 2021
While the e-CNY is billed to offer almost the similar features as stablecoins, it is centralized in nature.
Mastercard Preparing Its Network for CBDCs Deployment
By Ibukun Ogundare
October 29th, 2021
The Mastercard CEO, Michael Miebach, is confident that the company is ready to offer its service when governments begin to issue CBDCs.
Nigeria Launches eNaira CBDC Project Today
By Oluwapelumi Adejumo
October 25th, 2021
On the eNaira official website, it was revealed that the banks in the country have a significant role in the implementation of the currency.
Ripple Joins Digital Pound Foundation, Set to Work on Development of CBDC for UK
By Juhi Mirza
October 15th, 2021
Earlier this year, the Bank of England was the first among others to have released a detailed document on CBDCs.
Hong Kong Monetary Authority Releases Technical Whitepaper on Its CBDC
By Kofi Ansah
October 4th, 2021
The HKMA aims to deliver the initial view of e-HKD by the middle of next year. The published whitepaper covers the research methodology and technical realization of the financial solution.
Bank of England Announces PayPal, Spotify and Others as CBDC Forum Members
By Juhi Mirza
September 30th, 2021
As per BoE, the intention behind establishing the engagement forum is to accumulate relevant information and data related to the policy formation and functional requirements for its CBDC initiative.
Nexi Working with ECB to Develop Central Bank Digital Currency
By Babafemi Adebajo
September 23rd, 2021
Although unconfirmed from an ECB source, Nexi CEO is bold in his assertions that his company is helping to shape ECBs approach to CBDCs.
Jerome Powell Says Fed Is Considering Its Own Digital Currency
By Darya Rudz
September 23rd, 2021
Since the dollar is important globally, it is essential that the Fed remains fully engaged in CBDC research and policy development. The Fed will release the results of its CBDC research very soon.
ECB President Warns Against Bitcoin and Altcoins amid Sharp Correction in Crypto Market
By Bhushan Akolkar
September 20th, 2021
Calling them as “highly speculative” and “suspicious” assets, Christine Lagarde warns off the upcoming bubble in the crypto space.
EU Allocates $177B to Invest in Blockchain and Emerging Tech
By Godfrey Benjamin
September 16th, 2021
While the impacts of the nascent tech are being felt within the European Union as Bitcoin (BTC), Ethereum (ETH), Stablecoins, and other primary expressions or applications of the tech are growing in adoption by the day.
Nigeria’s Central Bank Outlines 5-Stage Step for Its Digital Naira Initiative
By Godfrey Benjamin
August 30th, 2021
The proposed launch of the Digital Naira has been noted by the CBN to be a collective effort on the part of all stakeholders in the country’s financial ecosystem.
China to Set Up Digital Yuan-Backed Global Clearing Network for Mobile Payments
By Godfrey Benjamin
August 30th, 2021
The economic growth of China in the past decade has made the potential push of the digital yuan into the global scene more of a necessity.
Government in Cuba Looking to Recognize Cryptocurrencies as Legal Tender
By Babafemi Adebajo
August 27th, 2021
This policy shift is a direct response to the growing demand for digital currencies in the region.
35 Commercial Chinese Banks Integrate Support for Digital Yuan
By Godfrey Benjamin
August 20th, 2021
In a bid to advance the nationwide adoption of its Central Bank Digital Currency (CBDC), the Digital Yuan, about 35 commercial banks in China have integrated support for the new legal tender in their mobile apps.