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Nalezeno "CZ CBDC": 3343

Digital Euro Should Be Attractive But Not ‘Too Successful,’ ECB’s Panetta Says

7.11.2021
The digital euro should be an attractive means of payment but its design should prevent it from becoming so successful as a store of value that it threatens banks and private money, according to Fabio Panetta, a high-ranking executive at the European Central Bank. Panetta stressed that both this...

China’s Digital Currency Used in Transactions Worth $10 Billion, 140 Million People Have Digital Yuan Wallets

7.11.2021
China’s central bank digital currency (CBDC), the digital yuan, has been used in transactions worth nearly $10 billion, according to an official with the Chinese central bank, the People’s Bank of China (PBOC). In addition, the government digital wallet has been downloaded by about...

Nigerian Experts Insist Africa’s First CBDC Is Presently Not for the Unbanked

6.11.2021
While the Central Bank of Nigeria (CBN) continues to tout the e-naira’s credentials as a tool for fostering financial inclusion, some experts agree that this central bank digital currency (CBDC) is presently not doing this. The CBDC’s Chaotic Start This assertion as well as...

Over 140 million people have digital yuan accounts, says PBoC head

3.11.2021
China’s CBDC hit 62 billion yuan in total transactions processed, according to PBoC’s digital currency head

eNaira slowly gains traction post-launch amidst glitches

1.11.2021
Nigerian government officials have big expectations regarding the eNaira

Mastercard is preparing its infrastructure for the deployment of CBDCs

28.10.2021
The world's third-largest consumer payment processor remains bullish on the adoption of CBDCs

CBDC Could Increase Nigeria’s GDP by $29 Billion in 10 Years: President Buhari

28.10.2021
The Nigerian president, Muhammadu Buhari, suggested in a recent speech that the new e-naira central bank digital currency (CBDC) could lead to an increase in the value of his country’s GDP by $29 billion in ten years. Africa’s First CBDC President Buhari made bold remarks in...

ECB Appoints Advisory Group for Digital Euro Project

27.10.2021
The European Central Bank (ECB) has appointed an advisory group for the digital euro project. Called the Digital Euro Market Advisory Group, it was founded with 30 members from business backgrounds. The council will have a say in the design, distribution, and value that this new digital currency...

Nigeria Launches CBDC Amid Efforts To Tighten Grip Over Crypto Market

25.10.2021
Nigeria’s President Muhammadu Buhari should launch a central bank digital currency (CBDC) today to enhance the operations of the country’s payments system. “Following [a] series of engagements with relevant stakeholders including the banking community, fintech operators, merchants and indeed,...

Nigerian President Muhammadu Buhari to Unveil Country’s CBDC

25.10.2021
The Nigerian President, Muhammadu Buhari, is expected to formally launch the country’s central bank digital currency (CBDC) on October 25, 2021. High-Level Endorsement of the CBDC According to a statement released by the Central Bank of Nigeria (CBN), the formal event marking...

Beijing Presses Fast-Food Chain McDonald’s to Support Digital Yuan — China’s CBDC Expected to Launch in February

24.10.2021
According to a recent report, Beijing is pressing the fast-food retail chain McDonald’s to support the digital yuan before the Winter Olympics in China scheduled for February 2022. The report notes that China is also pushing companies like Visa and Nike to join in on the central bank digital...

Nigerian Central Bank Says It Is Now Ready to Launch CBDC, Downplays Previous Failure

23.10.2021
After failing to roll out its CBDC on October 1, the Central Bank of Nigeria (CBN) has released a document in which it reiterates its commitment to launching the e-naira. In fact, in this document titled The Design Paper for the E-naira, the CBN says it is now ready to launch Nigeria’s CBDC....

Australia Needs Regulations to Facilitate Crypto Business, Senate Committee Reports

21.10.2021
A Senate committee in Australia has made a number of proposals to address the lack of proper regulations for the cryptocurrency space. The lawmakers believe the country needs new rules for its fintech and digital asset industries to be able to compete with jurisdictions that are already attracting...

Ghana Central Bank Working to Make CBDC Available to Offline Users

20.10.2021
The Ghanaian central bank is seeking to make its digital currency, the e-cedi, available to offline users, an official with the bank has said. Overcoming the Challenge of Limited Power According to Kwame Oppong, who heads fintech and innovation at the Bank of Ghana (BOG), the e-cedi is also...

Aussie senate committee proposes overhaul of crypto taxes, DAOs and exchange licenses

20.10.2021
The committee recommended more clarity for DAOs, new capital gains tax provisions, and tax breaks for green miners

Iran to Pilot ‘National Cryptocurrency,’ Amend Central Bank Law

19.10.2021
The central bank of Iran is gearing up to begin the pilot phase of its digital currency project in the near future, its new head announced to representatives of local media. The monetary authority is also preparing to move forward with a plan to reform the legislation that governs its...