The National Bank of Georgia (NBG) is preparing to publish a whitepaper on the “digital lari,” which will provide a framework for interested parties to refine their suggestions ahead of the project’s pilot phase. The NBG had planned to begin testing the central bank digital currency (CBDC) in 2022, but
Stablecoins and CBDCs, issued by central banks, have captured the interest of governments throughout the world. Evidence for this comes from the fact that several nations are embracing CBDCs and launching pilot programmes to fully integrate them into daily life. Recent events include the introduction of a CBDC pilot programme
Mikhail Fedorov, Vice Prime Minister of Ukraine has announced a determination for his nation to be the world’s top cryptocurrency jurisdiction. Ukraine’s deputy prime minister wants to be the first user of a new central bank digital currency (CBDC). And also get payment in e-hryvnia. Ukraine’s Vice Prime Minister Mikhail
The Tanzanian central bank is still thinking about introducing a central bank digital currency (CBDC), but they claim they would do it in a “phased, cautious, and risk-based approach” due to the many potential obstacles in the way. The Central Bank stated: “Analysis of these findings indicate that majority of
As of December 29th, 2021, the Mexican government has declared through social media that they will be creating their own digital peso, to be released in 2024. Recent reports from Banxico, Mexico’s central bank, suggest that this schedule is becoming unrealistic. Reports from the ground indicate that the general directorate
Shaktikanta Das, the Governor of India’s central bank, The Reserve Bank of India (RBI), has issued a cautionary statement regarding cryptocurrencies. On Wednesday, the RBI governor declared that private cryptocurrencies will create the next financial catastrophe. He added that he still believes in the need for cryptocurrency regulation. Shaktikanta stated:
Officials at Kazakhstan’s central bank, the National Bank of Kazakhstan (NBK), say they’ve finished phase two of testing the infrastructure supporting the country’s central bank digital currency (CBDC). The whitepaper produced by the regulator. Presents trial findings and research on the necessity for a new form of national fiat, the
AliPay has integrated the Digital Yuan to enable instant payments across all of Alibaba Group Holding’s e-commerce platforms, including Taobao and Tmall, in an effort to promote China’s digital currency, e-CNY. The Ant Group operates AliPay, the dominant digital payment system in China. Tuesday, December 13th was the formal announcement
Proof-of-concept for a wallet that may store a Central Bank Digital Currency (CBDC) is being sought by the Bank of England (BOE). The Bank of England (BOE) advertised a call for proposals on the Digital Marketplace. A platform for government agencies to offer digital project work, on the 9th of
Banks Spain has proposed a wholesale CBDC project, according to the coin desk on Monday. The proposal is for various financial institutions and technology service providers. According to an official statement from the bank, the program intends to increase the usage of CBDCs in wholesale transactions. Wholesale transactions are those
