A government-wide plan for digital assets is the first of its kind. Federal Reserve would have to work out the kinks to satisfy both parties. To stay up with private-sector payment innovations, the Federal Reserve on Thursday initiated an assessment of the possible advantages and dangers of creating a U.S.
Fed Chair Jerome Powell reveals a new legislature for digital currencies will be out soon. New rules and regulations by the U.S will be reflecting on the crypto market. Congressman Tom Emmer also tweets the same. It’s quite skeptical that ever since, the talks started in December, 2021 in the
Bank of Jamaica is all set for launching it’s CBDC This ought to be the nation’s first CBDC ever. The project was completed together with eCurrency Mint and will be launched by March 2022. Ever since the mid of 2021, the Central Bank Digital Currency (CBDC) started to emerge and
Shanghai puts forth plans of adopting Metaverse. Metaverse technology to be used for economic developments through all sorts of industries and sectors. China focuses on adopting new technologies over crypto. It’s a well known fact that China is one of the prominent leaders in adopting the latest technology of all
Mexico announces the launch of it’s CBDCs. The National CBDC will be out by 2024. President of Mexico terms, they will not follow the path of El-Salvador. Many countries are obviously planning on bringing their own National Central Bank Digital Currency (CBDC). It’s evident that adopting current technology along with
BN is ready to launch eNaira despite its previous failure. CBN has released a document in which it repeats its commitments CBN mentions eNaira will be available to offline users. Nigeria Central Bank planned to launch its CBDC eNaira on October 1st. But unfortunately, the mission was failed. But now,
The price of XRP has risen over 10% in the past 24 hours. Ripple’s CBDC Private Ledger allows central banks to access a network of CBDC Ledgers. To pilot a central bank digital currency (CBDC) utilizing Ripple’s CBDC Private Ledger, Ripple announced a partnership with Bhutan’s Royal Monetary Authority (RMA).
Argentina’s President has shown interest and support for crypto assets. Pesce appears to be threatening a crackdown on the industry. He also rejected the decision regarding CBDC. Alberto Fernandez, President of Argentina, has shown interest and support for crypto assets, stating there is no specified reason to push back against
In October, Venezuela will give its federal money, the Bolívar, a facelift. In addition to the restructuring, the central bank plans to establish its digital central bank (CBDC) – the digital bolivar. A new Bolívar Coin, banknotes of 5 to 100 Bs, is being launched by the Latin American country
BCB proposed significant Migration to Digital Payments The move to virtual payments will involve the use of CBDC. Brazil could be ready for a digital currency next year. Brazilian Central bank (BCB) director, Joao Manoel Pinho de Mello, mentioned that a significant migration from fiat currency to digital means of
