Thu, November 21

CBN Announces the Launch of Central Bank Digital Currency

CBN announces the Launch of Central Bank Digital Currency  Nigeria is one of the countries still resisting the crypto revolution. CBDC referred to as the pilot program “GIANT”. Central Bank of Nigeria (CBN) on Thursday revealed its launch of highly awaited digital currency. During a private webinar, CBN Director, IT

July 24, 2021 2 mins read

Central Bank Says CBDC Probably Necessary for Competition in Canada

A central bank cryptocurrency is most likely required for a competitive digital economy, the Bank of Canada said in a staff paper released on Tuesday. A CBDC would give purchasers a non-bank choice to store their money hazard-free. Thus, expanding the contest on the lookout for retail stores, contend the

July 21, 2021 2 mins read

CBDC to Be New Zealand’s New Strategy Against Crypto

The rapid overtake by cryptocurrencies has surely haunted many Central and National Banks around the world. Despite all this, no proper solutions could aid the Reserve banks to stand tough against the ever-rising crypto market. However, New Zealand came up with a long-awaited solution for this, by introducing the Central

July 8, 2021 2 mins read

US Needs Central Bank Digital Currency Says Chris Giancarlo

An American attorney and former business executive, Chris Giancarlo, the former Chairman of the US Commodity Futures Trading Commission. One of the few high-profile officials who served under the administrations of both Obama and Trump. As the former Chairman of Commodity Futures Trading Commission, Giancarlo’s last venture was a digital

June 22, 2021 2 mins read

Bitcoin (BTC) Won’t Get Influenced by Digital Dollar

The recent reveal of the news upon introduction of Digital Dollar has created wide speculations. Debates are everlasting based upon the fact that the digital dollar could affect Bitcoin (BTC) and other cryptocurrencies too. In Spite of all this, many crypto investment firms have said that the digital dollar would

June 12, 2021 2 mins read

Bank of Korea Launches Pilot Program

Bank of Korea Launches Pilot Program for its CBDC. A total of $4.4 million allocated for the trial. Deciding about an offer for the pilot program is expected from Samsung. The Bank of Korea launches a Pilot program for its central bank digital currency (CBDC). But issuing it is a

May 26, 2021 2 mins read

Central Bank of Bahrain Collaborates With JPMorgan and Bank ABC

The Central Bank of Bahrain collaborates with JPMorgan and Bank ABC. To introduce a cross-border payment solution on digital currency immediately. The new partnership includes the company’s digital currency-based division Onyx. On May 11, 2021, the Central Bank of Bahrain announced officially that it collaborates with JPMorgan and Bank ABC,

May 13, 2021 2 mins read

Chinese Postal Savings Bank Tests a Hardware Wallet for Digital Yuan

-Chinese Postal Savings Bank has created a biometric hardware wallet for digital yuan payments.-Moreover, the biometric hardware wallet enables easy identity verification for users.-Recently, the Xiong’an branch of the Chinese Agricultural Bank also developed a hardware wallet for the digital yuan. The Postal Savings Bank of China has created a

February 17, 2021 2 mins read

Bank of Korea Publishes Book on CBDC’s Legal Issues

-South Korea’s central bank has published a book on legal matters. -Bank of Korea used blockchain technology to manage the transactions in its 22-month long CBDC pilot program.-Moreover, amplification of existing economic inequalities due to “gaps in digital information.” South Korea’s central bank has published a book on legal matters. However,

February 8, 2021 2 mins read

Line Launches Central Bank Digital Currency (CBDC) Platform

LINE, a Japanese messaging giant is building a platform for developing central bank digital currencies (CBDC), as per the report by South Korean news agency the Chosun Ilbo.  CBDC is the cryptocurrency issued directly by central banks to replace real fiat currency. It is generally different from cryptocurrencies such as

October 20, 2020 1 min read