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
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
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
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
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
