Category: CBDC

Central bank digital currencies(CBDC) are digital tokens, similar to cryptocurrency, issued by a central bank. They are pegged to the value of that country’s fiat currency. As cryptocurrencies and stablecoins become popular, central banks provide alternatives. Get the latest news on Central Bank Digital Currencies (CBDC) around the globe with Announcements, status reports of digital money projects, analytics, Central Banks Policy, Regulation, Markets & Institutions.

UAE Central Bank Signs CBDC Agreement

UAE Central Bank Signs CBDC Agreement

The Central Bank of the United Arab Emirates (CBUAE) is inching closer to fully launching its central bank digital currency (CBDC) . According to a statement on March 23, the CBUAE struck an agreement with Abu Dhabi’s G42 Cloud and digital banking services provider R3 to be the infrastructure and technology suppliers of the Central […]

CBDC adoption in Nigeria surges due to fiat shortage

Nigeria’s Blockchain Growth Depends on Local Talent - Experts

Due to the Nigerian central bank’s decision to replace older bank notes with bigger denominations, a shortage of fiat currency hit the Nation leading to a rise in its central bank digital currency (CBDC) adoption. Due to rising inflation, the Nigerian central bank decided to replace outdated bank notes with larger denominations, resulting in a […]

Florida Governor Ron DeSantis Calls For Ban On CBDCs

Florida Governor Ron DeSantis Calls For Ban On CBDCs

Ron DeSantis, has recently voiced his apprehension regarding the potential adverse effects of CBDCs on the state’s financial landscape. He has pushed for the implementation of regulations to stop the spread of these digital assets within Florida. DeSantis, a fervent advocate for individual freedom and privacy, claims that CBDCs may jeopardize the general populace’s ability […]

BIS completes retail CBDC pilot called Project Icebreaker

BIS completes retail CBDC pilot called Project Icebreaker

The Bank for International Settlements (BIS) has successfully completed a pilot retail CBDC pilot called Project Icebreaker. The central banks of Israel, Norway, and Sweden collaborated on a project with the Bank for International Settlements (BIS) that examined the use cases for CBDCs in international retail and remittance payments. In a report released on March […]

San Francisco FED Hires Developer To Build CBDC System

San Francisco FED Hires Developer To Build CBDC System

San Francisco is seeking to hire a developer to create unique technologies connected to Central Bank Digital Currency (CBDC). The San Francisco FED disclosed that the chosen individual would hold a mid-senior management position full-time. The developer will be a “technologist” tasked with conduction CBDC research and development. Those that are chosen will become a […]