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.

RBI prepares to pilot CBDC trial with public sector banks, fintech

RBI Advises Banks to Adopt AI and Blockchain Technologies

Reserve Bank of India (RBI) is preparing to test-run its Central Bank Digital Currency (CBDC)with public sector banks and fintech companies before the fiscal year runs out. According to local news outlet Moneycontrol, the Reserve Bank of India (RBI) is negotiating to test a central bank digital currency (CBDC) with fintech firms and state-controlled banks […]

Nigeria targets the unbanked as it adds features to eNaira.

Nigeria targets the unbanked as it adds features to eNaira.

Participants at the eNaira Hackathon were informed that the CBDC would become more appealing and accessible as a result of technological advancements. According to Nigerian Central Bank governor Godwin Emefiele, who was speaking at the 2022 eNaira Hackathon in Abuja on Thursday, the eNaira, the country’s central bank digital currency (CBDC), would enter the second […]

Bank of Russia plans to launch digital ruble in banks come 2024

Bank of Russia

The Bank of Russia has stated that it is expecting to rollout the digital ruble which is the central bank digital currency (CBDC) of the nation in about two years from now. The Bank of Russia will start connecting all banks and credit institutions to the digital ruble network in 2024, according to the most […]

Reserve Bank of Australia is seeking potential use cases for CBDC

Reserve Bank of Australia is seeking potential use cases for CBDC

The Reserve Bank of Australia in collaboration with the Digital Finance Cooperative Research Centre (DFCRC) is investigating potential uses for central bank digital currencies (CBDCs) in the nation. The collaborative project of the Reserve Bank of Australia and DFCRC would concentrate on “new use cases and business models” that might be supported by the issuing […]

Remarkable Boost For Crypto As US Federal Panel Gives Its Support

Remarkable Boost For Cryptocurrency As US Federal Panel Gives Its Support

This recent development comes as the US Federal panel believes that both crypto assets and CBDCs could strengthen the US dollar. In an unexpected turn of events, a panel of speakers organized by the United States Federal Reserve handed a significant boost to the cause of cryptos on Tuesday. They advocated for allowing crypto assets […]