Nigeria’s eNaira CBDC rollout receives approval from the Federal High Court
The Federal High Court of Nigeria has approved the use of a central bank digital currency (CBDC) as legal tender. eNaira will continue to circulate alongside its fiat counterpart. According to a report by Voice of Nigeria, Nigeria’s CBDC issue clearance was revealed in a federal court hearing on Oct. 2 presided by Justice Taiwo […]
Global CBDC system needs both public and private cooperation – BIS
The Bank for International Settlements (BIS) has published a new joint report stating cooperation between public and private sectors would be vital for a functioning global CBDC system. The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the United States Federal Reserve, Sveriges Riksbank, and the Swiss National […]
Brazil wants to provide oracles to bridge external data with the country’s projected CBDC
The Brazil Stock Exchange (B3), is looking into ways to offer data inputs for the country’s central bank digital currency (CBDC). The stock exchange is considering supplying oracles to bridge external data with Brazil’s expected CBDC, the digital real, according to Luis Kondic, managing director of listed products and data at B3. On September 30, […]
Reserve Bank of New Zealand releases issue paper on digital currency
The Reserve Bank of New Zealand (RBNZ) recently released an issue paper on central bank digital currencies (CBDC). The paper outlines CBDC purposes, designs, as well as the potential benefits and associated risks. The document explains the CBDC’s goals, designs, as well as the potential benefits and hazards that come with them. The proposed paper […]
Bank of England announce partners for its CBDC Forums
The Bank of England has announced executives and experts from Google, Amazon, PayPal and ConsenSys and others to help advance its investigation into a central bank digital currency (CBDC). The membership of the Bank of England’s CBDC Engagement and Technology Forums was revealed on Sept. 29, and it includes some huge names in technology and […]