BoE governor doubts need for digital pound
Bank of England (BoE) governor Andrew Bailey raised doubt over the need for a digital pound stating that the UK already has a wholesale settlement system with a major upgrade. A wholesale central bank digital currency (CBDC) has recently been called into question by the governor of the Bank of England (BoE), who pointed out […]
Qatar is reportedly looking to explore digital bank currencies
According to reports, the Qatar Central Bank (QCB) is looking into introducing a digital currency and also issuing digital bank licenses. The bank is expected to set a direction for the upcoming project soon. According to Alanood Abdullah Al Muftah, the chairman of the QCB’s fintech branch, the central bank will shortly determine a path […]
Just in: China’s CBDC Architect Requests For More Web3 Development
Yao Qian, a key developer in China’s central bank digital currency (CBDC) project, has asked the Chinese government to boost web3 technology development. Strengthening web3 research, according to Qian in an academic article, is critical for China’s future internet infrastructure. Qian had led the People’s Bank of China’s digital money initiative. He then became the […]
Mastercard now provides a cryptocurrency and digital currencies consulting service feature
Financial services and payment giant Mastercard is now set to offer a new service that involves consultation regarding crypto and digital currencies. The new offering for banks and merchants will cover everything from crypto and NFT strategy, to crypto cards and loyalty programs. Mastercard is expanding its cryptocurrency offerings, stating today that it will offer […]
Central Bank of Jordan plans to launch a CBDC
Central Bank of Jordan (CBJ) has stated that it is considering launching a digital currency that would be legal tender and linked to the Jordanian dinar. CBJ Governor Adel Al Sharkas has reportedly claimed that his institution is looking into the possibility of launching a legitimate digital currency . He also anticipated that if the […]