Kazakhstan is still undecided about its CBDC launch
Kazakhstan, instead of creating its own digital currency is concerned about the development of CBDCs abroad, although the country continues to investigate the possibility of a central bank digital currency (CBDC). Governor Erbolat Dossayev of Kazakhstan’s National Bank announced the completion of a prototype of a digital tenge platform, according to a report by local […]
Report: Central Bank of Indonesia aims to fight Bitcoin with its own CBDC
The Central Bank of Indonesia intends to fight Bitcoin (BTC) with its own CBDC as they feel that CBDC is more reliable than BTC or other alt-coins. The Bank of Indonesia aims to compete with Bitcoin using its own central bank digital currency, since it sees CBDC as a superior financial instrument to private cryptocurrencies, […]
CBDC can assist in tackling cryptocurrency – Bank of Indonesia’s assistant governor
According to the Bank of Indonesia, central bank digital currencies (CBDC) will be a crucial weapon for countering cryptocurrencies which have been seen to cause a catastrophic effect on the financial system of a nation. At a recent legislative meeting, Bank of Indonesia’s assistant governor Juda Agung indicated the central bank is considering releasing a […]
Japanese companies form a group to develop a Yen-based digital currency
About 70 of the largest financial institutions in Japan have formed a group in order to develop a new Yen-based digital currency in 2022. This move is indicating that the private sector is only now beginning to embrace blockchain-based payment. Kazuhiro Tokia, the CEO of crypto exchange DeCurret, may have made a statement claiming that […]