The National bank of Ukraine can now officially issue a digital currency
As countries move towards the adoption of digital currencies, the National Bank of Ukraine (NBU) is now formally permitted to issue a digital currency. According to a Thursday release, Ukrainian President Volodymyr Zelenskyy has signed the law titled “On Payment Services,” allowing the country’s central bank to issue a CBDC or digital hryvnia. The new […]
BOF conducts its fifth experiment on Tunisia CBDC
Banque de France (BOF), the French central bank recently carried out its fifth experiment on the Central Bank of Tunisia (CBT)’s central bank digital currency (CBDC). According to a statement from BOF, the latest experiment is part of the banks’ joint effort to create conditions that are “conducive to a better inclusion of the Tunisian […]
Nigeria to begin pilot trials of its CBDC in October
The Central Bank of Nigeria will start the pilot of its central bank digital currency (CBDC) on October 1, this is also her independence day. The Central Bank of Nigeria (CBN) has been in the news for its anti-cryptocurrency actions throughout much of 2021. Nonetheless, the institution has increased its investment and research into cryptocurrency’s […]
Bank of Korea selects GroundX for their digital currency project
The Bank of Korea has selected Kakao’s blockchain arm to conduct digital won trials. Additionally, ConsenSys, a major Ethereum software startup , will contribute its technology to CBDC simulations in South Korea, which will be conducted by Ground X. In order to support its digital currency experiments, the South Korean central bank has selected a […]
An “Investigation Phase” has been approved For the European Central Bank’s CBDC
Central banks around the world are moving for a digital currency, the European Central bank as part of this development has approved an investigative phase for its own central bank digital currency (CBDC). By approving an investigative phase, the European Central Bank (ECB) has taken a significant step toward the launch of its sovereign digital […]