Ghana’s CBDC project to roll out in September
The International Monetary Fund (IMF) and the World Bank have suggested that countries embrace CBDCs. Ghana has heeded this advice and is ready to begin its pilot trial of CBDCs in September The Bank of Ghana has announced that it will begin testing a central bank digital currency (CBDC) in September in order to strengthen […]
Digital Yuan to be tested among 10 Million users in China
China has expanded its digital yuan trials to 10 million users. Also, the government is nearing the end of the trial phase, and a nationwide launch might happen shortly. China is currently putting the CBDC, known as the digital yuan, to the test in a number of provinces around the country. According to the Chinese […]
Japan’s Central Bank Digital Currency (CBDC) will enter its second phase by 2022
The Digital Yen plans by Japan’s CBDC development team is set to enter the second phase by 2022. The country has said it would have more clarity on what the digital yen would look like by then. By the end of next year, Japan will have greater clarity on its CBDC product, the digital Yen. […]
The central bank of Singapore is awarding cash prizes for innovative digital currency concepts
The Singapore Monetary Authority, the country’s central bank and a major financial regulator, has issued a challenge to fintech businesses to propose solutions for a central bank digital currency or CBDC. The central bank of Singapore launched a global challenge on Monday to find new retail CBDC solutions that improve payment efficiency and promote financial […]
Crypto is the most dangerous investment strategy – Elvira Nabiullina
The head of Russia’s central bank, Elvira Nabiullina warned investors to be wary of cryptocurrencies, saying the prices of the digital assets are very volatile and investors are in real danger of losing their funds. Elvira Nabiullina, the president of the Russian Central Bank, expressed her opinion on whether or not people should participate in […]