Argentina’s President embraces Bitcoin and CBDCs, even though the central bank says no
Argentina’s President Alberto Fernandez has expressed his support for digital assets, claiming that there is no reason to oppose the new asset class. His view on this is opposed to that of the country’s, central bank head who has rejected the idea. Fernandez reacted to a query regarding whether he would explore a central bank […]
Bank of Ghana partners with G+D, a German banknote printing firm
Bank of Ghana is working towards achieving its CBDC goal by partnering with Giesecke+Devrient (G+D) firm which specializes in currency and securities printing. This is also the same firm helping the Bank of Thailand in piloting its CBDCs. By cooperating with a German currency technology company , the Bank of Ghana (BoG) is taking another […]
Venezuela’s “Digital Bolivar” debuts in October
Venezuela’s Central Bank will simultaneously devalue its currency by deducting six zeros from it in order to combat monetary inflation. Venezuela’s currency will be undergoing a transformation in more ways than one as the government attempts to contain inflation while also establishing monetary sovereignty. The Central Bank of Venezuela announced today that the digital bolivar, […]
BIS Reiterates Its Support For Central Bank Digital Currencies
The Bank for International Settlements (BIS) has confirmed its support for digital currencies issued by central banks (CBDCs). CBDCs , according to the central bank of central banks, are required to preserve the status quo of the legacy financial system. Researchers at the BIS stated in a report titled “CBDCs: an Opportunity for the Monetary […]