CBDCs could have a negative effect on interest rates – Wall Street Journal
Central bank digital currencies (CBDCs), according to the Wall Street Journal, might have a detrimental impact on interest rates by providing the central bank more power over interest rate adjustments. Senior columnist James Mackintosh suggested in his Sept. 8 article, ‘Digital Currencies Pave Way for Deeply Negative Interest Rates,’ that the distinction between a CBDC […]
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 […]
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 […]
UAE’s Central Bank sees a digital currency as part of its goal for 2023-2026
Amongst the different priorities laid out by UAE regulators, the need for a digital currency seems to be one of them and it is all set to go in for major digital strategy as part of its 2023-26 roadmap. The UAE Central Bank has defined its priorities for the years 2023-2026, with the goal of […]
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 […]