Russian Banks Baulk at Digital Ruble Implementation Costs
Russian banks, particularly smaller ones, are unhappy about the high cost (between $1.25 million and $2 million) of…
Browsing Tag
central bank digital currency (CBDC)
14 posts
Taiwanese Central Bank to Test CBDC, Not Race to It
Taiwanese Central Bank Governor Yang Chin-long stated that the development of digital currency (CBDC) is not an international…
Ethiopia Approves CBDC Launch Draft Proclamation
The Ethiopian Council of Ministers recently approved a draft proclamation that paves the way for the launch of…
Despite $250 Billion Worth of Transactions, Digital Yuan Users Prefer Physical Cash
Some participants of China’s Central Bank Digital Currency (CBDC) pilot program, specifically state workers paid in digital yuan…
Zano Blockchain’s Hard Fork Facilitates Privacy Coin Creation, Introduces Confidential Assets
The Zano blockchain’s recently completed Zarcanum hard fork (HF4) will enable users and organizations to create custom tokenized…
Digital Euro Association Partners With HBAR Foundation to Boost Understanding of CBDCs and Stablecoins
The Digital Euro Association (DEA) has entered into a partnership with the HBAR Foundation. This collaboration aims to…
Russia Open to the Use of Crypto in Foreign Trade Says Central Bank Governor
The Russian Central Bank is discussing the possible use of central bank digital currencies as a payment method…
Nigerian Stablecoin Consortium Seeks Central Bank Approval After Making a U-Turn on Stablecoin Launch
The Nigerian stablecoin consortium has said it will not be launching a stablecoin in late February as previously…
41% of Central Banks Expect to Have Operational CBDCs by 2028 — Study
Some 41% of central banks that participated in the Official Monetary and Financial Institutions Forum (OMFIF) study said…
Governments See CBDCs Making Their Countries ‘More Economically and Financially Efficient’ — Venom Foundation CEO
According to Louis Tsu, the CEO of Venom Foundation, governments that are seeking to introduce central bank digital…