The Monetary Authority of Singapore (MAS) has shortlisted 15 “Global CBDC Challenge” participants to help build an in-house retail central bank digital currency (CBDC).
The Central Bank of Nigeria (CBN) said Monday it will work with Bitt Inc., a blockchain and payments startup, to launch the African nation’s eNaira digital currency later this year.
Artificial intelligence research lab Fetch.ai has been granted a request to have major cryptocurrency exchange Binance identify individuals behind a $2.6 million hack.
The project, under development by the BOJ’s CBDC Team, has entered a pilot phase which will see a total of J$230 million in CBDC minted and deposited with deposit-taking institutions and authorised payment service providers before December 2021.
G+D is providing the technology and developing the solution adapted to Ghana’s requirements, which will be tested in a trial phase with banks, payment service providers, merchants, consumers, and other relevant stakeholders.
The Blockchain Network (BN), a not-for-profit organization focused on promoting the development and adoption of blockchain technology, will host its fourth virtual conference in Ghana, on September 15-16, 2021.
Blockchain Australia, an association representing the local crypto industry, has warned that the country has fallen behind on the regulatory front due to the undue persistence of a dismissive “wild west” narrative.
A significant migration from paper currency to digital means of payment will take place in the next few years, according to João Manoel Pinho de Mello, a director of the Central Bank of Brazil (BCB).
Ukrainian President Volodymyr Zelensky signed into a law a bill called On Payment Services that allows the country’s central bank to issue a central bank digital currency (CBDC), an announcement on the president’s official website said.
As disclosed in an April 2021 paper, the IMF plans to add five sets of experts to properly conduct research. Their skills include lawyers, digital risk experts, financial sector experts, fiscal economists, and data specialists.
