The Central Bank of Kenya said "pain points" in the country's payments systems can be addressed by innovations structured around the existing ecosystem and that a central bank digital currency (CBDC) "may not be a compelling priority."
Jair Bolsonaro, the president of Brazil set to leave office on Dec. 31, has signed a bill aimed at legalizing the use of crypto as a payment method within the country.
The Central African Republic has officially become the second country to adopt Bitcoin (BTC) as legal tender.
During the release, the team of analysts from PwC revealed that a majority of central bank institutions are planning to launch a Central Bank Digital Currency (CBDC) to reap the benefits of the burgeoning digital economy.
The Swedish central bank’s digital currency project, a proposed CBDC, known as the e-krona has successfully finished its second phase of trials. According to Riksbank, the nation's central bank, the asset is now technically ready to be integrated into banking networks and facilitate transactions.
According to the details shared by the Bank of England, the twelve-month research project will explore potential challenges, opportunities, and risks associated with the designing of a central bank digital currency system. For the research, BOE will work with the Digital Currency Initiative (DCI) team in the Media Lab of the Massachusetts Institute of Technology.
The Bank of Ghana’s agenda to promote innovative and affordable digital financial services as a means of expanding financial inclusion and encouraging the use of digital payment is commonplace.
U.S. President Joe Biden directed federal agencies to coordinate their efforts at drafting cryptocurrency regulations in a first-of-its-kind executive order on Wednesday, March 9.
EMTECH, the modern worldwide provider of central banking digital infrastructure, today announced it has launched the first multi-country and multi-regulator solution for central banks, financial regulators and Fintech solution providers, the EMTECH Digital Regulatory Platform (DRP).
The Central Bank of Jordan (CBJ) has revealed that it is researching the issuance of a digital currency. The central bank digital currency (CBDC) would be linked to the Jordanian dinar and have legal standing.
