With Celo’s mobile-first stablecoin platform, CARE aims to achieve a quicker, cheaper and more traceable way of delivering aid. Celo’s cUSD stablecoin will be used for a voucher-based system to disseminate humanitarian aid to Ecuadorian women in need of health services.
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.
For much of 2021, the Central Bank of Nigeria (CBN) has been in the headlines for its anti-cryptocurrency measures.
The Bank of Ghana (BoG) is reportedly moving towards the introduction of a central bank digital currency (CBDC) experiment.
The first-ever virtual version of Blockchain Africa delivered an optimistic outlook for the cryptocurrency and blockchain space in the continent as the world settles into a new normal dictated by COVID-19.
