Cryptocurrency Market

Cryptocurrency Market

Menu
  • Market Cap: $2,407,948,109,443.61
  • 24h Vol: $56,956,738,597.13
  • BTC Dominance: 56.49%

central bank digital currency

rbi-report-highlights-india’s-central-bank-digital-currency-development

RBI Report Highlights India’s Central Bank Digital Currency Development

Leave a Comment / Bitcoin, CBDC, central bank digital currency, cross-border payments, Crypto Hacked, Cryptocurrency, Digital Currency, digital rupee, Ethereum, Fintech, News Bytes, News Bytes - 2, RBI / / / , , , , , , , ,

India’s central bank, the Reserve Bank of India (RBI), published its August bulletin on Monday. The report discusses several aspects of central bank digital currency (CBDC) and its implications. The RBI is actively involved in developing CBDC initiatives to enhance cross-border payments, improve financial inclusion, and mitigate risks posed by private digital instruments. The RBI’s […]

RBI Report Highlights India’s Central Bank Digital Currency Development Read More »

pierre-poilievre-backs-bill-to-ban-central-bank-digital-currency-in-canada

Pierre Poilievre Backs Bill to Ban Central Bank Digital Currency in Canada

Leave a Comment / Bank of Canada, Bill C-400, Bitcoin, Canada, CBDC, central bank digital currency, Conservative Party, Crypto Hacked, Cryptocurrency, Economic Freedom, Ethereum, government control, inflation, Justin Trudeau, Pierre Poilievre, Regulation / / / , , , , , , , , , , ,

Pierre Poilievre, leader of Canada’s Conservative Party, backs a bill that seeks to ban central bank digital currency (CBDC) in Canada. He argues that a CBDC would give the government excessive control over finances, threatening privacy and economic freedom. “It’s time to put an end to creating a central bank digital currency in Canada,” he

Pierre Poilievre Backs Bill to Ban Central Bank Digital Currency in Canada Read More »

india’s-digital-rupee-surpasses-5-million-users,-rbi-discloses

India’s Digital Rupee Surpasses 5 Million Users, RBI Discloses

Leave a Comment / Bitcoin, CBDC, central bank digital currency, Crypto Hacked, Cryptocurrency, digital rupee, Ethereum, Featured, India, indian central bank, RBI / / / , , , , , ,

India’s central bank, the Reserve Bank of India (RBI), has revealed that as of June, there were five million digital rupee users and 420,000 merchants participating in the retail central bank digital currency (CBDC) pilot. The RBI emphasized that the digital rupee is designed to complement cash and existing payment systems, serving both wholesale and

India’s Digital Rupee Surpasses 5 Million Users, RBI Discloses Read More »

nigerian-cbdc-adoption-lags,-makes-up-less-than-1%-of-currency-in-use

Nigerian CBDC Adoption Lags, Makes Up Less Than 1% of Currency in Use

Leave a Comment / Africa, Bitcoin, CBDC, central bank digital currency, Crypto Hacked, Cryptocurrency, Digital Assets, e-naira, Ethereum, IMF, Nigeria CBDC, Stablecoins / / / , , , , , , , ,

Nigeria’s central bank digital currency, known as the eNaira, was the first of its kind in Africa. However, it currently represents only about 0.36% of the total currency in circulation. Nigerian experts attribute the slow adoption of the e-naira to its perceived lack of significant benefits compared to the traditional naira. E-Naira Adoption Lags Despite

Nigerian CBDC Adoption Lags, Makes Up Less Than 1% of Currency in Use Read More »

philippines-plans-to-introduce-wholesale-cbdc-by-2029

Philippines Plans to Introduce Wholesale CBDC by 2029

Leave a Comment / Bitcoin, CBDC, central bank digital currency, Crypto, Crypto Hacked, Cryptocurrency, Ethereum, Featured, Philippines / / / , , , , ,

Bangko Sentral ng Pilipinas (BSP) plans to introduce its wholesale central bank digital currency (CBDC) by 2029. The Philippine central bank’s CBDC initiative is near its proof-of-concept completion. “This is an innovative payment instrument,” said the BSP deputy governor. “This is an entirely new thing, and we have to make sure that we can offer

Philippines Plans to Introduce Wholesale CBDC by 2029 Read More »

giesecke+devrient:-ghana-cbdc-nullifies-the-need-for-multiple-intermediaries-in-cross-border-payments

Giesecke+Devrient: Ghana CBDC Nullifies the Need for Multiple Intermediaries in Cross-Border Payments

Leave a Comment / Africa, Bitcoin, CBDC, central bank digital currency, Cross Border Payment, Crypto Hacked, Cryptocurrency, Digital Currency, e-cedi, Ethereum, Foreign exchange / / / , , , , , ,

The recently completed proof of concept by the Bank of Ghana and the Monetary Authority of Singapore demonstrated that the latter’s central bank digital currency enables cross-border payments, excluding many intermediaries and associated costs. Giesecke+Devrient (G+D) stated that the proof of concept (POC) demonstrated the effectiveness of utilizing digital credentials for international trade and cross-border

Giesecke+Devrient: Ghana CBDC Nullifies the Need for Multiple Intermediaries in Cross-Border Payments Read More »

china-and-kazakhstan-sign-cbdc-collaboration-agreement

China and Kazakhstan Sign CBDC Collaboration Agreement

Leave a Comment / Bitcoin, CBDCs, central bank digital currency, China, Crypto, Crypto Hacked, Cryptocurrency, Digital Yuan, Ethereum, Featured, Kazakhstan / / / , , , , , , ,

The People’s Bank of China and the National Bank of Kazakhstan have signed an agreement to collaborate on central bank digital currencies (CBDCs). This collaboration agreement, formalized during President Xi Jinping’s visit to Kazakhstan, aims to enhance CBDC research through joint initiatives and professional development. China and Kazakhstan to Collaborate on Central Bank Digital Currencies

China and Kazakhstan Sign CBDC Collaboration Agreement Read More »

israel’s-digital-shekel-plans-hinge-on-ecb’s-digital-currency-move

Israel’s Digital Shekel Plans Hinge on ECB’s Digital Currency Move

Leave a Comment / bank of israel, Bitcoin, CBDC, central bank digital currency, Crypto, Crypto Hacked, Cryptocurrency, digital shekel, Ethereum, israel, News Bytes, News Bytes - 2 / / / , , , , , , , ,

The Bank of Israel (BOI) is exploring a central bank digital currency (CBDC), a digital shekel, to modernize Israel’s payment system and drive innovation. However, BOI Deputy Governor Andrew Abir stated that the BOI is waiting for a major central bank, likely the European Central Bank (ECB), to introduce a digital currency before proceeding. This

Israel’s Digital Shekel Plans Hinge on ECB’s Digital Currency Move Read More »

north-carolina-governor-vetoes-bill-banning-state-use-of-central-bank-digital-currencies

North Carolina Governor Vetoes Bill Banning State Use of Central Bank Digital Currencies

Leave a Comment / Bitcoin, CBDC, central bank digital currency, Crypto, Crypto Hacked, Cryptocurrency, Ethereum, Federal Reserve, Governor, HB 690, NC, North Carolina, Regulation, Roy Cooper, us state, veto / / / , , , , , , , , , , , ,

The governor of the U.S. state of North Carolina has vetoed House Bill 690, which seeks to ban state payments using central bank digital currencies (CBDCs) and the state’s participation in the Federal Reserve’s CBDC testing. The governor argued the bill was premature and emphasized the need for more funding for cybersecurity. House Bill 690

North Carolina Governor Vetoes Bill Banning State Use of Central Bank Digital Currencies Read More »

bahamas-to-mandate-banks-to-distribute-central-bank-digital-currency

Bahamas to Mandate Banks to Distribute Central Bank Digital Currency

Leave a Comment / bahamas, banks, Bitcoin, CBDC, Central Bank, central bank digital currency, Crypto, Crypto Hacked, Cryptocurrency, Ethereum, News Bytes, News Bytes - 2, sand dollar / / / , , , , , , , , ,

The Bahamas, the first country to issue a central bank digital currency (CBDC) called the Sand Dollar, is preparing regulations to mandate commercial banks to provide access to the e-money to boost adoption. Central Bank Governor John Rolle indicated that these regulations would be implemented within two years. “We’ve begun to signal that to our

Bahamas to Mandate Banks to Distribute Central Bank Digital Currency Read More »