CBDC

The phrase "central bank digital currency" (CBDC) has been used to refer to various proposals involving digital currency issued by a central bank. The present concept of CBDCs was directly inspired by Bitcoin, but a CBDC is different from virtual currency and cryptocurrency, which are not issued by a state and lack the legal tender status declared by the government.

Source: en.wikipedia.org

Emerging Nations Woo Crypto With Economic Zones, Relaxed Rules
Emerging Nations Woo Crypto With Economic Zones, Relaxed Rules
September 07, 2022  |  Cryptocurrency

Binance is working with crypto-friendly Nigeria to create a digital economic zone aimed at enticing blockchain and cryptocurrency companies to set up shop in Africa’s...

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EMEA Daily: BoE Could See Shakeup as New UK Chancellor Seeks to Control Inflation
EMEA Daily: BoE Could See Shakeup as New UK Chancellor Seeks to Control Inflation
September 07, 2022  |  International

Today in Europe, the Middle East and Africa (EMEA) news, the United Kingdom’s new chancellor spent his first full day in office meeting leaders from...

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EU Focuses CBDC Initiatives on Personal Over Business, Web3
EU Focuses CBDC Initiatives on Personal Over Business, Web3
September 07, 2022  |  CBDC

In the European Union, the initial stage of a digital euro and potential use cases for a central bank digital currency (CBDC) will target personal...

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CBDC Weekly: Digital Dollar Project Starts Sandbox; IMF Pushes for Cross-Border Platform; India Plans Live Pilot
CBDC Weekly: Digital Dollar Project Starts Sandbox; IMF Pushes for Cross-Border Platform; India Plans Live...
September 06, 2022  |  CBDC

The U.S. Digital Dollar Project (DDP) has announced plans to create a technical sandbox where members and financial services providers can experiment with a U.S....

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Saudi Central Bank Taps Mohsen AlZahrani to Lead Virtual Assets Program
Saudi Central Bank Taps Mohsen AlZahrani to Lead Virtual Assets Program
September 04, 2022  |  Personnel

The Saudi Central Bank has appointed Mohsen AlZahrani as the head of its virtual assets and central bank digital currency program, which could see the...

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Digital Dollar Project’s Sandbox to Study CBDC X-Border Payments
Digital Dollar Project’s Sandbox to Study CBDC X-Border Payments
August 31, 2022  |  CBDC

The Digital Dollar Project (DDP) will start a technical sandbox program starting in October to explore the technical aspects of implementing a U.S. central bank...

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Banks’ SMB Payments Pain Could Be Blockchain Payments Really Big Gain
Banks’ SMB Payments Pain Could Be Blockchain Payments Really Big Gain
August 30, 2022  |  B2B Payments

When it comes to cryptocurrency payments, a lot of attention is placed on consumers paying merchants, but business-to-business (B2B) payments are an area where crypto...

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CBDC Weekly: FIS Announces CBDC Virtual Lab; Nigeria Seeks eNaira Rollout Acceleration
CBDC Weekly: FIS Announces CBDC Virtual Lab; Nigeria Seeks eNaira Rollout Acceleration
August 29, 2022  |  CBDC

Financial services technology provider FIS recently announced the launch of a CBDC Virtual Lab that will give central banks, commercial banks and other financial participants the...

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Emerging Market Consumers Lukewarm on Value of CBDCs
Emerging Market Consumers Lukewarm on Value of CBDCs
August 29, 2022  |  CBDC

It’s been over a year since the Central Bank of Nigeria (CBN) issued a circular prohibiting banks and other financial institutions from facilitating cryptocurrency transactions...

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