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

France Wants to Study CBDC for Wholesale Use
France Wants to Study CBDC for Wholesale Use
November 08, 2021  |  CBDC

The Bank of France wants to investigate the specifics of a central bank digital currency (CBDC) for wholesale use, Bloomberg reported. A CBDC could help...

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Big Banks Will Soon Consider Crypto, Ex-Citi CEO Says
Big Banks Will Soon Consider Crypto, Ex-Citi CEO Says
November 08, 2021  |  Cryptocurrency

It won’t be long before the world’s banks begin thinking about trading cryptocurrencies, the former CEO of Citigroup said at a recent FinTech event. The...

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Nigeria’s Digital Currency Rollout Highlights Security, Privacy Concerns
Nigeria’s Digital Currency Rollout Highlights Security, Privacy Concerns
November 07, 2021  |  CBDC

Trust is paramount to any payments mechanism, be it hard currency, stablecoin or a central bank digital currency (CBDC). Ecosystems can take shape only when...

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Nigeria’s eNaira Adoption May Be Hindered by Gov’t Mistrust
Nigeria’s eNaira Adoption May Be Hindered by Gov’t Mistrust
November 07, 2021  |  CBDC

Nigeria’s eNaira digital currency is proving popular, although some critics say the population’s mistrust of the government might hinder its progress, the Financial Times (FT)...

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ECB Board Member: Digital Euro Would Not Be Redundant
ECB Board Member: Digital Euro Would Not Be Redundant
November 05, 2021  |  CBDC

European Central Bank executive board member Fabio Panetta promised that the digital euro will be appealing to users and won’t be overwhelmed by other private...

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China’s Central Bank: 10M Businesses, 140M People Using Digital Yuan
China’s Central Bank: 10M Businesses, 140M People Using Digital Yuan
November 03, 2021  |  CBDC

Officials in China said the use of the digital yuan — or e-CNY — has surged to 140 million individual accounts and 10 million business...

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India’s Mulling of CBDC Spotlights US Digital Dollar Lag
India’s Mulling of CBDC Spotlights US Digital Dollar Lag
October 31, 2021  |  CBDC

Around the world, major economies have been moving, in some cases quickly, to embrace and launch central bank digital currencies (CBDCs). And yet, the United...

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Bitcoin Daily: Spanish Banks Await Gov’t Guidance on Crypto Services; Google Warns of Hackers Hijacking YouTube Channels for Crypto Scams
Bitcoin Daily: Spanish Banks Await Gov’t Guidance on Crypto Services; Google Warns of Hackers Hijacking...
October 24, 2021  |  Bitcoin

Bitcoin fell around 87 percent last week on Binance’s U.S. exchange, a Bloomberg report says. The price went to around $8,200, when previously it had...

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Nigeria to Debut its eNaira Currency Today
Nigeria to Debut its eNaira Currency Today
October 24, 2021  |  CBDC

  Nigeria’s eNaira digital currency will roll out officially on Monday (Oct. 25), according to Reuters. The news comes after Nigeria earlier this year banned...

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