Market News
ECB Leader Proposes CBDCs as a Means of Crisis Management and Oversight
In a recent viral video prank, the president of the European Central Bank (ECB), Christine Lagarde, hinted at using the upcoming digital…
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CBDC
Market News
SWIFT to Launch Second Phase of CBDC Pilot Program After Successful First Phase
Interbank messaging company SWIFT has announced that its project to interconnect central bank digital currencies (CBDCs) has shown “clear potential and value.”…
Market News
Brazil Launches Pilot Program for Digital Currency with Public Access Set for 2024
The Central Bank of Brazil has taken a significant step towards the development of its central bank digital currency (CBDC) by starting…
Market News
Nigerian Citizens Protest Against Central Bank Digital Currency (CBDC)
Nigeria is no stranger to financial instability and cash shortages. The country has been pushing for a cashless economy to combat corruption…
Market News
Russian Bank Breaks New Ground with First On-Chain Bank Guarantee in China’s Currency
Moscow Credit Bank (MCB) has made a significant breakthrough in the use of blockchain technology by issuing a bank guarantee denominated in…
Market News
Australia’s Central Bank Unveils CBDC Plans with Industry Leaders
Central Bank Digital Currencies (CBDCs) have been gaining traction globally, with central banks exploring the potential of issuing their own digital currencies.…
Fintech News
UAE Moves to Facilitate Digital Payments with CBDC
UAE aims to introduce central bank digital currency (CBDC) and create a secure and transparent platform for domestic and cross-border payments, and…
Market News
Reliance Retail Adopts CBDC Payments in Stores: Report
Reliance Retail, one of India’s largest retail chains, has started accepting the digital rupee at its Freshpik gourmet store line and plans…
Market News
Online Retailers Report Boost in Digital Yuan Sales
The transaction volume of China’s central bank digital currency (CBDC), the digital yuan (also known as e-CNY), during the Lunar New Year…
Market News
Saudi Arabia’s central bank studying CBDC
The Saudi Central Bank (SAMA) is conducting research into Central Bank Digital Currencies (CBDCs) but has not yet announced any plans to…
Market News
Privacy Concerns Arise as Digital Euro is Set to be Free to Use
The European Central Bank (ECB) has announced that the Digital Euro will be free to use and accessible to all, but personal…
Market News
CBDCs: The Future of Global Financial Systems?
Central Bank Digital Currencies (CBDCs) are being explored by 114 central banks, representing 58% of countries and 95% of global GDP, according…