Central bank digital currency momentum growing, study shows
A total of 134 countries representing 98% of the global economy are now exploring digital versions of their currencies, with almost half at an advanced stage and pioneers like China, the Bahamas and Nigeria starting to see a pick up in usage.
Opinion
Is a central bank digital currency really so loonie?
Bill C-400 includes a provision that would prohibit the Bank of Canada from issuing a digital form of the Canadian dollar
Bank of Canada Drops Central Bank Digital Currency (CBDC) Plans
As per the latest development, the Bank of Canada is reportedly shifting away from pursuing its central bank digital currency (CBDC).
Top commercial lenders join G7 central bank-dominated digital currency trial
Forty of the world's leading commercial banks have joined a G7-dominated pilot scheme with the New York Fed and leading central banks from Europe, Korea and Japan for a new digital currency platform designed to speed up and enhance cross border payments.
Canada’s Central Bank Puts on Hold Plans for a Digital Dollar
According to a report by Kyle Bakx and Meegan for CBC News, the Bank of Canada has paused its efforts to introduce a digital version of the Canadian dollar.
Central Bank Digital Currency Momentum Shows Growth, Study Shows
A total of 134 countries representing 98 percent of the global economy are now exploring digital versions of their currencies, with almost half at an advanced stage and pioneers like China, the Bahamas and Nigeria starting to see a pick up in usage.
Forbes1mon
What Does Central Bank Digital Currency (CBDC) Mean?
A Central Bank Digital Currency is a digital form of a country's fiat currency issued by its central bank. Unlike cryptocurrencies, CBDCs are centralized and regulated by the government.
Bank of Canada Plans to Scale Down Work on Digital Loonie
The Bank of Canada said Thursday that it’s planning to shift focus from a central bank digital currency to “broader payments system research and policy development.” ...
The Daily Hodl2d
Australian Reserve Bank Has ‘Strategic Commitment’ To Develop CBDC System, According to Assistant Governor
Australia’s central bank and banknote issuing authority is pursuing initiatives on central bank digital currency (CBDC) and ...
Bloomberg L.P.5d
Australia Central Bank to Focus on Wholesale Digital Currency Rather Than Retail
The Reserve Bank of Australia said it will focus on the possible use cases for a wholesale central bank digital currency ...
The Motley Fool27d
What Is Central Bank Digital Currency (CBDC)?
The author and editors take ultimate responsibility for the content. A central bank digital currency (CBDC) is a digital version of government-backed, fiat money. This type of digital currency ...
The $6 trillion gamble the RBA isn’t willing to take
The Reserve Bank has ruled out creating its own digital currency, partly over fears it could undermine the nation’s entire ...
Nairametrics5d
CBN to expand eNaira for government payments, MDAs transactions
The Central Bank of Nigeria (CBN) plans to expand the use of its digital currency, eNaira, to facilitate payments into ...
PM Modi encourages use of RBI's digital currency at Odisha scheme launch
Prime Minister Narendra Modi on Tuesday encouraged the use of the Reserve Bank of India’s (RBI) digital currency—the central ...