The governor of the French central bank, François Villeroy de Galhau, announced on July 12th that the French central bank, Banque de France, has begun the second phase of testing for a wholesale CBDC, which may be used to...
Despite warning against cryptocurrencies, the International Monetary Fund (IMF) has pointed out that digital assets could be useful replacements for traditional financial instruments. According to a blog post, some cryptocurrencies and central bank digital currencies (CBDCs) may be more...
Tanzanian financial officers are calling for a clear global policy on the use of cryptocurrencies and central bank digital currencies (CBDCs). These officials believe that more debates should be held concerning these assets before a consensus is reached by...
In today's episode on DPP (DeFi Planet Podcast), we explained extensively the meaning of Central Bank Digital Currency (CBDC). Which is a digital form of a country's fiat currency, issued and regulated by a nation's monetary authority or central...
The question of whether or not CBDCs should be introduced continues to be debated around the world, even as a handful of countries are already going ahead with their introduction. In this piece, we examine some of the questions...
Throughout history, financial foundations have grown in accordance with the available technologies. A lot of recent payment innovations are based on improvements to the underlying infrastructures that have been in the works for many years. Retail payment demand is...
The hard truth is that the rise of Central Bank Digital Currencies (CBDCs) will change how we see, control, and use cryptocurrencies. Though both concepts usher us into that future where digital money is a reality, they do so...
A Central Bank Digital Currency (CBDC) is the digital version of a fiat currency that is created by the government with the aim of enabling a digital version of cash and improving digital transactions in an economy. As a...
The Reserve Bank of Australia (RBA) recently published a report on the research on its wholesale Central Bank Digital Currencies (CBDC) project. The report stated the benefits that the project which is based on Distributed Ledger (DLT) technology will...
On December 7, 2021, the Eastern Caribbean Central Bank (ECCB) started the operation of its digital payments system in two additional regions, the British overseas territory of Montserrat and the Commonwealth of Dominica. In March 2021, the ECCB in...
