The Central Bank of Iran (CBI) has completed the pre-pilot phase of its CBDC development, according to an official statement from the Monetary and Banking Research Institute, the research arm of the CBI. Mohammad Reza Mani Yekta, head of...
The Canadian federal government has set up a consultation process for CBDCs (central bank digital currencies), stablecoins, and crypto. This was revealed in the 2022 Fall Economic Statement, released on November 3rd. The statement outlines the government's strategy for...
On Monday, November 7th, the European Commission announced a legislative proposal for a digital euro, which will be released in early 2023. This is according to the European Central Bank's website, as well as a video statement made by...
Central Bank Digital Currencies (CBDCs) have recently become a hotly debated topic. Various countries are researching and experimenting with creating their own CBDC, while some have already floated their digital currency. For example, Nigeria launched its CBDC, e-Naira, in...
Central Bank Digital Currencies (CBDCs) have been defined as a currency and payment structure that will bank the unbanked members of society and promote financial inclusivity. There are various reasons why a particular segment of society may be unable...
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...
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...
