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3232China-Russia Alliance Expands, Elevating US Risks in Asia and Middle East
https://www.digit.info/china-russia-alliance-expands-elevating-us-risks-in-asia-and-middle-east/
Mon, 30 Sep 2024 03:46:24 +0000https://www.digit.info/china-russia-alliance-expands-elevating-us-risks-in-asia-and-middle-east/Read more]]>Frederick Kempe, CEO of the Atlantic Council, highlighted two pressing concerns at the UN General Assembly: the intensifying China-Russia partnership and doubts over US leadership. Alongside former Secretary of State Condoleezza Rice, he warned of mounting global threats, comparing today’s risks to the Cold War. China’s support for Russia and Iran is escalating conflicts, demanding […]
]]>Australian Central Bank Prioritizes Wholesale CBDC
https://www.digit.info/australian-central-bank-prioritizes-wholesale-cbdc/
Thu, 19 Sep 2024 11:20:34 +0000https://www.digit.info/australian-central-bank-prioritizes-wholesale-cbdc/Read more]]>The Australian Central Bank is focusing on a wholesale central bank digital currency (CBDC) due to its potential economic benefits compared to a retail CBDC. The Reserve Bank of Australia (RBA) has launched Project Acacia, a three-year plan to explore wholesale CBDC opportunities. While the RBA and Treasury could still consider a retail CBDC, a […]
]]>Global Surge in CBDC Development: 134 Countries Now Exploring Digital Currencies
https://www.digit.info/global-surge-in-cbdc-development-134-countries-now-exploring-digital-currencies/
Thu, 19 Sep 2024 02:30:27 +0000https://www.digit.info/global-surge-in-cbdc-development-134-countries-now-exploring-digital-currencies/Read more]]>New data shows that 134 countries, representing 98% of global GDP, are now exploring central bank digital currencies (CBDCs), with 66 nations advancing to pilot or development stages. Every G20 nation is engaged in CBDC efforts, with notable leaders such as China and the European nations pushing forward. The U.S. remains lagging behind Europe and […]
]]>CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs
https://www.digit.info/cbdc-debate-heats-up-bis-project-sparks-controversy-among-critics-lynette-zang-warns-of-dangers-of-cbdcs/
Sun, 16 Apr 2023 19:30:05 +0000https://www.digit.info/2023/04/16/cbdc-debate-heats-up-bis-project-sparks-controversy-among-critics-lynette-zang-warns-of-dangers-of-cbdcs/Read more]]>During the weekend, discussions about central bank digital currencies, or CBDCs, trended on social media as many people believe the idea will result in increased financial surveillance and a totalitarian monetary system. In a recent interview, Lynette Zang, the chief market analyst at ITM Trading, warned that CBDCs will “take the world into a full […]
]]>US Treasury and White House to Hold Regular Meetings on CBDCs and Payment Innovations
https://www.digit.info/us-treasury-and-white-house-to-hold-regular-meetings-on-cbdcs-and-payment-innovations/
Thu, 02 Mar 2023 15:30:29 +0000https://www.digit.info/2023/03/02/us-treasury-and-white-house-to-hold-regular-meetings-on-cbdcs-and-payment-innovations/Read more]]>On March 1, 2023, Nellie Liang, undersecretary for domestic finance at the U.S. Treasury, delivered a speech to the Atlantic Council in Washington concerning the subject of central bank digital currencies (CBDCs). Liang detailed during her speech that a CBDC is one of several options for “upgrading the legacy capabilities of central bank money,” and […]
]]>Nigerian CBDC Still Not Widely Used a Year After Launch
https://www.digit.info/nigerian-cbdc-still-not-widely-used-a-year-after-launch/
Thu, 27 Oct 2022 08:00:57 +0000https://www.digit.info/2022/10/27/nigerian-cbdc-still-not-widely-used-a-year-after-launch/Read more]]>On October 25, Nigeria commemorated the first anniversary of the Central Bank of Nigeria’s e-naira, even as more residents continue to snub the digital currency. In a move aimed at boosting the use of the CBDC, the central bank is offering a 5% discount to motorized rickshaw drivers and passengers that use the e-naira. Kingsley […]
]]>Salvadoran President Nayib Bukele Takes Aim at Bitcoin Detractors, Says the Ones Who Are Afraid ‘Are the World’s Powerful Elites’
https://www.digit.info/salvadoran-president-nayib-bukele-takes-aim-at-bitcoin-detractors-says-the-ones-who-are-afraid-are-the-worlds-powerful-elites/
Sun, 09 Oct 2022 06:00:59 +0000https://www.digit.info/2022/10/09/salvadoran-president-nayib-bukele-takes-aim-at-bitcoin-detractors-says-the-ones-who-are-afraid-are-the-worlds-powerful-elites/Read more]]>It’s been over a year since El Salvador codified bitcoin as legal tender in the Latin American country, and by popping the ‘orange pill,’ the country was propelled into the international spotlight. At the end of September, the 41-year-old Salvadoran president Nayib Bukele penned an opinion editorial that takes aim at the detractors who think […]
]]>Bitcoin-Embracing El Salvador President’s Re-Election Declaration Slammed
https://www.digit.info/bitcoin-embracing-el-salvador-presidents-re-election-declaration-slammed/
Tue, 20 Sep 2022 10:00:39 +0000https://www.digit.info/2022/09/20/bitcoin-embracing-el-salvador-presidents-re-election-declaration-slammed/Read more]]>Just over a year after overseeing El Salvador’s adoption of bitcoin, the Central American country’s 41-year-old president, Nayib Bukele, recently declared his intention serve another five-year term. The announcement has been criticized by some who have been quick to remind Bukele that El Salvador’s constitution prohibits presidents from serving consecutive terms. Re-Election of Presidents a […]
]]>105 Countries Are Exploring Central Bank Digital Currencies, CBDC Tracker Shows
https://www.digit.info/105-countries-are-exploring-central-bank-digital-currencies-cbdc-tracker-shows/
Mon, 06 Jun 2022 13:30:25 +0000https://www.digit.info/2022/06/06/105-countries-are-exploring-central-bank-digital-currencies-cbdc-tracker-shows/Read more]]>There are now 105 countries that are exploring central bank digital currencies (CBDCs). Among them, 50 countries are in an advanced phase of digital currency exploration (development, pilot, or launch). 105 Countries Are Exploring CBDCs The Atlantic Council’s Geoeconomic Centre has released a major update to its Central Bank Digital Currency (CBDC) Tracker. According to […]
Frederick Kempe, CEO of the Atlantic Council, highlighted two pressing concerns at the UN General Assembly: the intensifying China-Russia partnership and doubts over US leadership. Alongside former Secretary of State Condoleezza Rice, he warned of mounting global threats, comparing today’s risks to the Cold War. China’s support for Russia and Iran is escalating conflicts, demanding […]
]]>
The Australian Central Bank is focusing on a wholesale central bank digital currency (CBDC) due to its potential economic benefits compared to a retail CBDC. The Reserve Bank of Australia (RBA) has launched Project Acacia, a three-year plan to explore wholesale CBDC opportunities. While the RBA and Treasury could still consider a retail CBDC, a […]
]]>
New data shows that 134 countries, representing 98% of global GDP, are now exploring central bank digital currencies (CBDCs), with 66 nations advancing to pilot or development stages. Every G20 nation is engaged in CBDC efforts, with notable leaders such as China and the European nations pushing forward. The U.S. remains lagging behind Europe and […]
]]>
During the weekend, discussions about central bank digital currencies, or CBDCs, trended on social media as many people believe the idea will result in increased financial surveillance and a totalitarian monetary system. In a recent interview, Lynette Zang, the chief market analyst at ITM Trading, warned that CBDCs will “take the world into a full […]
On March 1, 2023, Nellie Liang, undersecretary for domestic finance at the U.S. Treasury, delivered a speech to the Atlantic Council in Washington concerning the subject of central bank digital currencies (CBDCs). Liang detailed during her speech that a CBDC is one of several options for “upgrading the legacy capabilities of central bank money,” and […]
On October 25, Nigeria commemorated the first anniversary of the Central Bank of Nigeria’s e-naira, even as more residents continue to snub the digital currency. In a move aimed at boosting the use of the CBDC, the central bank is offering a 5% discount to motorized rickshaw drivers and passengers that use the e-naira. Kingsley […]
It’s been over a year since El Salvador codified bitcoin as legal tender in the Latin American country, and by popping the ‘orange pill,’ the country was propelled into the international spotlight. At the end of September, the 41-year-old Salvadoran president Nayib Bukele penned an opinion editorial that takes aim at the detractors who think […]
Just over a year after overseeing El Salvador’s adoption of bitcoin, the Central American country’s 41-year-old president, Nayib Bukele, recently declared his intention serve another five-year term. The announcement has been criticized by some who have been quick to remind Bukele that El Salvador’s constitution prohibits presidents from serving consecutive terms. Re-Election of Presidents a […]
There are now 105 countries that are exploring central bank digital currencies (CBDCs). Among them, 50 countries are in an advanced phase of digital currency exploration (development, pilot, or launch). 105 Countries Are Exploring CBDCs The Atlantic Council’s Geoeconomic Centre has released a major update to its Central Bank Digital Currency (CBDC) Tracker. According to […]