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The central bank of Georgia intends to publish a document detailing the concept of a national digital currency in the coming months. Other participating parties will use it to finalize their proposals for the pilot which the monetary authority plans to initiate in the first half of the year. Financial Authorities in Georgia Gear Up … Read more
The Eurogroup confirmed its support for digital euro research and noted that some of the design and use elements under consideration would require political decision making. Go to Source Powered by WPeMatico
Tony Yates, the former senior advisor of the Bank of England, argues that CBDCs are not worth the headache. Go to Source Powered by WPeMatico
The Bank of Tanzania is waiting for the conclusion of its research into CBDCs before making a final decision on adoption. Go to Source Powered by WPeMatico
Tascombank, one of the oldest banking institutions in Ukraine, has completed the pilot testing of a digital currency based on the Stellar network. The bank believes that its electronic money platform represents an economically viable implementation of blockchain technology. Tascombank Conducts Tests With New Ukrainian Digital Currency An “electronic hryvnia” has been tested by Ukraine’s … Read more
The report concentrates on real-world research from low- and middle-income countries and untangles questions of inclusiveness, trust and functionality. Go to Source Powered by WPeMatico
The latest Bank of International Settlements bulletin looks at ways to mitigate the risks of crypto assets and suggests TradFi could get its house in better order too. Go to Source Powered by WPeMatico
The Nigerian central bank has outlined key focus areas for its national payments system in a two-year roadmap leading up to 2025. Go to Source Powered by WPeMatico
The U.K. is mulling over launching a digital pound as it remains committed to becoming a cryptocurrency hub, a government representative has indicated. British authorities should also regulate payments with stablecoins, according to the official. United Kingdom Prepares to Begin Consultation on Digital Pound Currency The executive power in London is considering the introduction a … Read more
The 13.61 billion e-CNY represented roughly 0.13% of the 10.47 trillion yuan in circulation at the end of 2022. Go to Source Powered by WPeMatico