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Access to CBDCs reduces banks’ need to insure against liquidity risks and gives policymakers greater information about trouble in the financial system, according to the study. Go to Source Powered by WPeMatico
The French presidency of the European Union winds down with the completion of wCBDC experiments, design of proprietary blockchain and automated market maker platform. Go to Source Powered by WPeMatico
The Bank for International Settlements, International Monetary Fund and World Bank say CBDCs should be programmed in advance to avoid interoperability issues. Go to Source Powered by WPeMatico
The latest data from the United Nations Conference on Trade and Development (UNCTAD) suggest that Kenya has the highest proportion of crypto-owning inhabitants than any other African country. To counter the growing use of cryptocurrencies, UNCTAD said it recommends the imposition of taxes that discourages crypto trading. ‘A Way to Protect Household Savings’ According to … Read more
A lobby group suggests supporting the credit union engagement instead, applicating consumer protection rights to digital assets holders. Go to Source Powered by WPeMatico
The underlying tech of a central bank digital currency wasn’t enough to convince some panelists at a Fed conference that it could change the international currency system. Go to Source Powered by WPeMatico
“Neither of the current CBDCs in circulation, such as the Sand Dollar and the Digitial Yuan, accrue interest on deposits,” said Yang. Go to Source Powered by WPeMatico
VTB Factoring acquires a tokenized debt pool of industrial companies via the Lighthouse blockchain. Go to Source Powered by WPeMatico
The government in Tehran is taking steps in preparation of the launch of Iran’s new digital currency, referred to as the crypto rial. The monetary authority of the Islamic Republic hopes to initiate the pilot phase of the project within the next two months. Crypto Rial to Be Different From Cryptocurrencies, Central Bank Says Iranian … Read more
The governor of the Central Bank of Nigeria (CBN) has insisted the recently introduced e-naira digital currency can potentially boost trade and investment activities in the country. He added the digital currency “would be necessary in the future to ensure Nigeria is competitive as the world becomes increasingly digital.” CBDC Gateway to Digital Economy The … Read more