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A survey carried out by the central bank of Israel has returned mostly positive responses from stakeholders regarding the possible issuance of a digital shekel currency. Many of the participants in the public consultations support the continued development of the project, the regulator said. Bank of Israel Releases Results From Consultations on Digital Shekel Project … Read more
The ECB drops another working paper on the digital euro causing more outrage from Europeans opposing a central bank digital currency. Go to Source Powered by WPeMatico
Jonas Gross spoke with Cointelegraph about the digital euro’s risks for private banks and the goals of the ECB. Go to Source Powered by WPeMatico
Tanzania is getting closer to launching a central bank digital currency (CBDC) which gives the country’s residents a “safe alternative,” the central bank governor has said. However, no date for the digital currency launch has been given. Growing Interest in Cryptocurrencies According to Florens Luoga, the governor of Tanzania’s central bank, his country is inching … Read more
Chile’s planned start to its digital peso rollout in early 2022 has been held back while its central bank conducts more analysis to inform a new report by the end of the year. Go to Source Powered by WPeMatico
Stakeholders believe that the digital shekel would boost competition, but remain divided on the matter of privacy. Go to Source Powered by WPeMatico
The Nigerian central bank digital currency (CBDC) wallet app is set for an update that will see users given the ability to pay for utilities like pay television and for topping up airtime. The addition of the unstructured supplementary service data (USSD) functionality to the wallet app means people without bank accounts will be able … Read more
The report points out stablecoin’s possible low stress resistance and overuse in leveraged cyptocurrency trading, reiterates its position on CBDC. Go to Source Powered by WPeMatico
Nigeria’s central bank has upgraded its eNaira to steer the country away from crypto even after a UN report stated that restrictions on digital currencies are stifling the nation’s fintech sector. Go to Source Powered by WPeMatico
Nine out of 10 central banks globally are exploring central bank digital currencies (CBDCs), according to the latest survey by the Bank of International Settlements (BIS). Furthermore, “the emergence of stablecoins and other cryptocurrencies have accelerated the work on CBDCs.” BIS Central Bank Digital Currency Survey The Bank of International Settlements (BIS) published a report … Read more
