Central Bank of Chile Studies Issuance of a Digital Currency

Bank of ChileThe Central Bank of Chile revealed it is studying how to issue a national digital currency, the digital peso. The bank issued a report titled “Issuance of a Central Bank Digital Currency in Chile,” where it explores the possibility of the creation of a central bank digital currency (CBDC) in the future, the mechanism it […]

Go to Source

Powered by WPeMatico

Report: Tanzania Closer to Launching a CBDC

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 […]

Go to Source

Powered by WPeMatico

Report: Nigerian CBDC Wallet Update to Enable Utility Payments, USSD Functionality to Be Added

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 […]

Go to Source

Powered by WPeMatico

BIS: 9 out of 10 Central Banks Worldwide Are Exploring Digital Currencies — Driven by Crypto Market

BIS Report: 9 out of 10 Central Banks Worldwide Exploring Digital Currencies — Driven by Crypto Market GrowthNine 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 […]

Go to Source

Powered by WPeMatico

Digital Yuan Giveaway: Shenzhen Residents to Receive 15 Million Yuan in Digital Currency

Digital Yuan Giveaway: Shenzhen Residents to Receive 15 Million Yuan in Digital CurrencyThe Chinese government is giving away 15 million yuan in central bank digital currency (CBDC) to 130,000 residents of Shenzhen this Friday. The digital yuan can be used at nearly 5,000 stores with no minimum purchase required. Digital Yuan Pilot Continues China’s central bank, the People’s Bank of China (PBOC), continues to test its central […]

Go to Source

Powered by WPeMatico

Tanzania Officials Want Global Clarity on CBDCs and Crypto Assets

Officials from Tanzania’s financial sector have called for a clearer global consensus on central bank digital currencies (CBDCs) and crypto-assets. The officials agreed that more discussions still need to be carried out before a final decision is made. Interoperability of CBDCs Just under a year after the Tanzanian President Samia Suluhu Hassan asked the country’s […]

Go to Source

Powered by WPeMatico

India’s Digital Currency to Take ‘Very Calibrated, Graduated’ Approach, Says RBI Deputy Governor

RBI’s Central Bank Digital Currency to Take 'Very Calibrated, Graduated' Approach, Says Deputy GovernorReserve Bank of India (RBI) Deputy Governor T. Rabi Sankar has outlined the implications of India issuing a central bank digital currency, the digital rupee. ”I think central banks would go about it in a very calibrated, graduated manner, assessing impact all along the line,” he explained. RBI’s Deputy Governor Discusses Indian Central Bank Digital […]

Go to Source

Powered by WPeMatico

China’s Central Bank Adds More Digital Yuan Pilot Cities

China's Central Bank Adds More Digital Yuan Pilot CitiesChina’s central bank, the People’s Bank of China, has added more cities to test its digital currency. According to the latest official data, the digital yuan has more than 261 million users. PBOC Adds More Cities to Test Its CBDC The Chinese central bank, the People’s Bank of China (PBOC), said Saturday that it is […]

Go to Source

Powered by WPeMatico