Central Bank Digital Currency Archives

Brazil central bank denies CBDC trial links with Seattle startup

Business

Steve Kaaru

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14 November, 2021

Brazil central bank denies CBDC trial links with Seattle startup

The Seattle startup, known as Kaj Labs, published a PR claiming it was working with the central bank of Brazil...

PBoC: 10% of Chinese citizens have used digital yuan with $10B in transactions

Business

Steve Kaaru

-

9 November, 2021

PBoC: 10% of Chinese citizens have used digital yuan with $10B in transactions

The Chinese central bank revealed the figures at a recent event, adding that there are now 10 million corporate accounts...

After initial glitches, eNaira gains traction in Nigeria

Business

Steve Kaaru

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4 November, 2021

After initial glitches, eNaira gains traction in Nigeria

The eNaira was launched by President Muhammad Buhari, and after a few glitches, it’s starting to gain traction as more...

ECB welcomes 30 members to new digital euro advisory group

Business

Ed Drake

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2 November, 2021

ECB welcomes 30 members to new digital euro advisory group

Appointed members of the Digital Euro Market Advisory Group will advise on matters relating to the development of a digital...

Beijing joins digital currency pilot testing with e-CNY enterprise zone

Business

David Abel

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2 November, 2021

Beijing joins digital currency pilot testing with e-CNY enterprise zone

An e-CNY enterprise zone is to be launched by the Municipal Administrative Center of Beijing to explore the digital renminbi...

Nigeria rolls out eNaira digital currency to cultivate economic growth

Business

David Abel

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30 October, 2021

Nigeria rolls out eNaira digital currency to cultivate economic growth

Plans for the digital currency have been ongoing in the last four years and according to CBN Governor Godwin Emefiele,...

Saudi Arabia exploring blockchain and CBDC to reduce cash usage

Business

Steve Kaaru

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29 October, 2021

Saudi Arabia exploring blockchain and CBDC to reduce cash usage

Saudi Arabia Monetary Authority has been active in CBDC research as it seeks to digitize payments, although it has no...

French central bank completes CBDC bonds pilot

Business

Ed Drake

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29 October, 2021

French central bank completes CBDC bonds pilot

Working alongside some of the country’s biggest private banks, the Banque de France ran over 500 transactions during the CBDC...

Federal Reserve governor questions need for CBDCs

Business

Ed Drake

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28 October, 2021

Federal Reserve governor questions need for CBDCs

The senior official argued that central bank digital currencies are costly and difficult to manage, would deter private-sector innovation, and...

China urges US companies to accept digital yuan

Business

David Abel

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27 October, 2021

China urges US companies to accept digital yuan

The digital yuan pilot started in Shanghai with 270 McDonald's branches accepting central bank digital currency as payment, although reports...

G7 financial leaders reach agreement on digital currencies

Business

Ed Drake

-

23 October, 2021

G7 financial leaders reach agreement on digital currencies

Finance ministers of the G7 countries have reached an agreed position on 13 public policy principles for central bank digital...

Ghana wants to allow offline payments for its e-cedi CBDC

Business

Steve Kaaru

-

22 October, 2021

Ghana wants to allow offline payments for its e-cedi CBDC

The Bank of Ghana is seeking to avail the digital currency to as many Ghanaians as possible. As such, the...

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