The QCB (Qatar Central Bank) is reportedly examining the chances for the launch of a digital currency along with the provision of digital licenses. As per Alanood Abdullah Al Mufah – the fintech section’s head at the QCB – a direction is…
A unique study has been carried out on the behalf of Deloitte, bringing out the capability of (BTC) Bitcoin to be a base for the manufacturing economic rapid, and relatively secure structure for a CBDC (central bank digital currency) or digital fiat…
The Jamaican central bank disclosed the title of its forthcoming CBDC (central bank digital currency), just to attract severe criticism on the behalf of the native crypto community. The central bank declared through Twitter to have had selected the title “Jam-Dex” as…
APAC Policy Director of Ripple, Rahul Advani, while appearing in an interview recently, discussed the ODL (On-Demand Liquidity) service of RippleNet, which is run by XRP (the native digital asset of the exchange). Advani made these remarks in an interview conducted by…
The European Union is ready to offer a digital euro bill at 2023’s start, according to a report by Politico. An open consultation centered around the digital euro’s utilization will additionally be initiated in the upcoming month. On 9th February, it was…
The Central Bank of Peru’s president, Julio Velarde, recently attacked the value of crypto and went on to criticize them because of the negative impact they have on the environment. Speaking with the local media in an interview, the president said that…
Boston’s Federal Reserve Bank along with the Massachusetts Institute of Technology (MIT) has published results from the CBDC project named Project Hamilton that aims to highlight the US-based policy decisions. The results deal with the initial phase of the respective CBDC project…
It seems that the United States will ultimately move towards the development of its CBDC (central bank digital currency), as per the Bank of America. Alkesh Shah and Andrew Moss – the crypto strategists at the Bank of America – noted in…
The figures of LocalBitcoin and Paxful tell that the P2P trading of bitcoin in Nigeria has expanded by more than 15% year on year since the central bank of the country imposed a ban on cryptocurrency. There is a slight decrease in…
If you are already acquainted with the idea of cryptocurrency and decentralization, then you might not have a difficult time at all understanding the concept of central bank digital currencies. But to be able to better navigate between these two concepts, you…
The Republic of Iran and the Russian Federation are anticipating to launch testing of their respective CBDCs. CBDC is a project which involves the issuance of centralized digital currency which is ultimately issued by a country’s central bank. In the case of…
In an effort to stop the general public from engaging with crypto trading, the Monetary Authority of Singapore (MAS), which is the country’s central bank, has issued certain guidelines by which MAS has been discouraging locals from crypto trading on the basis…
Crypto interest is being partly driven by the highly-low interest rates, as stated by Michele Bullock (the assistant governor of the Reserve Bank of Australia, while signaling that some consideration is being done by the RBI regarding the creation of a CBDC…
Fabio Panetta, the European Central Bank’s prominent Executive Board member, disclosed that the euro’s digital version might have the likelihood to turn into a legal tender within the European region. The Digital euro is not to be neglected As reported by Bloomberg,…
In the past few months, several rumors were in the air involving Zimbabwe and cryptocurrencies. It was being rumored that Zimbabwe was aiming to adopt Bitcoin (BTC) and cryptocurrencies. However, these rumors have been dismissed by government officials. Just recently, it was…
The team of seven progressive economic countries has recently been debating over the CBDCs (Central-Bank-Digital-Currencies) this week and concluded that no harm should be done by them, and severe standards would be executed in this respect. A meeting was arranged among the…
As the year 2021 is coming to a close, countries from around the world have started expediting the development of CBDCs. Several countries that had already started the development of the CBDCs are close to their launch phases. However, as time goes…
If one thought that only China and Russia are the countries working on the CBDC project, then it would be a complete understatement. Ever since the beginning of 2020, several countries have expedited the development of the central bank digital currency (CBDC)….
In its recent order, The European Central Bank intensify the investigations against the euro-digital currency. Experts seem to have divided opinions about the impacts their decision will have on cryptocurrency. In the past couple of years, the Crypto trading market has been…
It is recently reported that Palestine is looking for possible ways to gain financial stability and freedom by developing digital currency. Most of the countries around the globe are trying their level best to develop their own Central Bank Digital Currency (CBDC),…
