Kenya’s Central Bank Looking At CBDCs As Private Cryptos ‘Mushroom’
The crypto world is growing as more institutions and governments take a look at this nascent sector. The Central Bank of Kenya (CBK) Governor said that the bank is ‘already ...
Tag: Central Bank
Shenzhen To Give Away 10 Million Digital Yuan
China is currently promoting its central bank digital currency (CBDC) with a public $1.5 million giveaway. Reports emerged that Shenzhen city is launching a pilot program that will promote the ...
Kyrgyzstan’s Central Bank Stops SWIFT To Avoid Capital Outflow
On October 7, 2020, the central bank of Kyrgyzstan disabled cross-border transactions on the SWIFT financial network. It acted amid widespread unrest over the nation’s disputed parliamentary elections. An official ...
Tezos Blockchain To Power France’s CBDC, Price Unaffected
Tezos blockchain has found a new real-world use case. Based on the latest reports, Societe Generale-Forge (SGF) confirmed that they had selected Tezos blockchain to set up France’s central bank ...
Brazil May Have A CBDC In 2 Years, Central Bank President Says
The president of Brazil’s Central Bank, Banco Central; has now said that Brazilians could expect to see a central bank digital currency (CBDC) before 2023. Based on a September 2 ...
Libra Will Never Launch, Monetary Historian Says
Ever since Facebook announced that it plans to launch its Libra project in 2020, it faced huge opposition. Most of the main opposers of the project include governments, authorities, central ...
Sweden’s Central Bank Shows Some Devotion To CBDC
Sweden's central bank, Sveriges Riksbank, published a 98-page ‘Economic Review’ report. In that report, the central bank digital currencies, or CBDCs, were extensively discussed. Thus, it indicates that the country ...
China’s Digital Yuan To Launch in Four Cities
Reports have emerged that China is planning to test its digital Yuan in four cities. Screenshots of an alleged pilot version of a wallet app for the central bank digital ...
Japan Needs Digital Yen Quickly, Key Government Official Says
Countries are continuing to consider the potential of the adoption of a central bank digital currency (CBDC) even as the financial turmoil grows in the wake of the coronavirus outbreak. ...
Bitcoin Tamed as Bank of England Cuts Rates to 11-Year Low
Bitcoin has been highly volatile in the past few days. However, the United Kingdom’s central bank seems to have helped tame it. The Bank of England (BoE) followed the Federal ...
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