CBDC
XRP Grows in Prominence as BRICS Nations Look to Ditch the US Dollar
XRP, the fifth-largest cryptocurrency in the world, has seen renewed interest following the BRICS nations’ decision to ditch the US dollar for alternative payment systems. Crypto analyst A Chain of...
Australia’s Central Bank Unveils ETH-Based CBDC Pilot Program
The Australian Central Bank recently announced a central bank digital currency (CBDC) pilot program based on the Ethereum blockchain. The new CBDC being tested by the Reserve Bank of Australia...
XRP Holders Defensive About Ripple’s CBDC Work: Congressman
In a Twitter post from earlier today, American politician and former military officer Warren Davidson claimed XRP holders were extremely defensive about Ripple’s work on Central Bank Digital Currency (CBDC)....
Canadians Show Reluctance to Embrace CBDC at Scale: Bank of Canada
A recent staff discussion paper released by the Bank of Canada sheds light on how Canadians view the idea of a Central Bank Digital Currency (CBDC) as a solution for...
Nigeria Declares Binance ‘Illegal’ in the Country, Warns Public on Crypto
Nigeria’s SEC declares Binance’s operations illegal in the country, along with other unregistered crypto platforms. The SEC issues a notice ordering all crypto platform providers to cease soliciting Nigerian citizens....
China’s Digital Yuan ‘e-CNY’ Close to $250 Billion Milestone
Transactions using China’s digital currency hit almost $250 billion at the end of June. Dr. Yi Gang, President of China Society for Finance and Banking, spoke at a lecture organized...
US Presidential Candidate Ron DeSantis Vows to Ban CBDC ‘On Day One’
US Presidential candidate Ron DeSantis has declared his intention to ban central bank digital currencies (CBDC) in the United States on his first day in office if elected in 2024....
Crypto Skeptic Raises Arguments Against the Creation of CBDCs
John Reed Stark, a former SEC official, and crypto skeptic, grabbed the attention of his 22.8k followers on Twitter, sharing insights on Central Bank Digital Currencies (CBDCs). Stark commented that...
Ripple Debunks 5 Common Crypto Myths, Stressing Real-world Utility
Ripple proactively addresses and debunks common crypto myths. The firm promotes a better understanding of crypto potential in the real-world. Major brands like PayPal and Visa already embrace crypto. Recently,...
Study Shows 98% of Global Economy are Exploring CBDC Versions
All the G20 countries except Argentina are developing a Central Bank Digital Currency, CBDC. That marks the growing trend of CBDC development among most nations. According to research by the...
India’s Central Bank Targets One Million Digital Rupee Users in June
In a press conference, the Deputy Governor of the Reserve Bank of India (RBI), T Rabi Shankar shared the RBI’s ambitious target of reaching one million users for its central...
HK Commences e-HKD Pilot Program For Retail CBDC Development
The Hong Kong Monetary Authority (HKMA) has kickstarted its e-HKD pilot program, paving the way for the potential implementation of a retail central bank digital currency (CBDC) in Hong Kong....
CBDCs Will Play Key Role, Will Replace US dollar: BTC Expert
Bitcoin expert and trader Doctor Profit recently shared a tweet from mid-march, arguing that CBDCs will ultimately replace the US Dollar. According to his older statement, Bitcoin bottom was at...
Russia Postpones CBDC Launch: Banks Willing to Start Experiment
The recent revelations claimed that Russia has decided to proceed with the launch of the pilot project with the digital ruble only after the adoption of the regulatory frameworks, probably...
CBDC Privacy Issues: Ripple, DEA Explore Consumer Concerns
The Ripple blockchain, in collaboration with the Digital Euro Association (DEA), released a white paper examining the importance of privacy and how it impacts the successful adoption, usage, and implementation...
Crypto Law Founder Faults the DoJ for Continued Prosecution of Ripple
The blockchain lawyer and founder of Crypto-Law.us, John E. Deaton, has criticized the action by the Department of Justice (DoJ) in seeking to prosecute Ripple for following an order from...
RBI and CBUAE Sign MoU: Focuses on FinTech Enhancement
The Reserve Bank of India (RBI) collaborated with the Central Bank of the United Arab Emirates (CBUAE), signing an agreement to “enhance cooperation and jointly enable innovation in financial products...
YouTube Channel, Altcoin Daily Raises Privacy Concern Over CBDCs
A recent video on the popular crypto YouTube channel Altcoin Daily (AD) has raised concerns over the growing popularity of Central Bank Digital Currencies (CBDCs). The host of the video...
Senator Tom Emmer has Introduced the CBDC Anti-Surveillance Act
Rep. Tom Emmer presented a bill on Wednesday that would prevent the Federal Reserve from distributing a central bank digital currency (CBDC) to individuals, a move he claims would violate...
Will Bola Tinubu Uplift Nigeria from Crippling Cash Shortages?
Bola Tinubu, the Nigerian politician who served as the Governor of Lagos State from 1999 to 2007 and the Senator for Lagos during the Third Republic, has been elected as...
Britain is On Track in CBDC Development, BoE Deputy Governor
Britain’s Deputy Governor of the Bank of England (BoE) Jon Cunliffe has told lawmakers that the BoE is on track to launch its digital currency. Cunliffe emphasized that the apex...
Private Crypto Ban is a Pivotal Need for India: Comments IMF Chief
Kristalina Georgieva, the International Monetary Fund (IMF) Managing Director said during the G20 meeting in Bengaluru, India, that there arose some disagreements over debt restricting for the troubled economies. She...
India’s Digital Rupee CBDC Pilot Expands to Over 50,000 Testers
According to local news outlet The Economic Times, India’s CBDC experiment has attracted 50,000 customers, and 5,000 merchants since the Reserve Bank of India (RBI) introduced the digital rupee test...
China Could Be A Catalyst For Crypto Market In 2023
Popular crypto influencer Lark Davis believes that China could play a major role in the crypto market this year by inducing a bull market. According to Davis, the opening up...
BIS Official Predicts Crypto Recovery Amid Global CBDC Expansion
According to reports, the new head of the Bank of International Settlements (BIS) Innovation Board, Cecilia Skingsley, has predicted that the crypto industry will learn from recent failures and develop...
