News

BCCH to carry out public outreach but says existing payments system may be enough

The Central Bank of Nigeria (CBN) has announced the upgrade to its Central Bank Digital Currency (CBDC) dubbed the eNAIRA.

Stakeholders believe that the digital shekel would boost competition, but remain divided on the matter of privacy.

Israeli digital currency should comply with global information security standards

The report points out stablecoin’s possible low stress resistance and overuse in leveraged cyptocurrency trading, reiterates its position on CBDC.

The Bank of Tanzania is actively introducing a CBDC to strengthen the domestic payment system.

Nigeria’s central bank has upgraded its eNaira to steer the country away from crypto even after a UN report stated that restrictions on digital currencies are stifling the nation’s fintech sector.

BIS survey finds 90% of central banks now working on digital currencies

In addition to recommending the financial education of the public in the Bahamas, the IMF hinted at the importance of a “robust supervisory and regulatory framework” for digital assets.

90% of apex banks have shown intentions of rolling out central bank digital currencies (CBDCs), according to a study by the Bank for International Settlements (BIS).

The Bahamas Prime Minister Philip Davis shared his plans to welcome crypto businesses to the region during SALT’s Crypto Bahamas.

Keynote speech (virtual) by Mr Burkhard Balz, Member of the Executive Board of the Deutsche Bundesbank, at the virtual European Payments Conference "Key Trends in the European Payments Landscape", 4 May 2022.

“Globally, more than two-thirds of central banks consider that they are likely to or might possibly issue a retail CBDC in either the short- or medium-term,” said the BIS.

Transactions via the EU’s prospective CBDC could be transparent to intermediaries, as any non-crypto digital transactions are.