Russia will Permit Foreign Residents to Use and Own the Digital Ruble

The central bank of Russia will ensure that the digital ruble they are developing will be available for use by non-residents and would also be convertible into digital currencies. The regulator has reiterated its concerns about the risks pertaining to currencies in a document that’s aimed at digitalizing the Russian financial sector and said that […]

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Nigerian Experts Believe CBDC is Still Unattractive to Users

According to Nigerian cryptocurrency and blockchain experts, most of the people will only consider using the e-naira, once the country’s central bank makes enough effort to make the CBDC an attractive currency to use. The Central Bank of Nigeria (CBN) recently made claims that majority of the people in the country of about 200,000 residents […]

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Australia, South Africa, Malaysia, And Singapore To Launch Mutual CBDC Pilot

The collaborative project will test common DLT systems that will let organizations resolve cross-border payments utilizing CBDC. Singapore’s, Australia’s, South Africa’s, and Malaysia’s Central banks recently launched a collaborative project to test global payments using CBDC. The Operation Dunbar initiative will test common infrastructure for direct payments among organizations utilizing cryptos issued by different financial […]

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IMF Not Convinced Crypto Can Be Awarded Legal Tender Anywhere

International Monetary Fund (IMF) is of the view that virtual currencies like that of Bitcoin and others pose potential risk and dangers because they are issued by not the central banks but private individuals and networks. IMF also denies that Bitcoin can be an alternate to a “national currency” instead it suggests that those who […]

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Binance’s Crypto Trading Services Questioned by Dutch Central Bank

A warning concerning non-fulfillment of mandatory regulatory requirements has been issued to Binance in the Netherlands as the Dutch Central Bank notes that Binance has been illegally offering services of crypto trading and crypto wallet without being registered with the relevant authority. There have been many warnings lately against the lead crypto firm, Binance over […]

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Here Is Why CBDCs Craze Is Alarming For Cryptocurrency Users

In recent years, signals have been indicated by the central banks for launching their central digital currencies. Following this scenario, the governments such as India, China, and others have begun threatening independent cryptocurrencies like Ethereum and Bitcoin. The government of the United States, after being concerned about the matter, has initiated conversations about a native […]

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Tanzanian Central Bank Advised By Head of the State to Look Into Crypto Option

Samia Suluhu Hassan, the head of the state for Tanzania, has advised the country’s central bank to look into the option of adopting crypto. The bank has been directed further to submit its proposal with regard to the crypto options directly with the President. It seems as if El Salvador has set up a trend […]

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Digital Assets Named as “Emerging Vulnerability” By Canadian Central Bank

Canadian central bank i.e. The Bank of Canada (BOC), after the crypto market crash, named the digital asset industry as an “emerging vulnerability”. The Bank said further that crypto’s flagrantly evident “volatility” will serious affect the national economy and domestic financial system. Under the auspices of Tiff Maclem, BOC’s Governor, the analysts of the bank […]

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Bank of England Seeks To Hire A Senior Expert For CBDC Issuance And Development

A job advertisement was posted by the Bank of England (BoE) for a senior expert related to central bank digital currencies (CBDCs). The role of this post is to help the bank in checking and implementing the design and feasibility of a central bank digital currency (CBDC). This is the most recent job announcement by […]

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China’s CBDC Could Be A Big Threat To the Famous Gambling Platform Macau

The casino junkets at Macau have certainly seen better days, and the COVID-19 pandemic hasn’t exactly been helping. Most recently, though, the operators are under even more stress as China’s CBDC (Central Bank Digital Currencies), the digital yuan, may threaten their existence even further. China currently leads the charge when it comes to CBDC, and […]

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