Tags CBDC

Tag: CBDC

UK lawmakers underline key stability and privacy risks of CBDCs

A report by the House of Lords’ Economic Affairs Committee has warned how a digital pound could harm financial stability, raise credit costs and erode privacy.

RBI launches Fintech department to deal with Crypto, CBDC challenges

The Reserve Bank of India (RBI) has created a new Fintech department to deal with key challenges in the burgeoning sector.

Could 2022 be the year of the CBDC?

With the rise of cryptocurrencies showing no signs of slowing down, the growth of central bank digital currencies (CBDC) appears to be another trend on the ascendancy. Will 2022 prove to be a red-letter year for CBDC adoption?

Bank of England set to launch CBDC consultation in 2022

The Bank of England (BofE) has revealed it intends to launch a consultation to set out their assessment of the case for a UK central bank digital currency (CBDC) next year.

Global corporates could save $100bn in yearly transaction costs through CBDCs

A joint report from J.P Morgan and Oliver Wyman has predicted up to $100bn annually could be saved in transaction costs through a central bank digital currency (CBDC) network.

Digital currency pilot begins in Nigeria with eNaira launch

The Central Bank of Nigeria (CBN) has unveiled its central bank digital currency (CBDC) eNaira in its pilot study named Project Giant.

G7 finance group endorses policy principals for retail CBDCs

Finance officials from the G7 have endorsed 13 public policy principles for retail central bank digital currencies (CBDCs).

HKMA initiates first CBDC steps with whitepaper launch

The Hong Kong Monetary Authority (HKMA) has begun the first steps of exploring a central bank digital currency (CBDC) with the release of a technical whitepaper.

Bhutan to pilot central bank digital currency through Ripple partnership

The Royal Monetary Authority (RMA) of Bhutan has teamed with cross-border crypto payment firm Ripple to pilot a central bank digital currency (CBDC) in the region.

Nigerian central bank to launch new CBDC through Bitt collaboration

The Central Bank of Nigeria (CBN) is teaming with Barbados-based FinTech Bitt to introduce a new central bank digital currency (CBDC) called eNaira.
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