Middle Eastern central banks eye CBDC for cross-border payments
At a recent World Economic Forum event, central bankers from Bahrain and Saudi Arabia discussed CBDC opportunities, from cross-border payments to interest rate moderation.
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P2P digital currency ban looming in Nigeria as central bank halts fintech account opening
Four leading fintech apps were directed to halt onboarding recently, and with the National Security Agency classifying digital currency as a national security issue, a ban is imminent.
CBDC eliminates barriers of the siloed financial system: Swiss National Bank
At a recent BIS event in Basel, Chairman Thomas Jordan discussed Project Helvetia III, including its benefits and some alternative approaches SNB considered.
India eyes extension of CBDC pilots to money market instruments, securities tokenization
Apart from piloting India's CBDC in commercial papers and certificates of deposits, the Reserve Bank of India is also looking to make e-rupee transferable offline, bringing it to par with cash.
Bundesbank president: Digital euro ‘won’t be introduced anytime soon’
German central banker Dr. Joachim Nagel says the digital euro won't likely be live before 2028-2029 as Europe continues to iron out roadblocks that prevent the CBDC from being fully established.
South Africa’s digital payments roadmap includes CBDC, stablecoins
South Africa is marching toward Vision 2025 payments digitalization, with the central bank identifying stablecoins and a retail CBDC as some of the pillars.
Mauritania commissions Germany’s G+D to design CBDC
The prospective CBDC, called the digital ouguiya, will “advance the digital transformation” and boost financial inclusion in Mauritania, the central bank says.
US digital asset market structure bill stands ‘no chance’ this Congress: investment bank
The FIT21 Act, which is up for a vote in the United States Congress, has "no chance" of becoming law this year, according to a Monday note by investment bank TD Cowen.
BRICS countries consider blockchain-based stablecoin settlements
The U.S. dollar could face an enormous challenge as the BRICS alliance eyes the use of stablecoins for settlements in the wake of increasing sanctions against Russia and growing rivalry with China.
Digital shekel will compete with banks for deposits, payments: Bank of Israel
A digital shekel will force commercial lenders to up their game and offer better and cheaper services, according to the deputy governor of the Bank of Israel.
Announcing the launch of MNEE USD-backed stablecoin on BSV Blockchain, designed as the “currency for tomorrow”
MNEE is a licensed and regulated custodian and an issuer of digital assets in Antigua, ensuring full compliance and security in accordance with international standards.
India’s market watchdog suggests multiple regulator supervision for digital assets
While the RBI looks to ban stablecoins after imposing the harshest taxation on digital asset trading to regulate the market, Sebi advocates giving other gov't agencies the power to monitor the space.