Nigeria eyes October launch for CBDC after 5 years of research
The central bank has been working on Project GIANT since 2017, conducting research on the opportunities and risks it poses to the Nigerian economy, which is the largest in Africa.
Latest Central Bank Digital Currency News
India taking first steps towards a digital rupee to fight ‘private’ virtual currencies
Rabi Sankar, deputy governor at the Reserve Bank of India, noted the need for India to keep pace with other major economies in financial innovation, especially with 86% of central banks researching CBDCs.
Japan forms unit to oversee digital currencies as it steps up regulation efforts
The country’s financial services regulator has reportedly established a new unit that will oversee the industry, even as the Finance Ministry increases its headcount to better police the rapidly growing industry.
ECB gives digital euro the green light: Here are some key insights
The ECB is one of the most powerful central banks globally, setting monetary policy for the Euro area. With this latest announcement, we now have official confirmation that one of the biggest of them all is doing a lot more than just looking at them.
South Korean internet companies vie for digital currency pilot
Subsidiaries of Naver and Kakao are reported to have submitted proposals to run the 10-month blockchain pilot program, which will aim to test the feasibility of a central bank digital currency in a simulation.
UAE central bank sets sights on digital currency launch
In its 2023-2026 roadmap, the Central Bank of the UAE has identified seven areas that it will focus on as it seeks to join the U.S., China, Japan and Germany at the upper echelons of global finance.
Jürg Conzett: Money is always changing
The founder of Zurich’s MoneyMuseum, Dr. Jürg Conzett discusses the history and evolution of money on this episode of CoinGeek Conversations.
80 central banks looking at digital currencies: Christine Lagarde
One of the world’s most powerful central bankers, the European Central Bank's Christine Lagarde, confirmed that she was aware of 80 central banks currently looking at digital currencies.
Ghana to start CBDC pilot in September as it seeks to reduce cash reliance
The Ghanaian central bank is in advanced stages in its development of a central bank digital currency, with a pilot set to start in September.
Jamaica central bank to begin digital currency pilot in weeks
The central bank of Jamaica is to begin rolling out its central bank digital currency from August, becoming one of the first countries in the world to push a CBDC formally through its central bank.
New Zealand to explore CBDC, integrating digital currencies and stablecoins
The Reserve Bank of New Zealand will be consulting the public on how a CBDC can work alongside cash, as well as issues arising from digital currencies like Bitcoin (BSV) and stablecoins.
Vietnam’s PM asks central bank to explore CBDC based on blockchain
The prime minister has been pushing for e-governance as he seeks to make Vietnam’s government an efficient digital one, putting emphasis on big data, augmented reality, artificial intelligence and virtual reality.