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.
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.
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.
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.
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.
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.
The founder of Zurich’s MoneyMuseum, Dr. Jürg Conzett discusses the history and evolution of money on this episode of CoinGeek Conversations.
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.
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.
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.
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.