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Central Bank Digital Currency

Central Bank of Nigeria greenlights use of CBDC for international remittances
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27 June, 2023

Central Bank of Nigeria greenlights use of CBDC for international remittances

International money transfer operators are expected to apply for a one-time license to pay out funds in the eNaira, with...
ECB updates digital euro approach for financial inclusion
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26 June, 2023

ECB updates digital euro approach for financial inclusion

The European Central Bank intends to achieve financial inclusion through several initiatives, including providing physical digital euro payment cards, in-person...
Singapore central bank’s white paper explores standards, use cases for digital money
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26 June, 2023

Singapore central bank’s white paper explores standards, use cases for digital money

Singapore believes digital money would be key in revitalizing the future of the financial and payments sector, laying out standard...
Second iteration of cross-border CBDC pilot between China, Hong Kong falters
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24 June, 2023

Second iteration of cross-border CBDC pilot between China, Hong Kong falters

The CBDC pilot initiative hit a road bump following several user complaints, including the limited number of merchants accepting the...
IMF proposes single ledger cross-border payment platform using blockchain
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23 June, 2023

IMF proposes single ledger cross-border payment platform using blockchain

Aside from the settlement layer, the CBDC platform dubbed XC platform comprises a programming layer designed to allow participants to...
Slovakia embeds cash usage in constitution amid digital euro fears
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22 June, 2023

Slovakia embeds cash usage in constitution amid digital euro fears

Slovak legislators worry that the digital euro will start out as an alternative but will soon be mandatory, and they...
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