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Search Results for: central bank digital currency

Ghana’s central bank backs CBDCs for financial inclusion
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5 October, 2022

Ghana’s central bank backs CBDCs for financial inclusion

In a recent interview, the head of fintech at the Bank of Ghana backed state bank-backed digital currencies, saying that...
Russia eyes use of digital ruble in transacting with China
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4 October, 2022

Russia eyes use of digital ruble in transacting with China

As the U.S. fortifies its grip on the global financial system, Russia targets to give sanctions-hit countries an opportunity to...
Bank of International Settlement wraps up mBridge cross-border CBDC pilot
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2 October, 2022

Bank of International Settlement wraps up mBridge cross-border CBDC pilot

A month-long CBDC pilot program involving Hong Kong, Thailand, China, and the United Arab Emirates ends with millions in cross-border...
French central bank to explore wholesale CBDCs and utility of tokenized bonds
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1 October, 2022

French central bank to explore wholesale CBDCs and utility of tokenized bonds

Apart from considering the benefits of wholesale CBDCs, Villeroy de Galhau notes that the central bank is also looking to...
Philippine central bank: Stablecoins could revamp country’s payments ecosystem
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29 September, 2022

Philippine central bank: Stablecoins could revamp country’s payments ecosystem

The Bangko Sentral ng Pilipinas says it is high time to use stablecoins in transactions, noting that it will be...
China’s law enforcement busts $5M virtual currency money laundering ring
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29 September, 2022

China’s law enforcement busts $5M virtual currency money laundering ring

Ninety-three people allegedly tied to money laundering in China face jail time as authorities widened the crackdown on illegal gambling...
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