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Search Results for: central bank digital currency

Zimbabwe cracks down on black market forex trade to prop up ZiG currency
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11 June, 2024

Zimbabwe cracks down on black market forex trade to prop up ZiG currency

Since the revived crackdown began, bankers say forex volumes on official channels have increased, but some merchants still refuse to...
UAE central bank approves dirham-backed stablecoins
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11 June, 2024

UAE central bank approves dirham-backed stablecoins

Aware of its potential to destabilize the financial ecosystem, the Central Bank of the United Arab Emirates is taking a...
Digital yuan app removes ‘pilot’ from description, fueling speculation for production
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10 June, 2024

Digital yuan app removes ‘pilot’ from description, fueling speculation for production

The People’s Bank of China has yet to formally announce a mainstream rollout of the digital yuan, and local authorities...
Indian banks offer incentives to lift e-rupee use as wholesale CBDC usage plunges
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6 June, 2024

Indian banks offer incentives to lift e-rupee use as wholesale CBDC usage plunges

Local banks are actively offering cashbacks and reward points to woo customers into using the wholesale CBDC following a significant...
Israel’s digital shekel challenge targets innovative CBDC applications
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6 June, 2024

Israel’s digital shekel challenge targets innovative CBDC applications

The Bank of Israel launched the challenge to explore the feasibility of issuing a digital shekel, inspired by the Bank...
Nigerian lawmakers push for digital asset regulation to boost struggling economy
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5 June, 2024

Nigerian lawmakers push for digital asset regulation to boost struggling economy

Lawmakers who screened the newly appointed Securities and Exchange Commission head called on the agency to regulate the sector better...
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