CBDC

Qatar Plans to Launch CBDC Qatar central bank’s governor Sheikh Bandar has revealed the plan to issue the digital variant of the national currency. The bank is looking for the right technology and evaluating the pros and cons of this…
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Nigeria's Competitiveness In The Increasingly Digital World Is Ensured by CBDC The Central Bank of Nigeria's governor has been found to insist that the e-Naira which was introduced recently, could boost trade. He also added that this…
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Central bankers both of Kenya as well as Nigeria have revealed that CBDCs could be key to solving the risk associated with cryptocurrency. CBDCs, also known as Central Bank Digital Currency, can make the risk associated with cryptocurrency…
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The collapse in the value of certain stablecoins and recent strains in the digital asset market suggest structural fragilities, says the Federal Reserve’s Monetary Policy Report. The Fed Reserve’s board of governors highlighted stablecoins…
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The International Monetary Fund, in a new study, has urged countries to consider energy consumption when making their design choices for CBDCs. It said the explicit goal of their project should be environmentally friendly. IMF analysts…
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Brainard appears before a committee on CBDC's potential role and stablecoins' future Lael Brainard, the vice-chair of the US Federal Reserve, sent a written document to the virtual hearing of the Financial Services. The statement is on the…
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The prevailing sentiment among investors is that open-source cryptocurrencies like Bitcoin or Ether are useful as a diversifier in a portfolio, says Economist Impact’s latest report Digimentality 2022 - Fear and favoring of digital…
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Lael Brainard, from the Federal Reserve, revealed that the US would take years to develop a CBDC. Shee also added that the project can only start after both the Whote House and the Congress sign off on it. As the Vice Chair of the Federal…
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In a recent press op, the Vice-Chair of CBDC said that the organization can see a future where it exists with the stablecoins. Lael Brainard’s comments were part of a testimony that was released in advance for her appearance in the House…
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With many central banks across the world working on digital currency, the dominance of the US dollar may become a thing of the past. Industry leaders believe emerging markets are at the forefront of the central bank digital currency (CBDC)…
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