CBDCs

Over 100 central banks around the world are keen to explore central bank digital currencies (CBDCs). This is up from 35 in May of 2020. Analysts from the Bank of America are also bullish on this technology. A new research said digital…
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The Canadian government is consulting with crypto industry stakeholders to address the digitalization of money. It wants to establish a financial sector legislative review to examine the digitalization of money. The government wants to…
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Members of the U.S banking and payments community in collaboration with the New York Innovation Center (NYIC) have launched the “Regulated Liability Network” (RLN), a proof-of-concept digital money platform. The RLN will use distributed…
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In the month of September, the US Treasury Department advocated for issuing the digital dollar. According to Reuters reports, The Regulated Liability Network, a proof-of-concept digital currency network, was launched on Tuesday according to…
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Cryptocurrencies have always been a politically charged subject in the United States, if not the world. However, not every US official is on the other side of the fence. While people like Gary Gensler have actively spoken against…
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Joe Biden, United States president, will be issuing an order on cryptocurrency during this week, as reported by an administration official. This news regarding executive order issuance was initially reported in January. This order will be…
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The bank of Jamaica has found success in completing the central bank digital currency, also known as CBDC, this year. It had initially aimed to reach a rollout nationally within the first quarter of the year. In doing this, the Bank of…
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In the current environment, the central bank has been increasing its focus on CBDCs, or central bank digital currencies. Currently, across the world, CBDCs are used more often in domestic markets. However, central banks have started to…
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