Bank of Ghana Launches Hackathon to Explore Various Use Cases of CBDC
The Ghanaian central financial institution stated will probably be internet hosting a 12-week hackathon the place individuals are anticipated to discover the e-cedi’s 9 totally...
US House Committee Passes CBDC Anti-Surveillance State Act With Support of 60 Congress Members
The U.S. House Financial Services Committee has handed the CBDC Anti-Surveillance State Act, the primary anti-central financial institution digital foreign money legislative effort launched within...
Fed Official: Digital Dollar Decision Still a Long Way Off
The Federal Reserve’s vice chair for supervision has affirmed that the U.S. central financial institution is “a long way” from making a choice on whether...
US Lawmaker: Americans Don’t Need CBDC That Can Track Purchases Like China’s Digital Yuan
Several lawmakers have expressed issues in regards to the privateness dangers of the Federal Reserve issuing a central financial institution digital foreign money (CBDC). “Americans...
US Congressman Warren Davidson: ‘Banning CBDC Is Essential to America’s Fintech Future’
U.S. Congressman Warren Davidson has railed towards central financial institution digital currencies (CBDC), stating that enacting a ban on these devices is “essential” for the...
Nigerian Central Bank Says Amended CBDC Model to Ensure Increased Volumes and Wallet Activity
The Nigerian central financial institution has stated it’s amending the mannequin of its central financial institution digital forex and is hopeful that such an train...
Federal Reserve Launches Fednow for Instant Payments — JPMorgan, Wells Fargo, and 33 Banks Onboard
The Federal Reserve has launched its Fednow Service for fast funds with 35 collaborating banks and credit score unions, in addition to 16 service suppliers....
Ripple Expects Business to Pick Up within the US After Landmark Ruling
Ripple, a cryptocurrency and remittance providers firm, expects to begin providing its providers to U.S.-based companies after the current ruling that determines the XRP token...
Bank of China Expands Digital Yuan Testing to SIM Cards and NFC Payments
The state-owned monetary establishment Bank of China has revealed a partnership with China Unicom and China Telecom with a view to take a look at...
Central Bank of Russia: Digital Ruble Could Be Launched as Soon as 2025
Olga Skorobogatova, first deputy chairman of the Central Bank of Russia, indicated that the launch of the digital ruble, the Russian central financial institution digital...