CBDCs

CBDCs

Policy

Nigeria to Postpone Its CBDC Launch: Reports

The central bank is delaying the eNaira’s start as the African nation gears up to celebrate the 61st anniversary of its independence, according to two reports.

Lagos, Nigeria

Videos

Visa Working on Interoperability Platform for Stablecoins and CBDCs

Payments behemoth Visa has proposed a platform to enable interoperability between central bank digital currencies (CBDCs) and other stablecoins. The “universal payments channel” (UPC) aims to allow the cryptocurrencies to be transferred between different blockchain networks.

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Finance

Visa Working on Interoperability Platform for Stablecoins, CBDCs

The channel would allow cryptocurrencies to be transferred between different blockchains.

(Sinisa Botas/Shutterstock)

Finance

Bank of England Unveils CBDC Forum Members, Including Reps From Asos, PayPal and Spotify

The formation of two forums was announced in April to explore a potential UK CBDC that would exist alongside cash and bank deposits.

The Royal Exchange. (QQ7/Shutterstock)

Policy

Pro-Crypto Senator Lummis Says Stablecoins Should Be Audited

A full audit would be more rigorous than the attestations the coins’ two top issuers have produced.

Sen. Cynthia Lummis (R-Wyo.) (Kevin Dietsch/Getty Images)

Policy

Digital Dollar Needs Legislative Support, Fed Chair Says

The issue of CBDCs and financial privacy were featured during Tuesday’s contentious Senate Banking Committee hearing.

Treasury Secretary Janet Yellen (L) and Fed Chair Jerome Powell (Kevin Dietsch/Getty Images)

Finance

Nigeria’s eNaira Website Goes Live Ahead of Scheduled October Rollout

The central bank digital currency will be accompanied by a CBN-sanctioned wallet that a user can link to a bank account.

(Nupo Deyon Daniel/Unsplash)

Finance

Fantom to Work With Orienbank to Help Develop a Possible CBDC for Tajikistan

The Fantom Foundation will work with OJSC Orienbank on a possible CBDC for use in the central Asian country.

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Policy

Central Bank of Chile Sets Up Team to Study CBDC Issuance

The team will present a white paper in first-quarter 2022 stating the objectives, requirements and regulations for the development of a digital currency.

(Shutterstock)

Tech

Italian Payments Giant Nexi Says It Is ‘Contributing’ to Design of Digital Euro

“We are starting to talk about a new version of cash,” Nexi’s CEO said. “That’s why we are engaging with the ECB.”

The EU flag (Christian Lue/Unsplash)