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Report: Nigeria to Stop Cash Withdrawals From Government Accounts

[Jan 8, 2023 5:30 PM] From the start of March, Nigerian public officials will be barred from withdrawing cash from government bank accounts, the head of the Nigerian Financial Intelligence Unit reportedly said. Public officials that want to be exempted from this new…

Former Chinese central banker says digital yuan ‘usage has been low’

[Dec 29, 2022 9:30 PM] A former China central banker said cumulative e-CNY transactions only crossed $14 billion in two years, adding the results were “not ideal.”

China’s CBDC wallet resorts to ages-old tradition to boost adoption

[Dec 28, 2022 1:00 AM] A traditional Chinese way of gifting money that’s gone virtual with the rise of digital payments has been introduced into the digital yuan wallet app.

India’s Central Bank Chief: Cryptocurrencies Will Cause Next Financial Crisis if They’re Not Banned

[Dec 22, 2022 10:00 PM] The governor of India’s central bank, the Reserve Bank of India (RBI), has warned that the next financial crisis will come from cryptocurrencies, like bitcoin and ether. The central bank chief added that cryptocurrencies pose “huge…

Bank of England opens applications for 'proof of concept' CBDC wallet

[Dec 11, 2022 11:18 PM] The bank requires the wallet to execute basic features such as transacting value and requesting payments and set its budget at nearly $255,000.

Bank of Spain to Launch Experimental Wholesale CBDC Digital Token Program

[Dec 8, 2022 6:30 AM] The Bank of Spain is seeking the collaboration of organizations interested in participating in an experimental test on a wholesale central bank digital currency (CBDC). The institution clarified this new program has no relation with the current…

Spain’s central bank to experiment with wholesale CBDCs

[Dec 8, 2022 12:42 AM] The Bank of Spain said the study can help determine to what extent it can adapt to the "needs and demands of an increasingly digital society.”

India’s Central Bank Digital Currency Should Be Able to Do Anything Cryptocurrency Can Do With No Risk, Official Claims

[Dec 5, 2022 10:30 PM] An Indian central bank official claims that if there is anything cryptocurrencies like bitcoin and ether can do, the Reserve Bank of India (RBI) should be able to create a product that will do the same job without the associated risks. “This…

‘I Wanted to Punch Kanye’ — Free Speech Waffler Elon Musk’s Nonsensical Take on Bitcoin, CBDCs, and Censorship

[Dec 4, 2022 11:00 PM] “Vox Populi, Vox Dei, man.” So says self-proclaimed Chief Twit Elon Musk from a private jet flying high above the world during a Twitter Spaces appearance on Sunday, Dec. 4 (JST). It does sound nice to say, but the voice of the mob should never be…

US Lawmakers Say Any Digital Dollar Must Be Open, Permissionless, and Private

[Dec 2, 2022 8:30 PM] Nine U.S. lawmakers have raised concerns regarding the U.S. central bank digital currency project led by the Federal Reserve Bank of Boston. The lawmakers stressed: “Any U.S. CBDC must be open, permissionless, and private.” Congressmen…

RBI Begins First Retail Digital Rupee Pilot in 13 Indian Cities With 8 Banks

[Nov 29, 2022 11:00 PM] India’s central bank, the Reserve Bank of India (RBI), is launching its first retail digital rupee pilot on Dec. 1 with the participation of eight banks. The pilot will start in four cities and then expand to cover nine more cities across…

President of Bank of Brazil Shows ‘Open Finance’ Digital Real Concept Featuring Stablecoin Integration and Payments Functionality

[Nov 29, 2022 6:30 AM] Roberto Campos Neto, president of the Bank of Brazil, explained the role that the Brazilian central bank digital currency (CBDC), the digital real, might play in the future of personal finance. At an event, Neto explained the concept of “open…

Bank of Japan to Launch Digital Yen Pilot Program Next Year

[Nov 26, 2022 1:30 AM] The Bank of Japan is preparing to run a test trial of its own central bank digital currency (CBDC), the digital yen, with help from three top banks and regional institutions. The pilot program, estimated to last two years, will focus on testing the…

Zimbabwean Central Bank Launches CBDC Consumer Survey

[Nov 11, 2022 2:30 AM] The Zimbabwean central bank has said it is “conducting a CBDC [central bank digital currency] Consumer Survey to solicit opinions on the design and nature of the CBDC and its overall acceptance by the public.” The bank said the…

Queen Maxima of Netherlands Sees Multiple Benefits of Digital Euro

[Nov 10, 2022 2:30 AM] Queen Maxima of the Netherlands has outlined multiple benefits central bank digital currencies (CBDCs) could bring, particularly in the area of financial inclusion. “Governments could use a digital euro to channel financial support to…