cbdc Archives - NXTalpha

2 days ago

Nepal Prepares to Issue Digital Currency, Drafts Necessary Amendments

Lubomir Tassev A task force in Nepal has proposed legal changes allowing the country’s central bank to issue its own digital currency. The move comes after...
3 days ago

Central Bank of Brazil Director Praises Bitcoin as a Financial Innovation, Talks Programmable Digital Real

Sergio Goschenko Fabio Araujo, Director of the Central Bank of Brazil, has praised the properties of Bitcoin, saying it is a financial innovation using new technologies....
5 days ago

CBDC Could Be ‘Holy Grail’ of Cross-Border Payments, ECB Says, Sees Bitcoin as Less Credible

Lubomir Tassev Several solutions can potentially improve cross-border payments significantly and central bank digital currency (CBDC) could be the “holy grail,” according to the European Central...
2 weeks ago

ECB Economists Suggest Limiting Access to Digital Euro to Protect Banks

Lubomir Tassev A group of economists evaluating the potential effects of a digital euro have insisted that restricting access to the upcoming currency is necessary to...
2 weeks ago

Credit Cards Should Not Be Used for Crypto Transactions, Taiwan’s Financial Watchdog Says

Lubomir Tassev The financial regulator of Taiwan has asked local banks not to allow the use of cards for payments in transactions involving cryptocurrencies, local media...
2 weeks ago

Bank Indonesia Prepares to Issue Digital Rupiah as Legal Tender for Digital Payments

Lubomir Tassev The central bank of Indonesia is working to issue a wholesale digital rupiah. The new currency is meant to be the only legal tender...
3 weeks ago

Reserve Bank of India Is Working on ‘Phased Implementation’ of Central Bank Digital Currency

Kevin Helms India’s central bank, the Reserve Bank of India (RBI), is working on a “phased implementation of a central bank digital currency (CBDC) in both...
3 weeks ago

Harvard Professor Rogoff: Central Banks, Governments Are ‘Way Behind the Curve’ in Regulating Cryptocurrencies

Kevin Helms Harvard Professor of Economics and former chief economist at the International Monetary Fund (IMF) Kenneth Rogoff says central banks and governments are “way behind...
3 weeks ago

ECB’s Lagarde, Panetta See Digital Euro as More Efficient Payment Means Than Crypto

Lubomir Tassev Unbacked cryptocurrencies are not an efficient means of payment and stablecoins are vulnerable to runs, top officials at the European Central Bank have pointed...
1 month ago

Kenya Has Highest Proportion of Crypto Owning Citizens in Africa UNCTAD Data Shows

Terence Zimwara The latest data from the United Nations Conference on Trade and Development (UNCTAD) suggest that Kenya has the highest proportion of crypto-owning inhabitants than...

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