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The eurozone monetary authority is in the preparatory stage for the launch of a central bank digital currency.
From amending the definition of "legal tender" to codifying a right to own self-hosted wallets, there is a lot of action Congress could take on crypto in 2024.
Nigerian tech and innovation legal expert Chinedu Albert said eNaira adoption will only happen when the government gains the trust of Nigerians and the naira attains a more trusted status.
DCash is one of the oldest CBDC projects still going. Now it plans to integrate settlements into the DCash system.
African nations were busy introducing various initiatives for cryptocurrencies in 2023. Read about the most significant innovations and crypto-related progress made during the year.
DAOs emerge as a potential solution to centralized governance, offering democratic and transparent decision-making.
The cNGN serves as a complement, not a substitute, for the eNaira and is overseen by a consortium involving Nigerian banks.
CBDC work in 2024 will test Banque de France, Bank of Italy and Bundesbank DLT solutions
The transaction was facilitated by the Shanghai Financial Exchange International Board.
Phase 2 of the PSC program will prioritize the development of a digital ecosystem and increased user engagement, emphasizing adherence to regulatory compliance.
The white paper states that CBDCs help expand financial inclusion, streamlining cross-border payments and reinforcing monetary policy control.
The digital tenge has been used for everything from free school lunches to tokenizing gold, and there’s more to come.
Offline solutions deemed to pose too great a risk of double spending and counterfeiting
A central bank official spoke about ongoing CBDC research and other payment modernization Taiwan is exploring.