CBDCs will gradually displace private banks, says Russian lawmaker
Some Russian banks have been increasingly concerned about the potential implications of the digital ruble after the first pilots started in August.
Jamaican taxi drivers bullish on accepting Jam-Dex CBDC
Jam-Dex would be significantly transformative for the public transportation sector and needs to be embraced, believes Aldo Antonio, co-founder and acting executive chairman of the National Transporters Alliance Group.
Crypto amplified financial risks in emerging markets: BIS papers
The central banks of the United States, Canada, Mexico and Brazil have pointed out the risks of crypto but warned against excessively prohibitive laws.
Bank of Canada
Canada
CBDC
Central Bank
central bank digital currency
Digital Dollar
discussion paper
Canadians have ‘weak incentives’ to use a CBDC: Bank of Canada
A central bank discussion paper found that the majority of Canadians have little trouble accessing financial services, which gives them little reason to use a CBDC.
Nigeria to issue verifiable blockchain certificates for NYSC
This initiative aims to house all NYSC certificates on the blockchain, providing individuals with the means to easily verify and authenticate them.
Blockchain.com
Central Bank
crypto license
digital payments provider
License
MAS
MPI singapore
Singapore
Blockchain.com scores payment license from Singapore central bank
The crypto exchange is the 12th to receive a crypto-dealing license in the country allowing it to service accredited investors and institutions.
Africa
Central Bank
central bank directive
Ethiopian Birr
foreign currency
National Bank of Ethiopia
Ethiopian Central Bank Restricts Amount of Cash Travelers Can Hold, Sets Foreign Currency Conditions
According to the National Bank of Ethiopia’s directive, which became effective on September 5, persons entering and departing the country in possession of local currency are now subject to new…
CBDC
Central Bank
China
chinese
Crypto
Cryptocurrencies
cryptocurrency
Digital Currency
Digital Yuan
e-CNY
Finance
integration
interconnectivity
payment systems
payment tools
Payments
PBOC
pilot
pilot project
Yuan
Central Bank of China Calls for Increasing Use of Digital Yuan
The People’s Bank of China has urged for widening of the array of use-case scenarios for its central bank digital currency. The monetary authority believes that deeper interconnection with traditional…
Bank of Russia
CBR
Central Bank
Crypto
crypto payments
Cryptocurrencies
cryptocurrency
Digital Currency
digital ruble
Finance
finance ministry
international payments
international settlements
Payments
Russia
russian
Settlements
Bank of Russia to Promote Digital Ruble in Foreign Trade as Finance Ministry Pushes for Crypto Option
Days after the two institutions agreed on the need for cross-border crypto payments, the finance ministry and the central bank of Russia are once again highlighting their different priorities. While…