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Systems

Small-town India May Hold the Key to Success for India’s Blockchain-based Digital Rupee

“The adoption of digital payments by the country’s smaller towns has laid the groundwork for the Reserve Bank of India’s (RBI) digital currency based on blockchain technology. The banking regulator has been working on the phased implementation of its digital currency—the central bank digital currency (CBDC) or the rupee in electronic form. A pilot may […]
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Systems

Digital Pound Foundation Launches to Promote CBDC Development in the UK

“The Digital Pound Foundation (DPF), a group of technology, innovation, and regulatory experts, has announced its launch as an independent non-profit organization in the U.K. According to a release issued on Thursday, the DPF will work to promote the implementation of a central bank digital currency (CBDC) in the country. Indeed, as previously reported by […]
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Systems

Hong Kong Monetary Authority Releases CBDC Whitepaper to Study Prospect of E-HKD

“Hong Kong’s Monetary Authority, its de facto central bank, has released a whitepaper on retail central bank digital currencies (CBDCs) while it continues to explore the potential of a digital Hong Kong dollar (e-HKD) for its domestic and cross-border markets. The white paper was published Monday by the Hong Kong Monetary Authority (HKMA), which is […]
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Global

CBN Postpones ENaira Launch

“The Central Bank of Nigeria has announced the postponement of the launch of the country’s digital currency, eNaira. The bank had earlier said it would launch the currency today, October 1. It announced a postponement Thursday citing lined up events for the country’s 61st independence anniversary. The postponement came a day after a firm (ENaira […]