The South African Reserve Bank (SARB) has announced a delay in the development of a retail Central Bank Digital Currency (CBDC). Despite its technical feasibility, the SARB sees […]
South Africa Delays Retail CBDC Plans While Focus Shifts to Modernization of Payment Systems
South Africa has paused its plans for a retail Central Bank Digital Currency (CBDC). This decision prioritizes upgrades to existing payment systems, which the bank sees as offering […]
SARB Holds Back on Retail CBDCs in South Africa, Focuses on Modernizing Payment Systems
The South African Reserve Bank (SARB) has concluded that while a consumer-facing central bank digital currency (CBDC) is technically possible and could support long-term innovation, there’s no immediate […]
South Africa Prioritizes Modern Payment Infrastructure Over CBDC Launch
The South African Reserve Bank (SARB) has ruled out the need for a retail Central Bank Digital Currency (CBDC) at this time, opting instead to focus on modernizing […]
South Africa Delays Central Bank Digital Currency Implementation
The South African Reserve Bank (SARB) has ruled out the immediate adoption of a retail central bank digital currency (CBDC). Instead, they advocate focusing on modernizing existing payment […]
UAE Launches Digital Dirham Pilot, Marks Major Step Towards Cashless Economy
The United Arab Emirates (UAE) has taken a significant step towards a cashless economy by conducting its first government-to-government transaction using the Digital Dirham, its central bank digital […]
Italy’s Cautious Embrace of Digital Euro: Balancing Sovereignty with Financial Prudence
Italy supports the European Central Bank (ECB)’s digital euro project, but demands a gradual implementation plan to avoid financial strain on its banking sector. While acknowledging the significance […]
Italian Banks Back Digital Euro but Seek Gradual Cost Distribution
Italy’s banking sector is fully behind the European Central Bank (ECB)’s digital euro initiative, seeing it as a symbol of digital sovereignty and a critical step for Europe […]
Pakistan Explore Stablecoin Solution to Capitalize on Economic Opportunities Amidst Regulatory Delays
Pakistan’s financial sector is actively exploring the potential of stablecoins backed by the Pakistani rupee, as revealed in a recent statement from Zafar Masud, Chairman of the Pakistan […]
Japan’s Major Banks Join Forces to Launch Stablecoin with Regulatory Backing
Japan’s three largest banks, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, and Mizuho Financial Group, have partnered with the country’s Financial Services Agency (FSA) to develop a […]
ECB Plans Mid-2027 Launch of Digital Euro Pilot Program
The European Central Bank (ECB) has announced plans for a pilot program to launch its digital euro by mid-2027, subject to legislative approval. This move marks a significant […]
Eurozone to Launch Digital Currency in 2029: European Central Bank Plans
The European Central Bank (ECB) has set its sights on launching a digital euro by 2029, aiming to revolutionize Europe’s financial landscape. This ambitious project seeks to modernize […]
European Central Bank Eyes 2029 Launch of Digital Euro Amid Legal Hurdles
The European Central Bank (ECB) aims to launch its digital euro by 2029, contingent on a newly established legal framework. This initiative follows a preparatory phase that began […]
Kyrgyzstan Launches Stablecoin, Plans CBDC by 2026
Kyrgyzstan has taken a significant step towards integrating digital currency into its financial system with the launch of the KGST stablecoin on the BNB Chain. The initiative is […]
Jeremy Kranz: Privately-Issued Stablecoins Resemble CBDCs
As the cryptocurrency landscape evolves rapidly, stablecoin risks and opportunities become increasingly apparent. Industry expert Jeremy Kranz highlights the potential dangers of privately-issued stablecoins, urging investors to exercise […]