81 Countries Are Now Exploring Central Bank Digital Currencies — 5 CBDCs Fully Launched

Eighty-one countries are now exploring central bank digital currencies (CBDCs), according to a new tracker. This number is 46 more countries than the number in May last year. In addition, five countries... Read more »

Namibia Central Bank to Complete Crypto Study By April 2022 — Governor Says Current Laws Do not Permit Use of Digital Assets

The Bank of Namibia (BON) is on course to complete its study into cryptocurrencies by April 2022, the central bank governor, Johannes Gawaxab recently confirmed. The governor however reiterated that cryptocurrencies are... Read more »

India’s Central Bank RBI Unveils Plan to Launch Digital Currency in Phases

The deputy governor of the Reserve Bank of India (RBI) has revealed that the central bank is planning to launch a state-backed digital currency in phases so that it would have “little... Read more »

Central Bank Digital Currencies: The Consumerization of Money

Consumerization is the influence that products originating in the consumer markets eventually have on the broader commercial markets.  Apple is the prototypical example of a consumer-focused company reshaping and ultimately transforming small-business,... Read more »

China’s Digital Yuan Will Utilize Smart Contracts

Key Takeaways The People’s Bank of China (PBOC) stated in a new whitepaper that it is using smart contracts for its digital Yuan or e-CNY. Smart contracts supported by e-CNY will act... Read more »

UAE Central Bank Unveils Plan to Launch Digital Currency

The Central Bank of the United Arab Emirates has unveiled its plan to launch a digital currency as part of its 2023-2026 strategy to become one of the world’s top 10 central... Read more »

Financial Watchdog FinCEN Recruits First-Ever Chief Digital Currency Advisor

Following the Financial Crimes Enforcement Network (FinCEN) explaining the misuse of cryptocurrencies is a national priority last week, the bureau announced on Tuesday it hired its first-ever chief digital currency advisor. FinCEN’s... Read more »

Prime Minister of Vietnam Asks Central Bank to Pilot Digital Currency

Pham Minh Chinh, the prime minister of Vietnam, has asked the country’s central bank to conduct a study of cryptocurrency and pilot the implementation of a blockchain-based currency within the next two... Read more »

Grayscale adds Cardano (ADA) to its Digital Large Cap Fund

Grayscale Investments, the world’s largest crypto asset manager, announced yesterday that it has added Cardano (ADA) to the company’s Digital Large Cap Fund. “Welcome aboard, Cardano. We have adjusted the portfolio of... Read more »

Fed Vice Chair Quarles Says Digital Dollar Could Pose Significant Risks to US Banking System

The Federal Reserve’s vice chairman of supervision and the chair of the Financial Stability Board (FSB), Randal K. Quarles, doubts the benefits of the digital dollar but says it “could pose significant... Read more »