Tag Archives: CBDC

France tests CBDC and Blockchain for Govt. Bonds

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Banque de France has tested the use of its CBDC and Blockchain technology in executing a series of government bonds. The experiment was carried out in collaboration with some of the heavyweights in the country’s financial industry, including the French public debt office. The Financial Times reported that around 500 …

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Ukraine Central Bank gets approval to issue CBDC

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The National Bank of Ukraine (NBU) has gotten the presidential approval to launch a Central Bank Digital Currency according to reports from tier-one cryptocurrency news sources. This was confirmed after President Volodymyr Zelenskyy signed the “Payment Services” bill into law. The bill will upgrade the current payment services market and …

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Nigeria set to roll out its CBDC before 2021 runs out

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Africa’s most populous country, Nigeria is planning to launch its own Central Bank Digital Currency (CBDC) before the end of the year despite the restrictions imposed on crypto transactions by the Government.  An IT specialist, Rakiya Mohammed, made this known at the recent Bankers Committee meeting in Lagos. According to …

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Former Russian PM: State-Backed digital currency will gain more trust

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Former Russian President and Prime Minister, Dmitry Medvedev, has expressed his opinion on state-backed digital currency. Medvedev believes that cryptocurrencies and central bank currencies (CBDCs) will gain people’s trust more. While speaking at the Saint Petersburg International Legal Forum, Dmitry Medvedev said “It’s time to recognize their importance,” (referring to …

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