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Nigeria has imposed a limit of USD 45 on cash withdrawals in a move to push consumers towards alternatives, including its own Central Bank Digital Currency (CBDC), the eNaira.
cryptocurrency, central bank, stablecoin, digital currency
Bank of Indonesia has announced developments in its plans to launch a central bank digital currency, (CBDC), for digital economic and financial transactions.
CBDC, central bank, digital currency, cryptocurrency, digital assets
The Bank of Japan (BOJ) has partnered with three megabanks and regional banks to conduct a central bank digital currency (CBDC) issuance pilot starting in spring 2023.
CBDC, central bank, digital currency, digital payments, stablecoin
Digital currency security systems provider eCurrency has entered a long-term partnership with the Bank of Jamaica to support its CBDC rollout.
CBDC, central bank, digital currency, cryptocurrency
Members of the US banking community have launched a proof of concept (PoC) project that will explore the feasibility of an interoperable digital money platform known as the regulated liability network (RLN).
partnership, banks, DLT, digital currency, blockchain
Payment service company Iberpay has joined 29 banks to launch a digital euro proof of concept in relation to the possible issuance of a CBDC.
CBDC, cryptocurrency, digital currency, banks
UK-based Cardstream has partnered up with blockchain infrastructure provider Qi Digital to enable merchants’ acceptance of digital currencies.
partnership, cryptocurrency, cryptocurrency exchange, digital currency, digital wallet, API, merchants
The Monetary Authority of Singapore (MAS) has launched an international initiative, Ubin+, to advance cross-border foreign exchange (FX) using wholesale CBDC.
partnership, cryptocurrency, cryptocurrency exchange, CBDC, FX , blockchain, wholesale banking, digital currency
Worldline expert Thibault Pelé discusses private blockchains and stablecoins and explains why he believes digital currencies are the future.
cryptocurrency, digital currency, blockchain, stablecoin, payment industry
Germany-based smart billing fintech aifinyo has announced offering a flat rate for B2B international transfers for the first time in the German market.
product launch, cross-border payments, cross-border ecommerce, payment processing, digital currency, SEPA
The European Central Bank (ECB) and the People’s Bank of China (PBC) have decided to extend their bilateral euro-renminbi currency swap arrangement for another three years until 8 October 2025.
partnership, central bank, digital currency, financing
The Reserve Bank of India has announced plans on a phased introduction of a central bank digital currency and will put forth a final design after it has conducted large scale pilot projects.
CBDC, central bank, digital currency, fintech, cryptocurrency, crypto asset
Financial messaging system SWIFT has laid out its blueprint for a global central bank digital currency (CBDC) network following an 8-month experiment on different technologies and currencies.
Swift messages, CBDC, blockchain, digital currency, crypto asset
The central banks of Israel, Norway, and Sweden have partnered the Bank for International Settlements (BIS) to explore CBDC usage in international retail and remittance payments.
CBDC, partnership, central bank, digital currency, blockchain
The Reserve Bank of Australia (RBA) has announced plans to identify business models and uses for a central bank digital currency, or eAUD, and is likely to conduct a pilot early in 2023.
US-based cloud-native payments company Gr4vy has announced a new strategic partnership with cryptocurrency exchange platform BitPay to allow its merchants to easily accept crypto payments through BitPay’s checkout offering.
partnership, blockchain, cryptocurrency, cryptocurrency exchange, crypto, crypto asset, stablecoin, digital wallet, digital currency, payments orchestration, merchants, Web 3.0, web3
The Central Bank of the Russian Federation has begun testing the digital rouble platform and has completed a cycle of transfers between individual clients.
CBDC, banks, digital currency, digital wallet, digital assets
One-stop shopping destination across the UAE, Day to Day Hypermarket, has announced its intention to accept cryptocurrency payments for both online and in-store purchases.
digital currency, digitalisation, cashless, cryptocurrency, crypto, crypto asset, retail, online payments, ecommerce, ecommerce platform, Bitcoin, Ethereum
The European Union (EU) has announced plans to create a sixth Anti-Money Laundering Authority that will be specifically tasked with regulating the cryptocurrency industry.
crypto, regulation, AML, crypto asset, digital currency
The Central Bank of Russia has announced its plans to begin the implementation of the digital ruble in 2024.
CBDC, digital currency, central bank, crypto asset, blockchain