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CBDC
Nigeria's Digital Currency eNaira Faces Setback Despite Cash Shortages
Nigeria is struggling with severe cash shortages, with riots erupting across the country just days before a presidential election. Still, people are not turning to the national digital currency, the eNaira, which promised to improve retail payments. "The Hash" panel discusses the case for crypto adoption and CBDCs in Nigeria amid economic uncertainty in the country.
Why Nigerians Aren't Turning to the eNaira Despite Crippling Cash Shortages
A lack of infrastructure, merchants and interest may all be reasons why more people in the country aren't using the digital currency.
2022 Events Cast 'Serious Doubts' on Stablecoins as Money: BIS Chief
Agustin Carstens, who has previously criticized stablecoins, said they do not benefit from the regulatory requirements and protections that apply to bank deposits.
Nigeria's Central Bank in Talks With Blockchain Platform R3 for CBDC Revamp: Bloomberg
The central bank wants full control of the eNaira, and is in early talks with blockchain platform R3 to develop a new system to support the digital currency, according to the report.
Bank of Russia to Pilot CBDC in April
Digital ruble payments will be launched for retail purchases and peer-to-peer transactions, a central bank official said.
Japan Will Launch Pilot for Issuing Digital Yen in April
The move comes after more than two years of proof-of-concept experiments by the BoJ.
UAE Plans to Issue a CBDC to Promote Digital Payments
The deployment of a digital dirham is one of nine key initiatives of the UAE's new Financial Infrastructure Transformation Program.
Federal Reserve Governor Reinforces US Regulators’ Preference for Keeping Crypto Apart From Banks
Christopher Waller noted that the separation has kept the U.S. financial system out of crypto’s drama, and he’s hopeful the sector can work out its recent issues.
Don't Call It 'Britcoin': Digital Pound Nothing Like Crypto, Bank of England Official Says
The central bank has made no decision on whether a digital pound would use distributed ledger technology, Deputy Governor Jon Cunliffe said.
