CBDCs


El Salvador to Launch Government Blockchain Infrastructure on Algorand This Year

The country has signed an agreement with Latin American asset tokenization company Koibanx to allow official records to be hosted on the blockchain.

SAN SALVADOR, EL SALVADOR - AUGUST 27: A veteran waves a flag of El Salvador during a protest against the bitcoin law by veterans of the Salvadoran civil war on August 27, 2021 in San Salvador, El Salvador. The new bitcoin law should come into force on September 7. (Photo by Roque Alvarenga/APHOTOGRAFIA/Getty Images)

Finance

Nigeria’s Central Bank Taps Bitt to Launch CBDC by Year’s End

The bank is working with the blockchain startup to develop an eNaira digital currency.

Godwin Emefiele, governor of Nigeria's central bank. (Chris J. Ratcliffe/Bloomberg via Getty Images)

Policy

China to Build Global Clearing Network for Mobile Payments, Using Digital Yuan: State Media

RMB internationalization is inevitable, wrote People’s Daily.

Customers at a coffee shop in Beijing can use the digital yuan to pay.

Finance

India Could Launch CBDC Trials Later This Year, According to Central Bank Governor: Report

Deputy Governor T. Rabi Sankar said the central bank is studying matters related to security and the broader impact a CBDC would have on monetary policy.

RBI entrance in New Delhi, India

Videos

Mastercard Partners With Paxos to Simplify Payments Card Offerings for Cryptocurrency Firms

Mastercard’s Raj Dhamodharan and Paxos’ Walter Hessert discuss their partnership enabling more banks and crypto companies to offer card programs, helping crypto holders spend their digital assets anywhere Mastercard is accepted.

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Markets

'Block Kong': Dim Sum in a Crypto Hub

A global center for finance, Hong Kong is an often overlooked hub for the blockchain industry, as documented in "Block Kong."

Charles d'Haussy

Markets

Jamaica's Central Bank Says It Would Need Court Order to Track CBDC Transactions

The bank said it would only capture general transaction data for its economic analysis and assessments.

Kingston, Jamaica.

Videos

Pro-Crypto Advocate Rep. Darren Soto on Infrastructure Bill: ‘Ignorance Is Our Greatest Foe and Not Necessarily Partisanship’

Does crypto have a strong enough lobbying presence in D.C.? This week, the Senate passed the historic $1 trillion bipartisan infrastructure bill without any crypto amendment, raising concerns about its controversial definition of “broker.”

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Markets

Honor Releases First Snapdragon Smartphone With Digital Yuan Wallet

The PBoC has been pushing for hardware applications of the digital yuan.

People's Bank of China

Markets

Samsung Plans to Test Mobile Phone Functionality With South Korea's CBDC Pilot

The electronics giants will look at whether transactions can be completed without internet availability.

Samsung