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Category: CBDC

CBDC

The CBN Says Nigeria Will Have a Digital Currency Before End of Year

Nigeria is likely to have its own central bank digital currency (CBDC) by the end of the year, an official with the Central Bank of Nigeria (CBN) has said. In his remarks following the bankers’ committee meeting, Rakiya Mohammed, who is the director of information technology at CBN, also revealed that this “digital currency would […]

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CBDC

African giant Nigeria announces plan to launch CBDC

TL;DR Breakdown CBN announces plan to launch CBDC Other African countries working on a CBDC The Central Bank of Nigeria has announced that it would be launching a Central Bank Digital Currency (CBDC) before the end of 2021. According to local reports, the Director, Information Technology Department, Mrs. Rakiyat Mohammed, announced at the banker’s committee […]

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Bank of France

Swiss, French Central Banks to Trial Wholesale CBDC Settlements With BIS and Private Sector

The central banks of Switzerland and France are joining hands with the Bank for International Settlements to test wholesale central bank digital currencies in cross-border transactions. The experiment will be conducted with the help of a private sector consortium led by Accenture. European Central Banks to Collaborate on CBDC Project The Swiss National Bank (SNB), […]

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Altcoin News

France, Switzerland hint at cross-border CBDC

TL;DR Breakdown France, Switzerland to trial cross-border CBDC Digital Yuan, inspiration behind project? Switzerland, France says project doesn’t mean a CBDC is in sight The Bank of France and the Swiss National Bank, the apex bank of both France and Switzerland, are currently working on an experimental cross-border CBDC (Center Bank Digital Currency), dubbed “Project […]

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