IMF Proposes Global CBDC Platform For Low Fee Transborder Transactions.
Executives at the International Monetary Fund Thursday called for a global platform for cross-border CBDC payments, and reiterated calls to regulate a crypto sector that officials say is volatile. Tobias Adrian, director of the IMF’s monetary and capital markets department,…
Nigeria and Kenya Central Banks Condemns Crypto, Promotes Central Bank Digital Currencies.
Top Central Bank executives from Nigerian and Kenyan central said that cryptocurrencies are too volatile to become an acceptable payment method, insisting that cryptocurrencies pose a risk to financial stability. The bankers namely, Kingsley Obiora, the deputy governor of the…
Nigeria CBDC eNaira Ranks First In PwC Global Digital Currency Index:
The Nigeria Central Bank Digital Currency, eNaira led the retail project indexes of central banks globally in the 2022 PricewaterhouseCoopers’s (PwC) Central Bank Digital Currency (CBDC) Global Index. Titled ‘The race to digital money is on,’ the PwC index analyses and ranks…