DiutoCoinNews

Reporting on Fintech, Bitcoin, Ethereum, Blockchain and Cryptocurrency News in Nigeria

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Kenyan Central Bank Governor Believes CBDC May Lead to Financial Exclusion

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According to Patrick Njoroge, the governor of the Kenyan central bank, the significant number of non-smartphones that are in use in Kenya due to high adoption of mobile phone banking means launching a central bank digital currency (CBDC) now, could…

Tanzania Finance Officials Call For Clear Global Concensus on CBDC

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Tanzania’s finance officials have called for a clearer global consensus on central bank digital currencies (CBDCs) and crypto-assets before final decisions are made by its government and world bodies. Interoperability of CBDCs Earlier before now, Tanzanian President Samia Suluhu Hassan…

Cameroon and Congo to Adopt TON Blockchain for Building the Country’s National Stablecoin

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Cameroon and the Democratic Republic of the Congo (DRC) recently disclosed plans to adopt TON, the layer-1 proof-of-stake blockchain, as the cryptocurrency and blockchain to drive future national economic progress. Congo is also reportedly considering launching a new national stablecoin…

Nigeria’s Crypto Experts Assert That CBDC Is Currently Not For The Unbanked

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Recently, the Central Bank of Nigeria (CBN) has been displaying the e-naira’s potential as a tool to develop the financial system primarily for the masses but experts have refuted this claim The statement from the experts coupled with the e-naira…

South Africa Set To Ban Pension Funds From Investing on Non CBDC Crypto Assets.

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South Africa’s Minister of Finance, Enoch Godongwana has introduced a draft of legislation that provides restrictions guidelines on how pension fund member funds are invested, according to Regulation 28. The old legislation allows portfolio managers to invest up to 2.5%…

Ghana Vice President Calls on African Nations to Embrace Digital Currency.

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The vice president of Ghana, Dr Mahamudu Bawumia has called on African Nations yet to embrace digital currency to adopt the emerging technology to meet up with dynamism of the present age in financial ecosystem. He made this known during…

IMF Confirms Only 14 Countries (5 African Countries) that are Allowed to Issue Digital Currencies Under Existing Laws.

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The International Monetary Fund (IMF) has put out a report ascertaining the list of countries that are legally allowed to issue digital currencies. Among these 14 countries are 5 African Countries. These Africa countries include: Eswatini (Swaziland) – E-lilangeni Ghana…

Huawei Mate 40 Will Support Digital Yuan Wallet

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Huawei Mate 40 will Reportedly Support the new Chinese digital yuan according to Huawei in a recent announcement on the company’s Weibo Channel. 

Mastercard Launches Testing Platform for Central Bank Digital Currencies.

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Mastercard has launched a central bank digital currency testing platform for Central Banks to enable them conduct pilot tests for Central Bank Digital Currencies.

Algorand and Central Bank Digital Currency.

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Algorand and Central Bank Digital Currency (CBDC). How algorand can be utilized in powering CBDCs across the globe.