In the middle of the continuing fintech revolution, Bitcoin, the pioneering cryptocurrency, has caught the global financial community's fascination as well as anxiety. As the digital currency's...

World governments should not grant cryptocurrency legal tender status, the International Monetary Fund’s (IMF) executive board said in its new nine-point action plan on...

Central Bank Digital Currencies (CBDCs) are digital versions of a country’s fiat currency, issued and backed by the central bank. While many central banks...

Central Bank Digital Currencies (CBDCs) are digital versions of a country’s fiat currency, issued and backed by the central bank. While many central banks...

Central Bank of Egypt is currently exploring the possibility of implementing a new government based digital currency to be used as a an official...

According to a Wall Street Journal, at the opening ceremony of the 2022 Winter Olympics in Beijing, the number of transactions using the digital yuan greatly exceeded that of Visa. (Read More)

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China's stance regarding cryptocurrencies has been well documented and with each passing day, regulations around crypto mining and businesses are getting stricter. The changing regulatory landscape ha

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Japan’s central bank digital currency plans will reportedly take shape by the end of 2022 as CBDC development across the globe gathers pace. With China leading the charge, other major economies seem to be working towards international collaboration to counter Beijing’s national digital currency ascendency. Japan’s CBDC Still an Experimental Project According to Reuters, theRead More

Central bank digital currencies (CBDCs) have little structural benefits to draw from decentralized features of blockchain technology, according to the chief economist at Swiss National Bank Carlos Lenz. Lenz said that blockchain happens to be very inefficient, which nullifies decentralization in CBDCs as an ideal solution. Apart from blockchain technology, he said that there are […]

The powerbase tussle between crypto, cash and central banks will be the defining fintech battle

The Bank for International Settlements, often called the central bank to the world’s central banks, set out recommendations on June 23 as to how a CBDC should be. BIS estimated that around 56 central banks and monetary authorities around the world are now looking at digitizing their currencies as commerce shifts online, as reported by Reuters. […]