Nigerian Cash Crisis: Benue State Residents Resort to Barter Trade
Faced with cash shortages caused by the central bank’s currency policies, traders in the Nigerian state of Benue have reportedly resorted to barter trading. Traders from the state have implored the Nigerian government to consider rescinding the Central Bank of Nigeria’s naira redesign policy. The Nigerian Supreme Court has said it will pass its judgment on a suit challenging the naira redesign policy on March 3.
Brazilian Digital Real Passes Public Blockchain Pilot Test With Flying Colors
A tokenized version of the digital real, the Brazilian central bank digital currency (CBDC), has passed a public blockchain pilot test successfully. The test, which was carried out by Mercado Bitcoin, a local exchange, using the Stellar network, shows that the digital real token can be used in public blockchains following all compliance rules set by Brazilian laws.
FSB, IMF and BIS Papers To Set Global Crypto Framework, Says G20
The Financial Stability Board (FSB), the International Monetary Fund (IMF), and the Bank for International Settlements (BIS) will deliver papers and recommendations establishing standards for a global crypto regulatory framework, announced on Feb. 25 the group of the 20 biggest economies of the world, collectively known as G20.
US Congressman Proposes Bill to Block Federal Reserve from Creating American CBDC
US Republican House Majority Whip Tom Emmer has introduced a bill on Wednesday to prevent the Federal Reserve from issuing a central bank digital currency (CBDC) or using it to control monetary policy.
Bank of Japan to Launch Digital Yen CBDC Pilot Later This Year
The Bank of Japan is preparing to launch a pilot test for a digital yen, its central bank digital currency (CBDC), later this year. Shinichi Uchida, executive director of the Bank of Japan, explained that the goals of this new pilot are to test the technical feasibility of the currency and to include private businesses in its design process.
eNaira Is ‘Crippled’: Nigeria in Talks With NY-Based Company for Revamp
The Central Bank of Nigeria (CBN) continues with its attempts to create its central bank digital currency (CBDC), the eNaira, but this time it’s calling in for backup.
San Francisco's Move to Hire CBDC Developer Signals Digital Currency Progress
Joining the growing ranks of public actors across the world who wish to jump on the central bank digital currency (CBDC) wagon, the Federal Reserve Bank of San Francisco is looking for an experienced CBDC developer under a job opening titled “Senior Application Architect - Digital Currency”.
Crypto Evening Briefing: Do Kwon Tapped Hoard of 10,000 Bitcoin Via Swiss Bank; Judge Alludes to Possibility of SBF Bail Reversal
Shenzhen, China, has begun a retail-focused “cross-border” digital yuan pilot with Hong Kong. Japan will launch a pilot programme in April to test the use of digital yen.
China Begins Hong Kong ‘Cross-Border’ Digital Yuan Pilot
Shenzhen, China, has begun a retail-focused “cross-border” digital yuan pilot with Hong Kong.
Japan Will Launch Pilot for Issuing Digital Yen In April
Japan will launch a pilot programme in April to test the use of its version of the central bank digital currency (CBDC) known as the digital yen, its central bank said on Friday.
