Stablecoins that are not backed by assets to support them are a pyramid scheme, the head of the International Monetary Fund said Monday, hinting at the collapse of terraUSD...
(Bloomberg) — People shouldn’t completely shun the crypto world after the recent collapse of a popular stablecoin, an official at the International Monetary Fund said Monday. TerraUSD, or UST, imploded...
IMF Chief Crystalina Giorgieva clarified her stance on crypto while speaking at the world economic forum annual meeting she said that cryptocurrency is not necessarily money just because it...
While cash is issued in the form of physical paper and coins, central bank digital currency (CBDC) involves recording transaction information in a digital ledger kept by the central...
The U.S. Congress has introduced over 80 new bills for consideration related to the crypto industry, so far, of which several have passed into law.Former U.S. Regulator with the...
Central Bank Digital Currencies have become a government favorite tool to usher the advancement of web3 and digital currencies. Whether or not the countries looking into CBDCs legalize crypto...
Nigeria’s paper currency to be out of circulation soon due to Central Bank Digital Currency (eNaira)
The Central Bank of Nigeria has said that paper currency will soon be out of circulation, urging market men and women to sign into the e-Naira according the Punch....
The Central Bank of Nigeria, in exercising its mandate to ensure the stability of the financial system and pursuant to its role in deepening the financial system, developed a...
Tanzania is moving closer to launching its central bank digital currency (CBDC) in response to the rising popularity and adoption of cryptocurrencies. The Governor of the Bank of Tanzania...
A digital rand in South Africa could cut the high cost of cross-border payments for banks but its introduction is still a few years away, a senior central bank...