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...
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...
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...
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...
Money is a vital tool in our modern society. From the early days of barter, where physical items were used to facilitate the exchange, to the modern world, where...
The Bank of Ghana (BoG) in a report has indicated that the eCedi will be implemented to forestall disruptions to the existing payment systems. The central Bank noted that...
The Bank of Ghana announced the piloting of eCedi, a Central Bank Digital Currency (CBDC) by issuing a 32-page Design Paper of the Digital Cedi (eCedi). Governor of the...
Indian Finance Minister Nirmala Sitharaman announced a 30% tax on any income from the transfer of virtual digital assets, a first for the nation. Additionally, she also said that...