The Bank of Central African States (BEAC), which serves Cameroon, Gabon, Chad, the Republic of Congo, Equatorial Guinea and the Central African Republic (CAR), could become the first regional bank on the continent to launch a common digital currency. BEAC was urged to advance the move by its board of directors in meetings held on
Coinbase Co-founder and CEO Brian Armstrong Photo by Steve Jennings/Getty Images for TechCrunch Coinbase announced recently it will add $500 million of cryptocurrency to its balance sheet, and invest in a portfolio of crypto assets. Analysts largely agree the move signify’s Coinbase’s commitment to the cryptocurrency space. But several
A consumer uses a digital yuan red envelope in a mobile phone to buy goods at a digital yuan cashier’s desk Costfoto/Barcroft Media via Getty Images Yao Qian, the former head of China’s digital yuan team said central bank digital currencies could use blockchain networks like ethereum in the future, Sina Finance reported on Monday.
(Kitco News) Central bank digital currency is the future of Russia’s financial system, especially in light of the developing digital economy, said Russia’s central bank governor Elvira Nabiullina. “It’s the future for our financial system because it correlates with this development of digital economy, digital finance,” Nabiullina told CNBC on Wednesday. “We
Pakistan is reportedly planning to carry out studies in order to potentially launch a State-backed virtual currency so that it can enhance its existing banking system, enable greater financial inclusion, and also ensure that illicit activtiies such as money laundering are not being carried out by local or foreign entities. Pakistan‘s digital currency will aim