Did you know Peru has 7.9 million sols ($2.36 million) in CBDC in circulation?
CBDC Tracker
A CBDC is a digital national currency. In the case of the United States, a CBDC would be a digital form of the U.S. dollar whereas, in Nigeria, the...
Something to be thankful for: the South African Reserve Bank has officially announced "that while a retail CBDC is technically feasible ... there is no compelling immediate need for its implementation." More details here:
CBDC Tracker
A CBDC is a digital national currency. In the case of the United States, a CBDC would be a digital form of the U.S. dollar whereas, in Nigeria, the...
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In a moment of reflection, Central Bank of Nigeria official Musa Itopa Jimoha admit that the Nigerian CBDC experience had not been a "rosy story." Nigerians were not interested in the eNaira because the market was already providing solutions. He warned other central banks not to issue a CBDC unless there is a real problem that it will actually solve. Interestingly, he also advised creating a separate legal entity to handle the CBDC so that operations are not directly under the central bank. cbdctracker.hrf.org image
If the ECB were concerned about the freedom to choose, it would have been campaigning for decades to remove financial restrictions and let new options flourish. Instead, what it’s really after is control. https://www.cato.org/blog/digital-euro-isnt-about-freedom
The ECB planning to force Apple to crack open its secure element is really all you need to know when it comes to whether you should trust the digital euro. image
The ECB has picked up a new buzzword for its digital euro campaign: β€œfreedom.” But don't be fooled, CBDCs are about control, not freedom. https://www.cato.org/blog/digital-euro-isnt-about-freedom
While discussing the Bank Secrecy Act, Representative Patman said the quiet part out loud. He congratulated the Treasury for going "rather far" and "making a long step here" to establish capital controls. The Treasury quickly shot back saying not to call it that. image
Ah, yes, because the worst-case scenario is that people's needs are satisfied by the market. image
More than half of the authoritarian regimes across the world are publicly working on CBDCs.
CBDC Tracker
A CBDC is a digital national currency. In the case of the United States, a CBDC would be a digital form of the U.S. dollar whereas, in Nigeria, the...
As part of its CBDC development, the United Arab Emirates just conducted its first "government financial transaction using Digital Dirham."
CBDC Tracker
A CBDC is a digital national currency. In the case of the United States, a CBDC would be a digital form of the U.S. dollar whereas, in Nigeria, the...