“One of the challenges that we have in Palau is, it's hard to get pennies, it's hard to get quarters,” Whipps said. “Cash shortages are a real thing here, so what digital wallets would really provide is freedom, freedom from having to go to the bank.” Source link … [Read more...] about Palau President Talks Stablecoin Plans Following Island Nation’s ‘Digital Residency’ Rollout
rollout
Jamaica Completes CBDC Pilot, Expects Rollout Later This Year
The rollout will see a continuation of onboarding existing customers and new customers, allowing two additional wallet providers, who are currently conducting testing, to distribute CBDCs to their customers, and the testing of transactions between customers of various participating wallet providers. Source link … [Read more...] about Jamaica Completes CBDC Pilot, Expects Rollout Later This Year
India Has No Plans to Recognize Bitcoin As Currency; RBI Working On CBDC Rollout: Reports
The Indian government does not plan to recognize bitcoin as a currency, finance minister Nirmala Sitharaman said on Monday.During a question and answer session in the parliament, Nirmala Sitharaman also said that the government does not collect data on bitcoin transactions, according to a report from local news site Mint.The Reserve Bank of India (RBI) is also working on the … [Read more...] about India Has No Plans to Recognize Bitcoin As Currency; RBI Working On CBDC Rollout: Reports
Federal High Court of Nigeria approves eNaira CBDC rollout
The Nigerian Federal High Court joins the growing list of regulators across the globe to approve the rollout of a central bank digital currency (CBDC) as a legal tender. Named eNaira, the digital currency will be issued by the central bank and supported by a homegrown eNaira wallet. Nigeria’s CBDC issuance approval was revealed in a federal court hearing held on October 2 led … [Read more...] about Federal High Court of Nigeria approves eNaira CBDC rollout
Nigeria’s CBDC set for pilot rollout on Independence Day
After four years of development, the Central Bank of Nigeria (CBN) is set to roll out its digital currency project. The launch will reportedly happen on the occasion of the country’s 61st Independence Day celebration on Oct. 1.Nigeria’s central bank digital currency (CBDC) project comes amid significant anti-crypto policies from the CBN and negative cryptocurrency sentiments … [Read more...] about Nigeria’s CBDC set for pilot rollout on Independence Day