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Digital Currency: Will It Replace Paper Money
Central Bank Digital Currency (CBDC)
September 14, 2022
by CCM

Digital Currency: Will It Replace Paper Money?

Since President Biden signed Executive Order 14067 on March 9, 2022, there has been much debate about digital currency. This debate has revolved around the creation and issuance of a U.S. Central Bank Digital Currency (CBDC) and whether or not

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Biden’s Crypto Executive Order
Central Bank Digital Currency (CBDC)
March 14, 2022
by CCM

Biden’s Crypto Executive Order

On Wednesday, President Joe Biden issued an executive order directing the federal government to begin developing policy for digital assets, including cryptocurrencies, that encourages innovation whilst reducing dangers to consumers, investors and the global financial system. The details of the executive

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Jamaican Prime Minister Optimistic About Adoption of CBDC
Central Bank Digital Currency (CBDC)
January 28, 2022
by CCM

Jamaican Prime Minister Optimistic About Adoption of CBDC

The topic of central bank digital currencies (CBDCs) has sparked debate across different countries. While the majority are yet to make any significant strides on the issue, some countries are already steps ahead and pushing for adoption. Jamaica’s central bank completed

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WeChat Announces Plans To Support Digital Yuan
Central Bank Digital Currency (CBDC)
January 10, 2022
by CCM

WeChat Announces Plans To Support Digital Yuan

China’s digital yuan is proving to be a major success as time goes by. The level of adoption for this digital currency currently sits at record highs and this is expected to spike after the recent announcement by WeChat. WeChat, the

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Nigerian Court Gives Green Light To eNaira CBDC
Central Bank Digital Currency (CBDC)
October 20, 2021
by CCM

Nigerian Court Gives Green Light To eNaira CBDC

The Federal High Court of Nigeria has given the go ahead for the rollout of a Central Bank Digital Currency (CBDC). The regulator now joins the list of other global regulatory bodies that are approving the use of CBDCs as

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Kakao Subsidiary Wins Bid To Test South Korea’s CBDC
Central Bank Digital Currency (CBDC)
August 2, 2021
by CCM

Kakao Subsidiary Wins Bid To Test South Korea’s CBDC

The Central Bank of South Korea has partnered with Ground X, a blockchain subsidiary of Kakao, to help with its digital fiat efforts. Kakao is one of the leading internet providers in South Korea. Ground X will supply the leading technology

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World Bank & IMF Back CBDC Development
Central Bank Digital Currency (CBDC)
July 23, 2021
by CCM

World Bank & IMF Back CBDC Development

The World Bank and the International Monetary Fund (IMF) have come together to discuss the benefits realized from adopting central bank digital currencies (CBDCs). The two financial institutions discussed CBDC adoption during the G20 summit. The joint report was also backed

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Indonesia Closer To Launching CBDC
Central Bank Digital Currency (CBDC)
June 11, 2021
by CCM

Indonesia Closer To Launching CBDC

The Central Bank of Indonesia is edging closer towards launching a digital fiat. This move comes amidst efforts by the country to minimize cash transactions. The Bank of Indonesia will be joining the other global central banks that have made an

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Chinese Banks Prioritize Digital Yuan
Central Bank Digital Currency (CBDC)
May 5, 2021
by CCM

Chinese Banks Prioritize Digital Yuan

Top Chinese banks are prioritizing the digital Yuan over local payment platforms such as WeChat Pay and Alipay. The banks are doing this ahead of the online shopping festival in China starting today. In an analysis report by Reuters, six of

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China Ranks Third in Development of CBDC
Central Bank Digital Currency (CBDC)
April 26, 2021
by CCM

China Ranks Third in Development of CBDC

Mainland China has ranked third after Bahamas and Cambodia on the development of Central Bank Digital Currencies (CBDC). This comes at a time when central banks are looking to digital currencies to transform their economies. Mainland China has come in third

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