Your Daily Digest of Global Stories
As part of a plan that seeks to adapt to the new forms of digital payment that are emerging in the world, the board of directors of the International Air Transport Association (IATA) announced the integration of digital currencies in its financial settlement systems. As reported a statement from the Association, made up of 330…
The Indian government is considering banning cryptocurrencies such as bitcoin (BTC) and ether (ETH), according to sources from institutions and regulators in that South Asian country. The main reason is that Central Bank Digital Currencies (CBDC) can offer “similar advantages” in profit transfers, but without the “risks” associated with cryptocurrencies. According to sources close to…
Key facts: Politicians and banks around the world are being called upon to do more to increase CBDC adoption. The proposal includes offering profits and even making their use mandatory through new laws. By implementing a series of strategies aimed at preventing people from rejecting central bank digital currencies (CBDC), the International Monetary Fund has…
The Bank of Canada has decided not to move forward with the development of its digital currency, known as the digital Loonie, after several years of exploration that began in 2017. This decision comes amid rapid digitalization and changes in the ways Canadians pay, and follows a public consultation process in 2022. The bank confirmed…
Key facts: All countries in the BRICS bloc are considering launching digital currencies as a path to de-dollarization. The United States and other G7 countries also have CBDC projects for international payments. Growing interest from governments in developing central bank digital currencies (CBDCs) for wholesale use has emerged as a prominent trend throughout 2024. This…
Key facts: The North Carolina Senate overrode a veto imposed by the state’s governor. The US is far from recommending or adopting a CBDC in any form, the Fed says. After state governor Roy Cooper vetoed a bill seeking to ban central bank digital currencies (CBDC) last July, the North Carolina General Assembly in the…
