Zimbabwe to Introduce Gold-Backed Digital Currency
The Reserve Bank of Zimbabwe aims to stabilize its local currency by introducing a gold-backed digital currency as legal tender.
The Reserve Bank of Zimbabwe aims to stabilize its local currency by introducing a gold-backed digital currency as legal tender.
The benefits of CBDCs, which are used at a wholesale level by banks and financial markets, were disclosed by the Bank of Spain on Monday. Read CNL.
Musk was questioned about his concerns about the quick global adoption of central bank digital currencies (CBDCs) on December 4th, 2022. Read CNL.
Following the new prime minister’s repudiation of card payments as private money, Italy will resist the global trend toward electronic money.
Along with Guangdong, the People’s Bank of China intends to expand the experiment of its e-CNY digital money to Jiangsu, Hebei, and Sichuan through CBDC.