The two states are exploring crypto at the same time—for different reasons.

TL;DR Breakdown • Crypto payments are accepted in Nigeria, while the CBN prohibits their trading.• New Oxford Science Academy High School allows cryptocurrency payment. The private high school in Nigeria, New Oxford Science Academy, in Kano State, will accept crypto payments. This occurs while the Nigeria central bank prohibits trading in cryptocurrencies. As reported by […]

Firstly, let’s start by explaining Central Bank Digital Currency, i.e., CBDC, which necessarily denotes the fiat-like currency of a nation. These are mostly present by making utilization of electronic records or digital token to represent the virtual form. It has been years since digital currencies have started dominating the complete framework, just like some cryptocurrencies […]

The post Central Bank Digital Currency and Financial Stability (CBDC) | New Forms of Digital Money first appeared on Blockchain Consultants.

The Bank of Tanzania said that it is planning on reversing its previous ban placed on cryptocurrency after the Tanzanian President asked the country to prepare for the adoption of crypto.  Bank of Tanzania Looks to Lift Crypto Ban According to Reuters on Friday (June 25, 2021), Tanzania’s central bank is working on the directiveRead More

In an interview with Bloomberg, Milhem, governor of the Palestine Monetary Authority, said Palestinians are currently conducting two studies on the matter of digital currency. While a decision is yet to be taken, the intention is to eventually employ a digital coin “for payment systems in our country and hopefully with Israel and others to […]

Carlos Lenz, the chief economist at Swiss National bank(SNB), thinks that blockchain technology is unsuitable for a central bank digital currency(CBDC). 

The latest crackdown has compelled many bitcoiners to scramble for the exits, leaving their diamond-handed counterparts to issue witticisms that underline the former’s shaky resolve.

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Tanzania could be following El Salvador's example as its central bank said it's working to prepare for cryptocurrency adoption.

The Bank of Israel is reportedly using Ethereum’s technology to trial a digital version of its fiat currency, the shekel. The central bank is using Ethereum instead of Ripple’s private version of the XRP ledger. According to Bloomberg, in May the central bank issued a report that concluded a digital shekel payment system could have […]

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The post An Open Letter to Senator Elizabeth Warren appeared first on Bitcoin Market Journal.

Global economists continue to question the implications of blockchain implementation for central bank digital currencies.

The Palestinian Monetary Authority is considering issuing a digital currency to facilitate monetary independence from Israel.

The post Palestine Considering Issuing Digital Currency appeared first on BeInCrypto.