The digital currency uses a simple two-tier system that is becoming the consensus structure among central banks, because it keeps the banking system and its essential functions intact. In this ...

Brazil's Central Bank (BCB) Monday announced a new digital currency for South America''s largest country, which will be called “Drex” and is not expected to reach account holders before late ...

Central Bank Digital Currencies are poised to emerge as a pillar of tomorrow’s global banking system. But what does that future look like? With 90 per cent of central banks now exploring their ...

The CBUAE has unveiled a new symbol for the UAE's national currency, the Dirham, along with the announcement of the Digital ...

CBDCs or central bank digital currencies are increasingly being studied by entities such as the Bank of Canada for their ...

Former President Donald Trump signed an order prohibiting the Federal Reserve (Fed) from developing, issuing, or promoting a central bank digital currency (CBDC). This move halts any work related ...

The introduction of a central bank digital currency (CBDC) would represent a significant shift in Iraq's payment system, enhancing financial efficiency and supervision, according to Mazhar ...