All by tag: CBDC

The initial price of the coin was $0,1, with the country’s authorities expecting it to rise to $0,45

According to Nirmala Sitharaman, the central bank is concerned about the “destabilizing effect of cryptocurrencies on the monetary and fiscal stability”

According to representatives of the bank, the asset should be widely accepted by Europeans and become part of their daily lives

Experts at The Alan Turing Institute have called for a discussion on data protection issues before they become entrenched in an asset

Experts believe that changes in the macroeconomics and possible competition with CBDC can affect the value of assets

Sango Coin will be used to tokenize the country's natural resources

Analysts consider cryptocurrencies to be less efficient and secure than central bank digital currencies

According to a representative of the Central Bank, the digital currency will be designed to replace banknotes at the disposal of the population

Olga Skorobogatova, First Deputy Governor of the Bank of Russia, also added that a roadmap for implementing the asset into the financial system will appear at the end of 2023

In the second phase of the pilot launch, the asset will be integrated into smart contracts

Central bank digital currency Jam-Dex will be launched by the end of June

According to Michael Miebach, the cross-border payment system will cease to exist in 5 years