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Ghanaian Central Bank Allays Fears That a CBDC Will Disrupt Mobile Money Operations

Ghanaian Central Bank Allays Fears That a CBDC Will Disrupt Mobile Money OperationsThe Bank of Ghana has said the expected implementation of the central bank digital currency will not disrupt or negatively impact the operations of mobile money operators. Rather, the central bank expects the digital currency to improve the efficiency of Ghana’s settlement systems as well as to “fast-track cross border trade.” CBDC to Complement Mobile […]

Russia Using Bitcoin to Bypass Sanctions – Is the Global Financial System Cracking?

Nigerian Central Bank Slashes CBDC Transaction Fees by 50%

Nigerian Central Bank Slashes CBDC Transaction Fees by 50%The Central Bank of Nigeria has said it is slashing transaction fees for the e-naira platform by 50% — a move which the bank claims will increase the volume of transactions on the central bank digital currency (CBDC) platform. The central bank also believes that wider adoption of the CBDC will bolster Nigeria’s cross-border trade […]

Russia Using Bitcoin to Bypass Sanctions – Is the Global Financial System Cracking?

African Economist Says Regulated Cryptocurrencies Are Reasonable Alternative to Single Trade Currency

African Economist Says Regulated Cryptocurrencies Are Reasonable Alternative to Single Trade CurrencyA Nigeria-based research and development economist, Gospel Obele, has called “for a unified regulatory mechanism for cryptocurrency trading.” He adds that such regulation of cryptocurrencies can potentially “complement an African digital currency,” hence this needs to be considered. Cryptocurrencies Show the Way In remarks published by Joy Online, Obele insists that cryptocurrencies have already shown […]

Russia Using Bitcoin to Bypass Sanctions – Is the Global Financial System Cracking?