In a world increasingly moving towards digital finance, central banks are taking steps to adapt. Norway stands at a pivotal point in this transition, given its status as one of Europe’s most cashless societies. The Central Bank of Norway, known as Norges Bank, is poised to make a significant decision regarding the introduction of a […]
Privacy Concerns Rise as UK Plans Digital Currency Pilot
The United Kingdom is moving towards launching a Central Bank Digital Currency (CBDC) pilot, anticipated for 2025. This initiative aims to modernize the financial ecosystem, but it has raised significant alarm among privacy advocates and economic experts. The primary concern revolves around the potential for government overreach and the implications for personal privacy in an […]
CBDCs Face Resistance from Key Central Banks
The global push towards central bank digital currencies (CBDCs) has encountered significant resistance from key players in the financial industry. The recent decisions by the Reserve Bank of Australia and the Bank of Canada to scale down their CBDC projects raise critical questions about the necessity and viability of these digital currencies. Adding to this […]
Canada Pauses CBDC Project Amid Public Disinterest
The concept of a Central Bank Digital Currency (CBDC) has sparked interest and debate across the globe. Various countries are advancing towards this digital transformation, but Canada has recently decided to pause its own CBDC initiative due to overwhelming public indifference. A significant survey indicated that a staggering 87% of Canadians expressed clear disinterest in […]
### Consumers Prefer Cash Over CBDCs: An Important Trend in Digital Finance
As the world increasingly shifts towards digitization, the debate surrounding Central Bank Digital Currencies (CBDCs) has become a focal point in financial discussions. A recent survey by Deutsche Bank reveals a striking preference for cash among consumers, despite the growing interest in CBDCs. This article explores the reasons behind this trend, the implications for financial […]
Australia Prioritises Wholesale CBDC Over Retail Version
In a significant shift in digital currency strategy, the Reserve Bank of Australia (RBA) has announced its intention to focus on the development of a wholesale central bank digital currency (CBDC) rather than a retail version. This decision stems from considerations of practicality and benefit, as the RBA believes a wholesale CBDC represents an evolutionary […]