Fabio Panetta, member of the executive board of the European Central Bank (ECB) and one of the officials with the greatest knowledge about the digital currency project, pointed out that the digital euro could be released on the market by 2026 and by 2023 it is planned initial phase of development…
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digital currency
ECB will continue with its economic stimulus policy
ECB President Christine Lagarde recently pointed out that raising interest rates too quickly would stifle the Eurozone's recovery. "Raising the main interest rate of the European Central Bank now would not reduce the historically high…
The European Union estimates to launch its digital currency in 2025
The European Commission continues to work on the development of the digital euro and they estimate to finalize a first prototype of their digital currency by the end of this year. But the commission plans to launch it on the market,…
Mitsubishi UFG bank launches progmacoin stablecoin
Mitsubishi UFJ (MUFG Bank) financial institution launched progmacoin, a blockchain-based stablecoin that is pegged to the Japanese yen. The bank entered into an alliance with Japan's SBI Group and Daiwa Securities for the purpose of instant…
Banxico will issue its digital currency in 2024
In 2021 the central banks of different countries discussed the possibility of creating digital currencies (CBDs, with its acronym in English) in the coming years. The Bank of Mexico (Banxico) reported that it will issue its digital…
Cryptocurrency Omicron increases its value by 950 %
The cryptocurrency omicron registered an increase in its price of more than 950 % in the last two days after the media focus was raised on the new variant of the coronavirus that emerged in South Africa and named in the same way.
During…
Peru works on its own CBDC
Peru works on its own CBDC. This was announced this Wednesday by Julio Velarde, president of the Central Reserve Bank of Peru (BCRP). The banking authorities of the South American country work with the central banks of India, Hong Kong and…
Tiff Macklem: “Bitcoin is not a digital currency”
Tiff Macklem, governor of the Central Bank of Canada was emphatic in indicating that Bitcoin "is not a digital currency" because, in his opinion, it is not a cryptocurrency frequently for the acquisition of products. It is an "investment…
Nigeria launches its digital currency to improve the payment system
Nigerian President Muhammadu Buhari launched today the country's new digital currency, eNaira, to improve the payments system in the West African nation, as announced by the country's Central Bank.
The currency, which will take several…
Pakistan supreme court orders to regulate cryptocurrencies
The Sindh High Court, SHC, asked the government to draw up guidelines that allow the regulation of cryptocurrencies. The decision was made during a petition to challenge the decree, issued in 2018, on the prohibition of cryptocurrencies in…
CICPC and Sunacrip warn of digital fraud
The Computer Crimes Division of the Scientific Criminal and Criminal Investigations Corps (CICPC in Spanish) and the National Superintendency of Crypto Assets and Related Activities (Sunacrip) issued a warning to Venezuelan citizens to…
El Salvador finalizes the draft of the constitutional reform
The initial draft of the new constitution of El Salvador contemplates 215 modifications made to the current constitution. Among the reforms are the extension of the presidential term, the creation of a new body that will supplant the…