Crypto News

Brazil's CBDC Project Drex Aims to Transform National Transaction System

Fabio Araujo discusses Drex, Brazil's CBDC project, designed to replace the national transaction system. Transitioning will be gradual due to costs. Drex focuses on simplifying financial settlement...

ECB Report Critiques Bitcoin for Wealth Inequality and Volatility

A recent ECB report highlights Bitcoin's role in increasing wealth inequality and volatility, favoring early adopters while undermining financial stability. Critics argue it overlooks Bitcoin's pot...

Norwegian Central Bank Advances CBDC Research, Decision Expected by 2025

The Norwegian Central Bank is advancing its research on Central Bank Digital Currency (CBDC), with a pivotal decision anticipated by 2025. Deputy Governor Pal Longva emphasized that the focus is no...

Brazil's Drex: The Future of CBDC and National Transactions

Fabio Araujo, coordinator of Brazil's Drex CBDC project, envisions its potential to replace the national transaction system, moving all funds from STR. Understand the challenges and goals involved ...

India's Central Bank Governor Discusses CBDC Potential for Cross-Border Payments

Shaktikanta Das, RBI Governor, highlights how central bank digital currencies (CBDCs) can enhance cross-border payments. India's move to adopt both wholesale and retail CBDCs aims to improve transa...