Rwandan central bank proceeds with ambitious retail CBDC project

The African country is eyeing a tokenized retail CBDC with offline transfer capabilities as it heads toward a cashless economy.

View Details

Australian ‘Big Four’ bank ANZ halts cash withdrawals from many branches

The move comes as Australians continue to reduce their usage of cash and bank branches, but has sparked fears that the death of cash is near.

View Details

CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs

During the weekend, discussions about central bank digital currencies, or CBDCs, trended on social media as many people believe the idea will result in increased financial surveillance and a totalitarian monetary system. In a recent interview, Lynette Zang, the chief market analyst at ITM Trading, warned that CBDCs will “take the world into a full [...]

The post CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs appeared first on Crypto Breaking News.

View Details

Japan Accelerates Digital Yen Plans Amidst Global CBDC Race

Japan is advancing its plans for a digital yen, with the Bank of Japan set to pilot a CBDC program and the finance ministry preparing an expert panel to address legalities, signaling a significant shift in Japan's traditional cash-centric economy. (Read More)

View Details

ANZ Bank Pushes Customers Towards Digital, Faces Criticism

ANZ Bank is facing criticism as it discontinues withdrawals and deposits from a number of Australian branches to encourage customers to use digital transactions. Critics suggest this could impact older customers and increase vulnerability to technical issues. This decision highlights the gradual shift towards a cashless society in Australia, with cash payments falling from 59% in 2007 to 27% in 2019. (Read More)

View Details