Australia’s Central Bank Concludes CBDC Pilot, Identifies Key Use Cases
Australia’s central bank has completed its pilot of a central bank digital currency exploring use cases for a potential digital dollar, finding it useful in four main areas, including enabling complex payments and asset tokenization. The Reserve Bank of Australia and the Digital Finance Coope ...
Zimbabwe Spends Gold Reserves to Secure Digital Currency, Faces IMF Criticism
Reserve Bank spent 140 kg of gold to secure coins And announced a new token sale IMF warns it is a direct threat to the state's coffers Zimbabwe spent about 140 kg of gold reserves to secure and conduct its first digital money sale. The project is des ...
Zimbabwe’s Reserve Bank to Launch Gold-Backed CBDC
This is how the country wants to overcome hyperinflation The release will take place in two stages, with the first CBDC only available as an investment vehicle The opposition has criticized the project and urged residents not to invest in it The Reser ...
Zimbabwe Plans to Launch Gold-Backed Cryptocurrency to Stabilize Local Currency
The Reserve Bank of Zimbabwe (RBZ) has announced plans to introduce a novel gold-backed government cryptocurrency (CBDC) in a bid to stabilize the local currency. RBZ Governor Rjon Mangudiya has confirmed that the CBDC will be recognized as legal tender. By launching a digital currency linked ...