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Tanzania wary about CBDC adoption following studies
Tanzania's central bank is proposing a central bank digital currency (CBDC). An East African interdisciplinary technical team examined CBDC hazards and advantages. Four governments have halted CBDC adoption plans, while six have abandoned digital currencies.
Blockchain-Powered Donation Tracking Platform Shanzong Seeks to Propel Transparency Amid Coronavirus Scare
With coronavirus having claimed more than 1,800 lives, capturing vital statistics is fundamental in having it curbed. Shanzong, a blockchain-enabled donation tracking platform, has been established in China to boost efficiency and transparency of giving.
The Bank of Tanzania to Introduce CBDC, Strengthening Domestic Payment System
The Bank of Tanzania is actively introducing a CBDC to strengthen the domestic payment system.
Breaking: Swift, Chainlink, and Major Banks Achieve Multi-Blockchain Token Transfer
Swift, a global financial messaging service, has conducted experiments to facilitate the transfer of tokenized assets across multiple blockchains. The collaboration with major banks, including ANZ, BNP Paribas, and BNY Mellon, aims to solve interoperability challenges that hinder the growth of tokenized asset markets. Swift's existing infrastructure could serve as a single point of entry for financial institutions, reducing operational challenges and costs.
Bank of Tanzania Preparing for the Launch of CBDC
The Bank of Tanzania is preparing to start exploring a possible launch of a central bank digital currency (CBDC). The central bank termed the move inspired by Nigeria’s central bank launch of its national digital currency.
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.
China’s $1.5 Million Digital Yuan Giveaway in Shenzhen Left Analysts Excited, Citizens Unimpressed
As part of China’s rollout of its central bank digital currency (CBDC), the government had a $1.5 million giveaway of digital yuan to its citizens in Shenzhen.
Australia Uses Blockchain to Enhance Cross Border Trade With Singapore
The Australian Border Force (ABF) is launching a blockchain trial that is targeted at enhancing cross border trades with Singapore
Ripple Faces Trademark Lawsuit in Australia for 'PayID' Infringement
Ripple Labs is facing a lawsuit by New Payments Platform Australia (NPPA) for allegedly violating intellectual property rights for the branding of ‘PayID’.
HK FinTech Week: What’s Next for Blockchain in Finance?
HK FinTech Week: What’s Next for Blockchain in Finance?