Reserve Bank of India Releases Concept Note on Central Bank Digital Currency

The Reserve Bank of India has on 7th October 2022 released a Concept Note on Central Bank Digital Currency (CBDC) for India. The purpose behind the issue of this Concept Note is to create awareness about CBDCs in general and the planned features of the Digital Rupee (e₹), in particular. It explains the objectives, choices,…

Cambodia To Introduce A Blockchain Based Digital Currency

After three years of development, the National Bank of Cambodia has revealed the technical details of its upcoming blockchain-based payments system dubbed ‘Project Bakong’ this month. Cambodia’s central bank began developing Project Bakong since 2017, and is seen as a high-tech relaunch of the Khmer Riel, which is the kingdom of Cambodia’s official currency but is significantly lesser used by the people in favor of the US dollar, according to the recently published whitepaper.

Iran Lines Up a New Cryptocurrency Backed by Gold

Control of the U.S. dollar and the global financial system that depends on it gives the American government an incredibly powerful tool in shaping international affairs. As such, it is not surprising that its geopolitical rivals around the world will try to exploit the invention of cryptocurrency to take the USD down a peg. The…