CENTRAL BANK

The deputy governor of Norway’s central bank said only 4% of payments in the country involve cash.

Many European regulators are already testing the digital euro.

The statement comes as victims of an FX scam protest their money being withheld.

Kazushige Kamiyama will be the head of the payments and settlement department for the bank.

The governor of the central bank is bullish on the advantages of digital fiat.

The partnerships with DiDi Chuxing and Meituan Dianping have created a lot of international buzz.

The bank has issued 4,000 LBCOINs, which equals 24,000 digital tokens and 4,000 silver collector coins.

A growing number of countries are exploring the development of CBDCs. What does it mean for the future?

The regulator already completed a trial of the CBDC with SocGen.

24 thousand digital tokens, called LBCOINs will go on sale next week.

These hubs will study critical trends in financial technology.

The progress with Libra has rushed the regulators to tackle the threats of private money.

With the pilot, the regulator will access both technical and legal prospects of digital won.

Increasing demand for the digitized currency has forced the regulator to explore a CBDC.

The settlements in the upcoming platform will be completed in 10 seconds.

Multiple international banks are also thinking seriously about such an initiative.

The transactions will be approved by a consortium of banks.

A survey by the Bank of International Settlements found that EME banks are spearheading national digital currency development.

The pilot program will be confined to the Exuma district initially.

The first pilot launch is anticipated to be as soon as the end of this year.

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