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Ethiopia takes first step toward a central bank digital currency (CBDC) in a revolutionary economic reform. The country plans to have a legal framework and regulatory sandbox in place for CBDC introduction. The National Bank of Ethiopia (NBE) has prepared a proclamation that includes the establishme

Israel has taken a significant step forward in its financial technology sector by launching a central bank digital currency (CBDC) experiment. Despite the ongoing conflict, the Bank of Israel (BoI) is forging ahead with the digital shekel project. The aim is to develop an advanced digital payments e

The U.S. House of Representatives has thrown a wrench into the Federal Reserve's plans for a central bank digital currency (CBDC). What a surprise after all these years of endless discussions, right? Critics of the very idea of a digital dollar can rejoice. The bill bans the Fed from issuing a CBDC.