Harare, Zimbabwe | Xinhua | The Reserve Bank of Zimbabwe (RBZ) is set to introduce a gold-backed digital currency to reduce demand for the U.S. dollar as the local currency continues to tumble, the state-run newspaper Sunday Mail reported Sunday. The digital gold tokens, a form of electronic money backed by gold …
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Abuja, Nigeria | Xinhua | Nigerian President Muhammadu Buhari on Monday launched the eNaira, the country’s central bank digital currency (CBDC), becoming the first African nation to introduce an official digital currency. With the launch of the eNaira in Abuja, Buhari noted Nigeria is also one of the earliest in the …
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Beijing, China | AFP | As Facebook readies to launch its answer to bitcoin, China is set to introduce its own digital currency — one that could allow the government and the central bank to see what people spend their money on, according to analysts. Far from the libertarian ideals of …
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