"Luftmensch," literally meaning "air person," is the Yiddish way of describing someone who is a bit of a dreamer. Did You Know? The word "infant" comes from the Latin word "infans" which literally means "unable to speak; speechless." ...
While Nigeria has already taken steps to digitize its economy with the launch of the eNaira in 2021, cNGN represents a different approach to digital assets. The eNaira is a central bank digital currency (CBDC), meaning it is fully controlled and issued by the Central Bank of Nigeria (CBN...
The Bank of Russia (BoR) views the digital currency as a tool to combat fraudulent transactions and a way for the government to control payments made to social projects from state budgets.1 The digital ruble is expected to be programmable, meaning that the BoR can control how and where the...
However, it noted that CBDC can give rise to various macroeconomic and financial sector risks suchs as increased tax avoidance and a rise in currency substitution wherein countries with less stable currencies use stable foreign currencies , which could in turn affect exchange rates and India’s ec...