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PortuguêsThe Agricultural Bank of China previously debuted digital yuan ATMs this January. China continues apace with the adoption of its central bank digital currency (CBDC) as major banks launch a…
Continue ReadingTanzanian President Samia Suluhu Hassan has urged her country to be ready for emerging fintech by paving the way for cryptocurrencies. She also urged the country’s central bank to begin…
Continue ReadingA long-time member of the Russian State Duma has criticized the central bank’s approach to digital assets. A Russian State Duma member has blasted the central bank’s tough stance on…
Continue ReadingChina reportedly implemented the country’s first blockchain-powered digital yuan transactions in the Xiong’an New Area. China is progressing with its central bank digital currency (CBDC) tests, debuting blockchain-enabled salary payments…
Continue ReadingThe Republic of Cuba is suspending the use of U.S. dollars due to embargo restrictions with U.S. and foreign banks. The central bank of Cuba’s restrictions stems from the “obstacles…
Continue ReadingThe Central Bank of Nigeria says it is gearing up to test a sovereign digital currency to ease foreign remittance restrictions. Rakiya Mohammed, an IT specialist at the Central Bank…
Continue ReadingThe central bank digital currency project will test cross-border settlement between French and Swiss fiat currencies. The Bank of France and the Swiss National Bank are teaming up with the…
Continue ReadingThe Bank of England’s executive director of the Financial Market Infrastructure Directorate says that stablecoins are hardly “launching us off into some brave new world.” There has been much commotion…
Continue ReadingFinancial authorities in Hong Kong have announced a second phase of trials for mainland China’s digital currency. As part of the upcoming tests, the city will link the Chinese digital…
Continue ReadingThe Bank of England has published a new discussion paper that tries to gauge the systemic implications of both private stablecoins and a central bank digital currency. The Bank of…
Continue ReadingKalashnikov Group, the Russian firearms manufacturer, is ready to transition to settlements in digital currency. The announcement came from the international economic forum in Saint Petersburg where the central bank…
Continue ReadingGhana is striving to become the first African nation to float a central bank digital currency. The Bank of Ghana (BoG) is reportedly moving towards the introduction of a central…
Continue ReadingThe Reserve Bank of India‘s ban on banks‘ dealings with crypto may be defunct but the institution remains apprehensive of — if not outright hostile to — cryptocurrencies. Its infamous…
Continue ReadingThe governor of Ghana’s central bank, Ernest Addison, has said his institution is now “in the advanced stages of introducing a digital currency.” However, before its release into circulation, the…
Continue ReadingThe digitization of traditional currencies like the euro has the potential to increase their international appeal, the European Central Bank says in a new report. A failure to offer a…
Continue ReadingRussia has officially legalized crypto trading this January but the government still doesn’t allow local banks to offer crypto services. Tinkoff, a major private bank in Russia, is struggling to…
Continue ReadingChina’s central bank digital currency (CBDC) continues to gain further ground as the Beijing Local Financial Supervision and Administration Bureau revealed 40 million worth of the country’s digital yuan ($6.3…
Continue ReadingBeijing residents should apply to participate in the lottery until midnight on June 7. The Chinese government is launching another digital yuan lottery to stimulate its ongoing digital currency trials,…
Continue ReadingRiksbank Governor Stefan Ingves says there’s “good reason to believe” that more regulatory oversight of cryptocurrencies is in the pipeline. Cryptocurrencies’ persistent growth and ever more mainstream adoption is keeping…
Continue ReadingU.S. banking corporation BNY Mellon is gearing up to offer crypto custody services out of Dublin where it has just established a digital hub. The news coincided with a stark…
Continue ReadingBanks like HDFC and State Bank of India reportedly cautioned customers against crypto, citing the RBI’s quashed crypto circular. India’s central bank has issued an official notice regarding local banks…
Continue ReadingCryptocurrency investors should be ready to lose all their holdings, according to Ireland’s central bank financial conduct director. Ireland’s central bank director general for financial conduct is the latest official…
Continue ReadingSveriges Riksbank, the central bank of Sweden, will carry out the next stage of its e-krona project with the help of two organizations from the financial sector. The move signals…
Continue ReadingThe BOJ governor says Bitcoin is a speculative play while issuing warnings over price volatility. Haruhiko Kuroda, governor of the Bank of Japan has joined the roll call of central…
Continue ReadingEmefiele said the Nigerian government will do its best to prevent crypto from being used to finance illicit activities. At a 279th meeting of the Monetary Policy Committee in Abuja,…
Continue ReadingThough Danmarks Nationalbank’s governor seems tempted to ignore cryptocurrencies, other banks in the country continue to launch new services based on crypto. Crypto trading volumes continue to increase, but several…
Continue ReadingAmid the global CBDC race, the Canadian central bank does not currently see a strong case for issuing a state digital currency. The Bank of Canada does not see a…
Continue ReadingWhile CBDCs could help central banks address the decline in cash payments, some risk factors remain. Central bank digital currencies, or CBDCs, could pose a threat to financial systems if…
Continue ReadingThe Turkish government is reportedly creating a regulatory framework for cryptocurrencies after two crypto exchanges in the country abruptly halted trading and are now being investigated for fraud. The government…
Continue ReadingThe European Central Bank President Christine Lagarde is keeping the central bank’s monetary easing policies unchanged according to her statements from a press conference last Thursday. Moreover, the central bank’s…
Continue ReadingThe Central Bank of Iran has authorized banks and currency exchangers to use cryptocurrencies mined by licensed crypto miners in the country to pay for imports. Meanwhile, a bill is…
Continue Reading“Don’t let short term losses in Bitcoin sour you on Bitcoin, crypto or distributed computing,” Weinstein said. “Don’t let Bitcoin zealots chase you away either.” Eric Weinstein, managing director of…
Continue ReadingMajor tech and commerce firms have been instrumental in helping China‘s central bank develop the digital yuan. Major Chinese technology and commerce firms are starting to open up regarding their…
Continue ReadingIn the next five to 10 years, there will be more changes in the financial system than over the past two decades, PayPal’s CEO predicted. The demand for cryptocurrency exceeded…
Continue ReadingDecentralized CBDCs will most likely pique the interest of the masses much more than their centralized counterparts. As central bank digital currencies, or CBDCs, continue to garner mainstream traction across…
Continue ReadingThe Norwegian central bank aims to find a preferred CBDC solution through new technical tests. The Norwegian central bank, Norges Bank, is set to test various technical solutions for a…
Continue ReadingMacau’s casino junket operators have already been on the rocks during the coronavirus pandemic, and some fear that they could be “faded out” following the introduction of a fully traceable…
Continue ReadingOne of the contributors to the Bank of England’s preliminary CBDC research tells us why a digital pound is neccessary in the United Kingdom. The United Kingdom Chancellor of the…
Continue ReadingCountries like the Bahamas and Thailand are on the leading edge of CBDC development, according to a new research report. A new ranking of global central bank digital currencies, or…
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