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PortuguêsBitcoin price is down but crypto investors still have a plethora of yield opportunities thanks to DeFi. The growth of the decentralized finance (DeFi) sector has been a recurrent headline…
Continue ReadingAn analyst from global banking giant Deutsche Bank expects Bitcoin will enjoy a “first-mover advantage” over other cryptocurrencies for the foreseeable future. Marion Laboure, an analyst at Deutsche Bank’s research…
Continue ReadingThe People’s Bank of China (PBOC), the country’s central bank, published a Q&A to its website which said that Chinese citizens participating in virtual currency exchange offshore is “considered illegal…
Continue ReadingThe People’s Bank of China reposted a memo from September 15th that addresses the country’s Bitcoin ban to their website, causing widespread Bitcoin selling and a Friday morning price dip.…
Continue ReadingPBoC maintains its anti-crypto stance despite local players experimenting with digital yuan-pegged stablecoins. The rapid adoption of cryptocurrencies like Bitcoin (BTC) poses a major challenge for the traditional financial system,…
Continue ReadingThe National Bank of Ukraine recognizes the benefits of endorsing crypto innovations but also fears cryptocurrencies could gain ground on the national fiat. Announcing its monetary policy guidelines for the…
Continue ReadingThe crypto market staged a roaring comeback after Evergrande makes a deal to pay its debts and the Fed signals a continuation of its current monetary policy. The cryptocurrency ecosystem…
Continue ReadingThe company claimed its CBDC solution would allow Bhutan’s central bank to deploy a digital ngultrum “without compromising financial stability or monetary policy objectives.” The Royal Monetary Authority of Bhutan…
Continue ReadingBanking giant HSBC echoes global stablecoin concerns, calling for regulation to be equivalent to its adoption level. HSBC, the largest European bank with total assets of $3 trillion, maintains a…
Continue ReadingCrypto doesn’t pose a big risk for the financial system until it’s adopted enough to be less volatile, the NBU said. The central bank of Ukraine has moved to support…
Continue ReadingMastercard’s upcoming acquisition of CipherTrace demonstrates the need for payments giants to partner with crypto firms to enable digital asset innovation. Institutional interest for digital assets continues to grow rapidly,…
Continue ReadingAs a number of Federal Reserve presidents have been criticized for their 2020 stock moves, Fed chairman Jerome Powell has been cast into the limelight for owning $1.5 million municipal…
Continue ReadingCentral Bank of Russia is now working with commercial banks in order to delay payments made to digital asset exchanges. The move aims to limit “emotional” cryptocurrency purchases made by…
Continue ReadingInvestors in Ireland are attracted to digital opportunities offering better returns and often find them online, a new survey has indicated. According to the poll, 11% of investors have already…
Continue ReadingCrypto is now a legal method of payment for commercial transactions in the Island nation. Resolution 215 of 2021 issued by the Banco Central de Cuba (BCC) — the country’s…
Continue ReadingThe Turkish central bank has established a new platform together with technology stakeholders to further the development of a digitalized version of the national fiat currency. The new collaboration will…
Continue ReadingUnnamed sources familiar with the matter indicate the Biden administration may allow Federal Reserve chairman Jerome Powell to continue as the central bank’s lead. The news follows three U.S. representatives…
Continue ReadingThe Central Bank of the Republic of Turkey has singed agreements with various firms to form the Digital Turkish Lira Collaboration Platform. The Central Bank of the Republic of Turkey…
Continue ReadingCryptocurrency cannot be adopted as a means of payment in Uzbekistan, a high-ranking official from the country’s central bank has recently stated. Speaking to local media, the regulator’s representative also…
Continue ReadingThe launch of a digital ruble will be among Russia’s key priorities of digitalization this decade, the country’s financial market development strategy has confirmed. The document claims the issuance of…
Continue ReadingThe central bank of Russia has advised commercial banks on how to identify and block cards and wallet accounts used by shady businesses. Along with illegal forex dealers and financial…
Continue ReadingOne official said that after banning crypto payments in late 2019, Uzbekistan won’t ever reconsider its decision. The Republic of Uzbekistan will never adopt cryptocurrencies like Bitcoin (BTC) as a…
Continue ReadingAmericans are still very concerned about inflation as the latest Survey of Consumer Expectations (SCE) report from August indicates that U.S. consumers expect inflation to be 5.2% a year from…
Continue ReadingThe head of the Bank of International Settlements (BIS) Innovation Hub, Benoît Cœuré, has urged central banks to act now on central bank digital currencies (CBDCs) to compete with initiatives…
Continue ReadingCryptocurrency mining should be registered as entrepreneurial activity and taxed as such, according to Anatoly Aksakov, chairman of Russia’s parliamentary Financial Market Committee. The lawmaker also thinks Russian digital currency…
Continue ReadingMining and trading of cryptocurrencies are illegal in Nepal, the country’s central bank has reminded citizens of the Himalayan nation. The regulator also warned that participating in such activities would…
Continue ReadingIn comments at a Swedish banking conference, Sveriges Riksbank Governor Stefan Ingves warned that private money “usually collapses sooner or later.” The governor of Sweden’s central bank, the Sveriges Riksbank,…
Continue ReadingGovernor Díaz de León said Bitcoin resembles “a dimension of precious metals” when compared to the central bank’s fiat money. The governor of the Bank of Mexico, Alejandro Díaz de…
Continue ReadingCentral bank digital currencies are the next frontier for blockchain. Roxe wants to make BTC hashrate the anchor for future CBDCs. Global payment network Roxe has recruited a seasoned economist…
Continue ReadingFormer Deputy Governor of the RBI sees cryptocurrencies as a taxable asset or commodity. The former Deputy Governor of the Reserve Bank of India (RBI) has spoken out about the…
Continue ReadingFabio Araujo, a representative of the Central Bank of Brazil, talked about the possible development of a Digital Real at a public hearing before the Committee on Science, Technology, Innovation,…
Continue ReadingThe joint initiative will prototype shared DLT platforms enabling institutions to settle cross-border transactions using central bank-issued digital currencies. The central banks of Australia, Singapore, Malaysia and South Africa have…
Continue ReadingThe Central Bank of Nigeria (CBN) has named the fintech firm Bitt Inc. as a technical partner for its digital currency project, the e-naira. As a technical partner, Bitt is…
Continue ReadingSouth Africa’s top banker has said crypto are more akin to assets than actual currencies. Lesetja Kganyago, the South African Reserve Bank (SARB) governor, has argued against classifying crypto as…
Continue ReadingThe CBN considered Bitt Inc’s experience in the development of the Eastern Caribbean Central Bank’s DCash, launched in April. Barbados-based fintech firm Bitt Inc will be working as the technical…
Continue ReadingCBN says the proposed central bank digital currency will offer parity of value and will operate as a non-interest-bearing CBDC. The Central Bank of Nigeria (CBN) has issued preliminary guidelines…
Continue ReadingThe results of a new study from the Bank of Thailand point to three key considerations for making sure a retail central bank digital currency doesn’t adversely impact financial stability.…
Continue ReadingEl Salvador’s Banco Central de Reserva has released two documents detailing how banks should deal with Bitcoin. The central bank of El Salvador, Banco Central de Reserva (BCR), has published…
Continue ReadingThe warning follows authorities in several countries issuing statements warning investors to exercise caution in regards to Binance, or claiming the exchange was operating illegally. De Nederlandsche Bank, the central…
Continue ReadingAfroblocks’ co-founder urges Ghana’s central bank to involve the in-house crypto experience and expertise to help the e-cedi succeed. The latest central bank digital currency (CBDC) initiative from the Bank…
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