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PortuguêsWhile CBDCs will cater to local demands, cooperation between countries could facilitate and support the widespread adoption of readily-available stablecoins. For over 14 years, central banks worldwide have seen blockchain…
Continue Reading“Collaboration and synergy on national and international level is critical to the development of Digital Rupiah,” said Perry Warjiyo. Bank of Indonesia governor Perry Warjiyo has announced developments in its…
Continue ReadingThe recent regulatory framework from the Brazilian Congress will benefit the country’s financial institutions and bridge local liquidity with global markets. As the global crypto community is still licking its…
Continue ReadingThe State Bank of Pakistan signed in new laws for Electronic Money Institutions — non-bank entities offering digital payment instruments — to ensure the timely issuance of a CBDC in…
Continue ReadingA Russian company has announced the country’s first authorized transaction with digital financial assets (DFAs) involving a foreign currency, China’s yuan. The deal, reportedly the largest made to date under…
Continue ReadingHong Kong central bank executive looked optimistic about the future of decentralized tech, while the Korean central bank governor has his doubts in the wake of the recent crypto contagion.…
Continue ReadingThe central bank of Ukraine has presented to interested parties a draft concept of the nation’s future digital currency, the e-hryvnia. The regulator is currently considering several potential applications for…
Continue ReadingAfter the European Central Bank released a blog post on the shortcomings of Bitcoin, the crypto community on Twitter took to the comments to defend the cryptocurrency. In light of…
Continue ReadingOne of the design options for the Ukrainian CBDC describes the e-hryvnia available for usage in crypto exchange operations. The National Bank of Ukraine (NBU) has introduced a draft concept…
Continue ReadingThe Bank for International Settlements (BIS) has conducted a survey of nineteen central banks from Africa. In doing so, it took a closer look at the development of central bank…
Continue ReadingThe Japanese central bank plans to make a decision on whether to issue a digital currency by 2026. Despite Japan’s uncertainty on whether to issue a central bank digital currency…
Continue ReadingThe Monetary Authority of Singapore had its reasons, and there was nothing more it could have done about the FTX threat any way, just like other national regulators. The Monetary…
Continue ReadingAccording to Hong Kong’s central bank, the interconnection of crypto assets has made the crypto ecosystem more vulnerable to systematic shocks. The fall of crypto giants this year reignited questions…
Continue ReadingThe Australian Securities Exchange has announced that it will no longer be going forward with its much-anticipated CHESS replacement project. The project sought to replace the exchange’s 25 year-old Clearing…
Continue ReadingThe Bank for International Settlements (BIS) studied the main motives behind Bitcoin adoption by retail investors. Bitcoin (BTC) investors are more likely enticed by the cryptocurrency’s rising prices, rather than…
Continue ReadingThe Central Bank of Russia supports the development of digital financial assets but remains opposed to legalizing crypto payments, its top management has reiterated. The monetary authority is now working…
Continue ReadingVTB has become the first Russian bank to add the digital ruble to its mobile application. The integration is currently being tested with accounts set up for legal entities. Select…
Continue ReadingConvinced that cryptocurrencies are affecting the tasks performed by monetary authorities around the world, the Dutch central bank has urged for comprehensive international regulations. The call comes after research into…
Continue ReadingThe Central Bank of Russia is proposing to introduce tax incentives for long-term holders of digital financial assets. The idea has been circulated with a consultation paper published for public…
Continue ReadingThe U.S.-China tensions, the Russia-Ukraine war, higher energy prices, rising inflation, the COVID-19 pandemic and cyberattacks came out as some of the most pressing financial risk concerns. While proponents of…
Continue ReadingCryptocurrency exchange Bybit has no intention to introduce restrictions for Russian traders, despite a recent reminder by the Monetary Authority of Singapore (MAS) about the obligations of crypto providers in…
Continue ReadingRichard Werner discusses decentralization’s challenges and blockchain‘s role in it in an exclusive interview with Cointelegraph. CBDCs are a declaration of war against the banking system, Richard Werner — development…
Continue ReadingThe Monetary Authority of Singapore (MAS) has reiterated that cryptocurrency exchanges need to conform to restrictions on Russian users imposed over Moscow’s invasion of Ukraine. The reminder comes after researchers…
Continue ReadingThe U.S. Federal Reserve introduced another jumbo rate hike on Wednesday, Nov. 2, 2022, by hiking the federal funds rate (FFR) by 75 basis points (bps). The American central bank…
Continue ReadingUnionBank, one of the largest universal banks in the Philippines, debuts cryptocurrency trading via a partnership with a Swiss crypto firm. The Union Bank of the Philippines (UnionBank), one of…
Continue ReadingMajor Asian financial institution DBS Bank has applied DeFi technology for a project backed by the Monetary Authority of Singapore. DBS Bank, a major financial services group in Asia, is…
Continue ReadingAs a development bank for El Salvador, BANDESAL created a $150 million trust fund to guarantee the convertibility to dollars for citizens and merchants. Ever since El Salvador legalized Bitcoin…
Continue ReadingNow debuting the wholesale CBDC, the RBI plans to launch the digital rupee for the retail segment within a month in select locations. The Reserve Bank of India (RBI) is…
Continue ReadingThe central bank of Thailand is not going to rush with the launch of its digital currency as it’s not yet sure about the benefits it would bring. According to…
Continue ReadingThe central bank of Kazakhstan intends to use Binance’s blockchain platform Bnb Chain for the deployment of its upcoming digital currency. The decision was made public on social media by…
Continue ReadingOfficials in Kazakhstan continue their close relationship with Binance, as the National Bank plans to integrate its CBDC on the BNB Chain. In an announcement on Twitter, Changpeng Zhao, the…
Continue ReadingCrypto service providers should not provide any credit facility or accept payments from credit cards from their customers, the MAS suggested. The Monetary Authority of Singapore (MAS) is introducing proposals…
Continue ReadingWith less than 0.5% adoption, the central bank of Nigeria is struggling to push its eNaira CBDC to its citizens. Nigeria’s central bank digital currency (CBDC) is not getting the…
Continue ReadingWhile the U.S. Federal Reserve ramped up the benchmark bank rate with a barrage of rate hikes, U.S. Treasury markets and global bond markets, in general, have seen one of…
Continue ReadingFinancial authorities in Hong Kong have unveiled a prototype of the Chinese autonomous territory’s own central bank digital currency called Project Aurum. The two-tier platform features a wholesale interbank and…
Continue ReadingAccording to recent reports close to central bank officials, the U.S. Federal Reserve will likely deliver another interest rate hike by roughly 75 basis points (bps) next month. Moreover, markets…
Continue ReadingFDIC insurance is highly sought-after by crypto exchanges, lenders, and other service providers. Is it the key to mass adoption? Over the years, several cryptocurrency companies have claimed that deposits…
Continue ReadingThis week researchers from the Bank of Canada published the central bank’s Financial System Review which highlights five key statistics tethered to Canadian bitcoin owners. According to the Bank of…
Continue ReadingSpending with China’s state-issued digital currency has surpassed 100 billion yuan, close to $14 billion, by the end of August, the country’s monetary authority revealed. More than 5 million merchants…
Continue ReadingThree economists were awarded the Nobel Prize in economic sciences for their decades of research on societal reactions to financial crises and avoiding bank collapses. Three economists were awarded the…
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