Spending 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...
Tag: central
Over $13 Billion Spent In Chinese Digital Yuan, Central Bank Reveals
Over $13 Billion Spent In Chinese Digital Yuan, Central Bank RevealsTransactions using Chinese CBDC surpass 100 billion yuanOctober 13, 2022The People’s Bank Of China revealed that transactions using ...
IMF’s Georgieva Warns Central Banks to Hoard Reserves, Follow Fed Hikes
“Do not waste your reserves to protect your currency,” IMF Managing Director Kristalina Georgieva said during an on-stage discussion at the organization’s annual meeting in Washington, D.C. R...
Zimbabwe Tertiary Learning Institution Developing Central Bank Digital Currency – Bitcoin News
Harare Institute of Technology, a Zimbabwean higher learning institution, is reportedly developing a central bank digital currency (CBDC). Quinton Kanhukamwe, the institution’s vice chancellor, said t...
India To Test E-Rupee As Bitcoin and Ethereum Threaten Supremacy Of The Central Bank ⋆ ZyCrypto
Advertisement     India joins the bandwagon as it plans to roll out its Central Bank Digital Currency this year. The Reserve Bank of India released a 50-page paper on ...
India’s Central Bank Releases Concept Note Ahead of CBDC Pilot – crypto.news
The Reserve Bank of India (RBI) has published a Concept Note for its digital rupee development project. The document details the objectives, choices, pros, and cons of launching a digital rupee. The a...
Central bankers want stablecoin regulation similar to banking
The Financial Stability Board (FSB) has just published two reports that contain recommendations for frameworks to comprehensively govern crypto-assets, and stablecoins. The Financial Stability Board i...
G20 Central Bankers: Stablecoins Are Not “Stable,” Suggests Action Against Crypto
The post G20 Central Bankers: Stablecoins Are Not “Stable,” Suggests Action Against Crypto appeared first on Coinpedia Fintech News The Financial Stability Board, a group of G20 central ba...
Canada’s Tiff Macklem Insists ‘Rate Increases Are Warranted,’ Canadian Columnist Says Central Bank’s Governor ‘Needs to Go’ – Coinotizia
Canadians have been dealing with rising inflation and the Bank of Canada raising the benchmark interest rate following more than two years of monetary easing tactics. On Sunday, Canadian central bank ...
Canada’s Tiff Macklem Insists ‘Rate Increases Are Warranted,’ Canadian Columnist Says Central Bank’s Governor ‘Needs to Go’ – Economics Bitcoin News
Canadians have been dealing with rising inflation and the Bank of Canada raising the benchmark interest rate following more than two years of monetary easing tactics. On Sunday, Canadian central bank ...
India Central Bank Hopes CBDC Can Combat Crypto Threat
India has outlined its key motivations behind planning a CBDC pilot It’s the first time the country’s central bank has conveyed its intentions since February In India, the central bank is pushing ahea...
India’s Central Bank RBI To Soon Launch CBDC Pilot
India’s Central Bank, the Reserve Bank of India, is soon to commence the launch of its CBDC, which is the Central Bank Digital Currency aimed at specific use cases. The Reserve Bank of India has state...
India’s Central Bank RBI Publishes Digital Currency Details — Confirms Digital Rupee Pilot Launching ‘Soon’ – Regulation Bitcoin News
India’s central bank, the Reserve Bank of India (RBI), says it will soon commence “limited pilot launches” of the country’s digital currency (digital rupee) for specific use cases. The central bank ex...
How Central Banks Will Be Forced to Print Money Again: Arthur Hayes
Arthur Hayes – co-founder of the crypto trading platform BitMex – published a lengthy blog post on Thursday arguing that central banks will be forced back into “money printing” due to various economic...
India’s central bank to launch digital rupee pilot
The Reserve Bank of India (RBI) is stepping towards initiating a digital rupee pilot and indicating key features in the central bank digital currency (CBDC), according to a 50-page report released on ...
India’s central bank outlines digital rupee CBDC plans
India’s Reserve Bank outlined the pros and cons of a digital rupee as it looks to raise awareness around its CBDC project. The Reserve Bank of India (RBI) has outlined the proposed features and reason...
India’s central bank shares concept note on CBDC; will begin pilot soon
India’s central bank, the Reserve Bank of India (RBI), has released a concept note on the country’s proposed central bank digital currency (CBDC). The concept note discussed key issues such as technol...
Meet Justin Williams, The Bike Racer CEO Of The Diversity-Championing L39ION Team Of South Central LA
Justin Williams does a television interview before the Into The Lion’s Den criterium race on October … [+] 30, 2021 in Sacramento, California. (Photo by Ezra Shaw/Getty Images) Getty Image...
Canadian central bank identifies retail CBDC archetypes in theory-heavy analysis
An analyst at the Bank of Canada has written a paper that identifies recurring patterns in CBDC models and how those patterns impact a list of performance criteria. Five patterns that recur in retail ...
Set Oversight On Crypto Now Rather Than Later, Says England Central Bank Regulator ⋆ ZyCrypto
Advertisement     The Bank of England’s Deputy Governor for Financial Stability, Sir Jon Cunliffe, warned regulators to have a grasp now and not later on the systemic ...
India’s Central Bank Crystalizes CBDC Vision in Concept Note
The RBI’s motivations in creating a CBDC range from reducing operational costs involved in physical cash management, fostering financial inclusion, bringing resilience, efficiency, and innovatio...
House Republicans seek central bank digital currency opinion from Department of Justice
Republicans on the House Financial Services Committee requested the Department of Justice share its assessment of a potential central bank digital currency, the lawmakers announced on Wednesday. Senio...
Central Bank of Namibia Launched its CBDCs to Enter in Crypto Industry
The Namibian government didn’t approve crypto as a legal tender in the country. Bank of Namibia launched “Virutal assets and Virtual assets service providers.” ...
Brazilian Presidential Candidate ‘Lula’ Da Silva Signals Support for Central Bank of Brazil Involvement in Crypto Regulation – Regulation Bitcoin News
The presidential candidate that obtained most of the votes in the first Brazilian ballot round, Luis Inacio Da Silva, better known as “Lula,” declared that the Central Bank of Brazil should be respons...
Namibia’s central bank says Bitcoin can be accepted as payment
Although cryptocurrencies do not have the status of legal cash in Namibia, the country’s central bank, the Bank of Namibia (BON), has announced that it has now included “virtual assets (VA) and virtua...
Kenyan Central Bank Rejects Deputy President Rigathi Gachagua’s Claims Country Lacks Forex to Import Oil – Africa Bitcoin News
The Central Bank of Kenya appeared to rebuke the country’s new deputy president Rigathi Gachagua, after it rejected the latter’s claims the East African nation lacks enough foreign exchange to import ...
U.N. Calls On Fed, Other Central Banks to Halt Interest-Rate Increases
The Federal Reserve and other central banks risk pushing the global economy into recession followed by prolonged stagnation if they keep raising interest rates, a United Nations agency said Monday. Th...
Weekly MacroSlate: Central banks start to panic and pivot, all eyes are now on the fed. What does this all mean for Bitcoin?
Macro Overview Markets unprepared for a new era The era of financial repression after the GFC that has seen rapidly inflated asset values and rate expectations of 0 has unraveled since the pandemic en...
Kenyan Central Bank Raises Key Rate by 75 Basis Points – Emerging Markets Bitcoin News
The monetary policy committee of the Kenyan central bank recently revealed it increased the central bank rate by 75 basis points from 7.5% to 8.25%. Justifying its decision to act, the committee cites...
Central banker says crypto not suitable for retail investors
A senior official at the Monetary Authority of Singapore (MAS) asked crypto traders to “reduce” their “enthusiasm”, and stated that Singapore was not a place to speculate. Official angry at crypto spe...
Central banks can push DeFi into mainstream — Swiss National Bank official
Central bank digital currencies (CBDCs) can work well with decentralized finance (DeFi), and they have a lot of potential to boost DeFi adoption, according to a Swiss central bank official. Among many...
El-Erian Warns ‘Economic Accident’ Would Precede Any Central Bank Pivot
(Bloomberg) — Mohamed El-Erian has a cautionary word for anyone anticipating an end to interest-rate increases from the Federal Reserve and other central banks. Most Read from Bloomberg “All of ...