The Bitcoin price is hanging by a thread as it retraces its gains from yesterday’s trading session. Once again, macroeconomic forces seem to be taking over the price action as the number one cryptocur...
Tag: central
European Central Bank Follows The Fed, Raising Rates 75 Basis Points
FRANKFURT AM MAIN, GERMANY – President of the European Central Bank Christine Lagarde announced a … [+] 75bps rise in European interest rates to combat inflation (Photo by Ronald Wittek &#...
China Central Bank Releases Digital CNY Smart Contract Prepaid Fund Management Product
According to the China Financial Association, the Digital Currency Research Institute of the People’s Bank of China has launched a digital renminbi smart contract prepaid fund management product...
India’s central bank plans CBDC launch in 2022 with help from fintechs, public banks
The Reserve Bank of India (RBI) is engaged in talks with fintech companies and four public sector banks to pilot Central Bank Digital Currency (CBDC) project, with a potential launch planned later in ...
Saudi Arabia’s Central Bank Hires Virtual Assets and Digital Currency Program Lead – Regulation Bitcoin News
The Saudi Arabian central bank has reportedly appointed Mohsen Al Zahrani as the lead of the bank’s virtual assets and digital currency project. The emergence of the United Arab Emirates (UAE) as the ...
Binance Adds Former Brazilian Central Bank Governor To Its Advisory Board
Binance, the world’s largest exchange by trade volume, continues in efforts to expand its team despite the prevailing Crypto Winter. Most recently, the exchange added a former Brazilian Central Bank G...
Why China’s central bank is shoring up the yuan
The Chinese yuan has tumbled to two-year lows against the U.S. dollar in the last few weeks. Sopa Images | Lightrocket | Getty Images BEIJING — China’s central bank has sent a strong signal it w...
IMF Says Crypto and Central Banks Could Set the Stage for Rich and Diverse Monetary Ecosystem – Here’s How
The International Monetary Fund (IMF) says that collaboration between central banks and crypto technology could create an innovative and efficient monetary ecosystem. In a new report written by execut...
Ghanaian Central Bank Allays Fears That a CBDC Will Disrupt Mobile Money Operations – Fintech Bitcoin News
The Bank of Ghana has said the expected implementation of the central bank digital currency will not disrupt or negatively impact the operations of mobile money operators. Rather, the central bank exp...
Fintech Unicorn Flutterwave Granted ‘Game Changing’ License by Nigerian Central Bank – Fintech Bitcoin News
The Nigerian fintech Flutterwave has said the switching and processing license it recently received from the Central Bank of Nigeria allows it to “deliver an improved experience to our customers.” The...
Court Rules Against the Purchase of Land and Citizenship With Central African Republic’s Crypto – crypto.news
The Constitutional Court, a top court in the Central African Republic (CAR) has ruled that it was unconstitutional to purchase land and citizenship with the government-backed crypto, Sango Coin. Purch...
Brazil’s central bank picks Itaú DeFi project among new innovation proposals
Brazil’s central bank picked proposals for eight new projects to advance through its innovation lab, including a decentralized finance (DeFi) liquidity pool from Itaú Unibanco, the country’...
Central African Republic Court Denied Bitcoin Legal Tender Offer
44 seconds ago | 2 mins read Crypto Project CAR is the first nation in Africa to accept Bitcoin as legal tender. Only $1.2 million of the Sango coin had been purchased since August 24, 2022. Africa su...
Constitutional Court Says Central African Republic’s Sango-Coin-for-Citizenship Scheme Is Illegal – Featured Bitcoin News
A constitutional court in the Central African Republic has reportedly ruled that the Touadéra government’s offer of land and citizenship to buyers of the sango coin is unconstitutional. The court said...
Central bankers worry that a new era of high inflation is beginning
Jerome Powell, chair of the Federal Reserve walks in Teton National Park where financial leaders from around the world gathered for the Jackson Hole Economic Symposium outside Jackson, Wyoming, U.S., ...
Nigerian Central Bank Slashes CBDC Transaction Fees by 50% – Africa Bitcoin News
The Central Bank of Nigeria has said it is slashing transaction fees for the e-naira platform by 50% — a move which the bank claims will increase the volume of transactions on the central bank digital...
Central African Republic Top Court Blocks Purchases with New Crypto
The High Court of the Central African Republic (CAR) has ruled that using government-backed cryptocurrency to buy “e-residency” or citizenship and land goes against the country’s constitution. The Cen...
Central African Republic court says new $60,000 citizenship-by-crypto-investment program is unconstitutional
According to Reuters, the Constitutional Court of the Central African Republic (CAR) said on Monday that the purchase of citizenship, e-residency and land using its government-backed Sango digital cur...
South Korean central bank eyes MiCA, says future regulations may allow ICOs again
The South Korean central bank has indicated that initial coin offerings (ICOs) will be allowed under the Digital Assets Framework Act, according to a local news report. That comprehensive legislation ...
Central African Republic Court Deems Unconstitutional to Buy Land, Citizenships With The Country’s Native Cryptocurrency
Earlier today, the Constitutional Court of the Central African Republic (CAR) dictated it was unconstitutional to purchase citizenship, e-residency, and land with the government-backed cryptocurrency ...
Fed’s QT to Hit ‘Full Stride’ With Central Bank Shrinking $9 Trillion Portfolio
(Bloomberg) — The Federal Reserve’s balance-sheet unwind is set to ramp up this week, which means the central bank will finally begin unloading the Treasury bills it started amassing almost thre...
Itau Unibanco Selected by Central Bank of Brazil to Build Real-Pegged Stablecoin Solution – News Bitcoin News
Itau Unibanco, one of the biggest bank conglomerates in Brazil, has been selected by the country’s central bank to develop a system with a stablecoin pegged to the value of the Brazilian real. Itau’s ...
Singapore’s Central Bank Labels Crypto Trading “Highly Hazardous”
The Monetary Authority of Singapore (MAS) regards crypto trading as “highly hazardous” for retail investors in the country, according to a statement from the central bank’s managing director, Ravi Men...
Singapore’s Central Bank Wants to Foster Digital Assets, Restrict Crypto Speculation
According to Menon, while the digital asset ecosystem uses blockchain, distributed ledger technology and tokenization to allow “anything of value to be represented in digital form, and to be sto...
Russian Crypto Scammers Go Offline, Open Offices, Central Bank Worried About Trend – Bitcoin News
An increasing number of financial and crypto pyramids targeting Russian investors have been opening physical offices in the country. The Central Bank of Russia has recently expressed concern over the ...
‘Inflation Fever’ Is Finally Breaking — But Central Banks Won’t Stop Hiking Rates
(Bloomberg) — Global inflation is finally coming off the boil, even if it’s set to remain far too hot for the liking of the world’s central bankers. As economic growth slows, prices for key raw ...
Shrinking the Fed’s balance sheet sheet is not likely to be a benign process, new Jackson Hole study warns
“If the past repeats, the shrinking of the central bank’s balance sheet is not likely to be an entirely benign process and will require careful monitoring of the banking sector’s on-and off-balance sh...
Cardano’s Charles Hoskinson Says, Crypto is The way Out As “Central Banks Can’t Be Trusted With Monetary Policy”
– Advertisement – Hoskinson says crypto is the way out. Cardano founder Charles Hoskinson warned that tough times lay ahead, calling out the Fed for their poor decision-making in previou...
Singapore Central Bank Probes Crypto Outlets Ahead of Regulations
The Monetary Authority of Singapore (MAS) is surveying cryptocurrency-related firms operating in the city-state ahead of a planned regulatory overhaul. The MAS issued a questionnaire to various appli...
Ghana Central Bank Introduces Financial Innovation Sandbox
Blockchain News The sandbox environment is open to unlicensed financial service businesses. The sandbox has been created in partnership with Emtech Solutions Inc. As part of its aim to continually cre...
Venezuelan Bolivar Suffered Due to Central Bank Stops Intervening
Venezuelan fiat currency, Bolivar, plunged 35.51% against USD this week. The economist predicts the price will go upto 12 bolivar per dollar in December, 2022. At present it is at the price of 8.70 bo...