Zcash (ZEC), a privacy coin that launched in 2016, unveiled an upgrade to its system on May 31 that will allow users to more easily make private, trustless digital cash payments on mobile phones. Not ...
Tag: central
Swedish Central Bank Says Bitcoin mining Should Be Banned
The oldest central bank in the world, the Swedish central bank published a report saying that the energy-intensive Bitcoin (BTC) and cryptocurrency mining should be completely prohibited. Also known ...
Swedish central bankers snipe Bitcoin mining, cite rampant energy use
Another day, another environmental attack on proof-of-work (PoW) mining. A report shared by the Swedish central bank argued that energy-intensive Bitcoin (BTC) and cryptocurrency mining should be bann...
Russian Central Bank Slashes Interest Rate To Pre Invasion Levels As Inflation Appears To Peak
Topline The Russian Central Bank on Friday revised interest rates down to 9.5%—the same as it was in February prior to Russia’s ongoing invasion of Ukraine—a sign that inflation in Russia may have pea...
India’s Central Bank Is Constantly Engaged With the Government on Crypto: RBI Chief India’s Central Bank Is Constantly Engaged with the Government: RBI Chief
India’s central bank is constantly engaged with the government on cryptocurrencies, the Reserve Bank of India (RBI) Governor said on Wednesday. “I can say that on all issues there is constant engagem...
Ugandan central bank U-turns on crypto
The bank advised the Blockchain Association of Uganda to sharpen up its knowledge of the sandbox regulations The Central Bank welcomes firms to regulatory sandbox Central African Republic became the f...
Ethiopian Central Bank Urges Residents to Stop Engaging in Crypto Transactions – Regulation Bitcoin News
The National Bank of Ethiopia (NBE) has said it does not recognize cryptocurrencies as a legitimate method of payment and that residents must avoid using them. The bank insists the local birr currency...
Central banks are increasing gold reserves as inflation, supply chains fear looms
The amount of gold held in reserve by the world’s central banks has been increasing gradually over the last decade. During this period, gold holdings by central banks have grown to almost 35,600 tonne...
Bank Of Uganda Invites Cryptocurrency Businesses To Discuss Technicalities With Central Bank
The Bank of Uganda has advised members of the Blockchain Association of Uganda to understand more about cryptocurrency sector. The bank has stated that it will be glad to work with crypto platforms in...
Ray Dalio Says Central Banks to Cut Rates in 2024, AFR Reports
(Bloomberg) — Billionaire hedge fund founder Ray Dalio said central banks across the globe will be required to cut interest rates in 2024 after a period of stagflation constrains their economies...
Central bank digital currencies could be a costly waste of time
They are seen by central banks and traditional financial organisations as the panacea for the ills within the fiat monetary system, but central bank digital currencies (CBDCs) will need to be extremel...
Kazakhstan’s Central Bank Will Not Ignore the Cryptocurrency Market, Says Chairman
Galymzhan Pirmatov – Chairman of the National Bank of Kazakhstan – said the financial institution is intrigued by the cryptocurrency industry. As such, it has no plans to ignore it but rather study it...
Kazakhstan’s central bank ‘isn’t going to ignore’ the crypto market
While Kazakhstan’s government is catching up with the tremendous volume of crypto mining in the country by introducing new taxes and regulations, the local central bank intends to explore the possibil...
Ethiopia’s Central Banks Says Cryptocurrency Payments Are Illegal
The National Bank of Ethiopia (NBE) has revealed that it never gave authorization for cryptocurrencies to be used in the country as payment methods, local media reported Monday. Crypto Payments Illega...
Ethiopian Central Bank Warns that Trade With Crypto is Illegal
The National Bank of Ethiopia (NBE) clarified in a recent statement that it is still “illegal” to transact using Bitcoin or other cryptocurrencies. Citizens are encouraged to continue trading using th...
105 Countries Are Exploring Central Bank Digital Currencies, CBDC Tracker Shows – Regulation Bitcoin News
There are now 105 countries that are exploring central bank digital currencies (CBDCs). Among them, 50 countries are in an advanced phase of digital currency exploration (development, pilot, or launch...
Ethiopia’s central bank says it’s illegal for businesses to accept Bitcoin
The National Bank of Ethiopia (NBE) has issued a proclamation declaring that all financial transactions in the nation must be paid in the nation’s currency, the Birr, unless otherwise permitted by the...
Uganda’s Central Bank Allows Crypto Firms to Participate in Its Regulatory Sandbox
5 seconds ago | 2 mins read Bitcoin News Andrew Kawere applauded the idea of sharing knowledge. The central bank has urged the BAU to educate themselves with Sandbox Regulations. Following discussions...
Central African Republic (CAR) Plans to Tokenize Countries Natural Resources
11 hours ago | 2 mins read Bitcoin News The World Bank has granted $35 million in development financing. Some have questioned whether using Bitcoin as legal cash would be beneficial. As part of its am...
Ugandan central bank u-turns on crypto welcoming firms to regulatory sandbox
The Bank of Uganda is open to the idea of cryptocurrency businesses participating in its Regulatory Sandbox, inviting members of the Blockchain Association of Uganda (BAU) to share their knowledge wit...
Why digital currencies could be ‘big deal’ for central bank balance sheets
A combination of “systemic” central bank digital currencies and stablecoins could significantly alter central banks’ delivery and control of monetary policy and the size and composition of their asset...
Uganda Central Bank Says It Is Open to Crypto Firms Participating in Regulatory Sandbox – Regulation Bitcoin News
The Bank of Uganda (BOU) has hinted that it is open to the idea of crypto firms participating in the regulatory sandbox. The central bank’s position follows its deliberations with a team from the Bloc...
Brazil’s central banker praises the merits of the country’s CBDC
A recently published paper by the Bank for International Settlements (BIS) quoted Fabio Araujo, an economist at the Central Bank of Brazil, who said that if the country’s central bank is created, it c...
India’s Central Bank Deputy Governor Says CBDCs Can Kill Cryptocurrencies
Betting on India’s impending launch of CBDC, T Rabi Sankar, Deputy Governor of the nation’s central bank, the Reserve Bank of India (RBI), dismissed the idea that stablecoins should be accepted as 1-t...
Central African Republic to Tokenize Mineral Resources – crypto.news
The government of the Central African Republic (CAR) is planning to tokenize its mineral resources shortly after making bitcoin a legal tender. Minerals Tokenization Next on Agenda for CAR The CAR Pr...
The Week Ahead – Central Banks and US Inflation in Focus
On the Macro It is a quiet week ahead on the economic calendar, with stats 39 due out through the week ending June 10. In the week prior, 77 stats were in focus. For the Dollar: While it is a quiet we...
Central African Republic to tokenize natural resources
? Want to work with us? CryptoSlate is hiring for a handful of positions! The Central African Republic is stepping up its blockchain adoption with a new announcement from the president revealing that ...
Central African Republic announces plan to tokenize country’s minerals
Quick Take The Central African Republic’s government has identified the tokenization of its natural resources as the next step forward in its digitization efforts. The landlocked African nation became...
CBDCs To Kill Private Cryptos, Indian Central Bank Warns
The Indian Cryptocurrency market has been dealing with many restrictions lately. Finance Minister Nirmala Sitharaman announced the 30% tax over the profit made from the digital assets trading in this ...
Brazilian central banker describes how CBDC system can halt bank runs
In a paper recently published by the Bank for International Settlements (BIS), Fabio Araujo, an economist at the Central Bank of Brazil (CBB) who is also responsible for the country’s central bank dig...
US central bank digital currency commenters divided on benefits, unified in confusion
In January, the United States Federal Reserve Board of Governors released a discussion paper on a potential U.S. central bank digital currency (CBDC) titled “Money and Payments: The U.S. Dollar in the...