Last month, the Central African Republic surprised the world by making bitcoin legal tender. As it happened with El Salvador, Bitcoiners around the world jumped to support the project. On May 22nd, a ...
Tag: central
The Week Ahead – Economic Data and Central Bank Chatter in Focus
On the Macro It is a busy week ahead on the economic calendar, with stats 75 due out through the week ending May 27. In the week prior, 46 stats were in focus. For the Dollar: US consumer confidence w...
Paraguay Finally Set to Regulate Crypto despite Opposition from the Central Bank – crypto.news
Despite opposition from the country’s central bank, Paraguay‘s Chamber of Deputies has approved the development of a crypto regulation bill for submission to the Senate. This move was started in June ...
What Are the Major Central Banks?
What Is a Central Bank? Every nation or region has a central body that is responsible to oversee its economic and monetary policies and to ensure the financial system remains stable. This body is call...
Paraguay’s crypto industry regulation advances, despite pushback from central bank
Paraguay’s Chamber of Deputies approved the advancement of a crypto regulation bill to the Senate this week, despite pushback from the country’s central bank. In a special session on May 25, deputies...
India’s Central Bank RBI to Adopt a ‘Graded Approach’ to Digital Currency Launch – Regulation Bitcoin News
India’s central bank, the Reserve Bank of India (RBI), has proposed to adopt a “graded approach” to launching the country’s central bank digital currency (CBDC). The RBI also said it is exploring the ...
Central Bank of Sweden Does Not Think Highly Of Bitcoin
Central Bank of Sweden, Sveriges Riksbank, has taken it to the social media platform Twitter, to discuss Bitcoin. Central Bank of Sweden argues that the crowned asset fails as a value preserver, becau...
Thailand Central Bank Not Rushing to Deploy CBDC, Crypto VAT Gets Delayed
The Bank of Thailand (BoT) has put the brakes on its central bank digital currency (CBDC) plans as it sees plenty of viable alternatives for online payments. Thai central bank governor Sethaput Suthiw...
World Bank won’t support Central African Republic’s Sango crypto hub
The World Bank has signaled its concerns over the Central African Republic (CAR) adopting Bitcoin (BTC) as a legal currency and says it won’t support the newly announced “Sango” crypto hub. At the end...
Stocks Rally After Fed Minutes Show Central Bank Will Continue To Raise Rates Aggressively
Topline Stocks rallied slightly on Wednesday after minutes from the Federal Reserve’s most recent policy meeting showed that the central bank is likely to continue raising interest rates by a half-per...
Central African Republic teases ‘Project Sango’ crypto hub
A month after making bitcoin a legally recognized currency, the Central African Republic has unveiled plans to create a “crypto hub” to attract global crypto enthusiasts. The plans have b...
Central African Republic Teases Plans for Crypto Hub
The Central African Republic is planning to launch a new crypto hub to attract talent and spur economic growth. The hub is an island called “Sango” and will offer many crypto-friendly features. Presid...
Central African Republic wants to launch Africa’s first legal Bitcoin investment platform
? Want to work with us? CryptoSlate is hiring for a handful of positions! According to an announcement on the country’s official Facebook page, the Central African Republic (CAR) is set to launch a cr...
After Adopting Bitcoin, Central African Republic Set to Build a Crypto Hub
A month after adopting Bitcoin as legal tender, the Central African Republic (CAR) announced its first-ever crypto initiative – the Sango Project – designed to attract business and enthusiasts, take t...
European Central Bank has few positives for crypto in new report
The ECB has today released a report on the financial stability risks associated with crypto. It highlights that if current trends in growth and market integration persist then crypto-assets will have ...
Central African Republic to Launch First Crypto Investment Hub Dubbed “SANGO”
A month after adopting bitcoin as a legal tender, the Central African Republic (CAR) has announced plans to launch its first cryptocurrency investment hub. CAR’s First Crypto Hub Archange Touadera, th...
European Central Bank Releases Warning About Bitcoin and Cryptocurrencies
Arman Shirinyan Another European authority is hinting at regulations and issues warning about volatility and instability of cryptocurrency industry The massive increase in the size of the cryptocurren...
Central African Republic to Launch Bitcoin Investment Platform
Arman Shirinyan Another country is aiming at adoption of Bitcoin, but industry experts are not so crazy about it The Central African Republic is working on launching the continent’s first crypto...
Central African Republic to launch official crypto hub ‘Sango’
Shortly after approving Bitcoin (BTC) as legal tender in the Central African Republic (CAR), the local government is moving to provide the digital currency infrastructure. CAR President Faustin-Archan...
Cryptocurrency correlations are high, says the European Central Bank
The past few weeks and months have emphasized the correlation between cryptocurrencies and the stock market. Therefore, the European Central Bank (ECB) has warned consumers and investors of this pheno...
Central African Republic to Establish Crypto Hub
Key Takeaways The Central African Republic has created Africa’s first legal crypto hub. The Sango Project offers the possibility of citizenship by investment, zero income tax, and frameworks for the d...
European Central Bank President Christine Lagarde Says Crypto Assets Are Worth Nothing: Report
European Central Bank (ECB) President Christine Lagarde reportedly believes that crypto assets have zero value. According to a Politico report, Lagarde says cryptos are “worth nothing” and are merely ...
Central African Republic Pushes Crypto Adoption Despite Market Crash
Central African Republic’s President Faustin-Archange Touadera announced the “Sango Project” crypto initiative despite the pressure due to the crypto market crash. The objectives of the initiative inc...
European Central Bank Says Crypto Unsuitable As Store Of Value
The European Central Bank (ECB) said on Tuesday that cryptocurrencies are largely unsuitable as an investment or a store of value. The bank said if the current growth and market integration of cryptoc...
European Central Bank reveals 10% of Eurozone households own crypto
Research released on Tuesday, May 24 by the European Central Bank (ECB) indicated that one in ten households in the Eurozone had purchased crypto-assets such as Bitcoin, with the wealthy being just ma...
India’s Central Bank warns against the risks of crypto following Terra (LUNA) collapse
After the collapse of Terra (LUNA) and the stablecoin TerraUSD (UST), India’s central bank, the Reserve Bank of India (RBI), has issued a warning to its citizens against investing in the cryptocurrenc...
Bankers at WEF see the need for caution and speed on central bank digital currencies
The process of introducing a central bank digital currency (CBDC) is fraught with unknowns, some of which were elucidated in a panel of experts gathered Monday at the World Economic Forum in Davos, Sw...
India’s Central Bank Governor Warns About Crypto After Collapse of Terra LUNA, UST – Regulation Bitcoin News
India’s central bank, the Reserve Bank of India (RBI), has warned about investing in the crypto market following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). “We have bee...
Central Bank Of India Making Negative Stance on Cryptocurrency, Warns Crypto Investments In India
The regulator and Financial bodies worldwide have now turned cautious after experiencing the immense crypto crash and losing a lot of money. The Indian Government by making a negative stance on crypto...
Is Bitcoin (BTC) a Currency? Sweden’s Central Bank Weighs In on the Largest Crypto Asset
Sveriges Riksbank, Sweden’s central bank, is looking at Bitcoin in an effort to determine whether the largest crypto asset could be considered as a currency. According to Riksbank, Bitcoin must meet t...
Indian Central Bank Head Bashes Crypto After Latest Crash
Reserve Bank of India’s (RBI) Governor Shaktikanta Das on Monday has reaffirmed his negative stance on crypto. RBI had always raised concerns that cryptos will undermine the monetary, financial, and m...