Christine Lagarde, president of the European Central Bank, has warned that cryptocurrencies are worthless and should be regulated. The ECB boss believes that regulating the sector will prevent people ...
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European Central Bank president says crypto is worth nothing
Christine Lagarde, the president of the ECB, says that crypto is worth nothing and should be regulated to steer people away from it. Instead, she touts a digital euro as a safer store of value. Accord...
European Central Bank head slams crypto assets says they are ‘worth nothing’
The president of the European Central Bank, Christine Lagarde, has made it quite clear about her position on the value of cryptocurrency assets in a recent interview. Speaking on the Dutch television ...
Bitcoin Is Not Money, Says Swedish Central Bank
Alex Dovbnya Bitcoin has failed as a store of value, a medium of exchange and a unit of account, according to Riksbank In a lengthy Twitter thread, Riksbank, the central bank of Sweden, argues that Bi...
Bitcoin and Ethereum are Not Currencies, States Swedish Central Bank
Riksbank – the central bank of Sweden – has joined a chorus of other monetary authorities in rejecting Bitcoin’s status as “currency”. It argues that cryptocurrencies are poor at serving the three pri...
It Was Not A Bitcoin Event. Then, Why Were The Central Bankers In El Salvador?
The week started with central bankers and financial authorities from 44 countries arriving in El Salvador. The mainstream media ignored it completely. The IMF started sweating. President Bukele starte...
Central bankers bellow Bitcoin on El Salvador’s Bitcoin Beach
The orange pilling adventure in El Salvador continues. In a video that beggars belief, 44 central bankers and financial delegates from emerging markets around the world shout “Bitcoin!” while posing f...
South African central bank mulls digital rand to streamline cross-border payments
The South African Reserve Bank is mulling the issuance of a digital rand, Reuters reported on May 18, citing the central bank’s Deputy Governor Kuben Naidoo. Naidoo said a digital rand could significa...
Here’s why central bankers are in El Salvador talking about bitcoin
On Sunday evening, El Salvador’s President Nayib Bukele tweeted that the nation will be hosting more than 40 countries this week to discuss topics including the Central American country’s ...
Norway’s Central Bank Chooses Ethereum L2 Project for CBDC Test
Norway’s Central Bank is piloting it’s Central Bank Digital Currency (CBDC) using a sandbox created by Nahmii, an Ethereum L2 solution. Nahmii announced on May 16 that Norges Bank (Norway’s Central Ba...
Bukele and 44 central bankers meet in El Salvador
El Salvador welcomed 44 central bankers from developing countries They aim to tackle financial inclusion and discuss Bitcoin at a three-day conference Central bank delegates from Ghana to Burundi are ...
Crypto Adoption Rises in Argentina Despite Strict Central Bank Regulations
Crypto industry is growing big and mature day by day, increasing its user base on a massive note. More so, crypto communities are expanding in all parts of the world nurturing its services to all user...
Crypto CEOs are courting Brazil’s central bank as legislation moves through National Congress
CEOs from two cryptocurrency exchanges were scheduled to meet with Brazil’s Central Bank president Roberto Campos Neto in the past few days, indicating that talks between industry and the government a...
French central banker says the G7 plans to discuss crypto regulations
The Group of Seven (G7) will likely discuss crypto regulation in a finance meeting this week in Germany. Francois Villeroy de Galhau, the Head of the French Central Bank, added that what happened in t...
Eurozone Could Be Using Central Bank-Issued Digital Euro by 2026
The ECB would be stepping up its engagement with stakeholders for the progress of the project. Young people are expected to play a key role in the adoption of the digital euro. ECB’s Fabio Panetta has...
India’s Central Bank RBI Warns Crypto Could Lead to Dollarization of Economy – Coinotizia
India’s central bank, the Reserve Bank of India (RBI), has expressed concerns that cryptocurrencies could lead to the dollarization of a part of the Indian economy. “It will seriously undermine the RB...
India’s Central Bank RBI Warns Crypto Could Lead to Dollarization of Economy – Economics Bitcoin News
India’s central bank, the Reserve Bank of India (RBI), has expressed concerns that cryptocurrencies could lead to the dollarization of a part of the Indian economy. “It will seriously undermine the RB...
Crypto CEOs Chatting Up With Brazil’s Central Bank, Proposed Bill Under Process
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India’s Central Bank Reiterates Negative Views on Cryptocurrencies: Report
The Reserve Bank of India (RBI) toughened up its stance against cryptocurrencies, citing the rising asset class as a threat to its sovereign interest and a negative impact on the banking system. The n...
El Salvador Invites Over 40 Central Banks for International Event on Bitcoin El Salvador Invites Over 40 Central Banks for Int’l Event on Bitcoin
After buying the dip and adding 500 BTCs to the state coffer, El Salvador President Nayib Bukele has another surprise up his sleeves. The country is organizing an international conference of central b...
Bitcoin-Friendly El Salvador to Host Central Banks Meeting on Digital Economy
El Salvador is set to host delegates from different countries to discuss financial inclusion such as the digital economy, banking the unbanked, and the benefits of Bitcoin. El Salvador to Host Delega...
Crypto Could Lead to ‘Dollarization’ of Economy, Says Indian Central Bank
Cryptocurrencies, in particular stablecoins, could lead to an undesired “dollarization” of the economy, India’s central bank warned a parliamentary panel. Top officials from the Reserve Bank of India ...
Central Banks From 32 Different Countries To Meet in El Salvador To Discuss Bitcoin Rollout, Says Nayib Bukele
The president of the first country to adopt Bitcoin (BTC) as legal tender is planning to meet with central banks from 32 different countries to discuss BTC and its role in economies. El Salvadoran pre...
44 Central Banks to Attend Bitcoin Gathering in El Salvador – Trustnodes
32 central bankers and 12 financial institutions from 44 countries, including Egypt and Pakistan, are to descent on El Salvador on Tuesday. In the biggest meeting of its kind, and the first where bitc...
Chile’s central bank says it needs more time to study CBDCs
Chile is still considering whether to move forward with a central bank digital currency (CBDC), in spite of previously disclosed plans to have a proposal ready by early this year. In a preliminary re...
Chile’s Central Bank Wants More Time to Study CBDCs
Chile’s Central Bank is spending more time and exploring research options to determine whether it will issue a Central Bank Digital Currency (CBDC) or not. While Banco Central de Chile was expected to...
Central African bank regulator reminds member states of crypto ban, Reuters reports
Central Africa’s regional banking regulator reminded member states on Friday of its ban on cryptocurrencies, just weeks after the Central African Republic (CAR) made bitcoin legal tender, Reuter...
Central African Bank Regulator Announces Nationwide Crypto Ban
The monetary authority in charge of regulating financial activities in Central Republic Africa announced on Friday its ban on cryptocurrencies in the country. The ban by the Central Bank came a few we...
Central African Banking Regulator Says Crypto Ban Still Effective – Featured Bitcoin News
An African regulator has told members of the six-nation Economic and Monetary Community of Central Africa (CEMAC) that a ban on cryptocurrencies is still effective. The regulator said the prohibition ...
European Central Bank releases new paper for digital euro
The European Central Bank is currently actively engaged in releasing a central bank digital currency (CBDC). However, this product has faced much opposition from the public, and this opposition has be...