Digital currencies are not regulated in Uganda No entity has been licensed as a virtual asset service provider in the country Uganda has seen an explosion in digital currency adoption despite the regu...
Tag: central
The IMF Expresses Concerns As the Central African Republic Legalizes Bitcoin
The Central African Republic recently made Bitcoin its legal tender. However, the International Monetary Fund (IMF) has expressed concerns about the decision, just as it did when El Salvador made a si...
Argentina’s central bank blocks financial institutions from offering crypto
Argentina’s central bank (BCRA) announced today that financial institutions cannot enable their clients to carry out operations using digital assets, just days after two banks said they had open...
90% of Central Banks Explore Launching CBDCs (BIS Survey)
In its most recent research, the Bank of International Settlements (BIS) estimated that nine out of ten central banks explore how to release their own CBDC. Moreover, 50% of those financial institutio...
9 in 10 Central Banks are Eyeing CBDCs, BIS Study Shows
90% of apex banks have shown intentions of rolling out Central Bank Digital Currencies (CBDCs), according to a study by the Bank for International Settlements (BIS). Per the report: “Nine out of...
US Fed hikes interest rates, Bitcoin plunges below $36K, and Argentina’s central bank says no to financial institutions offering crypto: Hodler’s Digest, May 1-7
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, pr...
Central African Republic Under Scrutiny By IMF Following Bitcoin Adoption
The Central African Republic is under scrutiny from financial analysts, entrepreneurs, and the International Monetary Fund (IMF), drawing unfavorable comparisons with El Salvador’s bitcoin project. Ac...
Central Bank of Argentina Bans Private Banks From Offering Cryptocurrency Services – Regulation Bitcoin News
The Central Bank of Argentina has taken steps to ban private banks from offering cryptocurrency services to customers in the country. The action comes after two banks had started offering cryptocurren...
IMF Warns Of Serious Risks For Central African Republic’s Adoption Of Bitcoin As Legal Tender ⋆ ZyCrypto
Advertisement     According to a report by Bloomberg, despite CAR’s move being hailed by the crypto community as a progressive motion, the International Monetary Fund ...
90% of surveyed central banks are exploring CBDCs — BIS
A survey conducted by the Bank for International Settlements, or BIS, suggested that many central banks around the world are looking into rolling out a central bank digital currency, or CBDC. In a pap...
Argentina’s Central Bank Is Considering Prohibiting Local Financial Institutions From Offering Cryptocurrency Services
Despite the central bank’s tough attitude, Argentina’s digital asset market has been booming for some time. The COVID-19 pandemic hit the country, which had been dealing with an uncertain economy in r...
DeFi firm Qredo receives regulatory approval from El Salvador’s Central Bank
Qredo, a leading decentralized finance (DeFi) firm, has received regulatory approval to operate as a Bitcoin service provider in El Salvador. The approval has been granted by the Central Reserve Bank ...
More Trouble For Crypto? 9/10 Central Banks Are Developing CBDCs
A recent survey by the Bank of International Settlements (BIS) shows that roughly nine out of 10 central banks are planning a digital currency (CBDC). A Central Bank Digital Currency (CBDC) operates s...
Central Bank Announces About-Turn on Digital Assets
The Central Bank of the Argentine Republic (BCRA) has said that regulated financial entities should not facilitate operations in unregulated digital assets. “The different actors involved in the opera...
Argentina’s Central Bank to Ban Local Institutions From Providing Crypto Services
The Central Bank of the Argentine Republic (BCRA) prohibited domestic financial institutions from facilitating crypto opportunities. The announcement comes a few days after two of the largest local ba...
IMF says Bitcoin adoption in Central African Republic poses risks
The International Monetary Fund (IMF) highlighted the difficulties that adopting Bitcoin as a legal currency for the Central African Republic presents for both the nation and region. The government an...
BIS: 95% of World Central Banks Into CBDC
BIS initiates a survey of central banks. Approximately 95% of central banks are into CBDC. The next two years will witness the launch of numerous CBDCs. Once apparently neglected, criticized, and rid...
Central African Republic, Bitcoin adoption risky for IMF
The decision taken a few weeks ago by the Central African Republic (CAR) has been described as risky according to the IMF. CAR had announced that it was adopting Bitcoin as legal tender, alongside th...
Argentine Central Bank, stop to crypto trading
The Central Bank of the Argentine Republic (BCRA) has blocked crypto-trading launched four days earlier by other Argentine banks. Argentina, Central Bank blocks crypto-trading activities The Central ...
Number of central banks involved in CBDC jumps 14%, BIS reports
The creation of central bank digital currencies (CBDCs) was one of the most notable stories in blockchain and cryptocurrency in 2021, even if CBDCs aren’t always linked to blockchain or decentra...
Central Bank Of El Salvador Approves Qredo’s Registration As A BTC Service Provider
Qredo, a decentralized finance firm, has received the approval of registration as a Bitcoin(BTC) service provider in El Salvador. Qredo announced that El Salvador’s Central Reserve Bank accepted the r...
IMF Concerned About Central African Republic’s Decision To Adopt Bitcoin (BTC) As Legal Tender: Report
The International Monetary Fund (IMF) is concerned about the Central African Republic’s recent decision to adopt Bitcoin (BTC) as legal tender. The IMF tells Bloomberg in a new email that the decision...
Argentina’s central bank steps in to block new crypto offerings from banks
The central bank of Argentina (BCRA) has put the kibosh on financial institutions offering crypto trading only days after two of the country’s largest banks signaled they were opening up to digital as...
Argentinian central bank puts its foot down on crypto trading in major banks
Even as cryptocurrencies become more widespread and authorities around the world seek ways to incorporate them into their countries’ operations, Argentina’s central bank has gone the opposite way and ...
Argentina’s Central Bank Prohibits Banks from Offering Crypto Services
Argentina’s central bank on Thursday clarified in an announcement that regulated financial institutions within the country cannot facilitate clients to carry out operations with digital assets. This n...
Central Bank Of Argentina Blocks Financial Institutions From Offering cryptocurrency
Digital assets in Argentina are defined as “a digital representation of value or rights. Transferred and stored electronically using Distributed Ledger Technology(DLT) or other similar technology acco...
IMF Says Central African Republic’s Bitcoin Adoption Poses Risks – Featured Bitcoin News
The International Money Fund (IMF) has added its voice to institutions and parties criticizing the Central African Republic (CAR)’s decision to adopt bitcoin. The IMF insists the adoption poses legal ...
Argentina’s central bank blocks crypto trading from the country’s biggest banks
Argentina’s central bank has blocked the offer of two of Argentina’s biggest banks just a few days after they were permitted to begin crypto trading. The central bank of Argentina (BCRA) h...
El Salvador’s central bank accepts Qredo’s registration to provide crypto services
Decentralized finance firm Qredo has received approval for registration as a Bitcoin (BTC) service provider in El Salvador. In a Wednesday announcement, Qredo said the Central Reserve Bank of El Salva...
US Central Bank boosted rates by 0.5 percent- more to come
The Federal Reserve of the United States hiked the benchmark interest rate for the first time in two decades on Wednesday. The FOMC decides to raise interest rates by 3/4 to 1 percent — Which was the...