Ukraine’s central bank, the National Bank of Ukraine (NBU), has tightened restrictions on cross-border “quasi-cash transactions,” including those involving crypto, with its national ...
Tag: central
Russia’s central bank to run real-world pilot of digital ruble in 2023: report
Russia is planning to run “pilot transactions” as early as next year using a digital ruble that could be used for international payments, according to a new report. Elvira Nabiullina, governor of the...
Ukrainian Central Bank Bans Bitcoin Purchases Using National Currency
The National Bank of Ukraine issued a statement on Thursday clarifying that cryptocurrency purchases using the native currency are temporarily banned. This is part of a wider effort to keep capital wi...
Digital Ruble Coming Next Year, Says Russian Central Bank Governor
Russia’s central bank said it plans on having a digital ruble prepared by next year, as part of the country’s effort to circumvent Western sanctions. Bank of Russia Governor Elvira Nabiullina told the...
Ukraine’s central bank bans purchasing cryptocurrency using local currency
Ukraine’s central bank has banned the purchase of cryptocurrencies using the country’s local currency, invoking martial law, which has been in effect since the invasion by Russia. The National Union B...
Saudi Central Bank Warns Official Entities on Forex Trading
Saudi official entities have been warned against the use of forex trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value o...
UK Central Bank to Raise $420 Million to Up Crypto Scrutiny
Britain’s banking regulator is planning to seek funding from the institutions it administers in order to increase its oversight of the crypto industry. The Bank of England’s Prudential Regulation Auth...
Ukraine’s Central Bank Bans Crypto Purchases in Local Currency
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set ...
Russian central bank needs to ease up digital asset projects, governor says
Elvira Nabiullina, governor of the Bank of Russia, has admitted that Russia’s central bank might have taken a bit too tough a stance on digital assets and should look to reconsider that. On Thursday, ...
Japan’s Central Bank (BOJ) is cautious about Digital Yen
The Bank of Japan will proceed with caution when it comes to the digital yen, preferring Sweden’s approach to China’s rapid development of experimentation. Central bank digital money has c...
Japan’s Central Bank Will Test Digital Yen Cautiously
Over the past years, developed and developing countries have shown a growing interest in central bank digital currency (CBDC). The Bank of Japan has recently announced a cautious approach to the digit...
China Central Television (CCTV) Set To Roll Out Third NFT Series Soon
CCTV chooses the occasion of the seventh China Space Day for the release of its third NFT series. The third NFT series would be taken out of the box on the Top Holder marketplace. As China...
Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing – Finance Bitcoin News
The Central Bank of Russia has emphasized the importance of moving forward with its digital ruble project. According to a statement by a top representative, the monetary authority has no intention to ...
Portugal’s Bison Bank Acquires Crypto License from the Central Bank
Bison Bank, a Portuguese financial institution, has been given license by the nation’s Central Bank, Banco de Portugal to provide virtual asset services, according to the updated list of the ape...
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year – News Bitcoin News
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos ...
Bison Digital Becomes Portuguese Central Bank-Licensed Virtual Asset Service Provider
With its services regulated in the country, more institutional investors are likely to use the company to access the crypto market. The Portuguese central bank has granted Bison Digital a license to o...
Central banks in emerging economies look to CBDCs for payment efficiency, BIS report says
A volume of papers from the Bank for International Settlements (BIS) points out that payment system efficiency is the top motivation for central banks in emerging market economies experimenting with c...
Chinese Central Bank’s Bodies Ban BTC, ETH for NFT Settlement, Call for Strict Control of NFT Space
Yuri Molchan Three associations regulated by China’s central bank launch initiative to take control of NFT space in China, which excludes using top three cryptos for payment According to Shangha...
TON Foundation in Talks to Launch Stablecoins in Central Africa
Africa’s position as a global leader in crypto adoption could get a boost if efforts to launch a stablecoin in Central Africa succeed. The TON Foundation is in talks with governments in Central Africa...
Brazilian Central Bank Exec Says CBDC Pilot to Go Live this Year
Roberto Campos Neto, the President of the Central Bank of Brazil, has confirmed that there will be a pilot testing of the country’s Central Bank Digital Currency (CBDC), dubbed the Digital Real. The p...
Central Bank Digital Currencies Are About Control – They Should Be Stopped
Photo taken on July 15, 2021 shows the U.S. Federal Reserve in Washington, D.C., the United States. … [+] U.S. Federal Reserve Chair Jerome Powell said on Thursday that he was “legitimatel...
Consensus on CBDC design among central banks not a priority, Bank of Canada says
As central banks around the world explore central bank digital currencies (CBDCs), the Bank of Canada (BOC) is keen to stress that rollout efforts don’t require coordination between nations — an...
Brazilian central bank president confirms CBDC pilot will launch in 2022
The president of the Central Bank of Brazil confirmed that the country’s sovereign digital currency pilot will go live this year, Cointelegraph Brazil reported. The confirmation about the digital curr...
Ghana Central Bank Reiterates Warning Against Practice of Pricing Goods in Forex – Emerging Markets Bitcoin News
The Bank of Ghana has warned businesses and the public against the practice of demanding or making payments in foreign currency without its authorization. The central bank’s warning comes just over a ...
Bitcoin Mining Talks Take Central Stage at Bitcoin 2022 Conference
Many participants proposed ideas regarding the future of the crypto mining industry and how more decentralization could be attained. The Bitcoin 2022 Conference took place last week in Miami with a nu...
UPI Was Central to Coinbase India Launch; Now the Crypto Exchange Says It’s ‘Unavailable’
On Thursday, hours after Coinbase’s trading launch in India, NPCI tweeted it is “not aware of any crypto exchange” using UPI. At the time, Coinbase responded with a statement that sa...
Banks Are Being Fined By The Nigerian Central Bank For Allowing Cryptocurrency Transactions
The blockchain analytics platform, the continent’s most populated country, also has the highest share of retail users conducting transactions under $10,000. A customer of the United Bank for Afr...
Namibian Central Bank Plans to Launch CBDC
Johannes Gawaxab announced that Namibia plans to launch CBDC Interest in privately issued cryptos has increased CBDCs do have financial stability implications Johannes Gawaxab, the legisla...
Russia’s Central Bank Slashes Benchmark Rate
European Union (EU) leaders formally agreed to ban coal Ruble Rebounds to Pre-War Levels Benchmark rates slashed from 20% – 17% In the midst of the Ukraine-Russia struggle, the Russian ruble has figu...
Nigeria’s Central Bank punishes 3 banks with a $1.9M Penalty for Crypto Transactions
Nigeria’s central bank punished three homebuyers for allowing cryptocurrency transactions. The action is in accordance with the Zenith Financial Institution’s 2021 round, in which the Central Bank of ...
Namibian Central Bank Announces Plan to Launch CBDC – Emerging Markets Bitcoin News
Johannes Gawaxab, the governor of the Bank of Namibia (BON), has said his organization is planning to launch a central bank digital currency (CBDC). The governor, however, warns the launch might have ...
Yankee Star Aaron Judge’s Gamble On Himself The Central Focus Of Opening Day
New York Yankees’ Aaron Judge hits a double in the ninth inning of an opening day baseball game … [+] against the Boston Red Sox, Friday, April 8, 2022, in New York. (AP Photo/John Minchil...