Amid the Ukraine-Russia conflict, the Russian ruble has managed to rebound despite the strict sanctions imposed against the Russian Federation. The country’s central bank has taken a few steps to prot...
Tag: central
Honduras Economic Zone Accepts Bitcoin As Legal Tender – What Now, Central Bank?
A special economic zone on a tourist-oriented island off the coast of Honduras has recognized bitcoin and other cryptocurrencies as legal tender, zone officials announced Friday. While the country’s c...
Nigerian Central Bank Sanctions Banks For Enabling Crypto Transfers
The sanctions are a part of CBN’s efforts to discourage cryptocurrency usage and to firmly establish commercial restrictions on cryptocurrency trading. The Central Bank of Nigeria (CBN) has penalized ...
Central Banks Are Bankrupt Says Peter Thiel – Trustnodes
Peter Thiel, the co-founder of PayPal and Palantir, told the tens of thousands attending Bitcoin 2022 in Miami that central banks are bankrupt. “Bitcoin is always the most honest market in the world, ...
Swedish central bank says it will be possible to integrate e-krona into banking systems
Sveriges Riksbank, Sweden’s central bank, said its second phase of testing CBDCs has proven that it would be possible to integrate a state-backed digital currency into the current banking system. The ...
Sweden’s central bank completes second phase of e-krona testing
The Swedish central bank’s digital currency project, a proposed CBDC, known as the e-krona has successfully finished its second phase of trials. According to Riksbank, the nation’s central bank,...
Swedish Central Bank Concludes Second Phase of e-Krona Pilot, Kickstarts Phase-3
The central bank of Sweden has released a new report on the e-krona pilot project on Wednesday. The report not only marked the conclusion of Phase-2 for the CBDC pilot, but also chalked out the object...
Nigeria’s Central Bank Imposes $1.9M Penalty on 3 Domestic Banks for Crypto Transactions
Nigeria’s central bank has reportedly fined three domestic lenders for allowing transacting in cryptocurrencies. The action is in line with the apex bank’s 2021 circular, where the Central Bank of Nig...
Fed must ‘inflict more losses’ on stock-market investors to tame inflation, says former central banker
So much for the Fed put. “‘It’s hard to know how much the U.S. Federal Reserve will need to do to get inflation under control. But one thing is certain: To be effective, it’ll have to inflict more los...
Research says 80% of Central Banks are either looking for or developed CBDCs
Authorities have experienced the adoption of digital currency’s notion and blockchain tech for various purposes, and now they are seeking it On Monday, 4th April, the second annual report of the Globa...
Georgian central bank prepares legislation to regulate the crypto market
Georgia, the country on the Black Sea, is preparing to regulate its cryptocurrency market. National Bank of Georgia Governor Koba Gvenetadze told The Financial on Monday that the central bank has alre...
80% of central banks are researching CBDC
TL; DR Breakdown PwC report says more than 80% of countries are researching CBDC The report discussed the maturity of the digital currencies Analyst gives an opinion on CBDCs and stablecoins CBDCs are...
China’s Central Bank Adds More Digital Yuan Pilot Cities – Altcoins Bitcoin News
China’s central bank, the People’s Bank of China, has added more cities to test its digital currency. According to the latest official data, the digital yuan has more than 261 million users. PBOC Adds...
More than three-quarters of central banks considering a CBDC: research
More than 80% of central banks are interested in launching a Central Bank Digital Currency (CBDC) or have already done so according to research conducted by accounting firm PwC. The second annual Glob...
Why Central Bank Governor of Kenya think launching CBDC, for now, is tough?
Although CBDCs are technological advancements based on blockchain tech the tech also needs to get within reach of those who can use it The Central Bank of Kenya governor stated the plans and obstacle...
As the Fed Raises Interest Rates, and Other Central Banks Don’t, What Will That Mean for U.S. Stocks?
The Federal Reserve’s recent decision to begin raising interest rates stands in contrast to many other central banks around the world, which are keeping their baseline interest rates flat or lowering ...
Central banker conference to examine ‘safe DeFi’ and CBDCs next week
A group of central bank officials is set to discuss decentralized finance and CBDCs during a virtual event on Monday. The Bank for International Settlements (BIS) will livestream a conference from Zu...
Japan central bank wants urgent crypto regulation and warns of the global settlement system potentially being upended
A senior Bank of Japan (BoJ) official has said that a common framework is urgently needed by the group of 7 nations in order to regulate cryptocurrencies before they “upend” the global settlement syst...
European Central Bank Weighs Possibility of Digital Euro Issuance
The European Central Bank published a report which sheds more light on the applicability of the digital euro in transactional use cases. The European Central Bank (ECB) is reportedly exploring possibl...
Vietnam Government developing crypto legal framework along with the Central Bank –
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Central Bank of Sudan Warns of Risks Associated With Cryptocurrency – Regulation Bitcoin News
The central bank in crisis-stricken Sudan has warned residents dealing with cryptocurrencies that they face numerous risks including loss of value. The warning comes as Sudan is grappling with an econ...
Hacker Group Anonymous Leaks Russian Central Bank Data
Hacker group Anonymous has released 28 gigabytes of data, which it claims was sourced from the Central Bank of the Russian Federation (CBRF). In a video announcement made on Friday, Mar, 25, Anonymous...
Central Bank Of Sudan Urges Citizens To Steer Clear Of Cryptocurrencies Despite Economic Downturn ⋆ ZyCrypto
Advertisement     Sudan warns citizens against turning to crypto in times of economic difficulty. Pundits fear an outright ban may be in play. More and more people are...
With inflation going through the roof, Sudan’s central bank cautions citizens against using crypto
The Central Bank of Sudan (CBOS) cautioned the country’s citizens against dealing with “all types of cryptocurrencies” due to “the high risks” that they pose. This announcement came as a reaction to t...
Central Bank of Sudan Warns Citizen
TL;DR Breakdown Sudan Apex’s bank warn its citizen about Cryptocurrency. The Depreciation of Sudanese Pounds continues. The Central Bank of Sudan (CBoS) has put out a message, warning its citizens abo...
Sudan’s Central Bank Warns Citizens against Crypto
On Monday, the Central Bank of Sudan warned citizens against investing in cryptocurrencies because of the risks associated with such coins, which include market volatility, financial crime, and electr...
Vietnamese Government and Central Bank Developing Legal Framework for Crypto – Regulation Bitcoin News
Vietnam is creating a legal framework for cryptocurrency. The country’s deputy prime minister has instructed the Ministries of Finance, Justice, and Information & Communications to work with the c...
‘Bitcoin in Cowboy County’ — New Documentary to Feature Gas-to-Bitcoin Mining Solutions in Central Wyoming – Mining Bitcoin News
According to the bitcoin mining operation and mining rig reseller, Compass Mining, a new documentary will be released that covers the bitcoin mining operations in central Wyoming. The documentary, cal...
Ghanaian Central Bank Reveals Trigger Behind Issuing The CBDC
The central bank of Ghana reveals the key triggers that led it to plan the issue of central bank digital currency (CBDC). The document outlines the design of the digital currency along with its benefi...
Central Bank Of Sudan Marks Crypto As ‘High Risk’
The Central Bank of Sudan (CBOS) warned its citizens to not deal in any type of cryptocurrency. The warning issued cited high risks of financial crimes, electronic piracy, and the danger of losing the...
Hacker Group Anonymous Leaks 35,000 Files Of Stolen Russian Central Bank Documents
Anonymous keeps its promise by renewing its attack on the cybersecurity firewalls of Russia’s Central Bank. According to various news sources, the international hacker collective Anonymous claims to h...