Chinese financial regulators, including the central bank, and the Zhejiang provincial government are encouraging “controllable risks” in the country’s e-commerce hub to spur financia...
Tag: central
GOOD NEWS: Sberbank will now be able to issue assets after getting a License from Russia’s Central Bank
The lender said that it had received approval for a license that would allow businesses to start issuing digital assets using its distributed ledger technology platform. Following US economic sanction...
The Week Ahead – Russia, Central Banks, and Private Sector PMIs in Focus
On the Macro It’s a quieter week ahead on the economic calendar, with 43 stats due out through the week ending 25th March. In the week prior, 59 stats had been in focus. For the Dollar: On Thursday, c...
Arab Monetary Fund Names RippleNet As Potential Alternative to Central Bank Digital Currencies
The Arab Monetary Fund (AMF), a sub-organization of the Arab League, has named global payments network RippleNet as a possible alternative to central bank digital currencies (CBDCs). In a new report, ...
Why Is the Central Bank of Russia Urging Banks To Ban P2P Transactions Monitoring, Including Crypto Transactions?
According to the reports on Thursday, the Central Bank of Russia (CBR) has asked the commercial banks to tighten their supervision of users’ transactions so that “special economic measures to co...
Central Bank Of Russia Steps Up Monitoring P2P Transactions Including Crypto
The Central Bank of Russia (CBR) has proposed that the nation’s commercial banks tighten monitoring on crypto and regulator operations. The objective is to stop transactions that attempt to evade its ...
Russia’s Central Bank Grants License to Sberbank to Issue Digital Assets
Russia’s central bank granted the country’s biggest lender Sberbank a license to begin issuing digital assets. Sberbank, the country’s largest retail bank applied for a license back in January with Ru...
Qatar exploring digital banks and central bank digital currencies
The Qatar Central Bank (QCB) is reportedly investigating the possibility of launching a digital currency and issuing digital bank licenses. According to the head of the fintech section at QCB, Alanoo...
War Handcuffs Russian Central Bankers Watching Demise of Economy
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg Russia’s central bank has been relegated to the role of bi...
Central Bank of Russia tightens P2P transactions monitoring, including those in crypto
The Central Bank of Russia (CBR) recommended that the nation’s commercial banks ramp up monitoring users’ transactions that could be aimed at circumventing CBR’s “special economic measures to counter ...
St. Louis Fed’s Bullard says the central bank should raise rates above 3% this year
James Bullard David Orrell | CNBC St. Louis Fed President James Bullard said Friday he thinks the central bank should raise interest rates the equivalent of 12 times this year to convince the public i...
Dogecoin Price Falls As India’s Central Bank Bans Cryptos
This morning, the cryptocurrency market saw a significant headline that caused Dogecoin’s price action to drop. The Indian Central Bank came out with firm rejection against adopting cryptocurrencies i...
Central Bank of Russia issues digital asset license to Sberbank in apparent policy reversal
Less than two weeks after the Central Bank of Russia, or CBR, reiterated its position proposing to ban the issuance, mining and circulation of cryptocurrencies in Russia, it appears to have reevaluate...
Sberbank Gets License From Russian Central Bank to Issue, Exchange Digital Assets
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 ...
Gold at $10,000? Death of the 40-year bull market in bonds? What’s next for the global financial system after Russia’s central bank gets cancelled
The shockwaves are still being felt by the incredible Western sanctions that have rendered the $630 billion in reserves the Russian central bank accumulated virtually unusable. Can the current dollar-...
Canadian Central Bank Partners with MIT for CBDC Research
The Bank of Canada- the Central Bank of Canada, announced Wednesday that it has partnered with the Massachusetts Institute of Technology (MIT) to work on a twelve-month research project on Central Ban...
Indian Government Says Central Bank Has No Plan to Issue Cryptocurrency – Regulation Bitcoin News
The Indian government has told parliament that it does not have a plan to issue cryptocurrency to be regulated by the central bank, the Reserve Bank of India (RBI). The government also clarified that ...
Canada’s central bank and MIT to collaborate on CBDC research
advertisement The Bank of Canada, the country’s central bank, and the Massachusetts Institute of Technology (MIT) have agreed to collaborate on Central Bank Digital Currency (CBDC) research. CBD...
Edward Snowden Slams Central Bank Digital Currencies: ‘The Risk Is Very Easy to Illustrate’
Edward Snowden again weighed in on the rise of central bank digital currencies (CBDCs) when he spoke at Camp Ethereal 2022 last week, expounding on why these new assets are problematic. In an intervi...
Binance Now Fully Licensed by Central Bank of Bahrain to Offer Crypto Services – Coinotizia
Cryptocurrency exchange Binance has announced that it has received a full license from the Central Bank of Bahrain. “The crypto asset license will allow Binance to provide crypto-asset trading, custod...
Binance Now Fully Licensed by Central Bank of Bahrain to Offer Crypto Services – Regulation Bitcoin News
Cryptocurrency exchange Binance has announced that it has received a full license from the Central Bank of Bahrain. “The crypto asset license will allow Binance to provide crypto-asset trading, custod...
Macro Expert Lyn Alden Says Cancel-Proof Bitcoin Could Make Its Way Onto Central Bank Balance Sheets – Here’s How
Macroeconomic guru Lyn Alden is laying out how Bitcoin can ultimately make its way onto the balance sheets of central banks of nation-states. In a new interview with Peter McCormack on What Bitcoin Di...
Russian Central Bank Changes Process of USD-RUB Rate Calculation
The Central Bank of Russia is changing the procedure of calculating and publishing the official foreign exchange rates as the value of the ruble against the US dollar plummeted over the past few weeks...
The Week Ahead – Central Bank Policy Decisions and Russia in Focus
On the Macro It’s a busier week ahead on the economic calendar, with 59 stats due out through the week ending 18th March. In the week prior, 50 stats had been in focus. For the Dollar: Wholesale infla...
Jamaican Central Bank Plans to Airdrop $16 to First 100 Citizens Of CBDC
In a bid to spread awareness and bolster usage, the Jamaican Government is all set to airdrop $16 (2500 Jamaican dollars) to the first 100,000 citizens setting up Central Bank Digital Currency (CBDC) ...
Elrond Gets the Greenlight from Romania Central Bank In-Principle for Acquiring Payments Firm Twispay
Elrond, a blockchain firm based in Romania, announced on Thursday that it acquired Twispay, a major Romanian payments company. The blockchain company’s move came after the National Bank of Romania gav...
Early Investors Will Receive Jam-Dex CBDC From The Jamaican Central Bank
Around 17% of the Jamaican population does not have access to banking services. Although people on social media speculate regarding governmental motives, the Observer reminds out that being unbanked w...
Jamaican central bank to airdrop Jam-Dex CBDC to early adopters
The first 100,000 Jamaican citizens to use the country’s new central bank digital currency (CBDC) known as Jam-Dex, will be given a free $16 payment in the hopes of promoting widespread adoption. Jam...
Romanian central bank approves blockchain firm Elrond to buy Twispay
The National Bank of Romania has greenlighted an acquisition in the blockchain industry, authorizing the blockchain startup Elrond to acquire a payment processing platform. Elrond, a blockchain firm f...