The level of inflation globally has increased significantly. However, the European Central Bank (ECB) has stated that it will not change the interest rates. The US Federal Reserve has been discussing ...
Tag: central
Central Bank of Ecuador Might Regulate Cryptocurrencies This Year – Bitcoin News
The Central Bank of Ecuador is planning to issue cryptocurrency-specific regulation later this year. According to statements from Guillermo Avellan, the manager of the Central Bank of Ecuador, this wi...
Indian Central Bank Warns against Unregulated FX Trading Platforms
The Indian central bank has issued a warning on Thursday against locally unregulated forex trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of gener...
The Fed and MIT Publish Central Bank Digital Currency Technical Research
We saw the publishing of technical research and open-source code that could be the groundwork for digitizing the greenback. There were no definitive plans to develop a CBDC mentioned in the paper as a...
Why Was There an $11.7 Million Gold Cube in Central Park? Crypto, Of Course
For one day only, a solid gold cube weighing over 400 pounds was on display in New York’s Central Park. Why? It was a part of European artist Niclas Castello’s foray into cryptocurrency. Castello crea...
MIT, Boston Fed go public with ‘Project Hamilton’ central bank digital currency research
Open-source software developed in a collaborative research project between the Federal Reserve of Boston and the Massachusetts Institute of Technology’s Digital Currency Initiative was released ...
European Central Bank Keeps Interest Rates Low And Expects Inflation To Stay Elevated
While the Federal Reserve continues to threaten interest rate hikes amid rising inflation, the ECB has taken a different approach. Bank President Christine Lagarde stated they will “not rush into a de...
India Announces Upcoming Launch of Central Bank Digital Currency, Digital Rupee, to Be Issued by RBI – Regulation Bitcoin News
The Indian government has announced the upcoming launch of the country’s central bank digital currency. The digital rupee will be issued by the Reserve Bank of India (RBI) in the financial year 2022-2...
Central banks throughout Asia work out their CBDC bumps
TL;DR Breakdown Central banks in Asia are leading the charge in creating their own digital currencies. Cross-border interoperability in Asia, for their CBDCs, is contingent on regional cooperation. At...
Central Bank of Jordan Exploring the Possibility of Launching a CBDC – Fintech Bitcoin News
The governor of the Central Bank of Jordan recently said his institution is studying the possibility of launching a legal digital currency, one that will be linked with its national currency. He also ...
Bitcoin Steady Near $38.5K as Australian Central Bank Ends Easing Program
Bitcoin has nearly halved in value since peaking near $69,000 on Nov. 10, predominantly due to fears of faster Fed tightening. The cryptocurrency’s fortunes are closely tied with the equity mark...
Poll Reveals Russian Public’s Verdict On Crypto Amid Spat With Central Bank
Bitcoin awareness is increasing in Russia, and the government is hard at work in drafting a more definite regulatory environment for the use of crypto by citizens and businesses. As BeInCrypto recentl...
Central Bank Prohibition Led to Growth in Crypto Awareness – Featured Bitcoin News
The chief marketing officer (CMO) of a cryptocurrency payments solution company, Rotimi Ogunwede, has insisted that the Central Bank of Nigeria (CBN)’s decision to bar crypto entities from the banking...
How many Russian Citizens will support the Central bank’s idea of a Crypto Ban?
A few days back Central Bank of Russia suggested banning cryptocurrencies and their operations across the country, but reports and surveys show different opinions of Russian crypto users Concerning c...
Central Bank Governor Says Kenya’s Position on Cryptocurrencies Has Not Changed – Emerging Markets Bitcoin News
Kenya’s position on cryptocurrencies is still unchanged the governor of the Central Bank of Kenya (CBK), Patrick Njoroge has said. Njoroge latest remarks come as Kenya continues to cement its position...
Russia central bank prepares crypto regulation law
TL;DR Breakdown • Russian government plans to regulate cryptos and not ban them.• Crypto regulation in Russia will start in May 2022. Recently the central bank in Russia has joined crypto regulation i...
Putin Supports Cryptocurrency Mining, Despite Central Bank Stance
As per 3 people familiar with the matter, President Vladimir Putin supports the Russian government’s proposal to tax as well as govern cryptocurrency mining while dismissing the central bank’s proposi...
Putin Urges Government, Central Bank to Reach Consensus on Crypto, Highlights Russia’s Mining Potential – Regulation Bitcoin News
President Vladimir Putin has joined the debate on the future of cryptocurrencies in Russia, calling on the government and central bank to work out a common position on their regulation. The Russian le...
Vladimir Putin Offers Hope for Crypto in Face of Central Bank Call for Ban
Russian President Vladimir Putin has called for consensus between his country’s government and the central bank following the latter’s recent call for an outright ban on crypto. Speaking i...
IMF sees potential for further market turbulence as central banks hike rates
The International Monetary Fund has warned of further turbulence ahead for financial markets, particularly as governments around the world shift gears into recovery mode. Central banks’ moves to...
Putin Provides Hope For Bitcoin Thriving In Russia Despite Central Bank’s Stark Proposal For Blanket Ban ⋆ ZyCrypto
Advertisement     In surprising comments made by Russian President Vladimir Putin, the nation could be softening its stance toward cryptocurrency. Putin is unlikely to...
Putin pumps the brakes on Russian Central Bank’s push to ban crypto, sees future in mining
advertisement Russian President Vladimir Putin is not totally on board with the Central Bank of Russia’s recent call to ban cryptocurrency in the country. In a January 26 video conference, Puti...
Russia’s Central Bank Halts Ruble Plunge as Markets Experience Freefall
On Monday, January 24, the Central bank of Russia was forced to halt purchases of foreign currency in an attempt to stop a tremendous plunge in the stock market and the value of the ruble. Monday afte...
Kazakhstan Powers Down Bitcoin Miners as Blackouts Roil Central Asia
Don’t expect Kazakhstan Bitcoin miners to be earning any BTC during the final week of January. The state-run Kazakhstan Electricity Grid Operating Company (KEGOC) confirmed to Bloomberg that ele...
First Phase of CBDC Pilot Completed, South Korean Central Bank Reports
Bank of Korea (BOK) has been testing its central bank digital currency (CBDC) since August 2021. BOK recently reported that the first phase of the digital currency issuance and distribution pilot has ...
Russia’s Central Bank to Ban on Crypto Mining and Trading
Russia, one of the world’s most crypto influential nations, announced its intentions to regulate these digital currencies. The Russian Central Bank recently proposed a ban on crypto mining and trading...
South Korea’s Central Bank Completes Phase One of CBDC Pilot
The Bank of Korea (BOK) has announced the successful completion of the first phase of its two-phase central bank digital currency (CBDC) pilot. The BOK has hinted that the second phase of the digital ...
When central banks seek public discussion, Jan. 17–24
Last week, two central banks dropped public reports that can have a sizable impact on the crypto landscape in their respective countries and beyond. The U.S. Federal Reserve published a discussion pap...
Federal Reserve Drops Report Outlining Pros and Cons of Central Bank Digital Currencies
The Federal Reserve has released its anticipated report on the feasibility of issuing a central bank digital currency (CBDC) in the United States. The Fed says the report serves as the first step to d...
Central banks asleep at the wheel as inflation spirals, Brazils Guedes
Brazil’s economic minister warned Friday that Western central bankers are “sleeping at the driving wheel” as economies slip deeper into a high inflation environment. Speaking to CNBC...
Russia’s central bank releases a damning report, proposing a blanket ban on crypto
Moscow could soon crackdown on cryptocurrency operations in the country, as Russia’s central bank released a damning 36-page proposal earlier this Thursday. Stating investor protection, financial stab...
Russia’s Central Bank Reportedly Proposes a Total Crypto Ban
The central banking institution of the largest country by landmass – the Bank of Russia – urged the local government to impose a blanket ban on all cryptocurrency endeavors on Russian territory. It ar...