Pakistan’s central bank and the federal government have recommended that crypto be completely banned. The report they have formed has been sent to the law and finance ministries for further review. Re...
Tag: central
Pakistan: Central bank-led committee calls for ‘ban’ on cryptos and sanctions
Cryptocurrencies’ growing popularity and dominance threatens financial stability, according to different regulatory watchdogs across the globe. In fact, quite a few countries have banned the use of di...
Powell Says Fed Report on Crypto, Central Bank Digital Currency Is ‘Ready to Go’
The Federal Reserve’s much-anticipated crypto report is “ready to go” and will come out “in the coming weeks,” according to Fed Chair Jay Powell. The remarks came during ...
JPMorgan’s JPM Coin First Experiment Declared Successful by Bahrain’s Central Bank
The CBB or Central bank of Bahrain has successfully completed a JPM Coin test to achieve its goal to enhance client satisfaction through secure and efficient settlement services, it’s the first time t...
Binance taps former central bank exec to push compliance in CIS and Russia
Binance, the world’s largest cryptocurrency exchange, is putting more effort into increasing compliance in the Commonwealth of Independent States (CIS), Russia and Ukraine. Binance is planning to exte...
Central Bank of Bahrain successfully completes its digital payment trial using JPM Coin
The central bank of Bahrain (CBB) has successfully completed a trial run of the JPM coin in association with JPMorgan’s blockchain and cryptocurrency unit Onyx. The trial test included two other orga...
Bahrain’s central bank completes trial for JPMorgan’s JPM Coin
The central bank of Bahrain (CBB) has finalized the testing phase for JPM Coin. This places it among the countries that have made bold steps in adopting blockchain technology. The testing phase for th...
Bahrain’s Central Bank Declares Its JPM Coin Payment Test a Success
The Central Bank of Bahrain (CBB) has successfully completed a test of JPMorgan’s JPM Coin. The latter is a digital currency designated to make payments using blockchain technology. First Tests for JP...
Bitcoin Boom: Central Banks Examining How To Launch Digital Versions Of Their Own Currencies
The crypto industry witnessed an advanced surge, with Bitcoin touching all-time highs. 2021’s beginning marked Bitcoin trading at $29,000, which reached $68,000 in October, up a 130% surge. MicroStrat...
Central bank of Bahrain trials JPMorgan blockchain and token
Bahrain is the latest nation to explore blockchain technology by American investment bank JPMorgan, with the country’s central bank trialing JPMorgan’s proprietary digital currency. The Central Bank o...
New report reveals risks that CBDC service providers & central banks have to address
CBDC season could soon be coming, as China readies for the launch of its digital yuan and other countries also race to complete white papers or even pilot programs. However, a new report has made note...
Central Bank of Bahrain Tests JPM Coin
The Central Bank of Bahrain (CBB), today announced the successful completion of the test with Onyx by JPMorgan’s JPM Coin System. CBB highlighted that the bank is planning to provide an improved custo...
Central Bank of Bahrain Successfully Completes JPM Coin Test Run
The Central Bank of Bahrain has successfully completed a test of the JPMorgan JPM Coin. The latter was used to send real-time payments to counterparties in the U.S. The Central Bank of Bahrain has ann...
Stocks Plunge After Fed Minutes Show Central Bank Could Remove More Stimulus
Topline The stock market tanked on Wednesday after minutes from the Federal Reserve’s most recent meeting showed that the central bank could become more aggressive about removing stimulus and reducing...
Global Central Bank Gold Holdings Rose to 36,000 Tons in 2021, Increase Attributed to Dollar’s Decline – Economics Bitcoin News
The total quantity of gold held in reserves by central banks topped 36,000 tons for the first time since 1990, data from World Gold Council has shown. This increase follows growth in the banks’ report...
One-Day $10 Billion Profit Erases Turkey Central Bank Losses
(Bloomberg) — Turkey’s central bank posted an extraordinary daily profit of around $10 billion on the final day of 2021, sparking questions on what caused this overnight boon that will trickle d...
Trial E-CNY Wallets for iOS and Android Launched by China’s Central Bank: Reuters
Yuri Molchan Chinese central bank has released DCEP wallets for both Android and iOS smartphones According to Reuters, PBOC (the Central Bank of China) has kicked off pilot versions of wallets for dig...
Jamaican Central Bank Says It Has ‘Successfully Completed CBDC Pilot’ – Fintech Bitcoin News
The Jamaican central bank successfully completed the pilot testing of its central bank digital currency, a statement from the bank has said. The statement however reveals that only one payment service...
India’s Central Bank RBI Says Crypto Is Prone to Fraud and Poses Immediate Risks to Consumer Protection – Regulation Bitcoin News
India’s central bank, the Reserve Bank of India (RBI), has warned about multiple risks cryptocurrency poses to the country’s financial stability. “They are also prone to frauds and to extreme price vo...
Banks Forced by Central Bank of Israel to Accept Crypto Profits
Domestic banks in Israel were informed by the Central Bank of Israel that the profits generated by acts associated with cryptocurrencies must not be refused. A draft circular was dispersed by the Cent...