Central bank digital currencies (CBDCs) are not worth the work and resources required to implement them, says former senior advisor to the Bank of England. In a Financial Times article published today...
Tag: central
Indian Central Bank Governor asks for a blanket ban on Crypto
Shaktikanta Das, the Indian Central Bank governor, said that crypto is gambling. The governor also called for a blanket ban on crypto at a Business Today event. Given the skepticism shown by governmen...
India’s Central Bank Head Calls for Blanket Ban on Crypto
Alex Dovbnya RBI governor Shaktikanta Das remains highly skeptical of cryptocurrencies The Reserve Bank of India (RBI) has issued a stark warning regarding the use of Bitcoin and other digital currenc...
90% of central banks are working on CBDC projects, thus it should be based on XRPL, according to Ripple
Join Our Telegram channel to stay up to date on breaking news coverage 90% of Central Banks, according to Ripple, are currently actively creating their own CBDCs. The company thinks XRPLedger can prov...
Bank for Central Banks Floats Ways to Contain Crypto, Including Ban
After a series of blowups in the crypto industry, the Bank of International Settlements is exploring de-risking policies for central banks, with a ban on crypto activity one potential option. Economis...
Why Crypto Is ‘Nothing But Gambling’ To India’s Central Bank Governor
Reserve Bank of India Governor Shaktikanta Das has no love for crypto. In fact, he wants to get rid of it through an outright ban, saying that these “are nothing but gambling.” Das said in his speech ...
India’s central bank governor calls for ban on crypto, compares it to gambling
Reserve Bank of India (RBI) governor Shaktikanta Das called for a ban on crypto during a recent conference, according to a Jan. 13. report from India Today. Das said that the central bank’s stance on ...
CBDCs Could Make Traditional Finance ‘More Attractive’ and Reduce Risk From Crypto, Say Central Bank Economists
Economists at the Bank for International Settlements (BIS) think central bank digital currencies (CBDCs) could “curb the demand” for crypto. In a new bulletin, BIS economists Matteo Aquilina, Jon Fros...
Russia’s Central Bank Gearing-Up on CBDC Settlement System
According to a local media Kommersant’s report, published on January 9th, 2022, in the first quarter, the Bank of Russia is planning to start developing a cross-border settlement model using the digit...
The Central Bank of Nigeria Published “Payments System Vision 2025”
Nigeria Payments System Vision 2025, the latest report from the Central Bank of Nigeria marked the necessity to create a legal framework for stablecoins. The report states that, Digital currencies bui...
Swiss Central Bank Incurs $143B Loss; Biggest Loss in 116 Years
Swiss Central bank reported a huge loss of $143 billion in the year 2022. The loss marked the greatest loss in the history of 116 years. The loss is quite alarming as the current loss has a huge diffe...
New Nigerian Central Bank Document Discusses Regulation of Stablecoins and ICOs – Bitcoin News
According to a recently unveiled document, the Nigerian central bank will in the future be open to developing a regulatory framework for potential implementations of stablecoins. The document also dis...
European Central Bank: Bitcoin Is Quickly Becoming Irrelevant
The European Central Bank has issued a statement claiming that bitcoin is on its way out and closely approaching “irrelevance.” The European Central Bank Is not a Bitcoin Fan The financial institution...
Bitcoin, Sango Coin and the Central African Republic
In the spring of 2022, the Central African Republic (CAR) became the first African country to adopt Bitcoin (BTC) as a legal tender. As the second country globally to recognize Bitcoin in such a fashi...
Head of French Central Bank Pushes for Crypto Licensing
The governor of the Bank of France is calling for stricter and more comprehensive licensing requirements for cryptocurrency companies in France given the recent turmoil in the market. The head of the ...
French central bank exec urges to license crypto firms before MiCA
In what may be a setback for a sector looking to establish its foothold in Europe, Bank of France Governor Francois Villeroy de Galhau has suggested stricter regulatory standards for cryptocurrency fi...
French Central Bank Governor Calls for Stricter Crypto Regulations Ahead of MiCA Vote ⋆ ZyCrypto
Advertisement     Bank of France Governor Francois Villeroy de Galhau has called for tougher regulatory requirements for crypto firms even as European Union Nations ch...
French Central Bank Governor calls for ‘obligatory crypto licensing’
The governor of the Bank of France, Francois Villeroy de Galhau, has called for stricter licensing rules for crypto businesses in France, noting the present unrest in the cryptocurrency markets. On 5 ...
French central banker pushes mandatory crypto firm licensing for 2023
Bank of France Governor François Villeroy de Galhau is looking to tighten the country’s grip on companies providing crypto services this year — ahead of EU-wide regulation expected to roll out in 2024...
One Official Warns Of ‘Costly Error’ If Central Bank Backs Down Too Soon
Topline The Federal Reserve on Wednesday set the stage for additional interest rate hikes in the coming months and revealed officials still aren’t convinced any rate cuts will be necessary this ...
Morocco finalized crypto regulatory framework: Central Bank
Morocco may see its first crypto bill introduced “in the following days.” The document is already written by the Central Bank and will be discussed with the industry stakeholders. Late last month, du...
Morocco’s central bank announces draft crypto law
The governor of Bank Al-Maghrib (BAM), Abdellatif Jouahiri, told the media a Moroccan draft crypto law that aims to shield people from the risks associated with cryptocurrency trading is ready. Jouhar...
Syrian Central Bank Devalues Local Currency by Nearly 50% – Economics Bitcoin News
The Syrian central bank recently announced the nearly 50% devaluation of the Syrian pound’s exchange rate versus the greenback from 3,015 per dollar to 4,522 per dollar. The central bank also warned c...
Morocco Central Bank Governor Says Crypto Draft Law Now ‘Ready’ – Bitcoin News
A Moroccan draft crypto law, which seeks to protect individuals from the risks associated with crypto trading, is ready and will soon be presented to stakeholders, Abdellatif Jouahiri, the governor of...
Retail Follows People – Enter the ‘Shadow’ Central Business Districts and Suburban ‘Instant Downtowns’
Changing demographics, central business district’s lagging retail recovery are among the forces … [+] behind a new retail “change wave.” Sanford Stein, Getty, & Hawthorn Ma...
China’s Digital Yuan Little Used, Former Central Bank Official Says – Finance Bitcoin News
Trials of the digital yuan have produced disappointing results, according to a report quoting the former head of research at the Chinese central bank. The new form of national fiat has brought no bene...
Central Bank of Turkey Reports First Payment Transactions on Digital Lira Network – Finance Bitcoin News
The Central Bank of the Republic of Turkey (CBRT) has conducted the first payment transactions on the test network of the digital lira. The monetary authority intends to proceed with more testing in 2...