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Tag: central
CBDC Adoption Increasing Efforts of Nigerian Central Bank; Caps Over Withdrawal
The world is going digital and many countries all around are seeking to lead the race. Some countries amidst these top contenders took advantage of starting early. Nigeria is among such players who in...
Jameson Taillon Joins Chicago Cubs, Strengthening Their Case For The NL Central
NEW YORK, NEW YORK – APRIL 11: Jameson Taillon #50 of the New York Yankees walks off the field … [+] after the first inning against the Toronto Blue Jays at Yankee Stadium on April 11, 202...
Data From October Shows Gold Reserves Held by Central Banks Tapped the Highest Level in 47 Years – Bitcoin News
Following the World Gold Council’s (WGC) third-quarter report that shows central banks purchased a record amount of gold, data released by the WGC shows that central banks are buying more gold during ...
Central Bank of Indonesia Gears Up for Launch of Digital Rupiah
Under “Project Garuda” Indonesia is pushing further its plans for central bank digital currency (CBDC) – Digital Rupiah -starting with transactions among local banks. Last week, the central bank of In...
India’s Central Bank Digital Currency Should Be Able to Do Anything Cryptocurrency Can Do With No Risk, Official Claims – Regulation Bitcoin News
An Indian central bank official claims that if there is anything cryptocurrencies like bitcoin and ether can do, the Reserve Bank of India (RBI) should be able to create a product that will do the sam...
Central bank plans to make CBDC ‘only legal digital tender’ in Indonesia, says gov
Bank of Indonesia Governor Perry Warjiyo has announced developments in its plans to launch a central bank digital currency, or CBDC, for “various digital economic and financial transactions.” In a Dec...
Central Banks Around the World Will Adopt Bitcoin As Reserve Asset, Says BTC Bull Mark Yusko
A prominent Bitcoin (BTC) bull says that central banks around the world will eventually adopt the king crypto as a reserve asset. In a recent interview with Stansberry Research, veteran hedge fund man...
Bitcoin Is A Polluter, Claims European Central Bank Officials
According to the Director General of the European Central Bank and his advisor, Bitcoin is headed towards becoming ‘irrelevant’ soon. In a recent blog post, they questioned the value that Bitcoin has...
Hong Kong working on investor protection regulations, says central bank exec
Central bank governors from around the globe are currently in Thailand to discuss the role of central banks amid evolving financial technology. The conference is jointly hosted by the Bank of Thailand...
Bitcoin on ‘Road to Irrelevance,’ European Central Bank Says
Just more than a year ago, on Nov. 10, 2021, the value of one bitcoin reached its all-time high at more than $68,000. That was after 10 months of strong gains, as it had started 2021 in the $30,000 ra...
India launches first central bank digital currency
India launched the e-Rupee in four cities, New Delhi, Bengaluru, Mumbai and Bhubaneswar. This Central Bank Digital Currency (CBDC) is a digital form of cash for retail transactions. Bank of India, Yes...
Central Bank Executive Says Hong Kong Working On Investor Protection Measures
The chief executive officer of the central bank in Hong Kong seemed to have an optimistic perspective on the future of decentralized technology in the wake of the current crypto pandemic; nevertheless...
European Central Bank says Bitcoin is dead
The European Central Bank is painting a very pessimistic outlook for Bitcoin (BTC/USD), noting that the flagship cryptocurrency is now at its “last stand” and could be on its way to “irrelevance.” As ...
European Central Bank is in a critical phase in the inflation fight with possible rate hikes
The European Central Bank is set to embark on a critical chapter in its inflation fight, likely to usher in more divisive monetary policy moves. Interest rate hikes to be coupled with a lever for tigh...
European Central Bank says crypto is dead, but is it?
The European Central Bank (ECB) has released its strongest bearish statement on crypto to date. In a blog post on its website, the bank chastises the EU Commission for legitimizing the industry with n...
Indonesia Wants to Counter ‘Shadow Central Banking’ With CBDC
In Indonesia, the central bank has formally laid out plans for a central bank digital currency (CBDC), pitched to combat what it calls rising “cryptoization” of the country’s digital economy. Bank Ind...
Indonesia Central Bank All-Set to Launch Digital Rupiah
34 mins ago | 2 mins read Bitcoin News Indonesia’s Central Bank on Wednesday revealed a planned white paper for a digital rupiah currency that will utilize blockchain technology as the country experie...
European Central Bank Issues Major Warning About Bitcoin
Alex Dovbnya World’s largest cryptocurrency is already on path to irrelevance, according to European Central Bank (ECB) In a recently published blog post, Ulrich Bindseil, director general of ma...
Yes! The European Central Bank Gets This Right About Bitcoin!
European central bankers, on brand as ever, have shared a tersely worded cope-memo decrying bitcoin and its dastardly ways — and inadvertently made the case for never regulating it. The essay doubles ...
European Central Bank blasts Bitcoin —community responds
In light of the recent FTX collapse and liquidity scandal, regulators in the European Union have joined other global lawmakers in a push for more clear guidelines and regulations on cryptos. The Europ...
European Central Bank Berates Bitcoin Says it is On ‘The Road To Irrelevance’
– Advertisement – The ECB asserts that Bitcoin has failed to live up to the hype, but the crypto community is not buying it. The European Central Bank has asserted that Bitcoin is standing...
Bitcoin is on the ‘road to irrelevance’ warns European Central Bank
Officials from the European Central Bank (ECB) have made a firm rejection of Bitcoin (BTC) by labelling the digital asset as inappropriate both as a payment mechanism and as an investment vehicle amid...
European Central Bank says bitcoin is on the ‘road to irrelevance’
The bitcoin logo displayed on a smartphone with euro banknotes in the backgrouund. Andrea Ronchini | NurPhoto via Getty Images The European Central Bank gave a strong critique of bitcoin on Wednesday,...
Central Banks and Bitcoin: Closer Than You Think
I used to think the adoption of bitcoin by central banks for their reserves would happen soon, given the urgent need in some pockets of the global economy – now I realize that getting regulators comfo...
New Naira Banknotes to Make Monetary Policy More Effective — Nigerian Central Bank Governor – Economics Bitcoin News
The Central Bank of Nigeria governor, Godwin Emefiele, has said the newly designed naira banknotes are set to enhance the effectiveness of the organization’s monetary policy and bolster the financial ...
Harvard Research Paper Tells Governments And Central Banks To Hold Bitcoin ⋆ ZyCrypto
Advertisement     A Harvard paper has urged central banks to hold Bitcoin as a way to circumnavigate sanctions. Only El Salvador has elevated Bitcoin to a national cur...
Central banks could leverage stablecoins as a shortcut, according to a New York Fed advisor – crypto.news
Central Banks could just opt to use stablecoins instead of developing their own central bank digital currencies (CBDCs), according to one Federal Reserve research advisor. New York Federal Reserve res...
Central banks can use Bitcoin to fight off sanctions: Harvard research
A research paper published at Harvard university highlighted how central banks can use Bitcoin (BTC) to hedge against financial sanctions from fiat reserve issuers. A working paper, titled “Hedging S...
Japan Kicks Off Central Bank Digital Currency Experiment
Japan’s central bank has started planning a central bank digital currency (CBDC) experiment with the country’s major financial players, according to a major newspaper report today. The Bank of Japan ...
Stablecoins could offer central banks a shortcut, says New York Fed advisor
Stablecoins could offer central banks a shortcut to having their own digital currencies, a New York Federal Reserve advisor said at an event in London on Tuesday. “Instead of issuing a retail [...