The ECB released another working paper on the digital euro, providing an extensive technical analysis of a potential European CBDC and its position in the existing financial system. Issued on May 13, the working paper …
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Category: Central Bank
Quelle surprise: Central African banks scold the CAR for Bitcoin adoption
The governor of the Bank of Central African States (Banque des États de l’Afrique Centrale, BEAC) has issued a scathing letter to the Central African Republic (CAR) regarding the country’s adoption of cryptocurrencies. In a …
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Crypto Bahamas: Regulations enter critical stage as gov’t shows interest
The crypto community and Wall Street converged last week in Nassau, Bahamas, to discuss the future of digital assets during SALT’s Crypto Bahamas conference. The SkyBridge Alternatives Conference (SALT) was also co-hosted this year by …
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‘Something sure feels like it’s about to break’ — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts a new week in an uncertain place facing uncertain times — is $40,000 now resistance? The largest cryptocurrency has just closed a fourth red weekly candle in a row, something that has …
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BTC starts 2022 all over again — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts a new week and a new quarter as if it were starting the new year — at just over $46,000. In what will seem like some serious deja-vu for hodlers, BTC/USD is …
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US Senate authorizes Virginia banks to provide crypto custody services
An amendment to a bill that would allow traditional banks in Virginia to now offer virtual currency custody services was approved unanimously by the United States Senate. The bill was introduced by Christopher T. Head, …
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Crypto Twitter is not happy with the name and logo of Jamaica’s CBDC
Following a contest, the Bank of Jamaica announced the name of the upcoming central bank’s digital currency (CBDC). However, this was met by backlash from local crypto communities. The central bank of Jamaica announced on …
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Russia’s Finance Ministry introduces digital currency bill, brushes off central bank’s objections
Russia’s Ministry of Finance has upped the stakes in its drawn-out showdown against the country’s Central Bank (CBR) by formally introducing a bill that proposes to regulate digital assets rather than banning them. On Monday, …
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Clearance resisted: The Russian government is unable to establish a consistent stance regarding crypto regulation
The Russian Ministry of Finance opened public consultations about the regulations for cryptocurrency transactions and issuance on February 18. While a welcome development, it is less than the country’s crypto space had expected to get. …
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Crypto on the Olympics: NFT skis, Bitcoin bobsledders and CBDC controversy
The 2022 Winter Olympics, formally known as the XXIV Olympic Winter Video games, kicked off on Feb. 4 in Beijing with crypto being a significant a part of the occasion, partly due to the Chinese …
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Sanctions and commerce: Iran goals to develop a central financial institution digital forex
As fee strategies proceed to evolve, new improvements are enhancing monetary infrastructures which have been in use for years. Presently, central financial institution digital currencies (CBDCs) are a subject that has grabbed the eye of …
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India’s finance minister ready for consultations to resolve whether or not to ban or regulate crypto
One more assertion by a prime Indian official means that regulatory uncertainty across the standing of digital belongings within the nation will persist within the close to time period. Responding to the overall dialogue of …
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US Federal Reserve Bank appoints a new president to lead CBDC research efforts
Federal Reserve Bank of Boston or Boston Fed has chosen Susan M. Collins (University of Michigan provost) to become its president and chief executive officer. In September 2021 the seat was vacant after Eric Rosengren, …
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Vibe killers
Last week, Pakistan’s Sindh High Court held a hearing on the legal status of digital currencies that might lead an outright ban of cryptocurrency trading combined with penalties against crypto exchanges. Several days later, the …
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BIS general manager: Central banks generate trust, not big techs or “anonymous ledgers”
In a speech entitled “Digital currencies and the soul of money,” Agustín Carstens, the general manager of the Bank of International Settlements,’ criticized private stablecoins and decentralized finance (DeFi), touting central bank-led financial innovation as …
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