The National Bank of Ukraine presented to representatives of banks, non- banking financial institutions, and the virtual assets market for discussion of the project of the concept of e-hryvnia. The National Bank of Ukraine (NBU) has unveiled a concept for its prospective digital hryvnia (e-hryvnia) central bank digital currency (CBDC). On November 28, the central bank […] The post...
Elizabeth Warren’s WSJ op-ed, which correlated the fall of the FTX to crypto ruining the entire economy, did not go unnoticed by the online crypto community. Since the situation started to fall apart days before it filed for bankruptcy on November 11, the collapse of former crypto exchange FTX has left the entire sector in […] The post U.S Sen....
Even though MAS is getting ready to test digital currency, it said that the case for a central bank digital currency (CBDC) for retail is "not compelling for now." Analysts say that many Singaporean investors may not be interested in retail CBDCs. Instead, they may want to buy cryptocurrencies. Singapore's central bank said on Monday […] The post...
According to the central banks involved, a project to test a central bank digital currency (CBDC) in four places in Asia and the Middle East has shown that they can speed up and improve cross-border payments. Project mBridge was a pilot program that included commercial and central banks from China, Hong Kong, Thailand, and the […] The post...
Crypto prices immediately came crashing down after Federal Reserve Chairman Jerome Powell announced they are increasing interest rates during an economic summit on September 21. Now, in a not-so-delayed reaction, the United Nations is calling on the U.S. central bank and other large western regulators not to continue raising their interest rates, a UN agency says. The Fed and other central banks worldwide...
Amazon, the American multinational technology company, has been chosen by the European Central Bank (ECB) alongside four other companies to provide assistance in developing user interfaces intended for a digital Euro. Regarded as one of the most influential economic and cultural forces in the world, Amazon will help in putting up interfaces that focus on e-commerce payments. ECB has also partnered with Caixabank...
Using the central bank’s fintech digital sandbox to trial bitcoin payment solutions, OpenNode will bring BTC payments to the island kingdom for the first time.OpenNode is trialing a scalable bitcoin payments solution with the Central Bank of Bahrain. The central bank has a sandbox application where payments can be tested, specifically designed for fintech solutions.OpenNode intends to...
The fiat system is a walled garden surrounded by armed guards. Bitcoin penetrates and dissolves these walls, and helps humanity flourish in the process.This is an opinion editorial by Andrew Keir, an author of a daily newsletter, where he dives deeply into the transformational nature of Bitcoin.The concept of a walled garden is not a new one; they have been around...
Despite acknowledging that cryptocurrencies have the potential to enhance domestic and international payments, the Philippines central bank continues to oppose the use of cryptocurrencies as legal money. The Philippines central bank is looking for ways to better safeguard investors amid the country's growing cryptocurrency usage by raising local crypto understanding. According to a BSP spokesman, […] The post...
The central bank stated virtual asset service providers pose a great risk but will allow existing businesses to continue operations or expand.The central bank of the Philippines will not accept applications from virtual asset service providers for three years.The bank claims the institutions pose varied risk to financial stability.Previously existing service providers can still expand...
Bitcoin is set to enjoy adoption in the Central African Republic as a reserve asset.
The Central Bank of Sri Lanka, or CBSL, has cautioned the public against buying cryptocurrencies due to a lack of regulatory monitoring at a time of economic and political upheaval. Sri Lanka Maintain "Crypto Is Illegal" Stance A public awareness notice was released by Sri Lanka's central bank on July 12 in response to...
Sri Lanka has issued a notice regarding the stance of cryptocurrency warning citizens against it. Amidst an economic turmoil and a political chaos, the Central Bank of Sri Lanka (CBSL) mentioned that crypto remains "largely unregulated". This notice was recently issued in the wake of "recent developments in relation...
The head of Russia’s central bank recently discussed that using bitcoin and other cryptocurrencies for international settlement is a possibility.The Central Bank of Russian Federation recently discussed using bitcoin and other cryptocurrencies for international settlement.Currently, the central bank holds that Russia should only use the assets for international settlement, not within Russia....
A senior official from the Central Bank of the Russian Federation said it is open to using bitcoin and other cryptocurrencies for international payments.The central bank of Russia is open to allowing the use of bitcoin and other cryptocurrencies for international payments.A senior official for the bank explained that it still believes that risk for Russia could be “reasonably large.”...
El Salvador hosted a financial inclusion event this week bringing representatives from 44 countries to experience using BTC at Bitcoin Beach.El Salvador hosted central bankers and financial authorities from 44 countries for a financial inclusion event this week.All participating members were able to download their own Bitcoin wallets and make purchases with BTC. In July 1944, 44...
The Senate has confirmed Jerome Powell to serve another four-year term as the leader of the Federal Reserve. As chairman of the Federal Open Market Committee, the Fed's monetary policymaking...
The ban comes just a few days after Argentina’s largest private bank announced it would start offering bitcoin to clients.The central bank of Argentina has banned financial institutions from offering any services involving cryptocurrencies like bitcoin. The ban comes days after the largest private bank in Argentina announced it would begin offering such services to its clients. An...
A few days after two banks announced crypto trading services, Argentina's central bank banned local banks from offering such facilities.
The Federal Reserve raised rates by 50 basis points on Wednesday in its latest attempt to curb inflation in the U.S.The U.S. Federal Reserve (Fed) has raised interest rates by 50 basis points in its largest hike since 2000.Bitcoin briefly touched $40,000 after the Fed released its new monetary policy guidelines....
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