Central Bank Financial News

30.12 / 06:53

Adoption Digital Currency Central Bank Former Chinese central banker says digital yuan ‘usage has been low’

A former official of the People’s Bank of China (PBOC), the country’s central bank, has expressed disappointment that China’s digital yuan is seeing little use.

28.12 / 10:11

Adoption regulation Central Bank boost China’s CBDC wallet resorts to ages-old tradition to boost adoption

China’s wallet app for its digital yuan central bank digital currency (CBDC) introduced a feature for users to send money in an electronic version of traditional “red packets” to try to attract new users.

27.12 / 14:33

business regulation SEC Central Bank Philippine SEC warns against unlicensed crypto exchanges amid FTX collapse

After the height of the FTX collapse, the Philippine government warned investors within the country about using unlicensed crypto exchanges.

23.12 / 11:29

CBDC regulation Central Bank Bitcoin How crypto could be good for CBDC and vice versa: Industry exec explains

Cryptocurrencies like Bitcoin (BTC) could potentially find some mutually beneficial interactions with central bank digital currencies (CBDCs), according to one industry executive.

22.12 / 13:53

CBDC regulation Central Bank Indian Financial 'Don't Regulate - Ban Crypto Before It Triggers Financial Crisis', Indian Central Bank Head Says

The governor of the Reserve Bank of India (RBI), Shaktikanta Das, suggested that cryptocurrencies should not be regulated - they should be banned altogether, lest they lead to the next financial crisis.

22.12 / 05:23

regulation Central Bank Financial Crypto could spark the next financial crisis, says India’s RBI head

The governor of the Reserve Bank of India (RBI), Shaktikanta Das, did not mince his words when discussing the crypto sector at a recent conference, asserting that “private” crypto will be behind the next financial crisis.

21.12 / 22:23

Adoption Central Bank ECB Euro digital euro settlement Digital euro settlement, distribution options detailed in latest progress report

Progress continues on the creation of a digital euro, and the European Central Bank (ECB) has documented it in a second progress report that described design and distribution options recently approved by its governing council. The report considered four crucial issues, roughly in keeping with the timeline the ECB set for itself that tentatively culminates in a decision on whether to transition from the investigation to the realization phase of work in Q3 2023.

17.12 / 19:29

Stablecoin Adoption regulation Central Bank Central Banks to set standards on banks’ crypto exposure - BIS

A global standard for banks' exposure to crypto assets has been endorsed by the Group of Central Bank Governors and Heads of Supervision (GHOS) of the Bank for International Settlements (BIS). The standard, which sets a limit of 2% on crypto reserves among banks, must be implemented on January 1, 2025, according to an official announcement on Dec. 16.

16.12 / 01:29

Law regulation Central Bank services NOT dutch Dutch central bank says KuCoin is not licensed and 'illegally offering services'

The central bank of the Netherlands, De Nederlandsche Bank, has issued a warning to investors in KuCoin, saying the exchange was operating without legal registration.

12.12 / 08:47

Adoption Central Bank Bank of England Bank of England opens applications for 'proof of concept' CBDC wallet

The Bank of England (BOE) is seeking a “proof of concept” for a wallet that will be able to hold a Central Bank Digital Currency (CBDC).

09.12 / 00:57

CBDC Adoption Central Bank Cross-border NOT DMI finds CBDCs not targeting cross-border payments, huge potential in Metaverse

Central bank digital currency (CBDC) development aims squarely at inclusion, both for the central bank in the national economy and for the people it serves. Meanwhile, the technology for cross-border payments is being developed elsewhere for the most part, according to a new report on the payments industry.

08.12 / 09:51

CBDC Adoption Central Bank wholesale Spain’s central bank to experiment with wholesale CBDCs

Spain’s central bank, the Bank of Spain (BDE) said it intends to launch an experimental program to begin testing wholesale Central Bank Digital Currencies (CDBCs) and is seeking collaboration proposals from local finance and technology institutions.

07.12 / 06:11

Adoption Central Bank ATM Withdrawals week Nigeria bans ATM cash withdrawals over $225 a week to force use of CBDC

Nigeria has drastically reduced the amount of cash individuals and businesses can withdraw as it attempts to push its “cash-less Nigeria” policy and increase the use of the eNaira — Nigeria’s Central Bank Digital Currency (CBDC).

06.12 / 17:21

Stablecoin CBDC Adoption Central Bank The impact of CBDCs on stablecoins with Bitget's Gracy Chen

For over 14 years, central banks worldwide have seen blockchain technology deliver highly secure, immutable, verifiable and transparent financial ecosystems, starting with the Bitcoin network. Central bank digital currencies (CBDCs) stood out as one of the ways for fiat currency to harness a part of what cryptocurrencies achieve today.

05.12 / 23:15

business CBDC Central Bank 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.”

30.11 / 15:35

cryptocurrency Central Bank banking National Cross-border National Bank of Ukraine is Looking at CBDCs for Retail Payments, Cross-Border Transactions, and Crypto Trading

Ukraine is continuing the work on its digital hryvnia, or e-hryvnia, despite the ongoing aggression by Russia.

29.11 / 13:33

Government Blockchain Central Bank National National Bank of Ukraine releases draft concept for digital hryvnia

The National Bank of Ukraine (NBU) has introduced a draft concept for its central bank digital currency (CBDC) candidate digital hryvnia, or e-hryvnia.

24.11 / 11:29

Government Law Central Bank Russia intends to launch a ‘national crypto exchange’

Russian lawmakers are working on amendments to launch a national crypto exchange. This effort is reportedly supported both by the Ministry of Finance and the Central Bank of Russia which have a long history of disagreement over crypto regulation in the country.

23.11 / 16:29

business Adoption Central Bank Bank of Japan to trial digital yen with three megabanks

Despite Japan’s uncertainty on whether to issue a central bank digital currency (CBDC), the Bank of Japan (BoJ) continues experimenting with a potential digital yen.

23.11 / 12:53

regulation Central Bank sanctions Bitcoin 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.

23.11 / 01:11

Binance regulation Central Bank Singapore central bank explains why Binance was on its alert list, but FTX wasn’t

The Monetary Authority of Singapore (MAS), the country’s central bank, released a statement Nov. 21 to address “some questions and misconceptions that have arisen in the wake of the FTX.com (FTX) debacle.”

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