Central Bank Financial News

10.05 / 08:33

Africa Central Bank restrictions Nigeria upgrades CBDC as crypto restrictions cripple fintech industry

The Central Bank of Nigeria (CBN) is moving ahead with plans to upgrade the country’s central bank digital currency (CBDC) to be used on a wider range of goods and services. It is also maintaining harsh crypto restrictions that cripple the country's fintech sector.

09.05 / 11:39

Binance regulation Central Bank Binance Stops Crypto Derivatives Trading in Spain at Regulator’s Request – Report

A media outlet has claimed that the crypto exchange Binance has been forced to halt all crypto derivatives trading in Spain at the behest of the national markets regulator.

06.05 / 21:11

business CBDC Survey Central Bank 90% of surveyed central banks are exploring CBDCs — BIS

A survey conducted by the Bank for International Settlements, or BIS, suggested that many central banks around the world are looking into rolling out a central bank digital currency, or CBDC.

06.05 / 00:01

Government regulation Central Bank services El Salvador’s central bank accepts Qredo's registration to provide crypto services

Decentralized finance firm Qredo has received approval for registration as a Bitcoin (BTC) service provider in El Salvador.

04.05 / 21:15

business Federal Reserve Central Bank Bitcoin Price Fed hikes interest rates by 50 basis points in effort to combat inflation

The United States Federal Open Market Committee (FOMC) concluded two days of meetings Wednesday with a widely anticipated announcement of an interest rate hike of 50 base points, or 0.5%. It is the second of an expected seven rate adjustments this year. In March, the Federal Reserve raised its benchmark rate by 25 basis points, or 0.25%, marking the first upward adjustment since 2018.

02.05 / 11:19

markets Federal Reserve Central Bank Bitcoin week Fed ‘will determine the fate of the market’ — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week with much to make up for after its worst April performance ever.

28.04 / 06:45

Blockchain Stablecoin Central Bank Hong Kong watchdog warns stablecoins could undermine HKD in CBDC paper

The Hong Kong Monetary Authority (HKMA) has warned that stablecoins could undermine the Hong Kong dollar in a just released discussion paper about its retail central bank digital currency, e-HKD.

28.04 / 00:11

Blockchain Adoption regulation Central Bank wholesale The Philippines will launch pilot wholesale central bank digital currency project

The project will be led by an intersectoral domestic team, Diokno said, as well as “external advisers from international standard-setting bodies and multilateral institutions to build on training and knowledge sharing on CBDC development and implementation all over the world.” Diokno called the project “critical in constructing the BSP’s medium- to long-term roadmap for more advanced wholesale CBDC projects that will further strengthen the Philippine payment system.”

25.04 / 23:07

regulation Latin America Central Bank More Crypto Regulation May Be on the Way in Mexico, Suggests Central Bank Chief

The Governor of the Bank of Mexico (Banxico) has spelled out its position on crypto – and has hinted that it may seek to expand the scope of its regulation of the sector.

22.04 / 14:31

cryptocurrency regulation Central Bank restrictions Crypto users Ukrainian Central Bank’s ‘Quasi-Cash Transaction’ Restrictions Could Affect Crypto Users

Ukraine’s central bank, the National Bank of Ukraine (NBU), has placed additional restrictions on its citizens’ cross-border money and asset transfers, a measure that will affect crypto transactions.

22.04 / 12:17

Forex Central Bank Bitcoin Ukraine bans Bitcoin purchases with local currency amid martial law

The National Bank of Ukraine (NBU) continues taking measures to prevent capital outflows amid martial law by enforcing major restrictions on cryptocurrency purchases.

22.04 / 06:29

Stablecoin Central Bank Bank of England Bank of England’s PRA raises budget $31M for ‘emerging risks’ like crypto

The Bank of England’s regulatory arm has raised its budget by $31.6 million (£24.3 million) for the coming financial year saying that costs have increased due to its growing responsibilities and preparations for “emerging risks in the financial system”.

19.04 / 22:25

cryptocurrency Adoption Central Bank Quantum Simulations Predict that Merchant Crypto Adoption Could Spread in 'Cliques'

Quantum computer simulations conducted by researchers at quantum computing startup Multiverse Computing and the Bank of Canada have shown that crypto adoption among merchants can spread in “cliques of firms”, as individual firms generally base decisions on what their partners do.

18.04 / 17:55

cryptocurrency Central Bank reports No Truth in Reports that Russia’s Finance Ministry Wants Crypto to Become ‘Legal Tender’

Reports stating that the Russian Ministry of Finance now “recommends using cryptocurrencies as legal tender” appear to be very wide of the mark.

18.04 / 14:25

economics inflation Central Bank Why We Can’t Just ‘Stop Printing Money’ to Get Inflation Down

Jacqueline Best, Professor, School of Political Studies, the University of Ottawa.__________

15.04 / 17:09

cryptocurrency Latin America Central Bank Brazilian Parliament Heading for Key Vote on Crypto Regulation Bill

An ambitious private member’s bill that seeks to regulate the Brazilian crypto market could be approved by the National Congress before the end of the first half of this year – with MPs set for a key vote on Tuesday next week.

14.04 / 18:07

economics Central Bank ECB Bitcoin Bitcoin Fluctuates as European Central Bank Offers Cautious Tone on Monetary Policy Tightening

The European Central Bank (ECB) said it will stick to its plan to end its stimulus program and tighten monetary policy, but kept options open in light of uncertainty over the economic impact of the war in Ukraine. Bitcoin (BTC) reacted by moving slightly higher on the news before correcting lower.

13.04 / 15:47

regulation privacy Central Bank Central Banks Struggle With Privacy-related CBDC Headaches

As a number of countries across the globe are working on developing their respective central bank digital currencies (CBDCs), ensuring a separation between identity and transaction data could produce a better environment for privacy protection and could lead to public confidence and trust in using CBDCs, according to a recent paper released by the Bank for International Settlements (BIS).

09.04 / 00:29

Adoption regulation Central Bank ECB digital euro Executive ECB executive board member talks about current state of digital euro CBDC research

European Central Bank executive board member Fabio Panetta provided an overview of the central bank’s current research on a retail central bank digital currency Friday when he spoke at the IESE Business School Banking Initiative Conference on Technology and Finance. Panetta said the issuance of central bank digital currencies, or CBDCs, is “likely to become a necessity,” but warned that “they should not become a source of financial disruption that could impair the transmission of monetary policy in the euro area.”

06.04 / 18:25

privacy Central Bank European Commission digital euro Here's How You Can Help Shape Digital Euro

Amid an intensification in the European Union’s crypto-focused legislative efforts, the European Commission has launched a new consultation on its digital euro central bank digital currency (CBDC) project. The procedure will allow interested stakeholders who want to help shape a digital euro to voice their opinion to Brussels, with privacy concerns likely to rank as one of the leading topics.

06.04 / 17:39

markets Central Bank Bitcoin Bitcoin Price Bitcoin slides below $44K in April first as trader warns 'something is off' with BTC

Bitcoin (BTC) continued its downturn into Wednesday's Wall Street open with its first test of $44,000 since the start of April.

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