Central Bank Financial News

05.04 / 22:31

regulation Central Bank Bitcoin Georgian central bank prepares legislation to regulate the crypto market

Georgia, the country on the Black Sea, is preparing to regulate its cryptocurrency market. National Bank of Georgia Governor Koba Gvenetadze told The Financial on Monday that the central bank has already developed draft regulatory legislation in accordance with the requirements of international agencies.

05.04 / 20:09

Forecast economics inflation Central Bank ‘New Inflationary Era’ Upon Us, Central Bank Action Will be Unpopular – BIS’ Carstens Warns

The return to inflation in the world means that real interest rates need to rise into positive territory, but with historically high levels of debt, such a move by central banks will not be popular, the Bank for International Settlements’ (BIS) head Agustín Carstens warned.

30.03 / 19:57

economy Central Bank Interest rates Bitcoin Standard Why the rise of a Bitcoin standard could deter war-making

Alex Gladstein, the CSO at the Human Rights Foundation, says that if Bitcoin was adopted as a global reserve currency, nation-states would be less incentivized to start wars.

29.03 / 18:05

Ban Africa Central Bank Military With inflation going through the roof, Sudan’s central bank cautions citizens against using crypto

The Central Bank of Sudan (CBOS) cautioned the country’s citizens against dealing with “all types of cryptocurrencies” due to “the high risks” that they pose. This announcement came as a reaction to the increasing interest in digital assets among the country’s population, which has been facing three-digit inflation rates since the 2021 military coup.

29.03 / 16:17

regulation Central Bank Framework Vietnamese deputy PM calls for building legal framework for digital assets

Le Minh Khai, the deputy prime minister of Vietnam has issued a notification to the finance ministry, asking them to explore and amend laws to build a legal framework for the digital asset market.

28.03 / 20:17

cryptocurrency Central Bank Bitcoin Russia Looks to Bolster its Bitcoin & Crypto Mining Industry Amid War in Ukraine

Russia appears keen to foster its Bitcoin (BTC) and crypto mining sector – and appears to have assured miners that sanctions, imposed due to Russia's invasion of Ukraine, will not impede their ability to continue mining tokens. However, the long legal struggle for legalization is continuing – despite the intervention of some of the nation’s most senior politicians.

24.03 / 01:49

Latin America Central Bank Bitcoin NOT Bitcoin is 'not regulated' — Honduras' central bank pushes back against legal tender rumors

The Central Bank of Honduras, or BCH, addressed rumors regarding the country potentially adopting Bitcoin as legal tender like its neighbor El Salvador — and the answer seems to be negative.

23.03 / 00:37

regulation Central Bank Warning Ireland’s central bank follows UK's example in warning of crypto advertisements

The Central Bank of Ireland issued a warning to consumers about the risks around crypto investments in addition to “misleading” advertisements, including those pushed by influencers on social media.

22.03 / 13:34

business Blockchain CBDC Central Bank International BIS joint pilot: Institutions can use CBDCs for international settlements

Bank of International Settlement (BIS) Innovation Hub has completed an experimental central bank digital currency (CBDC) platform pilot for international settlement with the central banks of Australia, Malaysia, Singapore and South Africa.

21.03 / 15:53

cryptocurrency Adoption Central Bank Malaysian Ministry Suggests Making Crypto Legal Tender To Promote It Among Youth

In a bid to enhance the financial inclusion of young people, the Malaysian Ministry of Communications and Multimedia has proposed to the country’s authorities to designate cryptoassets as Malaysia’s legal tender.

18.03 / 17:15

regulation Banks Central Bank Central Bank of Russia tightens P2P transactions monitoring, including those in crypto

The Central Bank of Russia (CBR) recommended that the nation’s commercial banks ramp up monitoring users’ transactions that could be aimed at circumventing CBR’s “special economic measures to counter the outflow of foreign currency abroad,” local media reported on Thursday. The recommendation includes closer oversight over crypto trading, which is named among the vehicles for withdrawing capital from Russia.

18.03 / 00:13

Blockchain Banks Central Bank Central Bank of Russia issues digital asset license to Sberbank in apparent policy reversal

Less than two weeks after the Central Bank of Russia, or CBR, reiterated its position proposing to ban the issuance, mining and circulation of cryptocurrencies in Russia, it appears to have reevaluated its policy. In a press release published on Thursday, the CBR added the country’s biggest lender, Sberbank, to its register of information system operators for digital financial assets. As reported by local news outlet Tass, the CBR stated:

17.03 / 16:05

regulation economy Central Bank Friend Russia’s Central Bank Goes to War. Is Cryptocurrency a Friend or Foe?

In January 2022, the Central Bank of Russia (CBR) proposed a number of measures aimed at curtailing the country’s cryptocurrency market, which included a blanket ban on the use and mining of all cryptocurrencies. It pointed out risks posed by the volatile nature of cryptocurrencies to the financial stability of the country, the extensive use of crypto in illegal activity and the energy costs involved in crypto mining. However, the utility of blockchain technology didn’t escape the CBR. The following month, it announced that it had started the pilot stage of the digital ruble, its planned central bank digital currency (CBDC).

16.03 / 18:50

Central Bank Russia Sanctions May Lead More Countries To Consider CBDCs, Ex-Central Banker Says

Sanctions imposed on Russia as a result of its war in Ukraine could lead more countries to consider digital versions of their own currencies – known as central bank digital currencies (CBDCs) – as a counterweight to the dominant role of the US dollar, a former Bank of Japan (BOJ) executive has said.

16.03 / 17:41

markets Central Bank Bitcoin Bitcoin Price peace BTC price cracks $41K as hopes of peace in Eastern Europe send Bitcoin higher

Bitcoin (BTC) returned above $41,000 prior to the Wall Street open on March 16 as good news from Asia and Russia buoyed stocks.

15.03 / 14:59

Binance Central Bank Binance, FTX Expand To Arab Gulf States With New Licenses

Major exchanges are intensifying their efforts to gain a foothold in the Arab Gulf States, and the regulators there seem to be more welcoming these days -- specifically, Binancehas secured a license to operate as a cryptoasset service provider in Bahrain, while its rival FTX recently received a digital asset exchange license in the United Arab Emirates.

11.03 / 00:59

CBDC Digital Platform Central Bank Caribbean CBDC Functional Again After Two-Month Outage

A digital version of the Eastern Caribbean dollar (XCD) known as DCash is working again as of Wednesday, after being down for almost two months due to a technical glitch.

10.03 / 16:59

economics inflation Central Bank US Inflation for February Hits 7.9%, ECB Slows Asset Purchases

US inflation numbers hit 7.9% in February, up from 7.5% the month before, and in line with expectations. Bitcoin (BTC) immediately jumped higher on the news, before later reversing lower again.

08.03 / 16:51

Blockchain Adoption Central Bank The Philippines to launch pilot CBDC implementation

As the world of finance continues to transform, new forms of money are challenging traditional monetary infrastructures that have been around for a long time. Currently, central bank digital currencies (CBDCs) have caught the eye of various countries, including the Philippines.

04.03 / 18:29

cryptocurrency Central Bank Russian Ruling Party Says Crypto Regulation Will Safeguard ‘Millions of Citizens’

United Russia, the nation’s ruling party, says that some 12% of the population uses or interacts with crypto – and senior political figures stated that it will protect crypto holders with its forthcoming regulations.

03.03 / 22:08

cryptocurrency Charity Central Bank crypto donations Crypto Payments Firm CoinGate Partners with Ukraine Central Bank and IBS to Enable More Crypto Donations

The Lithuania-based crypto payments processor CoinGate has teamed up with the National Bank of Ukraine (NBU) – the country’s central bank – and the international payments firm International Business Settlement (IBS) to allow crypto users to donate money to Ukraine’s Armed Forces using more than 70 cryptoassets.

frequently asked questions about Central Bank

What is Central Bank and why is it relevant?

Central Bank is a trending topic that draws public attention. On our site, we regularly publish updates related to this subject.

Where can I find the latest updates on Central Bank?

All recent news about Central Bank can be found in the highlighted block. We publish information regularly.

How can I verify the accuracy of information on Central Bank?

We use verified data to ensure that the information about Central Bank is accurate and informative for our readers.