Central Bank Financial News

06.01 / 18:41

Adoption Central Bank WeChat Winter Olympics WeChat Pay Interoperability is Another Key Breakthrough for Digital Yuan Pilot

Payment platform WeChat Pay began its own digital yuan journey, at the time when millions of Chinese citizens are getting their first taste of what life is like with a central bank digital currency (CBDC) – as citizens in some of the country's biggest cities began using a pilot version of a CBDC app.

05.01 / 16:51

CBDC Central Bank banking Polish Banks Mull CBDC, Cryptoasset Projects

Poland’s central bank (Narodowy Bank Polski, NBP) and the country’s largest retail bank seem to be accelerating their respective works on developing digital assets - with the former potentially working on a central bank digital currency (CBDC), and the latter possibly moving to launch its own crypto.

04.01 / 11:59

CBDC wallet Central Bank Chinese Central Bank’s Digital Yuan App Hits Apple, Android Stores

China’s digital yuan is inching ever closer to rollout – with a pilot version of a central bank-issued app and wallet released on Apple and Android app stores in the country.

03.01 / 13:01

Government Adoption Central Bank Bank of Jamaica completes first CBDC pilot

The Bank of Jamaica (BoJ) has successfully completed its first central bank digital currency (CBDC), targeting a national rollout in the first quarter of 2022.

31.12 / 20:09

regulation Central Bank Bitcoin El Salvador Bitcoin App Should Have Been Audited Long Ago, Claims Ex-Central Bank Chief

A former Governor of the central bank of El Salvador has claimed that the state-run Chivo bitcoin (BTC) app would have already been shut down by regulators if it were a private company.

30.12 / 16:37

Adoption Central Bank Bitcoin 2024 Mexico confirms plans to roll out CBDCs in 2024

Mexico has announced that it would introduce a new national central bank digital currency (CBDC) in 2024, according to a tweet posted on Thursday. The tweet by an account representing the Mexican presidency highlighted that "new technologies and next-generation payment infrastructure" will help Mexico become more financially inclusive.

27.12 / 15:45

economics Federal Reserve Central Bank Reserve What is the Fed taper? This Is How the Federal Reserve Withdraws Stimulus

Edouard Wemy, Assistant Professor of Economics, Clark University._____

23.12 / 14:03

cryptocurrency regulation Central Bank crypto law No Progress on Russian Crypto Law until February 2022 at the Earliest, Says Duma Chief

Those hoping to see crypto regulations roll out in Russia will need to wait until at least February next year to see what any draft legislation might look like, per a key parliamentarian.

21.12 / 22:07

cryptocurrency Central Bank Bitcoin Russia Still No Closer to Regulating Crypto Despite Central Bank ‘Concession’

Russia’s staunchly anti-crypto Central Bank has spelled out its “vision” for crypto regulation – but the painfully slow process of formulating a regulatory framework appears to be frustrating even the parliamentarian charged with creating legislation for the sector.

21.12 / 06:54

economics Federal Reserve Central Bank ECB Inflation Is the Biggest Test Yet for Central Bank Independence

Anton Muscatelli, Principal and Vice-Chancellor, University of Glasgow.

17.12 / 19:33

regulation Ban Central Bank Bank of Russia governor: Banning crypto in Russia is 'quite doable'

In a Friday press conference, Central Bank of Russia governor Elvira Nabiullina further escalated the fear, uncertainty, and doubt (FUD) surrounding the state of crypto regulation in the country. When asked about the rise of digital assets, Nabiullina gave the following remarks, as reported by local news outlet finmarket.ru and translated by Cointelegraph:

16.12 / 19:33

business Government Central Bank reports Kazakhstan's central bank reports results on CBDC pilot project

Kazakhstan, the country behind one of the largest sources of Bitcoin mining hash power, has released the results of a pilot program for its digital tenge.

16.12 / 13:53

cryptocurrency regulation Central Bank regulatory Aussie Regulatory Body Backs Government’s Plan to Regulate Crypto

In a bid to develop new regulations for cryptocurrencies and other digital assets, Australia’s regulators - acting through their joint body, the Council of Financial Regulators (CFR) - have released a statement in which they embrace the government’s plan to implement a payments and crypto-asset reform.

16.12 / 13:31

regulation Central Bank Bitcoin Thailand to define ‘red lines‘ for crypto in early 2022

The government of Thailand is preparing a new regulatory framework for cryptocurrencies like Bitcoin (BTC) in order to minimize risks and improve investor protection.

14.12 / 13:17

cryptocurrency regulation Central Bank Russia to Ban Funds from Crypto Investment, Experts Warn of ‘Blurry’ Legal Status

The Russian Central Bank has moved to bar financial firms in the country from engaging with crypto-related mutual funds.

11.12 / 00:22

regulation Central Bank Framework Financial South Africa's financial regulator plans to introduce framework aimed at protecting vulnerable crypto investors: report

Unathi Kamlana, the commissioner of South Africa’s Financial Sector Conduct Authority has reportedly said the government’s rollout of a crypto framework would be aimed at mitigating any potential risks.

08.12 / 06:39

regulation Central Bank NOT Central bank tells Thai banks not to offer crypto trading

The Bank of Thailand has stated that it does not want commercial banks to be directly involved in the trading of crypto assets.

07.12 / 15:43

regulation Central Bank Prison Time Crypto Violators May Face Prison Time Under India’s New Proposal - Report

The Indian government is reportedly considering appointing a new regulator specifically to oversee the cryptocurrency space, while also saying those who violate regulations could face fines of up to USD 2.7m or 1.5 years in prison.

02.12 / 10:13

Adoption us government Banks Central Bank Lummis says Fed is 'violating the law' with Wyoming blockchain bank delays

Republican senator for Wyoming Cynthia Lummis has argued that the Federal Reserve is “violating the law” by delaying the processing of applications from crypto-native banks to receive accounts at the central bank.

30.11 / 15:19

Adoption Central Bank Bitcoin CBDC is a tool to combat Bitcoin, says Bank of Indonesia exec

Central bank digital currencies (CBDC), digital versions of national currencies introduced in response to growing cryptocurrency adoption, would be an essential tool for combating crypto, according to the Bank of Indonesia.

26.11 / 21:33

business Africa Central Bank Tanzania reportedly makes plans to launch CBDC

The Bank of Tanzania is reportedly planning to introduce a central bank digital currency, or CBDC, for the African nation after neighboring countries announced similar initiatives.

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