Central Bank Financial News

26.11 / 16:09

CBDC exchanges Central Bank Chinese Central Gov’t Wants to Create ‘Digital Asset Exchanges’ as CBDC Nears

China’s policy-forming State Council has announced that it wants the nation to launch Beijing-based digital asset exchanges to power the adoption of its forthcoming central bank digital currency (CBDC) project, the digital yuan.

19.11 / 22:23

Adoption regulation Central Bank NOT A US Fed Governor Argues That Stablecoins Scaling Fast is Not a Concern

There is no reason to worry about fast-growing stablecoins if “sufficient competition” exists both within the industry and outside of it, a governor of the US Federal Reserve suggested in a speech this week.

18.11 / 18:39

regulation transactions Central Bank Bank of Russia plans to take fees for CBDC transactions: Report

The Russian central bank continues to disclose more details about its upcoming digital currency and is now reportedly planning to take commissions for the digital ruble transactions.

18.11 / 16:02

Central Bank Bitcoin Modi Says Bitcoin in the ‘Wrong Hands’ Can ‘Spoil Our Youth’ as India Readies a CBDC

The world of crypto has been left bemused (and in some cases thoroughly amused) by unexpected comments made on bitcoin (BTC) and crypto regulation from the Indian Prime Minister Narendra Modi.

17.11 / 16:43

regulation inflation Central Bank Ruble NOT Digital ruble should not affect inflation, Bank of Russia says

The Bank of Russia will only fully adopt a central bank digital currency (CBDC) if the digital ruble meets several conditions within pilot tests, governor Elvira Nabiullina said.

16.11 / 20:23

cryptocurrency regulation Central Bank MPs Russian MPs Want Central Bank to ‘Consider Crypto’s Spread’

Russian lawmakers and regulators are pressing for crypto change, but will likely have to contend against a familiar foe in all things crypto-related in the country – the staunchly anti-crypto Central Bank.

16.11 / 14:41

Forecast economics Central Bank banking Interest Rates: Why the Era of Cheap Money Is Finally Ending

John Whittaker, Senior Teaching Fellow in Economics, Lancaster University.____

16.11 / 08:31

Adoption Banks Central Bank Bank of England Threat financial stability Financial Crypto poses imminent threat to financial stability: Bank of England Deputy Governor

Sir Jon Cunliffe, the Deputy Governor for Financial Stability at the Bank of England (BoE) crypto may pose an imminent threat to the traditional financial system.

11.11 / 13:05

regulation Central Bank Bitcoin tracking Customer Nigerian banks tracking customer accounts for crypto trading

In Nigeria, commercial banks have begun monitoring accounts that appear to be utilized for cryptocurrency trading.

09.11 / 20:29

cryptocurrency Central Bank Bitcoin Russian Central Bank Says No As Ministries Hope to Legalize Bitcoin Mining

The Russian Ministry of Economic Development has expressed a willingness to legalize Bitcoin (BTC) and crypto mining, and has the backing of the Ministry of Energy – but as so often is the case with Russian politics and all things crypto-related, the Central Bank wants to throw a spanner into the works.

09.11 / 14:53

business regulation Central Bank Ruble Russia to change laws for digital ruble, while central bank mulls 2022 prototype

On Tuesday, Elvira Nabiullina, governor of Russia’s central bank, said that the country will have a prototype of its digital rouble platform ready by early 2022 and will roll it out for trial use next year before making a final decision on whether or not to release its own digital currency, according to a Reuters report.

08.11 / 19:27

business Banks Central Bank Nigeria's central bank reportedly freezes crypto traders' accounts

The Central Bank of Nigeria has reportedly ordered all commercial banks in the country to freeze accounts with at least two individuals engaged in crypto trading.

08.11 / 14:44

economics Ecology Central Bank How Climate Change Might Heat Up Inflation Too

Osman Ouattara, Reader in Development Economics, University of Manchester.____