Central Bank Financial News

30.08 / 09:57

business CBDC Adoption Central Bank Jamaican taxi drivers bullish on accepting Jam-Dex CBDC

Bus and taxi operators in Jamaica are eager to use the country’s in-house central bank digital currency (CBDC) — Jam-Dex — as locals seek operational efficiencies and reduced costs and security risks.

29.08 / 19:33

markets economy stocks Central Bank Bitcoin Dollar Chinese gov’t fires up the printer — How will it impact Bitcoin price?

News headlines have recently covered how China's struggling economy poses significant risk to global growth. Economic activity and the flow of credit in the region are weakening and analysts are not convinced that the Chinese government’s interventions are a sufficient fix for what appear to be structural problems.

22.08 / 14:35

regulation Central Bank BIS Bitcoin Financial Crypto amplified financial risks in emerging markets: BIS papers

Cryptocurrencies like Bitcoin (BTC) have failed to reduce but rather have “amplified financial risks” in less developed economies, according to a new study published by the The Bank for International Settlements (BIS).

17.08 / 13:51

CBDC Adoption regulation Banks Central Bank Holdings Colombia central bank recommends limiting CBDC holdings and spending

The central bank of Colombia has not yet decided whether or not to issue a central bank digital currency (CBDC), but believes that setting limits on CBDC transactions could bring about a number of benefits.

14.08 / 19:29

markets ETF Gold Central Bank Mainstream Bitcoin Bitcoin vs. gold: Are market cap and other comparisons actually relevant for investors?

The connection between Bitcoin and gold goes back to Bitcoin’s origin. While it is not mentioned in the Bitcoin white paper, Satoshi Nakamoto actually referred to gold’s rarity in a Bitcointalk forum post when introducing the first version of Bitcoin (BTC) in 2009. This was to emphasize the importance of a limited supply of 21 million coins.

11.08 / 15:35

regulation Trading Bakkt Central Bank Police Today in Crypto: Argentine Opens Investigation Into Worldcoin, Canada is Seeking Solution to Facilitate Seizure and Storage of Crypto and NFTs, Canadians Don't Have a Reason to Adopt a CBDC

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

11.08 / 05:21

CBDC Adoption Central Bank Bank of Canada Canadians have ‘weak incentives’ to use a CBDC: Bank of Canada

The typical Canadian has little reason to adopt a central bank-issued digital currency, which could cause problems with its broad acceptance, according to a new paper from the Bank of Canada.

10.08 / 09:53

Blockchain Technology Adoption Central Bank Nigeria to issue verifiable blockchain certificates for NYSC

Kashifu Inuwa Abdullahi, who holds the position of Director-General at the National Information Technology Development Agency (NITDA), has disclosed that blockchain technology will be employed for the generation and validation of National Youth Service Corps (NYSC) certificates within Nigeria.

07.08 / 19:13

markets Government Federal Reserve inflation Central Bank Bitcoin Buffett and Ackman take opposing sides on Treasury yields — What does it mean for Bitcoin?

Warren Buffett and Bill Ackman are two of the most successful investors in the world, but they have taken opposing views on the bond market in recent months.

07.08 / 13:51

Adoption Asia Central Bank Support Singapore commits $112M to support fintech solutions like Web3

The Monetary Authority of Singapore (MAS), the country’s central bank, has announced that it is committing up to 150 million Singapore dollars (around $112 million), to support various financial technology solutions like Web3.

01.08 / 13:19

Government regulation transactions Central Bank Bitcoin businesses Ukraine demands local crypto businesses provide financials

The government of Ukraine has recently approached the local cryptocurrency industry with a new request to provide certain financial information.

01.08 / 10:37

CBDC Central Bank place South Korea's CBDC Pilot to Take Place in Jeju, Busan, or Incheon, Excluding Seoul

The central Bank of Korea (BOK) has narrowed down the choices for its central bank digital currency (CBDC) pilot venue to three regions. Notably, the nation's capital Seoul is not among these.

31.07 / 10:01

CBDC Adoption Central Bank NOT South Korea to pilot CBDC in one of these three cities, not Seoul

The Bank of Korea has narrowed down three regions for the piloting of its central bank digital currency (CBDC), which does not include the country’s capital Seoul, according to a report from a local South Korean media outlet.

28.07 / 13:41

Blockchain regulation Central Bank Court Reserve Bank of India Bitcoin Indian crypto rules Indian Supreme Court raps Union government on crypto rules delay: Report

The Indian Supreme Court on July 27 reprimanded the Union government for the lack of crypto regulations in the country, according to a report in a local media outlet.

26.07 / 14:35

CBDC Adoption regulation Banks Central Bank banking Threat Existential threat? Why some banks are anxious about CBDCs

In the current climate, which is pretty hostile for the digital assets industry following the failures of 2022, central bank digital currencies (CBDCs) are often perceived as “crypto killers.”

26.07 / 04:27

business Government Adoption regulation Central Bank Namibia signs crypto exchange regulation bill into law

The Namibian Government officially signed a law to regulate Virtual Asset Service Providers operating in the country last week, reversing its original 2017 decision to ban cryptocurrency exchanges.

23.07 / 21:51

business CBDC Adoption regulation Central Bank Reserve Federal Reserve of San Francisco hiring crypto architect for CBDC project

San Francisco's Federal Reserve Bank is seeking a crypto architect for a central bank digital currency (CBDC) project, reveals an Indeed job posting. According to the role description, the employee will work on CBDC research and development.

20.07 / 06:47

Blockchain Stablecoin Adoption Asia Banks Central Bank banking Myanmar’s shadow government backs launch of crypto-based bank

Myanmar’s first entirely crypto-based banking institution has announced a soft launch for July 22 — a move that could see the country’s shadow government given greater access to financial services and funding.

19.07 / 14:41

CBDC Adoption regulation Banks Central Bank banking Ruble Russian CBDC by 2025? What’s happening with the digital ruble

The Central Bank of the Russian Federation’s (CBR) central bank digital currency (CBDC) project has been developing rapidly. The first news about the initiative appeared in 2020, and a regulatory bill was introduced in 2022, which has now passed through its final reading in the parliament’s lower chamber, the Duma.

15.07 / 17:05

CBDC Adoption regulation Central Bank Digital Dollar Ron DeSantis vows to ban CDBCs in the US if elected president

United States presidential candidate Ron DeSantis once again criticized central bank digital currencies (CBDCs), arguing against the possibility of a digital dollar in the country.

14.07 / 14:27

Law Adoption regulation Europe privacy Central Bank United Kingdom’s digital pound meets public backlash — Why?

British society is both civil and democratic, so it wasn’t unexpected that the government of the United Kingdom would “consult” the public before signing off on a digital version of the British pound. The response it received may have been surprising, though.

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