Central Bank Financial News

30.01 / 21:35

Stablecoin CBDC Adoption Central Bank ECB Montenegro's central bank teams up with Ripple on digital currency pilot project

Montenegrin Prime Minister Dritan Abazović has announced on Twitter that his country is pursuing a digital currency in conjunction with Ripple. Abazović met with Ripple CEO Brad Garlinghouse and vice president James Wallis at Davos.

30.01 / 09:05

Adoption Africa Central Bank Bitcoin Premium Withdrawals Bitcoin premium hits 60% in Nigeria as it limits ATM cash withdrawals

The price of Bitcoin (BTC) in Nigeria has skyrocketed to well above market levels amid continued efforts by the central bank to push its citizens into digitalized cash.

27.01 / 21:39

business regulation Banks Federal Reserve Central Bank banking Reserve Fed denies Custodia Bank application to join the Federal Reserve System

The United State Federal Reserve Board has rejected Custodia Bank’s application to become a member of the Federal Reserve System. In its announcement, the Fed stated that the application was “inconsistent with the required factors under the law.” It also claimed Custodia had an “insufficient” management framework and cited an earlier joint declaration by the Fed with the Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency that found crypto assets to be at odds with sound banking practices.

27.01 / 02:47

markets Binance Federal Reserve Central Bank Interest rates Bitcoin Dollar Data shows pro Bitcoin traders want to feel bullish, but the rally to $23K wasn’t enough

Bitcoin (BTC) price had a mixed reaction on Jan. 25 after the United States reported a 2.9% gross domestic product growth in the fourth quarter, slightly better than expected. Still, the sum of all goods and services commercialized between October and December grew less than 3.2% from the previous quarter.

26.01 / 16:41

Technology Central Bank Fiat Money Bitcoin Community Bitcoin end ChatGPT learns Bitcoin will end central banking and fiat currency

ChatGPT is a powerful new AI tool, capable of problem-solving, advanced coding, answering complicated questions and now–spelling out the end of fiat currencies.

26.01 / 01:23

regulation Central Bank Ireland's Central Bank Governor calls for ban on crypto ads targeting young adults: Report

Gabriel Makhlouf, the governor of the Central Bank of Ireland, reportedly supports legislation which would ban advertising crypto projects to young people.

25.01 / 06:31

business Stablecoin CBDC Adoption Payments VISA Central Bank play Stablecoins and CBDCs might play 'meaningful role' in payments — Visa CEO

The chief executive of credit card giant Visa remains confident that blockchain-powered solutions can be integrated into its services and offerings to power the next generation of payments.

24.01 / 17:15

Government Law Adoption regulation us government Central Bank Cash Winter Olympics Amid crypto winter, central banks rethink in-house digital currencies

Over the last couple of years, numerous reports have surfaced regarding governments worldwide exploring the issuance of their very own central bank digital currency. In fact, to date, nine countries have rolled out an active CBDC offering. In this regard, China’s digital yuan witnessed widespread use during the 2022 Winter Olympics.

23.01 / 05:49

Blockchain Stablecoin CBDC Digital Currency Payments Central Bank DLT Chinese blockchain firm launches the 'SWIFT' of stablecoins and CBDCs at Davos

A Hong Kong-based blockchain company has launched a digital payments system aimed at bridging the gap between stablecoins and Central Bank Digital Currencies (CBDCs).

21.01 / 17:11

Technology Adoption regulation Europe Central Bank Cash Going cashless: Norway's digital currency project raises privacy questions

The small Nordic country of Norway may not be particularly notable on the global crypto map. With its 22 blockchain solution providers, the nation doesn’t stand out even at the regional level.

18.01 / 23:23

business Central Bank Euro Spain's central bank approves euro-linked token pilot as part of sandbox initiative: Report

The financial sandbox ar of the Bank of Spain, or Banco de España, has reportedly approved a project from fintech firm Monei testing a token linked to the euro.

16.01 / 05:31

business Adoption Central Bank Tanzania ‘cautious’ on CBDC adoption after initial research

Tanzania's central bank says it is still considering the introduction of a central bank digital currency (CBDC) but will be a taking "phased, cautious and risk based approach" after identifying several challenges that could impact its implementation.

15.01 / 23:47

business Banks Central Bank Bank of Thailand to allow first virtual banks by 2025

Bank of Thailand (BOT) has disclosed plans to allow virtual banks to operate in the country for the first time. Financial firms will be able to provide services by 2025, a Bloomberg report shows.

12.01 / 13:51

Adoption regulation Central Bank enaira Nigeria revisits its payments landscape amid sluggish eNaira adoption

Nigeria’s central bank will explore the adoption of blockchain technology to power a central bank digital currency (CBDC), the potential of stablecoin adoption and regulatory considerations of initial coin offerings (ICOs) over the next two years.

11.01 / 23:49

business CBDC Central Bank China's central bank includes digital yuan in report on currency circulation

The People’s Bank of China, or PBoC, has begun including the country’s central bank digital currency, the e-CNY, in reports measuring the amount of currency in circulation.

10.01 / 05:07

Adoption Central Bank settlement Russia to begin work on CBDC settlement system in Q1 as sanctions endure: Report

Russia’s central bank is reportedly set to begin developing a cross-border settlement system using its Central Bank Digital Currency (CBDC) amid ongoing sanctions in response to its invasion of Ukraine.

09.01 / 00:45

CBDC Adoption Central Bank Mexico's digital peso delayed, unclear launch date

Mexico's central bank digital currency (CBDC) development is still in an initial phase, and it is unlikely to be ready for launch by 2024.

04.01 / 01:45

regulation Banks Central Bank banking safe US federal agencies release joint statement on crypto asset risks and safe practices

United States federal bank regulatory agencies started off the new year with a statement on crypto assets looking back at the troubles of the crypto sector in 2022. The Federal Reserve, Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) released a joint statement on Jan. 3 on past problems and their efforts to maintain sound banking practices in spite of those challenges.

03.01 / 22:11

Government Law Adoption Central Bank The ‘godfather of crypto’ wants to create a privacy-focused CBDC: Here’s how

When it comes to the “crypto” part of cryptocurrencies, David Chaum’s work predates the crypto ecosystem. His efforts as a renowned cryptographer date back to 1989, long before Bitcoin (BTC) was a thing.

30.12 / 13:41

inflation Central Bank banking Lira Central Bank Digital Currency: Turkey's Central Bank Conducts First Transactions of Digital Lira – Will Other Countries Follow Suit?

The Central Bank of the Republic of Turkey (CBRT) has completed the first trial of its central bank digital currency (CBDC), the Digital Turkish Lira.

30.12 / 07:31

Blockchain Adoption Central Bank Turkey’s central bank completes first CBDC test with more to come in 2023

The Central Bank of the Republic of Turkey (CBRT) has completed the first trial of its central bank digital currency (CBDC), the Digital Turkish Lira, and has signaled plans to continue testing throughout 2023.

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