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Pakistani Bank Asks Customers to Avoid Conducting Crypto Transactions
18.1.2022
A major bank in Pakistan has reportedly asked its customers to avoid conducting cryptocurrency transactions. Bank Alfalah’s action came shortly after the State Bank of Pakistan, the country’s central bank, submitted a report to the Sindh High Court recommending a complete ban...
India’s Prime Minister Modi Calls for Global Collaboration on Crypto — Says ‘We Have to Have a Similar Mindset’
18.1.2022
India’s prime minister, Narendra Modi, has called on governments worldwide to collaborate on cryptocurrency. He pointed out that “The kind of technology that is associated with it, the decisions taken by a single country will be insufficient to deal with its challenges.” Indian...
Malaysia’s Central Bank actively assessing CBDC options
18.1.2022
Malaysia’s central bank recently completed a proof-of-concept for a CBDC with three other nations and may consider developing its own cross-border payment system using the blockchain
Singapore Restricts Crypto Ads — Central Bank Says Crypto Trading Not Suitable for the General Public
18.1.2022
Singapore’s central bank has issued guidelines to discourage cryptocurrency trading by the general public. The central bank emphasized that “the trading of cryptocurrencies is highly risky and not suitable for the general public.” Singapore’s Central Bank Discouraging...
Law Decoded: First-mover advantage in a CBDC conversation, Jan. 10–17
17.1.2022
Strong framing move by U.S. Representative Tom Emmer and a looming threat of another crypto ban in Asia: a digest of last week's top crypto policy stories is here
70% of Jamaica population to adopt CBDC in 5 years, prime minister says
17.1.2022
The Caribbean country expects a nationwide CBDC rollout by the end of the first quarter of 2022
CBDCs and stablecoins: EY advises banks to ‘prepare for what's coming’
17.1.2022
A new report from EY highlights the need for a policy change for banks to overcome business uncertainties regarding digital assets
Fidelity Expects More Countries to Acquire Bitcoin Citing ‘Very High Stakes Game Theory’
17.1.2022
Fidelity expects more sovereign nation states, or even a central bank, to acquire bitcoin this year. “There is very high stakes game theory at play here, whereby if bitcoin adoption increases, the countries that secure some bitcoin today will be better off competitively than their...
Euro Inflation Hits Record Highs, ECB Not in Rush to Raise Interest Rates
16.1.2022
The European Central Bank is concerned over inflation in the euro area rising beyond its own expectations, a high-ranking ECB official has admitted. However, Europe’s monetary authority is not prepared to raise interest rates at this point in time, the executive unveiled. ECB Sees No Reason...
Pakistan Seeks to Block Websites Dealing in Cryptocurrency: Report
16.1.2022
Pakistan’s Federal Investigation Agency (FIA) is reportedly seeking to block websites dealing in cryptocurrency. The decision followed a meeting the agency had with the State Bank of Pakistan (SBP) which recently recommended a complete ban on crypto. Pakistan’s FIA Reportedly Seeks...
British Lawmakers Say a CBDC Is Likely to Hurt Financial Stability — Digital Pound Benefits Overstated
14.1.2022
According to British lawmakers, a central bank digital currency (CBDC) is likely to raise the cost of borrowing while hurting financial stability. They insist the touted potential advantages of a digital pound are being overstated. Erosion of Privacy British lawmakers have said the use of a central...
Bolivian Central Bank ‘Bans’ Crypto, Says Tokens ‘Have No Place in Domestic Market’
14.1.2022
The Bolivian central bank has moved to “ban” the use of crypto in the nation – and has issued warnings about what it perceives to be the “risks” involved with investing in cryptoassets such as bitcoin (BTC)....
Read More: Bolivian Central Bank ‘Bans’ Crypto, Says Tokens ‘Have No Place...
Swiss National Bank Trials CBDC in Transactions With Five Banks
14.1.2022
The Swiss National Bank has successfully employed a wholesale CBDC to settle transactions with five commercial banks, the monetary authority announced. The tests are part of an experiment carried out together with the Bank for International Settlements and Switzerland’s financial services...
Pakistan’s Central Bank Decides to Completely Ban Cryptocurrency: Report
14.1.2022
The State Bank of Pakistan (SBP), the country’s central bank, has reportedly come to a decision to ban the use of all cryptocurrencies within the country. The central bank has also asked the Sindh High Court to ban “unauthorized operations” of crypto exchanges and impose...
US Lawmaker Launches Bill to Prohibit the Fed From Issuing Digital Currency Directly to Individuals
14.1.2022
A U.S. lawmaker has introduced a bill in Congress to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals. “It is important to note that the Fed does not, and should not, have the authority to offer retail bank accounts,”...
Near Raises USD 150M, Pakistan's Central Bank vs. Crypto, Bitstamp's Growth Plan + More News
13.1.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Near Raises USD 150M, Pakistan's Central Bank vs. Crypto, Bitstamp's Growth Plan + More News
Swiss central bank tests wholesale CBDC with commercial partners
13.1.2022
The Swiss National Bank integrated wholesale CBDC in banking systems with five commercial banks as part of the second phase of Project Helvetia
Pakistan's central bank reportedly wants to ban crypto
13.1.2022
Pakistan's finance and law ministries are yet to make a decision on a potential blanket ban on crypto in the country
BIS Claims a CBDC Interoperability Victory – While US Congressman Bids to Block Digital USD
13.1.2022
The Bank for International Settlements (BIS) says it has made another breakthrough in its central bank digital currency (CBDC) interoperability project – claiming that it has “successfully tested” the integration of wholesale CBDC settlement with commercial banks....
Read More: BIS Claims a CBDC...
Hong Kong Monetary Authority aims to oversee stablecoin reserves
12.1.2022
Hong Kong’s central bank is inviting global stablecoin operators to respond to its proposed rules