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Federal Reserve Governors Don’t See Reason to Issue Central Bank Digital Currency
16.11.2021
At least three Federal Reserve governors have said that they do not see a reason for the Fed to issue a central bank digital currency (CBDC). The Fed is currently putting together a report on a digital dollar to be released in the near future. Fed Governors Doubt Need for Digital Dollar Federal...
Russian MPs Want Central Bank to ‘Consider Crypto’s Spread’
16.11.2021
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.
In an interview with RIA Novosti, Alexey Savatyugin, the Auditor of the Accounts Chamber...
Indian Prime Minister Modi Chairs Crypto Meeting After Consulting With RBI, Finance Ministry
16.11.2021
Indian Prime Minister Narendra Modi has reportedly chaired a comprehensive meeting on cryptocurrency and related issues in India. The meeting was an outcome of a consultative process involving the central bank, the Reserve Bank of India (RBI), the Ministry of Finance, and the Home Ministry. PM Modi...
Tanzania’s Zanzibar reportedly exploring ways to adopt crypto
15.11.2021
More African countries are considering adopting Bitcoin as the local crypto market surged over 1,200% in one year
Interest Rates: Why the Era of Cheap Money Is Finally Ending
14.11.2021
John Whittaker, Senior Teaching Fellow in Economics, Lancaster University.____
The Bank of England was widely expected to slightly increase its official bank rate on November 4, but it decided to stick to the all-time low of 0.1%. However, the bank has made it clear that a rise will soon...
Every Large Bank Will Actively Consider Crypto in 1-3 Years, Says Former Citi CEO
14.11.2021
A former CEO of Citigroup said that every major bank and securities firm will consider crypto trading or services within one to three years. He also hopes that central banks worldwide will adopt digital currencies. Former Citi CEO Expects All Major Banks to Embrace Crypto in 1-3 Years...
India’s Central Bank RBI Reiterates ‘Serious Concerns’ About Crypto — Governor Doubts Reports on Indian Crypto Investors
12.11.2021
India’s central bank, the Reserve Bank of India (RBI), still has “serious concerns” about cryptocurrency from a macroeconomic and financial stability standpoint. Furthermore, RBI Governor Shaktikanta Das says he doubts the veracity of the number of Indian crypto investors...
Analysts: Lack of Trust in Nigerian Government an Impediment to CBDC’s Success Prospects
12.11.2021
While Nigerians have seemingly embraced the Central Bank of Nigeria (CBN)’s digital currency, skeptical analysts believe a lack of trust in the government will ultimately limit the e-naira’s prospects for success. Threat From Fintech Startups In addition, some analysts insist...
Botswana Does Not Have Regulatory Framework for Crypto — Central Bank
12.11.2021
The Bank of Botswana (BOB) has said the country does not have a specific legal or regulatory framework pertaining to crypto assets. The bank does, however, warn residents investing in cryptocurrencies that they will have no legal recourse should they suffer financial losses. Central Bank Responding...
US Faces More Inflation Woes as CPI Hits Highest Record in 30 Years
11.11.2021
U.S. inflation continues to roar higher as this week’s data from the consumer price index (CPI) jumped 6.2% from a year ago. Americans are concerned as the Federal Reserve has expanded the monetary supply like at no other time in history, suppressed the benchmark interest rate, and U.S....
Chinese retail giant JD accepts digital yuan payments for Singles Day
11.11.2021
Some 450,000 JD.com customers have used China’s digital yuan for payments as of June 2021
Nigerian banks tracking customer accounts for crypto trading
11.11.2021
Personal accounts with large multi-day inflow and outflow are being tracked per an order by the country's central bank
Digital Ruble to Give Russians What They Need, Bank of Russia Governor Says
11.11.2021
The digital ruble is what Russian citizens need as it will facilitate inexpensive and reliable payments, the head of Bank of Russia, Elvira Nabiullina, told participants in an international banking forum. The governor also warned that cryptocurrencies and fiat-backed stablecoins create risks...
Nigerian Central Bank Intensifying Fight Against Cryptocurrency Traders
10.11.2021
Just a few days after launching the e-naira digital currency, the Central Bank of Nigeria (CBN) is now reportedly ramping up the pressure against cryptocurrency traders. Bank Employees Warned In a memo to its staff seen by Bitcoin.com News, one of Nigeria’s leading banks, FCMB, warns...
Russian Officials Back Idea of Recognizing Crypto Miners as Entrepreneurs
10.11.2021
Cryptocurrency mining should be recognized as an entrepreneurial activity under Russian law and taxed accordingly, representatives of key ministries in Moscow and the parliament have indicated. Officials believe the regulatory move would benefit both the state and the crypto industry. Russian...
Zimbabwe minister signals CBDC interest amid Bitcoin adoption rumors
10.11.2021
Minister Monica Mutsvangwa clarified that Zimbabwe is not considering the adoption of cryptocurrencies or Bitcoin
UK Treasury and central bank will consult on CBDC, potentially launching by 2030
9.11.2021
"The earliest date for launch of a U.K. CBDC would be in the second half of the decade,” said the Bank of England, adding no final decision has yet been made
Russian Central Bank Says No As Ministries Hope to Legalize Bitcoin Mining
9.11.2021
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...
Russia to change laws for digital ruble while central bank mulls 2022 prototype
9.11.2021
Russian lawmakers will reportedly begin working on the legal adjustments needed to implement the digital ruble plan scheduled for early 2022
Retail-focused Singaporean CBDC to hedge against privately issued stablecoins
9.11.2021
The retail CBDC will be developed in partnership with private entities, which "would be the digital equivalent of today's notes and coins."