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BIS inaugurates Toronto Innovation Centre with Bank of Canada

14.6.2024
Bank of Canada Governor Tiff Macklem said that as finance evolves, the industry must innovate and apply new skills, allowing Canadians to benefit from advancements

Kenyan Central Bank to Issue Licenses to Fintech Firms

14.6.2024
The Central Bank of Kenya is amending the country’s payment systems law, which will allow it to issue operating licenses to fintech startups. Governor Kamau Thugge said he expects the bank to complete the process of amending the law soon. Central Bank Aims to Support Fintech Startups The Central...

Donald Trump Pledges to Champion Bitcoin Mining in Historic Meeting With Industry Leaders

13.6.2024
Former U.S. President and presidential candidate Donald Trump has engaged with leaders in the bitcoin mining sector, expressing his support for the industry. Trump stressed that bitcoin mining “may be our last line of defense” against a central bank digital currency (CBDC)....

Trump vs Biden: Riot’s Morgenstern Highlights Stark Contrast in Crypto Policies

13.6.2024
Brian Morgenstern of Riot Platforms shared his insights on the 2024 election’s impact on bitcoin and the crypto industry, praising former U.S. President Donald Trump’s pro-bitcoin stance and criticizing President Joe Biden’s regulatory measures. Trump promised to protect...

Crypto.com gains approval from Ireland’s central bank

11.6.2024
The Central Bank of Ireland approved 15 different VASPs as of June 7, 2024, including Crypto.com, Coinbase, Gemini, Ripple and others

Solana Launches Mainnet Beta v1.18.15 Upgrade to Address Network Stability

11.6.2024
Solana has recommended validators in the network upgrade to the latest Mainnet Beta 1.18.15, which includes several fixes to address network performance and stability. The release includes a central scheduler functionality that can be turned on optionally, focused on solving performance issues...

Ripple partners with National Bank of Georgia to digitize economy

10.6.2024
Ripple continues to deepen its CBDC collaboration with the Republic of Georgia by exploring ways to digitize the local economy

Bitmex Founder Arthur Hayes Advises to ‘Go Long on Bitcoin’ as G7 Central Banks May Slash Rates

8.6.2024
Arthur Hayes, the founder and former CEO of Bitmex, recently shared his insights on the future of global financial markets in a blog post. Hayes delves into the impact of central bank policies on the global economy, emphasizing the role of interest rates and inflation targets. Bitmex...

Central Banks Boost Gold Reserves by 33 Tonnes in April

8.6.2024
Global gold reserves rose by 33 tonnes in April, according to the World Gold Council. The Central Bank of Turkey was at the forefront, increasing its holdings by 8 tonnes. This addition marks 11 consecutive months of purchases, bringing the central bank’s year-to-date acquisitions to...

European Central Bank Cuts Rates by 0.25%, Confirms Data-Driven Approach for Path Ahead

7.6.2024
The European Central Bank announced cuts of 0.25% (or 25 basis points) on three of its main interest rates: the main refinancing operations, the marginal lending facility, and the deposit facility. President Christine Lagarde emphasized that future decisions regarding additional cuts will depend...

Gold Rush: Long Lines to Purchase Bullion in Vietnam

6.6.2024
Local reports indicate that lines of several dozen people are waiting to purchase gold bullion from various state-owned banks in Vietnam, primarily in Hanoi and Ho Chi Minh. The interest in buying the precious metal at this time seems to be driven by the lower prices these banks offer to retail...

UAE central bank approves licensing system for stablecoins

5.6.2024
KARM Legal Consultants founder Kokila Alagh said that the regulations clarify the issuance, licensing and supervision of AED-backed payment tokens

Private firms to join global central bank CBDC project

5.6.2024
As Project mBridge enters its MVP phase, BIS is inviting private sector firms to propose new solutions and use cases to further develop and showcase the platform's potential

Central Bank of Qatar Announces CBDC Project

5.6.2024
The Central Bank of Qatar recently announced the completion of the infrastructure development supporting an in-house-built CBDC. The bank estimates that the project will enter its experimental stages this year in October, allowing several national and international banks to test the functionality...

Germans split on digital euro, most don’t know what it is: Survey

5.6.2024
Most Germans have never heard of the digital euro and some who knew of it thought it was a cryptocurrency, a central bank survey found

Zimbabwe central bank ironing out wrinkles in new currency

4.6.2024
The new currency, an outgrowth of the government’s gold-backed token, is performing well economically but receiving mixed public reviews

Rwanda Develops CBDC to Avoid Falling Behind, Central Bank Deputy Governor Says

4.6.2024
Rwanda is contemplating launching a Central Bank Digital Currency (CBDC) because it does not want to be left behind and to prevent any hindrances to trade between the African country and its major trading partners. According to a deputy governor with the National Bank of Rwanda, the country should...