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European Central Bank releases results of digital euro consultation
14.4.2021
Privacy concerns regarding the digital euro abound as the European Central bank test the waters for a central bank digital currency
US Government Concerned China’s Digital Yuan Could Threaten Dollar as the World’s Dominant Reserve Currency
13.4.2021
The U.S. government is reportedly concerned that China’s digital yuan could threaten the U.S. dollar’s status as the world’s dominant reserve currency. Officials at the Treasury, State Department, Pentagon, and National Security Council are increasing their efforts to understand...
Central Bank of Nigeria Blocks Fintech Startups From Accessing KYC Service— Decision Described as an ‘Attack on All Fintechs’
12.4.2021
The Central Bank of Nigeria (CBN) has recently suspended the provision of the bank validation number (BVN) service to all fintech and third-party partners. The decision means non-banks entities include crypto startups “have lost one of the most comprehensive means of identity verification...
Sri Lanka’s Crypto Regulation: Central Bank Warns of Cryptocurrency Risks, Unlicensed Exchanges
12.4.2021
The Central Bank of Sri Lanka has published a warning notice about the risks associated with cryptocurrency as interest and trading volumes of bitcoin and other cryptocurrencies surge locally and globally. Sri Lanka’s Central Bank Warns About Bitcoin The Central Bank of Sri Lanka...
P2P Bitcoin Trade Volumes Surge in Kenya and Ghana but Nigeria Still Dominates
11.4.2021
According to new data, peer-to-peer (P2P) bitcoin trade volumes in Kenya and Ghana surged in Q1 of 2021, with the two countries now ranked second and third respectively. On the other hand, volumes in South Africa, which occupied second place in 2020, dropped marginally. Consequently, South Africa...
Bitcoin Is More ‘Public’ Money than Central Bank-Issued Fiat Currencies
11.4.2021
If you’ve read a research or policy paper from a government or central bank in recent years, you may have noticed an interesting distinction such institutions tend to make when it comes to money. They like to refer to national fiat currencies as ‘public money’ and cryptocurrencies — as well...
How the digital yuan stablecoin impacts crypto in China: Experts answer
10.4.2021
Here’s what crypto and blockchain industry experts from China think about the digital yuan and how it has affected the blockchain space
An ECB Board Member Attacks Bitcoin, Says It ‘Does Not Fulfill the Basic Properties of Money’
10.4.2021
Isabel Schnabel, a board member with the European Central Bank (ECB), has attacked bitcoin claiming the crypto asset “does not fulfill the basic properties of money.” She also describes bitcoin as a “speculative asset without any recognizable fundamental value and is subject...
Pakistan's central bank is ‘carefully studying’ CBDCs, says governor
9.4.2021
State Bank of Pakistan governor Reza Baqir says the country is "waiting to burst as far as digitization is concerned."
Swedish Central Bank Releases the First Study About Its CBDC E-Krona Pilot
9.4.2021
The Swedish central bank keeps making steps towards modeling its e-krona pilot project by issuing a detailed report of the results of phase one for the path ahead. Riksbank is still optimistic about launching its central bank digital currency (CBDC), but there are hurdles to clear out on the road....
Sri Lanka's central bank warns public against risks of crypto investment
9.4.2021
The central bank listed four chief concerns, including the lack of legal recourse in the event of investor disputes and possible violations of foreign exchange regulations when purchasing crypto from abroad
Lawyer Files Class Action Complaint to Stop Argentinean Central Bank from Collecting Crypto Users Data
8.4.2021
The idea of the Argentinean central bank asking local banks for information on customers who deal with cryptocurrencies is generating controversy in the local industry. A new chapter in this story has been written, as a local lawyer has filed a class-action complaint before a national court...
Sweden’s central bank completes first phase of digital currency pilot
7.4.2021
The Riksbank said that CBDC technology still requires further investigation
Swedish Central Bank Wants ‘Market Actors’ to Join Next Stage of CBDC Pilot
7.4.2021
Sweden’s central Riksbank is forging ahead with its e-krona pilot project, and has outlined the next steps it wants to take – putting it on track to become the first European nation to roll out a central bank digital currency (CBDC).
The Riksbank has been bullish about issuance, but will still have...
Argentinean Central Bank Asks Local Banks for Information on Customers Who Deal With Cryptocurrencies
5.4.2021
As cryptocurrencies keep gaining adoption in Argentina, there are discussions on how the national regulatory bodies should regulate the industry. The Central Bank of Argentina (BCRA) seems to have taken a step forward in making the picture clearer. Banks Should Provide Data Such as National...
Japanese Central Bank Starts Testing on Digital Yen
5.4.2021
The Bank of Japan headquarters. The central Bank of Japan (BoJ) has come good on its promises to begin testing a prototype for a digital yen before the end of Spring.
Per Reuters, the BoJ has begun a series of tests that will run until March 2022, and will test the “technical feasibility...
Bank of Japan begins first digital currency proof of concept
5.4.2021
The first phase of Japan's CBDC pilots will be completed by March 2022, the central bank states
Russian Central Bank Wants to ‘Limit’ Stablecoin Use in Payments
3.4.2021
Russia’s Central Bank wants to position itself as the country’s digital economy center of gravity – and appears ready to pave a way for its forthcoming digital ruble to gain market dominance. And it wants to make sure of that by placing a limit on the use of stablecoins in settlements.
Per...
Bank of Thailand to begin central bank digital currency tests in 2022
2.4.2021
Thailand’s central bank is calling for public comments on its proposed plan to launch a sovereign digital currency within the next five years
Eastern Caribbean Central Bank's DCash digital currency goes live
1.4.2021
The ECCB has launched a regional central bank digital currency in partnership with Caribbean fintech outfit Bitt