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ECB president Lagarde renews calls for global regulation of Bitcoin
13.1.2021
In a recent interview, Lagarde said that Bitcoin has been used to conduct "funny business" and "totally reprehensible money laundering activity."
Digital ruble could be still vulnerable to fraud, Russian banks warn
13.1.2021
The Association of Russian Banks is worried about regulators being unable to track illicit transactions of an offline-enabled digital ruble
State-Backed Agricultural Bank of China Launches the First Digital Yuan ATMs
12.1.2021
The Agricultural Bank of China (ABC), one of China’s “big four” banks, is embarking on a pilot program to enable the first digital yuan ATMs. The banking institution deployed the first machines in selected branches in Shenzhen. ATMs Will Work With a Smartphone App According to...
Central Washington Raises Concerns Over Possible Bitcoin Mining Boom
12.1.2021
A region in the Pacific Northwest of the United States is on high alert because of concerns about a possible invasion of bitcoin (BTC) miners. The state has previously experienced an influx of Chinese bitcoin miners, due to decreasing electricity prices. Bitcoin Bull-Run Could Revive Interest...
China Launches Digital Yuan ‘Hard Wallet’ Card Pilot Program
10.1.2021
The People’s Bank of China (PBoC) have green lighted a physical card-wallet pilot to test its digital yuan. Coffee shop staff in a Shanghai-based university hospital was chosen as participants in the pilot. Wallet Card Can Pay or Accept e-CNY Without Wi-Fi or a Mobile Connection According...
The EURST Stablecoin Set the Path That Major Central Banks Now Want to Follow
8.1.2021
From Asia to Europe, major central banks all around the world are expected to announce their own digital currencies soon. This is vindication that stablecoins like EURST are on the right path forward, and they can serve to show how national economies should reinvent themselves following the current...
Ukraine Chooses Stellar Foundation to Develop Its CBDC, Regulatory Infrastructure for Stablecoins
6.1.2021
The Ministry of Digital Transformation of Ukraine has picked the Stellar Development Foundation (SDF) to develop its central bank digital currency project (CBDC). Ukraine Picks Stellar Foundation to Develop Its Central Bank Digital Currency and National Virtual Asset Strategy According to...
Kyrgyzstan's central bank opens up crypto draft laws to public discussion
6.1.2021
The central bank of The Kyrgyz Republic has drafted regulations that recognize cryptocurrency exchanges in the country for the first time
Kyrgyzstan Central Bank Is Set to Introduce Bills to Monitor Crypto Exchanges Activities and Forcing Them to Apply for Permits
6.1.2021
The National Bank of the Kyrgyz Republic (NBKR) revealed its new-year plans for the national crypto industry. They are about to introduce two drafts to regulate the country’s exchanges that aim to combat terrorism, money laundering, and protecting consumers. Kyrgyzstan Central Bank Set...
The US Dollar’s Share of Global Reserve Currencies Drops as Japanese Yen’s Share Increases
5.1.2021
The U.S. dollar’s dominant position as the reserve currency of choice may be in peril, as its share of global currencies held in reserves continues to decline. International Monetary Fund (IMF) data shows, the dollar’s share of reserves dropped from 66% in Q3 of 2014 to just above...
Russia's Central Bank tries to stem the tide of rubles leaving bank accounts
4.1.2021
With the declared intent of reducing risk, the moves look to cut new investors off from opportunities to get out of the ruble
What Might Change The Currency Composition of Central Banks’ Reserve Holdings?
4.1.2021
Alina Iancu, Neil Meads, and Yiqun Wu work at the International Monetary Fund (IMF)’s Strategy, Policy, and Review Department, while Martin Mühleisen is the former director of this department.
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The currencies that are being held by central banks as foreign exchange reserves have remained...
Selected Shenzhen residents to get lottery 'red envelopes' with digital yuan
4.1.2021
Winners of the city's lottery will have 10 days to spend their gifted digital currency, at any of 10,000 supported merchants
India Considers 18% GST on Bitcoin Transactions
29.12.2020
The Indian government is reportedly mulling over imposing an 18% goods and services tax (GST) on bitcoin transactions. According to the Central Economic Intelligence Bureau, the government could gain Rs 7,200 crore annually from this bitcoin taxation. 18% GST on Bitcoin Trades The Central Economic...
Digital Currencies Could Outshine SWIFT System, Says Central Bank of Russia’s Deputy Governor
29.12.2020
The first deputy governor of the Central Bank of Russia (CBR) has been vocal in a recent online meeting, reported by Russia Today (RT), about the topic of digital currencies challenging the SWIFT international payments system and make it redundant. Digital Currencies Could Challenge SWIFT System...
Central Bank of Iran Official Says Cryptocurrencies Have ‘Made No Contribution to Bypassing Sanctions’
28.12.2020
An official with the Central Bank of Iran (CBI) has claimed that cryptocurrencies have played no significant role in Iran’s sanction hit economy. According to Mohammadreza Mani Yekta, the deputy head of CBI’s office for payment systems, “studies” have shown that digital...
Did CBDCs affect the crypto space in 2020, and what’s next in 2021? Experts answer
27.12.2020
CBDCs are one of the major topics in crypto this year, and the experts that Cointelegraph spoke to have a lot to say about it
Digital Currencies May Make SWIFT Redundant, Says Russian Central Bank: Report
26.12.2020
Digital currencies may challenge and someday could make redundant the SWIFT global banking payment system, according to a Central Bank of Russia official, Russia Today reported. Read more: Bank of Russia Chair: Digital Ruble Is No Threat to Banks
Central Banks Gone Wild! Feat. Bill Barhydt
26.12.2020
The founder of mobile crypto bank Abra discusses the massive expansion of global central bank balance sheets
Turkey to Pilot Digital Currency in 2021, Says Central Bank Governor
26.12.2020
Naci Ağbal's comments would place Turkey on the fast track to central bank digital currency