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Bank of Spain issues registration guidelines for crypto services
26.10.2021
All individuals and institutions in the country, including banks, will have to sign up using the new AML registry from the Bank of Spain
Dollar Stabilizes While Traders Await Central Banks Guidance
26.10.2021
Tuesday witnessed the US Dollar regaining the 1.67% it lost recently. Investors are on edge with central bank meetings, and data releases indicate new information on the rates. Meanwhile, the Euro dipped 0.3% as experts forecast the ECB’s dovish tendencies in the next meeting. As a result,...
Nigerian president to unveil eNaira central bank digital currency
25.10.2021
The Nigerian central bank digital currency was originally slated for launch earlier this month but was delayed
Nigerian President Muhammadu Buhari to Unveil Country’s CBDC
25.10.2021
The Nigerian President, Muhammadu Buhari, is expected to formally launch the country’s central bank digital currency (CBDC) on October 25, 2021. High-Level Endorsement of the CBDC According to a statement released by the Central Bank of Nigeria (CBN), the formal event marking...
Beijing Presses Fast-Food Chain McDonald’s to Support Digital Yuan — China’s CBDC Expected to Launch in February
24.10.2021
According to a recent report, Beijing is pressing the fast-food retail chain McDonald’s to support the digital yuan before the Winter Olympics in China scheduled for February 2022. The report notes that China is also pushing companies like Visa and Nike to join in on the central bank digital...
Russian Crypto Industry Association Slams Government for Doing ‘Nothing’ to Regulate Sector
24.10.2021
The main organization representing participants in the Russian crypto space has lambasted authorities in Moscow for not doing enough to regulate the industry. The criticism comes four years after President Putin directed institutions to legally define the status of digital financial technologies....
Bank of Russia Not Ready to Allow Bitcoin ETF Trading, Governor Says
24.10.2021
Central Bank of Russia isn’t prepared to admit a bitcoin exchange-traded fund (ETF) to the market, the head of the regulator, Elvira Nabiullina, told Russian media. Her statement, reaffirming the bank’s hardline stance on cryptocurrencies that has been recently criticized again, came...
ADALend Makes It on “the Essential Cardano List” by IOHK
23.10.2021
Input-Output Hong Kong (IOHK) has listed ADALend on their :Essential Cardano List” of projects that are considered part of the ecosystem supporting and providing Cardano users with products and services. “The Essential Cardano List” gives an overview of the Cardano ecosystem...
Nigerian Central Bank Says It Is Now Ready to Launch CBDC, Downplays Previous Failure
23.10.2021
After failing to roll out its CBDC on October 1, the Central Bank of Nigeria (CBN) has released a document in which it reiterates its commitment to launching the e-naira. In fact, in this document titled The Design Paper for the E-naira, the CBN says it is now ready to launch Nigeria’s CBDC....
Pakistan Government Not Against Crypto Investments, High Court Calls for Regulations
23.10.2021
The executive power will not oppose cryptocurrency investments, a high-ranking government official has told lawmakers in Pakistan. The statement comes as a regional high court has urged the federal government to regulate cryptocurrencies and formed a committee to look into the matter in the coming...
Russian Oil Companies Propose to Mine Cryptocurrencies at Their Wells
22.10.2021
Companies involved in oil production in Russia have come up with a project to organize the mining of cryptocurrencies right next to the oil fields they are exploiting. Data centers devoted to coin minting can be powered by the excess gas released during oil extraction which would otherwise...
$2.2 Trillion Asset Manager Pimco Looking to Trade Cryptocurrencies, CIO Says
22.10.2021
Pimco, an asset manager with $2.2 trillion under management, is looking to start trading cryptocurrencies. “We’re trading from a relative value perspective,” the firm’s chief investment officer said. Pimco’s clients include central banks, sovereign wealth funds...
Sanctioned Russian oligarch urges central bank to embrace Bitcoin
21.10.2021
The U.S. Treasury asked cryptocurrency companies to ensure compliance with sanctions last week
PayPal co-founder Peter Thiel says he ‘underinvested’ in Bitcoin
21.10.2021
Billionaire Peter Thiel shared concerns that investing in Bitcoin is already a “known secret.”
Ghana Central Bank Working to Make CBDC Available to Offline Users
20.10.2021
The Ghanaian central bank is seeking to make its digital currency, the e-cedi, available to offline users, an official with the bank has said. Overcoming the Challenge of Limited Power According to Kwame Oppong, who heads fintech and innovation at the Bank of Ghana (BOG), the e-cedi is also...
Iran to Pilot ‘National Cryptocurrency,’ Amend Central Bank Law
19.10.2021
The central bank of Iran is gearing up to begin the pilot phase of its digital currency project in the near future, its new head announced to representatives of local media. The monetary authority is also preparing to move forward with a plan to reform the legislation that governs its...
Bitcoin adoption won’t affect IMF talks, says El Salvador’s top central banker
19.10.2021
The country’s central bank chief does not see the recent Bitcoin adoption move hampering plans to secure an IMF loan
French Central Bank's Blockchain Bond Trial BringsFirst Results
19.10.2021
French central bank Banque de France has disclosed the results of its experimental program to use central bank digital currency (CBDC) to exchange and settle tokenised government bonds, potentially paving the way for the technology’s rollout in the country’s debt market....
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French central bank pilots blockchain-based CBDC for debt market
19.10.2021
Led by Belgian financial services firm Euroclear, the latest French CBDC trial involved a system by tech giant IBM
Central Bank of Brazil Reports Brazilians Have Bought More Than $4 Billion in Cryptocurrency This Year
18.10.2021
Brazilians have brought over $4 billion of cryptocurrencies to the country, according to numbers from the Central Bank of Brazil. The commercial asset balance report presented shows that Brazilians have consistently acquired over $350 million dollars of cryptocurrencies each month since January....