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Report: Morocco’s Central Bank to Unveil Crypto Regulation Bill Soon
27.6.2022
The Moroccan central bank is presently working on a cryptocurrency regulation framework bill and according to the bank’s governor, Abdellatif Jouahri, this is set to be introduced soon. The regulatory framework being worked on will result in Morocco’s money laundering...
Swiss National Bank exec: Regulators may favor centralized stablecoins after Terra crisis
27.6.2022
Thomas Moser hinted that regulations might take time as the current regulations would wipe out the decentralized ecosystem like DeFi
Iran Aims to Roll Out Pilot Version of Crypto Rial Within 2 Months
26.6.2022
The government in Tehran is taking steps in preparation of the launch of Iran’s new digital currency, referred to as the crypto rial. The monetary authority of the Islamic Republic hopes to initiate the pilot phase of the project within the next two months. Crypto Rial to Be Different From...
CBDC Ensures Nigeria Remains Competitive in Increasingly Digital World — Central Bank Governor
26.6.2022
The governor of the Central Bank of Nigeria (CBN) has insisted the recently introduced e-naira digital currency can potentially boost trade and investment activities in the country. He added the digital currency “would be necessary in the future to ensure Nigeria is competitive as the world...
Bank of Russia Accelerates Schedule for Digital Ruble Project
26.6.2022
The Central Bank of Russia continues to step up efforts to test and issue the digital ruble, with a roadmap for the full implementation of the new form of the national fiat now expected by the end of 2023. Trials with real transactions and users are scheduled to begin next April, earlier than...
CBDC may threat stablecoins, not Bitcoin: ARK36 exec
24.6.2022
A state-backed digital currency like the U.S. dollar doesn’t necessarily have to be a competitor to a decentralized cryptocurrency, one industry exec believes
'Brutal and unrelentingly hard': Singapore regulator's clampdown on crypto
24.6.2022
The remarks from the regulator's chief fintech officer could see the city-state lose its perception as one of the most crypto-friendly countries in the world
ECB Chief Lagarde: Crypto and Defi Could Pose ‘Real Risks’ to Financial Stability
24.6.2022
The president of the European Central Bank (ECB), Christine Lagarde, says crypto assets and decentralized finance (defi) have the potential to pose “real risks” to financial stability. She has some regulatory suggestions to supplement Europe’s Markets in Crypto Assets...
Fed Chair Powell: We’re Not Seeing Significant Macroeconomic Implications From Crypto Sell-Off
24.6.2022
Federal Reserve Chairman Jerome Powell says the central bank is “not really seeing significant macroeconomic implications” from crypto’s volatility. The Fed chair stressed that there is a need for a better crypto regulatory framework. Fed Chair Powell Says Crypto Needs Better...
Central Bankers' Attack on Crypto is ‘a Legacy Vision’, Failure to Recognize ‘Revolutionary Benefits’ of DeFi - Analysts
23.6.2022
As the Bank for International Settlements’ (BIS), also known as "the central bank of central banks," tried to monopolize trust in money with its new report this week, analysts stress that it simply represents “a legacy vision” that brings a number of new risks, and the BIS fails to recognize...
Gold-Backed Stablecoin Can Help Russia Circumvent Sanctions, Government-Owned Bank Suggests
23.6.2022
Researchers at Russian bank VEB suggested the country issues a gold-backed stablecoin for international payments to evade sanctions
Russia to Trial Digital Ruble Settlements for Real Estate Deals
23.6.2022
The Central Bank of Russia and participating commercial banks want to test various types of payments with the digital ruble, the Russian press reported. The plan is to experiment with smart contracts and transactions related to real estate and crypto asset purchases. Bank of Russia to Launch Smart...
BIS Says Crypto Weaknesses Have Materialized Following Market Sell-Off
23.6.2022
The Bank of International Settlements (BIS), the global body for central banks, claims the weaknesses in crypto that were pointed out before “have pretty much materialized.” BIS General Manager Agustin Carstens opined: “You just cannot defy gravity … At some point,...
New Philippines Central Bank Governor: Crypto Investors Are Adherents of the Greater Fool Theory
22.6.2022
The incoming governor of the Philippine central bank, Felipe Medalla, has suggested that people that invest in cryptocurrencies like bitcoin are adherents of the Greater Fool Theory. He also argued that people investing in cryptocurrencies are doing so because they want to “hide their money...
Qatar at 'Foundation Stage' of CBDC Exploration, Central Bank Governor Says
22.6.2022
The Gulf State central banker praised the "innovation" of crypto assets
Amid Looming Euro Zone Economic Downturn, ECB's Lagarde Worries About Crypto, DeFi
22.6.2022
While the 19 euro-using European Union countries face a gloomy economic outlook, European decision-makers are worried about the potential negative impact of cryptoassets and decentralized finance (DeFi) on the bloc’s financial stability -- and per Christine Lagarde, President of the European...
Qatar Central Bank in ‘foundation stage‘ of launching digital currency
22.6.2022
The bank is exploring technological solutions and platforms for its own digital currency
Chinese Digital Yuan Spending on the Rise Despite COVID-19-induced Slump
22.6.2022
Digital yuan usage has grown x18 in the past 12 months in China – as the central bank-issued token continues to find new users.
According to the central People’s Bank of China, transaction volumes reached the USD 13 billion mark at the end of last year, with a total of 261 million personal...
BIS compares projects to transfer central bank digital currencies across borders
22.6.2022
The international bank found high technical feasibility among the projects, but significant work on legal and governance frameworks still remains to be done
Bank of Spain Has Registered 17 Crypto Companies, Big Names Still Missing
21.6.2022
The Bank of Spain has already included 17 virtual asset service providers in its own registry, in which cryptocurrency exchanges and custody providers must be listed to operate, according to Spanish law. Three new companies were included last week, but big names in the crypto ecosystem are still...