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Argentine President Javier Milei Seeks to Penalize Central Bank Money Issuance
27.2.2024
Javier Milei, the libertarian president of Argentina, is seeking to stop the issuance of money by the country’s central bank. Milei stated he would send a bill to Congress to penalize issuing money with jail time, explaining that central bank officials approving these movements would...
FSB To Focus on Asset Tokenization and AI, Chair Says
26.2.2024
In a letter dated February 20 and released February 26, Knot told G20 finance ministers and central bankers that the global financial stability outlook “remains challenging.”
The post FSB To Focus on Asset Tokenization and AI, Chair Says appeared first on Cryptonews
ECB’s Disparaging Comments on Bitcoin Draw the Ire of Crypto Community
23.2.2024
On February 22, the European Central Bank (ECB) described Bitcoin as a 'dead cat' and criticized its use in criminal activities on the darknet. These remarks have ignited a backlash from the crypto community, questioning the ECB's stance and credibility.
The post ECB’s Disparaging Comments...
European Central Bank criticizes the US SEC’s Bitcoin ETF approval
23.2.2024
Long story short, the European Central Bank remains wary, if not a supporter, of Bitcoin, despite the US SEC’s recent approval of the Spot Bitcoin ETF applications. This is based on a blog post by Ulrich Bindseil and Jürgen Schaaf, who advocate for ETF approval for Bitcoin, the naked...
The European Central Bank Is Either Lying About Bitcoin or Lying to Itself
22.2.2024
ECB Director General Ulrich Bindseil and advisor Jürgen Schaaf are definitely against bitcoin, but their reasons don’t make a lot of sense
ECB Officials' Statement on Bitcoin's Failed Promise and ETFs
22.2.2024
"Bitcoin has failed on the promise to be a global decentralised digital currency and is still hardly used for legitimate transfers. The latest approval of an ETF doesn’t change the fact that Bitcoin is not suitable as means of payment or as an investment," two ECB officials wrote in a blog post
ECB Says ETF Approval Does Not Change Bitcoin’s Unsuitability as Payment or Investment
22.2.2024
The European Central Bank (ECB) has reiterated its position on Bitcoin (BTC), stating that the approval of spot ETFs for the cryptocurrency does not change its unsuitability as a means of payment or investment.
The post ECB Says ETF Approval Does Not Change Bitcoin’s Unsuitability as Payment...
Turkish Central Bank Releases First Phase of its CBDC Evaluation Report
21.2.2024
The phase 1 of digital Turkish lira involved preliminary tests of strategic technologies, the central bank of Turkey noted.
The post Turkish Central Bank Releases First Phase of its CBDC Evaluation Report appeared first on Cryptonews
Hong Kong's Central Bank Issues Guidance for Firms Offering Crypto Custodial Services
20.2.2024
Hong Kong's central bank issued guidance for authorized institutions interested in providing custody services for digital assets
Indian National Payments Corporation Exec Optimistic on RBI’s CBDC Efforts
20.2.2024
Dilip Asbe said the Reserve Bank of India’s new central bank digital currency (CBDC) plans could drive the next fintech wave.
The post Indian National Payments Corporation Exec Optimistic on RBI’s CBDC Efforts appeared first on Cryptonews
Fed Governor Discusses Crypto’s Impact on US Dollar Dominance — Says Banks Should Avoid Bitcoin ETFs as Primary Asset
18.2.2024
A Federal Reserve governor has addressed crypto’s impact on the U.S. dollar’s dominance. Additionally, he expressed reservations about the need for a U.S. central bank digital currency (CBDC) and stated his opposition to banks holding bitcoin exchange-traded funds (ETFs) as their...
Nigeria’s Headline Inflation Increases as Central Bank Intensifies Foreign Exchange Controls
17.2.2024
In the first month of 2024, Nigeria’s headline inflation rose from nearly one percent to 29.9%. However, on a year-on-year basis, the January 2024 headline inflation rate was 8.08 percentage points higher than the January 2023 rate. Many commentators identify foreign exchange shortages as...
Honduras Tightens Crypto Regulations, Prohibits Bank Transactions and Holdings
17.2.2024
The National Banking and Securities Commission of Honduras (CNBS) has passed a resolution prohibiting the country’s financial institutions from engaging in cryptocurrency-related activities. The CNBS stated that crypto transactions cannot be guaranteed by the Honduran central bank due to...
Stablecoins Are the ‘Biggest Misnomers’ and ‘Oxymorons’ Says New Zealand Central Bank Governor
15.2.2024
The New Zealand Central Bank governor, Adrian Orr, recently branded stablecoins “the biggest misnomers” and “oxymorons.” Orr also rejected the notion that cryptocurrencies could serve as a replacement or supplement to central bank-issued money. Stablecoins Not a Viable...
Fed Chair Powell Briefs Lawmakers on US Central Bank Digital Currency Progress
15.2.2024
Federal Reserve Chairman Jerome Powell has provided an update to Congress members regarding the Fed’s central bank digital currency (CBDC) work. “If we’re going to have a CBDC, Congress needs to authorize it,” he stressed. Moreover, the Fed chair reportedly said that a framework...
Philippines to Develop Blockchainless Wholesale CBDC in Two Years
14.2.2024
The Central Bank of the Philippines will develop a central bank digital currency (CBDC) in the next two years, according to Governor Eli Remolona Jr. The still unnamed CBDC will focus on the wholesale market and won’t use blockchain tech, instead relying on the Philippine Payment...
CEO of Bank Involved In Pig Butchering Scheme Charged With Embezzling $47 Million
13.2.2024
In a startling breach of trust, the CEO of Heartland Tri-State Bank is facing charges for orchestrating an embezzlement of $47 million. The high-profile case came to light following revelations that the bank played a central role in a sophisticated ‘pig butchering’ scheme, according...
Fordefi Raises $10 Million from Electric Capital, Paxos to Make Retail Wallets Safer
13.2.2024
Crypto wallet provider Fordefi announced today via press release that it has raised $10 million in funding to help bring its institutional-grade crypto wallet to retail platforms. In other words, the company wants to develop its user-owned self custody wallet-as-a-service (WaaS) solution...
Nigeria Faces Pressure to Tighten Crypto Regulations for Financial Crime Prevention
12.2.2024
Nigeria faces calls to go further in its efforts to clarify crypto regulation after a blockchain firm successfully finished training its fifth cohort of crypto compliance specialists last weekend. Blockchain intelligence service provider A&D Forensics teaches a course on curbing financial...
Philippines Central Bank Eyes Bank-Mediated Non-Blockchain CBDC in Next Two Years
12.2.2024
Governor Eli Remolona of the Philippines Central Bank (BSP) has disclosed the central bank’s plans to introduce a wholesale central bank digital currency (CBDC) in the coming years. The Bangko Sentral ng Pilipinas (BSP) is optimistic about the ongoing growth of digital payment technologies...