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G7 to discuss CBDC and digital taxation this week
9.2.2021
The G7 will begin its Feb. 12 meeting on the subject of central bank digital currencies, before moving to digital taxation and accelerating global debt
Cordoba Becomes the First Argentinean Province to Impose Taxes on Crypto-Related Activities
9.2.2021
In Argentina, a provincial legislature has voted in favor of a bill to impose new taxes on gross incomes from crypto transactions. Cordoba’s central province is now the first one to impose crypto taxes in the country, which involves crypto exchange platforms and retail traders. Approved...
South Korean Central Bank: Build Legal Boundary Between CBDCs & Crypto
8.2.2021
Source: Adobe/Снежана Кудрявцева
The South Korean central bank – the Bank of Korea (BOK) – wants Seoul to draw a line between central bank digital currencies (CBDCs) and cryptoassets, and hopes the government will make an eleventh-hour adjustment to a key crypto law that promulgates next month.
The...
Bank of Korea publishes book on central bank digital currency's legal issues
8.2.2021
South Korea's central bank has issue a book on legal matters that would need to be addressed to ensure the smooth operations and usefulness of a future central bank digital currency
Hardware wallet for digital yuan debuts in Xiong’an New Area
8.2.2021
China’s first hardware wallet for the digital yuan supports dual offline payments without an internet connection
Nigerian Central Bank Says Its Ban on Crypto Accounts Is Nothing New
7.2.2021
The Central Bank of Nigeria said its warning to banks on Friday was not a new position, but a reiteration of its 2017 stance on cryptocurrencies
Central Bank of Nigeria Orders Banks to Close Accounts of Crypto Clients as Remittances via Traditional Corridors Drop by 97%
6.2.2021
The Central Bank of Nigeria (CBN) has circulated a letter directing banks and financial institutions to identify and close accounts of cryptocurrency transacting entities. The directive, which took immediate effect, threatens “severe regulatory sanctions” to financial institutions that...
India’s Central Bank RBI Close to Digital Currency Decision as Paypal Exits Indian Payments Market
6.2.2021
The Reserve Bank of India (RBI) is actively working on a digital currency and will make a decision “very soon,” the central bank has reportedly confirmed. Meanwhile, payments giant Paypal is shutting down its payment services within India. RBI Near Digital Rupee Announcement As...
Russia’s regulatory sandbox and the implementation of blockchain tech
6.2.2021
The regulatory sandbox that came into effect in Russia last month is aimed at boosting innovative technology implementation
Binance Suspends Deposits in Nigeria Following Central Bank Directive
5.2.2021
Nigeria's central bank told financial institutions they couldn't provide crypto companies or users with services on Friday
Nigeria’s Central Bank Orders Banks to Close Accounts of All Crypto Users
5.2.2021
Any breaches of the order would face "severe regulatory sanctions," the central bank warned
Central Bank of Nigeria bans banks from servicing crypto exchanges
5.2.2021
Nigeria's central bank has prohibited commercial banks from providing account services to crypto exchanges
Australia’s Central Bank Says Bitcoin ‘Not Really Money,’ No Risk to Financial Stability
5.2.2021
The Reserve Bank's assistant governor for financial systems, Michelle Bullock, said there is "a lot of fuss over bitcoin."
China’s Central Bank Is Partnering With SWIFT on a New Joint Venture
3.2.2021
It's unclear what the new group's mission will be, though People's Bank of China employees working on its digital currency efforts will be involved
Interoperability will determine CBDC winners and losers
2.2.2021
To be first is to set the tone for the industry and control the space — a tactic otherwise known as the first-mover advantage
US Federal Reserve Seeking Manager to Research CBDCs and Stablecoins
2.2.2021
The U.S. Federal Reserve (Fed) has posted a job advertisement that seeks to hire a role related to stablecoins and central bank digital currencies (CBDC). The Fed is looking for a research manager to join its team to assess the “benefits and risks” of digital assets. The Role Is Part...
Visa CEO Says Payments Giant Set to Introduce Cryptocurrency Trading on Its Network
31.1.2021
Payments giant Visa Inc’s CEO Alfred Kelly has revealed his firm’s plans to enable cryptocurrencies trading on its network. Kelly, who is also chairman of the firm, explains that there is no reason not to add cryptos when these are increasingly becoming “a recognized means...
Indian Parliament to Consider Bill That Creates Digital Rupee While Banning Cryptocurrencies in Current Session
30.1.2021
The Indian government has finally moved forward with a cryptocurrency bill. Entitled “The Cryptocurrency and Regulation of Official Digital Currency Bill 2021,” the bill has been listed for consideration in the current parliamentary session of Lok Sabha, the lower house of India’s...
Irish central bank governor says crypto investors could lose all their money
29.1.2021
Despite being worried about consumer protection, the central banker is confident that Bitcoin is no threat to financial stability
Dutch Bitcoin Exchange Files Preliminary Injunction to Suspend Wallet Verification Rule Enacted by the Netherlands
29.1.2021
A Dutch bitcoin (BTC) exchange has filed a preliminary injunction at a court in Rotterdam to suspend the central bank’s additional wallet-verification requirements. Bitonic seeks to challenge the new rules enacted by the De Nederlandsche Bank (DNB) on Sept. 21, 2020. Dutch Exchange Argues...