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BIS Chief Banker Criticizes Bitcoin as Inherently Risky, Says BTC Vulnerable to 51% Attack
29.1.2021
Bank for International Settlements (BIS) general manager Agustin Carstens has criticized bitcoin saying the asset was inherently risky and “increasingly vulnerable” to a 51% attack. A long time bitcoin (BTC) skeptic, Carstens stressed that only central banks should be issuing digital...
Central banks must play ‘pivotal role’ in digital money, says BIS exec
28.1.2021
An exec at the Bank for International Settlements wants central banks to helm the evolution of digital money
BIS: CBDC Research Gaining Steam but Widespread Issuance Years Away
27.1.2021
Central banks remained adamant cryptocurrency does not factor into their CBDC calculus
86% Of Surveyed Central Banks Now Engage In CBDC Work - BIS
27.1.2021
As the world’s central banks are increasingly looking into central bank digital currency (CBDC) projects, their focus is shifting into more advanced stages of CBDC engagement, with more banks moving from conceptual work to experimentation, according to a new report by the Bank for International...
Central banks representing a fifth of world’s population likely to issue CBDC in 3 years: BIS
27.1.2021
Many nations are moving to advanced stages of CBDC engagement, according to the Bank for International Settlements
Dutch Bitcoin Exchange Takes Central Bank’s KYC Requirements To Court
27.1.2021
Dutch bitcoin (BTC) exchange Bitonic has filed for a preliminary injunction at a Rotterdam court in a bid to suspend a wallet verification rule enacted by the De Nederlandsche Bank (DNB), the country’s central bank. The platform said its decision is motivated by the fact that the imposed know your...
Dutch Bitcoin exchange drags central bank to court over wallet KYC rule
27.1.2021
One Dutch Bitcoin exchange has taken legal action against the central bank over its controversial crypto wallet verification law
Bahrain Central Bank Issues License to Shariah-Compliant Crypto Exchange
27.1.2021
Middle Eastern crypto exchange Coinmena said this week that it had obtained a crypto assets services company license from the Central Bank of Bahrain (CBB) ahead of its planned launch. In receiving the license, the exchange, which has been certified by the Shariyah Review Bureau, said it had...
Philippine Central Bank Widens Cryptocurrency Regulation — Sees ‘Accelerated Growth’ in Crypto Activity
27.1.2021
The Philippines’ central bank, the Bangko Sentral ng Pilipinas (BSP), has expanded the country’s cryptocurrency regulation after seeing “accelerated growth” in the use of crypto exchanges. The new regulatory framework is in line with the guidelines recommended by...
Bank of England Governor Warns Cryptocurrencies Won’t Last
27.1.2021
The governor of the Bank of England, Andrew Bailey, believes that no existing cryptocurrencies will last. Talking about the design, governance, and arrangements of “a lasting digital currency,” the head of England’s central bank said, “I don’t think cryptocurrencies...
Indian Central Bank Sees Cryptocurrencies Gaining Popularity, Exploring Digital Rupee
26.1.2021
India’s central bank, the Reserve Bank of India (RBI), has published a booklet with a section about cryptocurrency and the digital rupee. The central bank acknowledged that cryptocurrencies have gained popularity in recent years and confirmed that it is exploring the need for a central bank...
Philippines' central bank to license crypto trading and custody firms
26.1.2021
The Bangko Sentral ng Pilipinas has expanded its regulatory remit of the crypto space to include all cryptocurrency financial service providers
Chinese Central Bank Governor Signals USD 37B Ant IPO May Still Happen
26.1.2021
Alibaba boss Jack Ma. Source: a video screenshot, Youtube, Viva Technology
What was set to become the biggest initial public offering (IPO) in the world – the floating of Chinese business giant Alibaba’s fintech and blockchain arm Ant Group – could well be back on at some point in the future,...
BoE Governor: cryptocurrencies of today are destined to fail long term
26.1.2021
The U.K. central bank governor believes existing cryptocurrencies will fail over the longer term due to their robust privacy features
Shariah-Compliant Crypto Exchange Wins License From Bahrain Central Bank
25.1.2021
Launching soon, CoinMENA said it will offer spot trading in five major cryptocurrencies
Bahrain central bank licenses Sharia-compliant crypto exchange
25.1.2021
Bahrain-based crypto exchange CoinMENA acquired a major license ahead of its launch in several countries including the UAE and Saudi Arabia
Law Decoded: Bank payments going global with stablecoins and CBDCs, Jan. 15–22
22.1.2021
Retail users may have to wait in much of the world, however
BIS Plans Platform for Testing Central Bank Digital Currencies in Cross-Border Payments
22.1.2021
The new platform was announced as part of the BIS Innovation Hub's priorities and programs for 2021
The ‘central bank of central banks’ is building a CBDC settlement platform
22.1.2021
The Bank of International Settlements has outlined plans to embark on a variety of CBDC trials worldwide this year
Sweden is working with DLT for its CBDC proof-of-concept
20.1.2021
Sweden’s central bank deputy governor recently updated the public on the country’s CBDC exploration