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Bhutan Partners With Ripple to Pilot Digital Ngultrum on a Private Ledger

25.9.2021
The Central Bank of Bhutan, the Royal Monetary Authority (RMA), has partnered with Ripple to start testing a model of its central bank digital currency (CBDC) using Ripple’s technology. The test will be using Ripple’s own CBDC private ledger, to support similar use cases. The pilot...

Crypto has recovered from China's FUD nearly two dozen times in the last 12 years

25.9.2021
Since 2009, China and Hong Kong have "banned" or otherwise caused FUD in the crypto space on 22 separate occasions

Altcoin roundup: There’s more to DeFi than just providing liquidity

25.9.2021
Bitcoin price is down but crypto investors still have a plethora of yield opportunities thanks to DeFi

Deutsche Bank analyst: Bitcoin will be 'ultra-volatile,' but it’s here to stay

24.9.2021
An analyst from global banking giant Deutsche Bank expects Bitcoin will enjoy a “first-mover advantage" over other cryptocurrencies for the foreseeable future

China’s Crypto Crackdown: Fundamentals Still Show Bull Market Continuation, Bobby Lee Says ‘Don’t Panic’

24.9.2021
The People’s Bank of China (PBOC), the country’s central bank, published a Q&A to its website which said that Chinese citizens participating in virtual currency exchange offshore is “considered illegal financial activity.” The PBOC also reiterated comments it...

Bitcoin Price to Face Another Test as Central Banks Eye Rate Hikes

24.9.2021
t central bank in a Western developed nation to do so following the onset of the pandemic, Norway’s central bank, the Norges Bank, this week hiked its interest rate from 0% to 0.25%, citing a need to “begin a gradual normalization of the policy rate” as the economy is “normalizing.” “The

Chinese regulators unite forces to crack down on crypto

24.9.2021
The Chinese central bank sets up a “coordination mechanism” with state agencies to continue battling crypto

Bank of Russia Lists Crypto Companies Among Financial Pyramids

24.9.2021
The Central Bank of Russia has recently expanded its database of financial market players suspected of illicit activities. Several crypto companies have been added to the list along with entities bearing signs of Ponzi schemes, as well as illegal credit organizations and forex dealers. Central Bank...

Crypto adoption is a ‘huge challenge,' says Chinese central bank exec

24.9.2021
PBoC maintains its anti-crypto stance despite local players experimenting with digital yuan-pegged stablecoins

Italian Payments Giant Nexi Involved in Digital Euro Project

24.9.2021
Nexi, a leading European payments company, is reportedly giving advice to the European Central Bank (ECB) related to the digital euro project. The announcement was made by Nexi’s CEO Paolo Bertoluzzo, who also gave his opinion about the future of central bank digital currencies (CBDC)...

Fed Chair Powell Updates Progress of Digital Dollar, Says ‘I Don’t Think We Are Behind’ on CBDC

24.9.2021
Federal Reserve Chairman Jerome Powell has shared the progress of the Fed’s work on a central bank digital currency (CBDC), the digital dollar. “We are working proactively to evaluate whether to issue a CBDC and, if so, in what form,” he said, adding that he does not believe...

Rich Dad Poor Dad Author Calls Evergrande a ‘House of Cards’ While China’s Officials Prep for Firm’s Demise

23.9.2021
The world is still focused on the financial downfall of China’s real estate giant Evergrande and according to Chinese authorities have told the private sector to get “ready for the possible storm.” Reports show that even though the People’s Bank of China already provided...

New decentralized stablecoin in China targets international trade

23.9.2021
Conflux will provide the technology to launch an offshore RMB stablecoin pegged to China’s CBDC, the digital yuan

Another Potential Unfriendly Crypto Regulator, Mercedes FTX + More News

23.9.2021
pto-big-bank-critic-to-run-wall-street-watchdog?sref=3REHEaVI">reported. She may be tapped as soon as this week, and she’s expected to pursue tougher oversight and stricter rules, the outlet’s sources added.Marketing newsMajor crypto exchange

Central Bank of Ukraine Supports Crypto Industry, Fears Cryptocurrency

23.9.2021
The National Bank of Ukraine recognizes the benefits of endorsing crypto innovations but also fears cryptocurrencies could gain ground on the national fiat. Announcing its monetary policy guidelines for the near future, the regulator noted it’s going to defend the status of the hryvnia...

Ripple Says it Will Pilot a CBDC for Bhutan

23.9.2021
l="noopener noreferrer" href="https://twitter.com/Ripple/status/1440782839188897794">claimed that it had partnered with the Royal Monetary Authority of Bhutan (RMA), the nation’s central bank, in a deal that would see the latter “use Ripple’s CBDC solution to pilot a digital ngultrum.”The

Bank Forex Deposits Rise by SH2.6 Billion in July

23.9.2021
The Kenyans’ foreign money deposits in the local banks fell by about Sh2.6 billion in the month of July. This indicates an increase in consumption by the importers, who increased holdings belonging to them in June. According to Kenya National Bureau of Statistics (KNBS) statistics, value...