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Annual US Dollar Remittances to Nigeria Surge to $34 Billion but Forex Woes Persist
31.8.2021
According to a report, the value of annual dollar remittances by Nigerians working abroad has surged to $34 billion, a figure that easily surpasses the previous record-high of $25 billion. Still, a large portion of the funds doesn’t seem to be entering domestic forex markets. Target Attained...
Nigeria's central bank partners with fintech firm Bitt Inc for CBDC rollout
31.8.2021
The CBN considered Bitt Inc’s experience in the development of the Eastern Caribbean Central Bank’s DCash, launched in April
South African Central Bank Governor Reiterates: ‘Crypto Is Not Currency’
30.8.2021
The governor of the South African Reserve Bank (SARB), Lesetja Kganyago, has reiterated the central bank’s longstanding belief that cryptocurrencies like bitcoin are not currencies. According to Kganyago, crypto-assets, as he prefers to call them, are not currencies because they fail to meet...
Singapore central bank shortlists 15 companies to develop retail CBDC
30.8.2021
The 15 finalists will be mentored by the MAS and “be given access to the APIX Digital Currency Sandbox for rapid prototyping of digital currency solutions.”
Nigerian Central Bank Reveals CBDC Guidelines, Announces Plan to Launch E-Naira Wallet
30.8.2021
The Central Bank of Nigeria (CBN) has reportedly confirmed that its e-naira digital currency will have a legal tender and non-interest-bearing asset status. In addition, a limit on customer transactions and value-based transactions will be imposed. Five-Stage Launch According to a Nairametrics...
Nigeria's central bank issues draft guidelines on eNaira CBDC project
30.8.2021
CBN says the proposed central bank digital currency will offer parity of value and will operate as a non-interest-bearing CBDC
ECB Vice President States Crypto Should Be Regulated Like Other Assets
30.8.2021
European Central Bank (ECB) Vice President Luis De Guindos has stated he wants cryptocurrencies to be subject to the same rules that other assets are. The statements were offered in a presentation given as part of the summer courses offered by the European Parliament, where De Guindos declared...
Afghanistan’s Economic Crisis: ‘No One Has Money’ Says Afghani Banker After US Seized Central Bank’s Assets
28.8.2021
The troubles in Afghanistan rage on after the U.S. government spent 20 years and trillions of dollars on a conflict that was never resolved. The U.S. government, Federal Reserve, and allied partners have seized the central bank of Afghanistan’s assets and as time passes, the country’s...
China to ‘maintain a high-pressure situation’ on crypto, official says
27.8.2021
An official at the People's Bank of China saidthat the public should increase their risk awareness and stay away from crypto investments
India CBDC pilot may commence in December, says RBI governor
27.8.2021
India’s central bank is carefully considering the merits of issuing a digital rupee as CBDC exploration continues to gather steam across the globe
Korea’s FSC Chairman Nominee Skeptical Over Cryptocurrency as Financial Asset
26.8.2021
A former central bank official, nominated to head South Korea’s financial watchdog, has expressed skepticism about recognizing cryptocurrency as a financial asset. In comments to a parliamentary committee, Koh Seung-beom has confirmed his views on the matter align with those of international...
Tezos Chosen by Swiss Banking and Fintech Operators to Deliver On-Chain Financial Products
26.8.2021
Incore Bank, in partnership with Inacta and Crypto Finance Group, has selected Tezos as their preferred blockchain platform to develop regulatory-compliant digital financial products via a newly developed token standard titled DAR-1. Tezos to Enable Smart Contracts for European Banks ...
Poll shows Brits concerned over prospect of digital pound
24.8.2021
In a recent survey, British adults expressed concerns of personal privacy and government interference on the prospect of a government-backed digital currency
Swiss B2B bank InCore launches new tokenization tool using Tezos
24.8.2021
InCore Bank also announced the upcoming launch of Tezos custody, staking and trading services targeting financial institutions
Crypto ‘not protected by law,’ rules provincial high court in China
23.8.2021
A provincial high court ruling in China has set a potential precedent by declining to protect a plaintiff’s $10,000 worth of lost crypto tokens
Brazil’s central bank president endorses crypto regulation
20.8.2021
Central bank head Roberto Campos Neto recognized the demand for greater crypto regulation as the country evolves in the market
JPMorgan Chase reportedly shuts down bank accounts of Bitcoin mining firm
19.8.2021
Delaware-based Compass Mining offers U.S. citizens exposure to Bitcoin mining via its private infrastructure
Thailand's central bank outlines safeguards for a future retail CBDC
19.8.2021
The results of a new study from the Bank of Thailand point to three key considerations for making sure a retail central bank digital currency doesn't adversely impact financial stability
Nigerian Central Bank Freezes Bank Accounts of Fintech Firms, Accuses Them of Violating Forex Regulations
19.8.2021
The Central Bank of Nigeria (CBN) reportedly frozen bank accounts belonging to four fintech firms for up to 180 days after a Federal High Court in Abuja acceded to an “ex parte motion.” The ex parte motion, which is a form of temporary suspension, was granted after a Nigerian chief...
Draft El Salvador Bitcoin banking regulations released
19.8.2021
El Salvador’s Banco Central de Reserva has released two documents detailing how banks should deal with Bitcoin