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China Calls Bitcoin and Stablecoins ‘Investment Alternatives’ for the First Time Since Crypto Crackdown
20.4.2021
After the well-known crypto crackdown launched by the Chinese government four years ago, it seems there is now a change in the tone from the country’s central bank. At least that’s what has been suggested recently by the deputy governor of the People’s Bank of China (PBoC)....
Bank of England and HM Treasury Launch a Central Bank Digital Currency Taskforce
19.4.2021
Her Majesty’s Treasury and the Bank of England have revealed the establishment of a central bank digital currency (CBDC) taskforce. According to the announcement, the group’s purpose aims to explore a potential UK CBDC. UK Entities Invoke a CBDC Taskforce to Explore a Central...
Bahamas ranked first for retail CBDC development, according to PwC
19.4.2021
Countries like the Bahamas and Thailand are on the leading edge of CBDC development, according to a new research report
Société Générale Launches Blockchain-Based Structured Product
19.4.2021
French financial services giant Société Générale has issued security tokens on Tezos’ public blockchain as part of its ongoing experimentation with cutting-edge fintech applications. Latest Move Reflects Bank’s Efforts to Fold Cryptocurrency Operations Into...
China aims to let foreigners use digital yuan at Winter Olympics in 2022
19.4.2021
China wants to allow foreign athletes and visitors to use the county’s digital currency during the Beijing Winter Olympics in 2022
UK government establishes central bank digital currency task force
19.4.2021
The United Kingdom is the latest country to begin exploring the possibility of creating a central bank digital currency
Chinese Central Bank Calls Bitcoin an ‘Investment Alternative’
19.4.2021
China may be softening its tone on cryptoassets, almost four years after it exacted a crackdown on bitcoin (BTC), altcoins and crypto exchanges, with encouraging remarks from Li Bo, the new deputy governor of the central People’s Bank of China (PBoC).
Li Bo was quoted by multiple media outlets...
Bank of America Survey: 74% of Fund Managers See Bitcoin as a Bubble
19.4.2021
The most recent Bank of America Fund Manager Survey shows that about three out of four professional investors think that bitcoin is a bubble. The fund managers also rated bitcoin second on the list of the most crowded trades. Recently, investment bank JPMorgan also warned that cryptocurrency as...
China is studying crypto as an investment tool, says PBoC deputy governor
18.4.2021
The central bank official said stablecoins issued by private companies may require "stronger regulatory rules" than Bitcoin
P2P Bitcoin Traders in Nigeria Think Outside the Box in the Wake of CBN Restrictions
18.4.2021
After the Central Bank of Nigeria issued a directive targeting the country’s cryptocurrency industry, bitcoin and altcoin trade volumes on centralized exchanges immediately plunged. Nevertheless, the new regulations seem to have succeeded in boosting crypto trade volumes on informal markets...
You can’t talk about blockchain and not bring up CBDCs and stablecoins
17.4.2021
Economies are currently experiencing the development of brand new ideas around CBDCs, stablecoins or private digital currencies
Bank of Brazil Becomes the First State-Backed Bank to Allow Customers Exposure to a Crypto ETF
17.4.2021
Brazil’s first crypto ETF debut is postponed, but not because plans have failed whatsoever. The Bank of Brazil (Banco do Brasil) is now joining the bandwagon of ETF issuances, following the same steps as Bank Itaú and BTG Pactual did. New Launch Date Set for April 26 According to...
Nigeria’s SEC in Talks With Central Bank of Nigeria Over Crypto Regulation— 2020 Crypto Guidelines Still Suspended
17.4.2021
Nigeria’s Securities and Exchange Commission (SEC) has revealed that talks with the Central Bank of Nigeria (CBN) regarding the regulation of cryptocurrencies are ongoing. The securities regulator also reiterated that due to a CBN directive that was issued on February 7, 2021, the crypto...
Turkey Bans Cryptocurrency Use for Payments as Local Currency Plunges
16.4.2021
The Central bank of the Republic of Turkey has issued a cryptocurrency regulation prohibiting the use of cryptocurrencies for payments of goods and services. From the end of this month, crypto assets cannot be used directly or indirectly as a means of payment in the country and no service can...
Nigeria's SEC says central bank's crypto ban disrupted the market
16.4.2021
The Securities and Exchange Commission of Nigeria says it is working with the central bank to create a legal framework for cryptos and digital assets
Turkey to ban cryptocurrency payments
16.4.2021
Turkey's central bank is also banning payment providers from offering fiat-to-crypto onramps for cryptocurrency exchanges
Russian Finance Ministry, Central Bank at Loggerheads over Crypto Tax - Report
15.4.2021
The Russian Ministry of Finance and the nation’s Central Bank are still at odds over crypto tax laws, per a local media report.
According to Interfax, an anonymous “source familiar with the talks” between the two parties, who must forge the nation’s crypto policy, “cannot agree” on a number of...
Nearly 75% of professional investors see Bitcoin as bubble: survey
15.4.2021
Bank of America asked 200 professional investors with $533 billion in assets under management about their opinions on Bitcoin
Brazil’s Central Bank President Expects to Have News on a CBDC ‘Soon’
14.4.2021
The largest country in Latin America could have its central bank digital currency (CBDC) soon, as the Brazilian central bank is taking steps towards creating it. Recently, the Banco Central do Brasil (BCB) president hinted at the possibility of having news on the matter “soon.”...
European Central Bank releases results of digital euro consultation
14.4.2021
Privacy concerns regarding the digital euro abound as the European Central bank test the waters for a central bank digital currency