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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

Bank of England Governor Insists Digital Payments (But Not Crypto) Is Sticking Around

25.1.2021
BoE Governor Andrew Bailey said cryptocurrencies "as originally formulated" are not the ideal form of digital currency

Reserve Bank of India 'exploring the possibility' of a digital currency

25.1.2021
The bank still claimed that government bodies and regulators in India are both “skeptical” and “apprehensive” about crypto

Bank of Singapore Says Crypto Could Replace Gold as Store of Value

25.1.2021
Cryptocurrencies need to overcome a number of hurdles first, though, according to a research note

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

Bank of Singapore Says Cryptocurrencies “Could Replace Gold as a Store of Value” but Unlikely to Displace Fiat Currencies

25.1.2021
A new research note released by the Bank of Singapore (BOS) suggests that cryptocurrencies are more likely to replace gold as a store of value. However, the note says it is unlikely that such digital currencies can replace fiat currencies even as their appeal grows. Inefficient Unit of Exchange...

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

Should I Buy Bitcoin? — Switzerland’s Largest Bank UBS Provides Guidance on BTC Investing

25.1.2021
Switzerland’s largest bank, UBS, has published guidance for clients about investing in bitcoin. The bank answers some important questions, such as whether one should buy bitcoin and other cryptocurrencies and whether bitcoin can be used to diversify portfolios. ‘Should I buy’...

Indian Crypto Exchange Buyucoin Hacked, Sensitive Data of 325K Users Reportedly Leaked

24.1.2021
Indian cryptocurrency exchange Buyucoin has reportedly been hacked and sensitive data of about 325,000 users has reportedly been leaked onto the dark web. According to reports, the leaked data includes personal information, encrypted passwords, user wallet details, order details, bank details,...

Digital Yuan Compatible with at Least Eight Chinese Bank Platforms

23.1.2021
As many as eight commercial Chinese banks may be working on their own digital yuan wallets or banking platforms that can interoperate with the token, with banking groups outside the “big four” also set to roll out their own smartphone-based offerings. The country’s four biggest banks,...

Bitcoin Seen as the Largest Bubble but ‘Tesla More Vulnerable’ — Deutsche Bank Survey

22.1.2021
Deutsche Bank has conducted a survey about financial bubbles. Eighty-nine percent of respondents see some bubbles in financial markets, with bitcoin near the “extreme bubble” territory. However, more respondents expect the cryptocurrency to double than they do Tesla’s stock....