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Rwanda Government Orders Banks to Stop Facilitating Crypto-Related Transactions
14.2.2023
According to the National Bank of Rwanda, the country’s regulated financial services providers are now prohibited from facilitating crypto-related transactions. In her Jan. 31 letter justifying the decision, the acting governor Soraya Hakuziyaremye cites the unregulated status of most crypto...
Kazakhstan’s digital currency in pilot stage, per Binance, National Bank joint report
3.2.2023
The Central Asian country’s CBDC project is right on time, according to a 2020 roadmap, as consumers and merchants use the currency in a controlled environment
Georgia Prepares to Launch Digital Lari Pilot in First Half of 2023
17.1.2023
The central bank of Georgia intends to publish a document detailing the concept of a national digital currency in the coming months. Other participating parties will use it to finalize their proposals for the pilot which the monetary authority plans to initiate in the first half of the year....
National Bank of Kazakhstan Publishes Whitepaper for Digital Tenge
18.12.2022
The central bank of Kazakhstan has completed the second phase of testing for its digital currency and published a whitepaper. The studies carried out by the regulator on its introduction did not identify significant risks for the country’s financial stability and economy. Monetary Authority...
National Bank of Ukraine Unveils E-hryvnia Concept
1.12.2022
The central bank of Ukraine has presented to interested parties a draft concept of the nation’s future digital currency, the e-hryvnia. The regulator is currently considering several potential applications for its digital coin, including retail payments and cross-border settlements. Ukraine’s...
National Bank of Ukraine is Looking at CBDCs for Retail Payments, Cross-Border Transactions, and Crypto Trading
30.11.2022
Ukraine is continuing the work on its digital hryvnia, or e-hryvnia, despite the ongoing aggression by Russia.
The National Bank of Ukraine (NBU) introduced a draft concept for its central bank digital currency (CBDC) on Monday this week. The statement said that the key purpose of e-hryvnia is...
National Bank of Ukraine releases draft concept for digital hryvnia
29.11.2022
One of the design options for the Ukrainian CBDC describes the e-hryvnia available for usage in crypto exchange operations
National Bank of Kazakhstan to Integrate Digital Tenge With BNB Chain, Binance CEO Unveils
28.10.2022
The central bank of Kazakhstan intends to use Binance’s blockchain platform Bnb Chain for the deployment of its upcoming digital currency. The decision was made public on social media by Changpeng Zhao, the chief executive of the global crypto exchange which was recently licensed to work...
Central banks can push DeFi into mainstream: Swiss National Bank official
30.9.2022
A combination of centralization and decentralization is a perfect mix for the development of crypto and DeFi, according to a Swiss National Bank official
Crypto Lender Nexo Acquires Minority Stake in OCC-Regulated Summit National Bank
27.9.2022
Cryptocurrency lender Nexo has acquired a minority stake in Summit National Bank, a financial institution regulated by the Office of the Comptroller of the Currency (OCC)
Report: Gap Between Ethiopian Currency’s Official and Parallel Market Exchange Rate Grows to New Record
25.9.2022
The Ethiopian birr currency’s parallel exchange rate against the U.S. dollar recently dropped to a low of 92 birrs per dollar, a report has said. The report added that following this latest plunge, the gap between the birr’s official and parallel market exchange rates has widened to...
Ethiopian Central Bank Restricts Amount of Cash Travelers Can Hold, Sets Foreign Currency Conditions
13.9.2022
According to the National Bank of Ethiopia’s directive, which became effective on September 5, persons entering and departing the country in possession of local currency are now subject to new restrictions. Individuals may not hold local currency whose value exceeds $57.00 or 3,000 birr....
Report: Ethiopia-Based Crypto Service Providers Told to Register With the Country’s Cybersecurity Agency
28.8.2022
Cryptocurrency service providers operating in Ethiopia are now required to register with the country’s cybersecurity agency known as the Information Network Security Administration (INSA), a report has said. According to the agency, legal measures will be applied to crypto entities that fail...
Swiss National Bank exec: Regulators may favor centralized stablecoins after Terra crisis
27.6.2022
Thomas Moser hinted that regulations might take time as the current regulations would wipe out the decentralized ecosystem like DeFi
Bank of Kyrgyzstan Issues Warning About Cryptocurrencies, Crypto Payments
16.6.2022
Amid the growing popularity of cryptocurrencies in Kyrgyzstan, the country’s central bank has reminded citizens about the risks associated with the digital assets. The monetary authority also warned that crypto payments are illegal in the Kyrgyz Republic. National Bank of Kyrgyzstan Urges...
Ethiopian Central Bank Urges Residents to Stop Engaging in Crypto Transactions
8.6.2022
The National Bank of Ethiopia (NBE) has said it does not recognize cryptocurrencies as a legitimate method of payment and that residents must avoid using them. The bank insists the local birr currency is the only lawful means of settling transactions in Ethiopia. Illegal Transactions The Ethiopian...
Czech Central Bank Plans Tenfold Increase in Gold Holdings, New Governor Says Precious Metal ‘Good for Diversification’
4.6.2022
The incoming governor of the Czech National Bank (CNB), Aleš Michl, has said he plans to increase the institution’s gold holdings almost tenfold from the current 11 tonnes to 100 tonnes. Michl also said he will ask the bank’s foreign exchange reserves management team to invest...
Swiss National Bank: ‘Buying Bitcoin Is Not a Problem for Us’
1.5.2022
Switzerland’s central bank, the Swiss National Bank, says buying and holding bitcoin as a reserve currency is not a problem for the bank. “We can arrange the technical and operative conditions relatively quickly, when we are convinced we must have bitcoin in our balance sheet,”...
Swiss National Bank Owns No Bitcoin, but Could Buy in the Future, Chair Says
29.4.2022
Buying the cryptocurrency technically feasible, but didn't meet norms, Thomas Jordan said
Report: Cambodia Reaffirms Stance Against Unsanctioned Crypto-Related Activities
28.4.2022
Cambodian authorities have reportedly said that no cryptocurrency company has been issued a business license yet, and that conducting cryptocurrency-related activities in the country is still illegal. Fintech Industry Growing Rapidly The Cambodian government has not greenlighted the issuing or...