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Biden Admin weighing bank-like regulation for stablecoin issuers

1.10.2021
The United States government appears keen to tame the rapidly growing stablecoin market, according to reports

Singapore Grants Crypto Licenses to DBS and Independent Reserve

1.10.2021
The Monetary Authority of Singapore (MAS), the country’s central bank, has formally approved two companies to provide crypto services. One is the brokerage arm of DBS, the largest bank in Singapore and Southeast Asia. The other is Independent Reserve, a crypto exchange and OTC trading desk....

Brazil Stock Exchange wants to provide oracles for digital real

1.10.2021
“We are looking at it and evaluating the best ways to interact and participate in this ecosystem,” a B3 exec said

Egyptian Banks Set to Launch Multi-Million Dollar Fintech Fund

1.10.2021
Egyptian banks are reportedly on course to launch a $69.6 million fund which is earmarked to support the country’s fintech companies. According to a report, this fund is expected primarily to target the digital banking and financial services sector. Fintech Apps Targeted Fintech apps that...

Reserve Bank of New Zealand Seeks Public Opinion on Central Bank Digital Currency

1.10.2021
The central bank of New Zealand has lined up among monetary authorities exploring the question of issuing their own digital currencies. The financial regulator is now seeking feedback from the public about the need for a digital form of the national fiat while also promising to preserve cash....

Global CBDC bridge needs public and private cooperation, says BIS

1.10.2021
Cooperation between public and private sectors would be vital for a global CBDC system, says a new joint report

Nigerian Lawmaker Proposes Closure of All Domiciliary Accounts in Order to Save Imperiled Naira

30.9.2021
Nigerian lawmaker Ibrahim Obanikoro has called on Nigerian authorities to “close all domiciliary accounts for the next 12 months.” Such a move, he argues, will help to ease pressure on the naira, which has depreciated by more than 10% in the past two months. The Naira’s...

Central Banks Should Allow Salaries, Social Transfers to be Paid in CBDCs - BIS

30.9.2021
ivate innovation, all the while preserving public trust.The BIS worked on the papers in cooperation with the Bank of Canada, Bank of England, Bank of Japan, European Central Bank, US Federal Reserve, Sweden’s Sveriges Riksbank, and the Swiss National Bank. The studies analyze policy options a

New Zealand central bank releases issue paper on digital currency

30.9.2021
The central bank of New Zealand has outlined the major benefits of CBDC designs based on blockchain technology

Bank of England unveils all-star payments and tech lineup for CBDC Forums

30.9.2021
Executives and experts from Google, Amazon, PayPal and ConsenSys will be assisting Britain’s central bank with its CBDC research

‘Faster and Cheaper Cross-Border Transfers’ — Banking Report Led by BIS Highlights the Benefits of Cryptocurrency

30.9.2021
According to a report published by the Bank of International Settlements (BIS) and a group of central banks, digital currencies can lead to faster settlement and cheaper transfers. Moreover, the banking group leveraged a prototype that shows how money transfers can be done in seconds with very...

Ukraine’s central bank seeks to hire a blockchain developer, job posting reveals

29.9.2021
The development marks another sign of the digital hryvnia project picking up steam

Fed Chair Says US Inflation ‘More Enduring Than Anticipated’ — Strategist Predicts 10% Market Correction

29.9.2021
Americans are not only worried about future inflation, but they are also dealing with dwindling purchasing power in real-time. Meanwhile, on Thursday, Federal Reserve chairman Jerome Powell plans to address the Senate Banking Committee and discuss inflation. In the remarks pre-published from...

Swiss Regulator Approves First Crypto Fund: Asset Manager Says ‘It’s an Exceptional Achievement’

29.9.2021
Switzerland’s Financial Market Supervisory Authority (FINMA) has approved the first Swiss crypto fund. It is managed by asset manager Crypto Finance and custodied by Seba Bank. “For the first time, FINMA has approved a Swiss fund that invests primarily in cryptoassets,” said...

Central Bank of Ukraine Seeks to Hire Blockchain Developer

29.9.2021
National Bank of Ukraine is hiring a blockchain expert who will likely support its digital currency project. The vacancy has been announced as the financial institution prepares to pilot e-hryvnia salary payments for government workers as early as this year. NBU Posts Blockchain Developer Ad...

Nigerian CBDC Website Goes Live, Central Bank Faces Trademark Infringement Allegations

29.9.2021
According to reports from Nigeria, the official website for the Central Bank of Nigeria (CBN)’s e-naira digital currency is now up and running. The reports come just a few days before the start of the central bank digital currency (CBDC) rollout. E-Naira Similar to Physical Currency...