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Report: Four Nigerian Lenders Penalized for Failing to Block Crypto Transactions
7.4.2022
The Nigerian central bank recently fined four financial institutions it accuses of failing to stop clients from using their respective platforms to conduct cryptocurrency transactions. According to one of the affected institutions, the central bank is using a certain “advanced...
Commonwealth Bank's Crypto Services Face Regulatory Delays: Report
7.4.2022
There are a bunch of rules that you need to follow, regulator Cathie Armour said talking about the country's policies
Bank of Russia Rejects Idea of Using Cryptocurrency to Circumvent Sanctions
7.4.2022
The Central Bank of Russia has turned down a proposal to allow the use of digital currencies for the purpose of sanctions evasion. The monetary authority believes this is hardly an option as Western regulators are already taking steps to prevent such transactions. Employing Bitcoin to Evade...
Commonwealth Bank's plans to expand crypto services to 6.5M delayed by red tape
7.4.2022
One of Australia’s biggest banks is still wading through a sea of red tape spun by local financial regulators before launching its crypto products to all of its retail users
Bank of England Governor Says Crypto Creates ‘Opportunity for the Downright Criminal’
7.4.2022
The governor of the Bank of England, Andrew Bailey, has warned that crypto creates an “opportunity for the downright criminal.” The central bank chief described: “You only have to ask the question ‘What do people committing ransom attacks usually demand payment...
Russia’s Sberbank Denies Involvement in Recently Launched ‘Sbercoin’
6.4.2022
Sberbank, the largest bank in the Russian Federation, has denied connection to a new cryptocurrency called “sbercoin.” The project is offering high returns to buyers of the token, which was launched shortly after Bank of Russia allowed Sberbank to issue digital currencies. Sbercoin...
Sweden’s central bank completes second phase of e-krona testing
6.4.2022
The Swedish CBDC is now technically ready for integration with banks and payment service providers, according to a report from Riksbank
Here's How You Can Help Shape Digital Euro
6.4.2022
Amid an intensification in the European Union’s crypto-focused legislative efforts, the European Commission has launched a new consultation on its digital euro central bank digital currency (CBDC) project. The procedure will allow interested stakeholders who want to help shape a digital euro...
Bitcoin slides below $44K in April first as trader warns 'something is off' with BTC
6.4.2022
All is not going to plan for bulls, warnings say, as $44,000 support hangs in the balance
FX Trading Volume Rises for Saxo Bank, as Equity Trading Falls
6.4.2022
Reasons for FX could be regular commerce or tourism. Foreign Exchange trading has turned out to be the most liquid and the largest asset market globally. The rule under FX trading is simple. A trader tracks the development of different nations and trades the respective pair. For example, EUR/USD...
US Hits Russian Crypto Exchange with Sanctions, Russian Central Bank Affraid That Crypto Will Replace Ruble
6.4.2022
The United States has hit the crypto exchange Garantex with sanctions, claiming that it has “willfully disregarded” anti-money laundering and countering the financing of terrorism (AML, CFT) obligations and “allowed” its “systems to be abused by illicit actors.” A joint Washington-Berlin effort...
Georgian central bank prepares legislation to regulate the crypto market
5.4.2022
The tiny nation in the Caucasus accounts for almost 1% of Bitcoin mining and has over $1 million in under regulated crypto turnover monthly
‘New Inflationary Era’ Upon Us, Central Bank Action Will be Unpopular – BIS’ Carstens Warns
5.4.2022
The return to inflation in the world means that real interest rates need to rise into positive territory, but with historically high levels of debt, such a move by central banks will not be popular, the Bank for International Settlements’ (BIS) head Agustín Carstens warned....
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DeFi Could Rely On CBDC, But More Bridges With Centralized Finance Are Needed - Expert Panel
5.4.2022
As decentralized finance (DeFi) and central banking share a number of objectives, building bridges between decentralized and centralized finance (CeFi) could open up new possibilities for the use of central bank digital currencies (CBDCs) , according to the participants of a debate held by...
Georgia Central Bank Plans to Introduce New Crypto Rules: Report
5.4.2022
The eastern European nation will follow international guidance as it sets out anti-money laundering and licensing regime
China’s Central Bank Adds More Digital Yuan Pilot Cities
5.4.2022
China’s central bank, the People’s Bank of China, has added more cities to test its digital currency. According to the latest official data, the digital yuan has more than 261 million users. PBOC Adds More Cities to Test Its CBDC The Chinese central bank, the People’s Bank...
More than three-quarters of central banks considering a CBDC: research
5.4.2022
The report by PwC shows that 80% of central banks are considering or have already launched a CBDC
Two Major Banks Roll out Blockchain-powered ID Solution for Military Servicepeople
5.4.2022
Two of South Korea’s largest banks are set to launch a blockchain-powered digital certificate platform for military personnel – which will allow soldiers to use smartphone-based ID solutions to open savings accounts without having to set foot in a brick-and-mortar bank branch....
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DeFi ‘Crucial’ for Financial Inclusion, CBDCs Still Welcome Despite Being Centralized
4.4.2022
Decentralized finance (DeFi) protocols are “crucial” for financial inclusion, particularly in the developing world. And despite being inherently centralized, central bank digital currencies (CBDCs) are a welcome part of that, said the participants at a discussion hosted by the Bank...
BTC starts 2022 all over again — 5 things to know in Bitcoin this week
4.4.2022
The yearly open stays in focus as support as Bitcoin bulls hope for a trip to $50,000 this week