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Crypto Exchanges in Nigeria Cease Naira Purchases of USDT and USDC Amid Central Bank Scrutiny: Report
28.2.2024
Several crypto companies in Nigeria have made the decision to disallow users from buying the USDT and USDC stablecoins with Naira in light of renewed scrutiny from the Central Bank of Nigeria (CBN).
The post Crypto Exchanges in Nigeria Cease Naira Purchases of USDT and USDC Amid Central Bank...
Binance Nigeria Moved $26B Worth of Untraceable Funds in 2023, Central Bank Chief Says: Reports
28.2.2024
The country's facing a crippling foreign exchange crisis and looking for ways to limit capital outflows, including via crypto
Digital Euro Association Partners With HBAR Foundation to Boost Understanding of CBDCs and Stablecoins
28.2.2024
The Digital Euro Association (DEA) has entered into a partnership with the HBAR Foundation. This collaboration aims to bolster its comprehension of central bank digital currencies (CBDCs) and stablecoins. Although this partnership marks a significant milestone in the digital currency landscape...
Jamaica is ‘Determined’ to Bring CBDC to Address Cash Problems: BOJ Governor
28.2.2024
Bank of Jamaica (BOJ) governor Richard Byles said that BOJ is determined to find solutions for the slow roll-out of their CBDC.
The post Jamaica is ‘Determined’ to Bring CBDC to Address Cash Problems: BOJ Governor appeared first on Cryptonews
CBDC Anti-Surveillance State Act Back in the Senate
28.2.2024
The CBDC Anti-Surveillance State Act has been reintroduced in the Senate with the support of five U.S. senators. “As Americans face the prospect of an increasingly weaponized government, ensuring financial privacy is pivotal,” said one senator who supports the bill. A central bank...
U.S. Republican Senators Renew Efforts to Block CBDC Implementation
27.2.2024
US Senators have renewed their assault on any potential central bank digital currency (CBDC) based on the dollar. Republican lawmakers including Ted Cruz, Bill Hagerty, Rick Scott, Ted Budd, and Mike Braun, yesterday filed The CBDC Anti-Surveillance State Act. Their proposal pulls no punches....
Republican Senators Propose Legislation to Prohibit CBDC: The Hill
27.2.2024
U.S. GOP legislators have proposed a bill to ban Federal Reserve-backed central bank digital currencies, citing concerns over privacy and government access to citizens’ spending data.
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Argentine President Javier Milei Seeks to Penalize Central Bank Money Issuance
27.2.2024
Javier Milei, the libertarian president of Argentina, is seeking to stop the issuance of money by the country’s central bank. Milei stated he would send a bill to Congress to penalize issuing money with jail time, explaining that central bank officials approving these movements would...
ECB’s Disparaging Comments on Bitcoin Draw the Ire of Crypto Community
23.2.2024
On February 22, the European Central Bank (ECB) described Bitcoin as a 'dead cat' and criticized its use in criminal activities on the darknet. These remarks have ignited a backlash from the crypto community, questioning the ECB's stance and credibility.
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European Central Bank criticizes the US SEC’s Bitcoin ETF approval
23.2.2024
Long story short, the European Central Bank remains wary, if not a supporter, of Bitcoin, despite the US SEC’s recent approval of the Spot Bitcoin ETF applications. This is based on a blog post by Ulrich Bindseil and Jürgen Schaaf, who advocate for ETF approval for Bitcoin, the naked...
Japanese Mega-firms Mitsubishi UFJ, Rakuten, Mizuho to Launch Security Tokens Offering
23.2.2024
Security tokens are set for a boost in Japan, where business giants including Mitsubishi UFJ, Mizuho Bank, and Rakuten will launch an offering that pays interest in “electronic money.”
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The European Central Bank Is Either Lying About Bitcoin or Lying to Itself
22.2.2024
ECB Director General Ulrich Bindseil and advisor Jürgen Schaaf are definitely against bitcoin, but their reasons don’t make a lot of sense
ECB Says ETF Approval Does Not Change Bitcoin’s Unsuitability as Payment or Investment
22.2.2024
The European Central Bank (ECB) has reiterated its position on Bitcoin (BTC), stating that the approval of spot ETFs for the cryptocurrency does not change its unsuitability as a means of payment or investment.
The post ECB Says ETF Approval Does Not Change Bitcoin’s Unsuitability as Payment...
Turkish Central Bank Releases First Phase of its CBDC Evaluation Report
21.2.2024
The phase 1 of digital Turkish lira involved preliminary tests of strategic technologies, the central bank of Turkey noted.
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Mumbai Launches Metropolis Metaverse to Showcase Infrastructure Projects
20.2.2024
Mumbai, the bustling financial hub of India, has introduced a metaverse initiative aimed at showcasing its latest and upcoming city-wide infrastructure megaprojects.
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Hong Kong's Central Bank Issues Guidance for Firms Offering Crypto Custodial Services
20.2.2024
Hong Kong's central bank issued guidance for authorized institutions interested in providing custody services for digital assets
Deltec Bank Accused of Secretly Extending a $2 Billion Credit Line to Alameda Research
20.2.2024
Deltec Bank and Trust Ltd, based in The Bahamas, stands accused of covertly extending a $2 billion line of credit to Alameda Research. A lawsuit, filed by those who claim to be victims of Sam Bankman-Fried, accused Deltec of granting a three-day grace period to Alameda Research for the settlement...
Switzerland’s PostFinance Starts Offering Crypto in Partnership With Sygnum
20.2.2024
Switzerland’s PostFinance has partnered with the crypto bank Sygnum to launch a new retail cryptocurrency for its 2.5 million customers on Wednesday, as digital assets become an “integral part” of the financial world.
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Car Buyers in China Now Can Pre-Pay with Digital Yuan Smart Contracts
20.2.2024
China’s Shenzhen has introduced a new era of automotive purchasing with digital yuan smart contracts, offering enhanced pre-payment security for car buyers in collaboration with Agricultural Bank of China.
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Indian National Payments Corporation Exec Optimistic on RBI’s CBDC Efforts
20.2.2024
Dilip Asbe said the Reserve Bank of India’s new central bank digital currency (CBDC) plans could drive the next fintech wave.
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