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Taiwan central bank says no rush for CBDC launch
7.7.2024
The Central Bank of the Republic of China mentioned handling government tenders through special purpose tokens to improve operational efficiency using smart contracts for bids and performance bonds
North Carolina Governor Vetoes Bill Banning State Use of Central Bank Digital Currencies
7.7.2024
The governor of the U.S. state of North Carolina has vetoed House Bill 690, which seeks to ban state payments using central bank digital currencies (CBDCs) and the state’s participation in the Federal Reserve’s CBDC testing. The governor argued the bill was premature and emphasized...
Nigerian central bank alleges unauthorized transactions by Binance
6.7.2024
In a Nigerian court on Friday, July 5, Binance's illegal operations were highlighted, with Central Bank official testifying on lack of necessary licenses and regulatory approval
Zambia to Outlaw Use of Foreign Currency, Criminals Could Face Jail Time for up to 10 Years
6.7.2024
The Bank of Zambia has proposed a new series of guidelines that seek to outlaw the use of foreign currency, including the U.S. dollar, for local transactions. If finally approved, the document would establish harsh penalties for infringement, including jail time for up to ten years and hefty fines....
Russia in the Process of Regulating the Use of Stablecoins for Cross-Border Settlements
5.7.2024
Russia is considering adding the subject of stablecoins to an upcoming bill, allowing them to be used officially for completing cross-border payments. Alexey Guznov, Deputy Chairman of the Bank of Russia, declared that proposals have already been presented and the issue is now being discussed....
Central Bank of Bolivia States Crypto Might Be Beneficial, Remarks Stablecoins Utility as Dollar Proxy
5.7.2024
Edwin Rojas Ulo, President of the Central Bank of Bolivia, referred to the recent change in stance that the institution had on crypto and stablecoins. According to reports, Rojas Ulo stated that he believes adding crypto to the national financial system might be beneficial as an alternative...
Russian Central Bank Suggests Using Crypto to Counter Western Sanctions
4.7.2024
Russia’s central bank has urged businesses to consider various payment solutions, including cryptocurrencies and digital assets, to manage transactions with foreign partners and counter Western sanctions. Bank of Russia Governor Elvira Nabiullina highlighted that the central bank has softened...
Nigerian Central Bank Warns Financial Institutions Against Rejecting Old or Lower Denomination US Dollars
3.7.2024
The Central Bank of Nigeria warned local financial institutions against rejecting older or lower-denomination U.S. dollar banknotes. The apex bank said it will take strong action against financial institutions that refuse to accept mutilated or overcirculated local currency banknotes. Older U.S....
Bahamas to Mandate Banks to Distribute Central Bank Digital Currency
3.7.2024
The Bahamas, the first country to issue a central bank digital currency (CBDC) called the Sand Dollar, is preparing regulations to mandate commercial banks to provide access to the e-money to boost adoption. Central Bank Governor John Rolle indicated that these regulations would be implemented...
Bahamas wants to force banks to support its ‘Sand dollar’ CBDC
2.7.2024
The Bahamas was one of the first countries in the world to launch a central bank digital currency — the “Sand Dollar” in 2020 — and is now looking for ways to boost its adoption
Latam Insights: Argentina Reaches Zero Inflation, Central Bank of Bolivia Unbans Bitcoin
2.7.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentina reached zero inflation in food and beverages in June, the Central Bank of Bolivia unbans bitcoin, and several employees of the Paraguayan power...
North Carolina Passes Bill to Block State Participation in Federal CBDC Testing
29.6.2024
The General Assembly of the U.S. state of North Carolina has approved a bill that prevents the state from participating in the Federal Reserve’s testing of a central bank digital currency (CBDC). The General Assembly is North Carolina’s legislative body, comprising two chambers:...
Central Bank of Bolivia Unbans Bitcoin From the Nation’s Financial Ecosystem
28.6.2024
The Central Bank of Bolivia has lifted a blanket ban on using bitcoin and other cryptocurrencies in the national financial system, opening the doors for integrating exchanges and other crypto service providers into its economy. The institution derogated a 2020 resolution prohibiting financial...
Bolivia lifts ban on Bitcoin, authorizes crypto transactions via banks
28.6.2024
The change in regulatory stance marks the end of a ban on crypto use in the country that began in 2014
AI makes it even easier for governments to surveil you — Nym CEO
26.6.2024
Nym CEO Harry Halpin tells The Agenda podcast that artificial intelligence makes it easier than ever to conduct surveillance against activists and dissidents
UAE regulations may ban crypto payments, warns lawyer
26.6.2024
UAE lawyer Irina Heaver told Cointelegraph that the policy shift could signal a “less favorable environment” for crypto in the UAE
India’s Digital Rupee Usage Drops Drastically After Initial Surge
26.6.2024
India’s central bank digital currency (CBDC), the digital rupee, has experienced a significant decline in usage, decreasing to a tenth of its peak in December 2023, according to sources involved in the pilot project. The Reserve Bank of India (RBI) initially reached 1 million daily retail...
ECB Publishes Digital Euro’s First Progress Report
26.6.2024
The European Central Bank (ECB) has published its first progress report on the digital euro preparation phase, highlighting key design features and ongoing developments. The report emphasizes high privacy standards for both online and offline payments, aiming to provide users with a cash-like level...
Digital Euro Holding Limit: Debate Continues
26.6.2024
The president of Germany’s central bank has highlighted the ongoing debate about the holding limit for the digital euro, Europe’s central bank digital currency (CBDC). He noted that recent Bundesbank research indicates that the optimal amount could be in the range of 1,500 to 2,500...
Iran Officially Unveils Central Bank Digital Currency Project
25.6.2024
Iran officially unveiled its central bank digital currency (CBDC) on Sunday during a ceremony attended by Central Bank of Iran (CBI) Governor Mohammad Reza Farzin and chief executives of several major banks. This digital currency, issued electronically by the central bank, aims to streamline...