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Russian Central Bank & Government Fail to Agree on Crypto Regulation; New Limits Proposed
15.2.2022
Senior officials from the Russian government and the Bank of Russia, the country’s crypto-skeptic central bank, did not manage to reach an understanding on the means to regulate the Russian cryptoasset market -- while the Deputy Finance Minister now proposes a buying limit for "unqualified...
Digital ruble trial goes live as Bank of Russia insists on Bitcoin ban
15.2.2022
The Bank of Russia reports on the first digital ruble tests as planned but continues to fight against Bitcoin adoption
ECB Chief Lagarde Says Digital Euro Will Not Replace Cash — But Could Offer Convenient, Cost-Free Means of Payment
15.2.2022
The president of the European Central Bank (ECB), Christine Lagarde, says that a digital euro will not replace cash but would complement it. “A digital euro would give you an additional choice about how to pay and make it easier to do so, contributing to accessibility and inclusion,”...
Sanctions and trade: Iran aims to develop a central bank digital currency
14.2.2022
While the central bank announced its intention to launch a CBDC, exact details are still scarce
Indian Government Consulting With Central Bank RBI on Crypto — ‘There Is Complete Harmony’
14.2.2022
The Indian government is consulting with the Reserve Bank of India (RBI) on crypto policies. According to the finance minister, the government and the central bank are in “complete harmony” on crypto and other issues. Indian Government and Central Bank Discussing Crypto Policies...
Russian Central Bank Still Opposes Crypto Regulation Plans
14.2.2022
The race to launch crypto regulations in Russia could still be halted by the country’s Central Bank, which, despite reports to the contrary, is still not happy about recently unveiled plans to “legalize” crypto and bring the industry under a regulatory umbrella. But the pro-business (and...
No Crypto Loans and Fewer Trading Options – Russian Finance Ministry Clarifies Regulatory Plan
14.2.2022
Russian authorities are not going to allow cryptocurrency lending, the finance ministry has announced, clarifying its proposals for crypto market regulation. The treasury department also revealed that not all cryptocurrencies will be available to Russian investors under the new rules. Russian...
European Commission to Launch Digital Euro Consultations in March, Propose Bill Early Next Year
14.2.2022
The executive arm of the EU is gearing up to start public consultations on the digital euro project next month. The European Commission will also prepare new legislation to establish the legal basis for the digital version of the common European fiat. A draft is expected in 2023. EU Finance Chief...
‘Bank of Jamaica Will Roll Out Digital Jamaican Dollar in 2022,’ Says Prime Minister
14.2.2022
According to an announcement from Jamaica’s Prime Minister Andrew Holness the Bank of Jamaica plans to “roll out” its central bank digital currency (CBDC) after the country’s successful pilot last year. Jamaica’s CBDC Is Due to Launch This Year Jamaica, the island...
Bahrain Central Bank Completes Cross-Border Transfer Test Using JPMorgan Blockchain
14.2.2022
The Central Bank of Bahrain (CBB), working in partnership with Bank ABC, recently announced it had successfully tested the transfer of funds across borders using JPMorgan’s JPM Coin. The test fulfills the central bank’s goal of creating safe and efficient settlement solutions...
IMF: Crypto Is No Match for Well-Designed Central Bank Digital Currencies
14.2.2022
The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, says that crypto assets and stablecoins are no match for well-designed central bank digital currencies (CBDCs). “If CBDCs are designed prudently, they can potentially offer more resilience, more safety...
Russian Regulators Find Common Ground — Bitcoin Can’t Be Used for Payments
13.2.2022
Russian authorities are yet to reach full consensus on the future of cryptocurrencies but government institutions are on the same side of the fence in their intention to ban bitcoin payments. Other operations with digital assets are to be legalized and regulated, representatives of Russian business...
Hungary’s Central Bank Governor Calls for EU-Wide Ban on Cryptocurrency Trading and Mining
13.2.2022
The governor of Hungary’s central bank has called for a ban on cryptocurrency trading and mining in the European Union. “It is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids,” he said. Hungarian Central Bank Chief Wants...
Kenyan Central Bank Document Discusses Benefits and Risks Posed by CBDC — Public Asked to Comment
12.2.2022
Kenya’s central bank has acknowledged in a recently released document that a central bank digital currency could potentially benefit the country’s financial system. The bank, however, warned that rolling out a CBDC could also pose risks to the same. CBDC’s Impact on Financial...
Hungary's central bank chief wants EU-wide crypto trading and mining ban
12.2.2022
Governor György Matolcsy reciprocated the need for a crypto ban, currently imposed by China and proposed by Russia's central bank
Bank of Zambia Expects to Complete CBDC Study in Q4
12.2.2022
The Bank of Zambia has said it expects to complete its study seeking to determine the feasibility of launching a Central Bank Digital Currency (CBDC), before the end of the last quarter of 2022. Narrowing the Financial Exclusion Gap The Zambian central bank has said it expects to complete...
India’s finance minister waiting for consultations to decide whether to ban or regulate crypto
11.2.2022
The country's finance minister admitted to not having enough information to make a fateful call
New Russian Law ‘Will Dampen Public’s Interest in Crypto’, Says Biz Leader
11.2.2022
A business leader has said that a soon-to-be-unveiled Russian draft crypto regulation bill – which proposes bringing crypto into a strict regulatory framework – is effectively a way to discourage Russians from using cryptoassets....
Read More: New Russian Law ‘Will Dampen Public’s Interest...
EU finance chief says digital euro bill coming in early 2023
11.2.2022
The European Union’s finance chief announced that a bill introducing a digital euro will be hitting tables in European parliament as early as 2023
US Federal Reserve bank at the helm of CBDC research effort appoints new president
10.2.2022
Susan M. Collins is set to become the first Black woman to head a Federal Reserve Bank