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Report: Morocco Central Bank Discusses Crypto Regulation Best Practices With IMF and World Bank
25.3.2022
The Moroccan central bank is currently holding talks with multilateral lending institutions and other central banks, centered on establishing cryptocurrency regulation best practices. Inevitable Adoption of Cryptocurrencies The Moroccan central bank governor, Abdul Latif Al Jawhari, has said...
Government Official Discusses Indian Crypto Policy, Global Regulations, G20 Meeting
5.2.2022
India’s economic affairs secretary, Ajay Seth, has provided an update on what the Indian government is doing in terms of finalizing cryptocurrency legislation. He expects crypto regulation to be discussed at the upcoming G20 meeting for finance ministers and central bank governors. Economic...
IMF, World Bank, BIS Recommend Countries Work Together on CBDCs to Enhance Cross-Border Payments
18.7.2021
The International Monetary Fund (IMF), the World Bank, and the Bank of International Settlement (BIS) have conducted an extensive study of using central bank digital currencies (CBDCs) for cross-border payments. Their report to the G20 states that enhanced cross-border payments “can...
IMF, World Bank and BIS champion central bank digital currencies at G20
9.7.2021
A new report released by the triumvirate of global finance argues that central bank digital currencies will benefit worldwide development
ECB Chief Christine Lagarde Calls for Global Bitcoin Regulation — Says BTC Conducts ‘Funny Business’
14.1.2021
The president of the European Central Bank (ECB), Christine Lagarde, has called for the global regulation of bitcoin. She said that bitcoin is a highly speculative asset and has “conducted some funny business.” Emphasizing the need for countries to work together to regulate bitcoin,...
China’s Xi Asks G20 Countries to Be ‘Open and Accommodating’ to CBDCs
21.11.2020
In a wide-ranging speech, Xi said that the G20 group “needs to discuss developing standards and principles for central bank digital currencies.”
Covid-19 Hit Sub-Sahara Africa Gets $16 Billion From IMF, Region Still Faces $290B Financing Gap
28.10.2020
The International Monetary Fund (IMF) says its release of $16 billion towards sub-Sahara Africa will help to cover the needs of countries badly hit by the global pandemic, Covid-19. The financial institution says despite its swift action, the region still faces a financing gap of $290 billion...
Better regulation needed to stop crypto tax evaders from running wild
10.10.2020
U.S. regulators are starting to track crypto more seriously, and that’s a good sign for all crypto holders
Saudi Arabia Pitches Blockchain-Based Business Passport to Boost Trade Finance
3.9.2020
The passport would help businesses cut through redundant red tape and flourish across borders, Saudis said
Facebook Libra Redesigned: New System and Cryptocurrency to Comply With Regulations
17.4.2020
Facebook’s Libra cryptocurrency project has undergone major changes. A number of key areas have been redesigned, including the payment system, the Libra cryptocurrency, and the addition of new single-currency stablecoins. The changes largely aim to comply with regulatory requirements. Also...
G20 Considers 10 Rules for Regulation of Stablecoins Like Facebook Libra
15.4.2020
The G20 is setting rules to regulate stablecoins such as Facebook’s Libra cryptocurrency. Responding to a call by the G20, the Financial Stability Board (FSB) has provided 10 “high-level” recommendations that establish a regulatory framework for stablecoins. Also read:...
G20 Watchdog Warns Nations to Mitigate Risks Posed by Libra-Like Stablecoins
14.4.2020
National regulators need to be prepared for the unique risks posed by global stablecoins, the Financial Stability Board says
World Governments at G20 Are Concerned About All Stablecoins, Not Just Libra
14.4.2020
The G20’s Financial Stability Board believes stablecoins are dangerous due to their ability to circumvent capital controls
IMF Declares Global Recession, 80 Countries Request Help, Trillions of Dollars Needed
30.3.2020
The International Monetary Fund (IMF) has declared that we have entered a global recession — one that is as bad as or worse than the previous global financial crisis. 80 countries have already requested emergency assistance from the IMF. Meanwhile, the G20 has reported fiscal measures...
Regulatory Roundup: French Court Considers Bitcoin Money, Cryptocurrencies Legitimized in South Korea, Australia, India
10.3.2020
The cryptocurrency sector worldwide saw several historic regulatory events last week. In this roundup, we cover a landmark bitcoin ruling by a French court, South Korea’s first crypto bill, an Australian court’s ruling, Germany’s announcement, and a recent FATF meeting where more...
India Is Fostering a Solarized Digital Future
4.3.2020
India is moving toward renewable energy production backed with the digital technologies
Cryptocurrency Could Kill Bank Lending, Warns Bank of England Deputy Governor
1.3.2020
In the cryptocurrency economy, the supply of credit through the banking system could disappear, warned Bank of England Deputy Governor Sir Jon Cunliffe. That would be a change with “profound economic consequences,” he added, emphasizing the risks from Facebook’s Libra project...
G20 Urges Countries to Adopt Tough FATF Rules on Cryptocurrencies
24.2.2020
FATF's guidance compels crypto exchanges to share user data with one another
G20 Kicks Off 2020 Discussion on Cryptocurrencies — Urges Countries to Apply FATF Standards
24.2.2020
The G20 finance ministers and central bank governors had their first 2020 meeting this weekend in Saudi Arabia. They discussed cryptocurrencies and stablecoins, and issued a statement urging countries to implement the cryptocurrency standards set by the Financial Action Task Force. They were also...
Global Regulators Haven’t Properly Addressed Stablecoins
21.2.2020
Meeting at the G20 summit in Saudi Arabia this week, members of the Financial Stability Board discuss regulating cryptocurrency