Central Bank | Crypto Profit Bot

‘Cryptocurrency is not legitimate money,’ says Nigeria’s central bank governor

February 24, 2021

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Godwin Emefiele, governor of the Central Bank of Nigeria, has defended the apex bank’s decision to ban banks from servicing cryptocurrency exchanges in the country. Appearing before a joint Senate Committee on Banking, Insurance and Other Financial Institutions; ICT and Cybercrime; and Capital Market, Emefiele remarked that the CBN ban was in the best interest […]

Ant-backed MYbank to help China expand digital yuan trial

February 22, 2021

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Tencent-backed WeBank and Ant Financial-backed MYbank will reportedly be the first private banks to join China’s digital yuan pilot. 8208 Total views 29 Total shares China’s central bank is pushing exposure to its ongoing national digital currency pilot by enlisting two major private banks in the project. According to a Monday Bloomberg report, MYbank and […]

The Bahamas gets a card for its sand dollar national digital currency

February 17, 2021

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The Central Bank of the Bahamas partnered with Mastercard and digital payment startup Island Pay to launch a card for its central bank digital currency. 3946 Total views 23 Total shares The Bahamas is moving to make its national digital currency more accessible by launching a prepaid card for the “sand dollar.” The Central Bank […]

Kyrgyzstan central bank plans to introduce licenses for crypto exchanges

February 12, 2021

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The central bank of the Kyrgyz Republic wants to provide crypto investors with the same level of protection that is already in place in traditional finance. 1129 Total views 21 Total shares The National Bank of the Kyrgyz Republic, or NBKR, is reportedly planning to introduce a licensing regime for cryptocurrency exchanges in a move […]

Bitcoin has made the Naira almost useless, says Nigerian Senator

February 11, 2021

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A cross-section of Nigerian senators have reacted to the recent Bitcoin ban enacted by the country’s central bank. 5952 Total views 32 Total shares As previously reported by Cointelegraph, the Central Bank of Nigeria issued a circular banning banks from servicing crypto exchanges. Reacting to the news during the Thursday plenary session, Senator Sani Musa […]

Bank of Korea publishes book on central bank digital currency’s legal issues

February 8, 2021

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South Korea’s central bank has issue a book on legal matters that would need to be addressed to ensure the smooth operations and usefulness of a future central bank digital currency. 5618 Total views 33 Total shares Last fall, the Bank of Korea announced it would be testing the distribution of a central bank digital currency […]

Russia’s regulatory sandbox and the implementation of blockchain tech

February 6, 2021

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The main challenge companies face when testing and implementing innovative technologies is the need to amend existing legislation. Developing and testing new products based on distributed ledger technology requires special conditions that are often inconsistent with existing regulations. The solution to this problem would be the introduction of a special “regulatory sandbox” regime. It means […]

Central Bank of Nigeria bans banks from servicing crypto exchanges

February 5, 2021

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Nigeria’s central bank has prohibited commercial banks from providing account services to crypto exchanges. 14007 Total views 55 Total shares The Central Bank of Nigeria has placed a ban on all regulated financial institutions from providing services to crypto exchanges in the country. The prohibition was contained in a circular issued by the CBN on […]

Irish central bank governor says crypto investors could lose all their money

January 29, 2021

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Despite being worried about consumer protection, the central banker is confident that Bitcoin is no threat to financial stability. 4406 Total views 23 Total shares As the Bitcoin (BTC) price sees a sharp upsurge, the governor of the Central Bank of Ireland has voiced his concerns about cryptocurrency investments. Gabriel Makhlouf, who is also a governing […]

Dutch Bitcoin exchange drags central bank to court over wallet KYC rule

January 27, 2021

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One Dutch Bitcoin exchange has taken legal action against the central bank over its controversial crypto wallet verification law. 7334 Total views 23 Total shares Dutch Bitcoin (BTC) exchange platform Bitonic has filed a preliminary injunction at a Rotterdam court seeking the suspension of a wallet verification rule enacted by the central bank. Back in […]

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Category: Central Bank