Central Bank | Crypto Profit Bot

BIS to launch market intelligence platform amid stablecoin, DeFi collapse

June 19, 2022

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BIS’s cryptocurrency market intelligence platform will be launched under the Eurosystem Centre initiative to provide vetted data about crypto projects. 2489 Total views 80 Total shares The Bank for International Settlements (BIS) Innovation Hub announced the launch of a new set of projects targeting various aspects of traditional and crypto payments — including a cryptocurrency […]

Bitcoin and banking’s differing energy narratives are a matter of perspective

June 11, 2022

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The Carbon Bankroll Report was released on May 17 as a collaboration among the Climate Safe Lending Network, The Outdoor Policy Outfit and Bank FWD. The collaboration made it possible to calculate the emissions generated due to a company’s cash and investments, such as cash, cash equivalents and marketable securities. The report revealed that for […]

Ugandan central bank u-turns on crypto welcoming firms to regulatory sandbox

June 6, 2022

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The bank advised the Blockchain Association of Uganda (BAU) to sharpen up its knowledge of the sandbox regulations, inviting its members along to further technical discussions. 1407 Total views 18 Total shares The Bank of Uganda is open to the idea of cryptocurrency businesses participating in its Regulatory Sandbox, inviting members of the Blockchain Association […]

CBDCs can “kill” private crypto: India’s RBI deputy governor to IMF

June 4, 2022

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“One of the reasons it is so successful is because it’s simple,” he added while comparing the Unified Payments Interface’s (UPI) growth with blockchain technology. 726 Total views 15 Total shares In discussion with the International Monetary Fund (IMF), T Rabi Sankar, the deputy governor of the Reserve Bank of India (RBI), reflected an anti-crypto […]

Nigeria upgrades CBDC as crypto restrictions cripple fintech industry

May 10, 2022

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Nigeria’s central bank has upgraded its eNaira to steer the country away from crypto even after a UN report stated that restrictions on digital currencies are stifling the nation’s fintech sector. 1193 Total views 5 Total shares The Central Bank of Nigeria (CBN) is moving ahead with plans to upgrade the country’s central bank digital […]

90% of surveyed central banks are exploring CBDCs — BIS

May 6, 2022

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“Globally, more than two-thirds of central banks consider that they are likely to or might possibly issue a retail CBDC in either the short- or medium-term,” said the BIS. 1206 Total views 80 Total shares A survey conducted by the Bank for International Settlements, or BIS, suggested that many central banks around the world are […]

Hong Kong watchdog warns stablecoins could undermine HKD in CBDC paper

April 28, 2022

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Hong Kong’s financial watchdog says it is concerned over the rising popularity of stablecoins, as it invites the public to give their say on the merits and challenges of e-HKD. 777 Total views 36 Total shares The Hong Kong Monetary Authority (HKMA) has warned that stablecoins could undermine the Hong Kong dollar in a just […]

ECB executive board member talks about current state of digital euro CBDC research

April 8, 2022

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Fabio Panetta outlined recent findings and remaining challenges while emphasizing the necessity of a well designed European CBDC. 688 Total views 47 Total shares European Central Bank executive board member Fabio Panetta provided an overview of the central bank’s current research on a retail central bank digital currency Friday when he spoke at the IESE […]

Georgian central bank prepares legislation to regulate the crypto market

April 5, 2022

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The tiny nation in the Caucasus accounts for almost 1% of Bitcoin mining and has over $1 million in under regulated crypto turnover monthly. 1125 Total views 42 Total shares Georgia, the country on the Black Sea, is preparing to regulate its cryptocurrency market. National Bank of Georgia Governor Koba Gvenetadze told The Financial on […]

From taxes to electricity, blockchain adoption is growing in Austria

March 28, 2022

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Austria has been actively transforming into an attractive location for providers of blockchain-based products, with the government itself experimenting with the technology and trying to create a legal basis upon which companies can use it. With regard to blockchain-based applications in the economy, however, Austria is still in the experimental phase, with most firms still […]

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Category: Central Bank