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Various reports reveal Venezuela’s central bank is allegedly contemplating hoarding a variety of cryptocurrencies like BTC within its internal reserves. The state-operated gas company Petroleos de Venezuela SA (PDVSA) has asked to send BTC and ETH payments to Banco Central de Venezuela’s (BCV) vaults to pay for oil and gas operations. Also read: Maduro’s Petro … Read more
The Reserve Bank of India has imposed regulatory restrictions on a cooperative bank with 137 branches across India, including limiting customer withdrawals to a total of 1,000 rupees (approximately $14) per account for six months. Police personnel had to be deployed to control angry customers at some locations. Also read: Indian Parliament Member Helping Crypto … Read more
China isn’t quite ready to launch a digital token after all, says PBoC Go to Source Powered by WPeMatico
Brazil’s central bank will classify crypto as nonfinancial products, following IMF guidelines: What does that mean? Go to Source Powered by WPeMatico
The Argentine peso monetary base will be increased by 2.5% per month in the next two months, the central bank announced Go to Source Powered by WPeMatico
The special economic zone in the Philippines known for its crypto friendliness is undergoing some changes. Government-owned Cagayan Economic Zone Authority (Ceza) is investigating a case involving one of its licensed crypto exchanges after a tip from the Chinese government. The authority has also issued new directives to all of its licensees, including 40 crypto … Read more
Libra meets with G-7 regulators amid regulatory hurdles surrounding its launch. Can the Facebook-backed token finally turn the tide in its favor? Go to Source Powered by WPeMatico
Crypto awareness is reaching levels almost unimaginable just years ago, with telecommunications giants, big banks, mainstream media, and even professional sports teams now discussing and flouting digital assets. AT&T now allows customers to pay their phone bills in bitcoin, Japanese SMS giant Line is adding an FSA-approved crypto exchange to its hugely popular chat app, … Read more
Benoit Coeure of the European Central Bank says that stablecoins like Libra pose serious risks to public policy priorities Go to Source Powered by WPeMatico
Calibra CEO dispels notion that Libra is a threat to the global financial system Go to Source Powered by WPeMatico