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India’s central bank, the Reserve Bank of India (RBI), has unveiled its framework for a fintech regulatory sandbox. While blockchain and smart contracts are welcomed, the bank stated that cryptocurrency and related services “may not be accepted for testing.” Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request RBI Welcomes Blockchain Tech The … Read more
The Philippines is catching up to Japan with a growing number of approved cryptocurrency exchanges. The central bank has green-lighted 10 crypto exchanges so far. Meanwhile, one of the country’s largest banks now has a bitcoin ATM at one of its main branches. In addition, the Cagayan Economic Zone Authority has independently licensed 24 crypto … Read more
Veerathai Santiprabhob, the Central bank governor of Thailand, reportedly endorsed startup Everex’s blockchain remittance system Go to Source Powered by WPeMatico
A recent report by the WEF reveals that at least 40 central banks around the world are considering blockchain technology and central bank digital currencies Go to Source Powered by WPeMatico
Jameel Ahmad, the deputy governor of the State Bank of Pakistan, declared that the institution aims to issue a digital currency by 2025 Go to Source Powered by WPeMatico
The Bank of Korea has included mentions of CBDCs in its annual payment settlement report, also announcing a blockchain trial later in 2019 Go to Source Powered by WPeMatico
Agustin Carstens, general manager at the Bank for International Settlements, gave a warning against the issuance of central bank digital currencies during a speech Go to Source Powered by WPeMatico
The long-awaited rules on crypto assets recently published by the central bank of Mexico have caused quite a stir. A local cryptocurrency exchange’s CEO explains to news.Bitcoin.com that “the impact goes beyond the crypto industry.” Calling it “a disaster,” he asserts that the people within the central bank “have really shown their ignorance” about cryptocurrency. … Read more
The central bank of Mexico has published rules on crypto assets that put crypto exchanges in “a catch-22 type of situation,” the CEO of a local exchange explained to news.Bitcoin.com. They “essentially stipulated that they wouldn’t authorize any cryptocurrency to be offered by regulated financial companies.” Also read: SEC Chair Explains Key Upgrades Needed for … Read more
The Central Bank of Russia wants to set a yearly limit of $9,100 for “unqualified investors” dealing with crypto assets Go to Source Powered by WPeMatico