Central Bank – Page 58

Crypto does not qualify as currency, says South Africa’s central bank governor

South Africa’s top banker has said crypto are more akin to assets than actual currencies.

Nigeria’s central bank partners with fintech firm Bitt Inc for CBDC rollout

The CBN considered Bitt Inc’s experience in the development of the Eastern Caribbean Central Bank’s DCash, launched in April.

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Nigeria’s central bank issues draft guidelines on eNaira CBDC project

CBN says the proposed central bank digital currency will offer parity of value and will operate as a non-interest-bearing CBDC.

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Nigerian Foreign Exchange Crisis: Central Bank Issues Warning to Microfinance Banks

The Central Bank of Nigeria (CBN) has threatened punitive sanctions against microfinance banks that violate the conditions of their operating license through the performance of foreign currency-related transactions. In its latest circular, the CBN claims that microfinance banks have a very low capitalization hence their handling of such transactions threatens the stability of the financial […]

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Thailand’s central bank outlines safeguards for a future retail CBDC

The results of a new study from the Bank of Thailand point to three key considerations for making sure a retail central bank digital currency doesn’t adversely impact financial stability.

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Draft El Salvador Bitcoin banking regulations released

El Salvador’s Banco Central de Reserva has released two documents detailing how banks should deal with Bitcoin.

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Dutch central bank claims Binance is operating illegally

The warning follows authorities in several countries issuing statements warning investors to exercise caution in regards to Binance, or claiming the exchange was operating illegally.

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Ghana’s digital cedi must emulate cryptocurrencies, Afroblock states

Afroblocks co-founder urges Ghana’s central bank to involve the in-house crypto experience and expertise to help e-cedi succeed.

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Central Bank of Iran Should Regulate Cryptocurrencies, Securities Watchdog Says

With bitcoin mining being a regulated activity in Iran, the head of the country’s securities and exchange regulator believes the central bank has to turn its attention to cryptocurrencies. The regulator is ready to consider accommodating crypto trade when digital assets are regulated. Capital Market Regulator to Look Into Crypto Trading if Central Bank Regulates […]

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US Inflation Continues to Rise Amid Lockdown Talk, Producer Prices Jump 7.8%, Biden Blames OPEC

The United States is facing severe inflation despite the Federal Reserve and mainstream media doubling down on saying the loss of purchasing power is just “transitory.” This week consumer and producer metrics from July have been published by the U.S. Bureau of Labor Statistics and inflation is growing stronger. July CPI Stats Show a Jump […]

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