Central Bank – Page 65

Bank of Israel deputy governor confirms digital shekel pilot is underway

Despite the pilot, the central bank’s deputy governor said he was apprehensive about launching a full-scale CBDC in Israel, and referred to Bitcoin as a “pyramid scam.”

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PBOC Instructs China’s Banks to Forbid All Cryptocurrency Related Activities Immediately

China’s central bank has sent notice to the country’s financial institutions instructing them to stop dealing with cryptocurrency transactions. The disclosure notes that the People’s Bank of China (PBOC) aims to protect Chinese citizens and “combat the speculation of Bitcoin and other virtual currency transactions.” PBOC Tells Banks to Stop Dealing With Crypto Exchanges and […]

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Banque de France tests digital currency-based securities settlement

The Bank of France has completed a central bank digital currency pilot for securities transactions in collaboration with Swiss crypto bank SEBA.

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Over 3,000 ATMs in Beijing can now convert digital yuan into cash

The Agricultural Bank of China previously debuted digital yuan ATMs this January.

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Tanzanian President Wants Central Bank Chiefs to ‘Prepare for Cryptocurrency’

Tanzanian President Samia Suluhu Hassan has urged her country to be ready for emerging fintech by paving the way for cryptocurrencies. She also urged the country’s central bank to begin the necessary preparations for a step-change in global attitudes towards banking. However, in her address of the Tanzanian finance chiefs, Hassan acknowledges that not everyone […]

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Russian central bank ‘short-sighted’ regarding crypto, lawmaker says

A long-time member of the Russian State Duma has criticized the central bank’s approach to digital assets.

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China debuts blockchain-based digital yuan salary payments in Xiong’an

China reportedly implemented the country’s first blockchain-powered digital yuan transactions in the Xiong’an New Area.

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Cuba’s Central Bank Suspends US Dollar Deposits Nationwide – Officials Cite Embargo ‘Obstacles’

The Republic of Cuba is suspending the use of U.S. dollars due to embargo restrictions with U.S. and foreign banks. The central bank of Cuba’s restrictions stems from the “obstacles that the U.S. embargo creates for the national bank system.” Cuba Bans USD Deposits, BCC Tells Tourists to ‘Arrive With a Currency Other Than the […]