Former Reserve Bank official pushes for India to accept crypto
Former Deputy Governor of the RBI sees cryptocurrencies as a taxable asset or commodity. Go to Source Powered by WPeMatico
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Central Bank of Brazil Researches Creation of Digital Real
Fabio Araujo, a representative of the Central Bank of Brazil, talked about the possible development of a Digital Real at a public hearing before the Committee on Science, Technology, Innovation, Communication and Information Technology of the Brazilian Senate. Araujo clarified that the Digital Real is still at the debate stage, and they are determining the … Read more
Australia, Singapore, Malaysia and South Africa launch joint CBDC pilot
The joint initiative will prototype shared DLT platforms enabling institutions to settle cross-border transactions using central bank-issued digital currencies. Go to Source Powered by WPeMatico
Central Bank of Nigeria Selects Barbados-Based Fintech Firm as Technical Partner for CBDC Project
The Central Bank of Nigeria (CBN) has named the fintech firm Bitt Inc. as a technical partner for its digital currency project, the e-naira. As a technical partner, Bitt is expected to use its “technological competence and implementation experience” to help the CBN successfully launch the central bank digital currency (CBDC). E-Naira Draft Guidelines The … Read more
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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 … Read more
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico