Indian central bank clarifies regulations as local banks shun crypto
Banks like HDFC and State Bank of India reportedly cautioned customers against crypto, citing the RBI’s quashed crypto circular. Go to Source Powered by WPeMatico
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Bitcoin ‘of great concern,’ Ireland’s central bank official warns
Cryptocurrency investors should be ready to lose all their holdings, according to Ireland’s central bank financial conduct director. Go to Source Powered by WPeMatico
Central Bank of Sweden Invites Financial Market Actors for Second Phase of E-Krona Pilot
Sveriges Riksbank, the central bank of Sweden, will carry out the next stage of its e-krona project with the help of two organizations from the financial sector. The move signals a transition from the initial in-house testing with simulated participants to cooperation with real, external partners. Riksbank to Work With Handelsbanken and Tietoevry to Test … Read more
Bank of Japan governor slams Bitcoin, calls BTC a speculative asset
The BOJ governor says Bitcoin is a speculative play while issuing warnings over price volatility. Go to Source Powered by WPeMatico
Crypto will ‘come to life’ in Nigeria, central bank governor says
Emefiele said the Nigerian government will do its best to prevent crypto from being used to finance illicit activities. Go to Source Powered by WPeMatico
Big tech, not cryptocurrency, is the real threat to central banks’ autonomy, Danish central bank governor says
Though Danmarks Nationalbank’s governor seems tempted to ignore cryptocurrencies, other banks in the country continue to launch new services based on crypto. Go to Source Powered by WPeMatico
Bank of Canada sees no strong case for a digital dollar — for now
Amid the global CBDC race, the Canadian central bank does not currently see a strong case for issuing a state digital currency. Go to Source Powered by WPeMatico
Bank of England Governor Bailey Says Cryptocurrencies Are ‘Dangerous’
Known for his reluctant stance on decentralized money, the Governor of Bank of England (BOA), Andrew Bailey, has recently taken his anti-crypto rhetoric up a notch. Speaking at a meeting with lawmakers in London, Bailey stated that cryptocurrencies are “dangerous.” Andrew Bailey Remains Sceptical About Cryptos “Crypto-assets,” as the central bank’s official labels bitcoin and … Read more
Bank of Indonesia joins central bank digital currency race
After banning crypto payments back in 2017, Indonesia is looking to allow payments in a digital rupiah currency. Go to Source Powered by WPeMatico
Central Bank of Kuwait issues warning against crypto investments
The Central Bank of Kuwait says that a “real” currency is one issued by the state. Go to Source Powered by WPeMatico