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
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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
Bank of Korea seeks tech partner to build central bank digital currency
South Korea’s state digital currency pilot is scheduled to run from August to December 2021. Go to Source Powered by WPeMatico
Dutch Central Bank Revokes Strict Verification Rules for Crypto Exchanges
The cryptocurrency industry in the Netherlands has won a small but significant battle. The country’s central bank has canceled some excessive verification procedures that it imposed on crypto service providers last fall. The move comes after a local exchange took the matter to court. DNB Takes a Step Back on Unlawful KYC Requirements De Nederlandsche … Read more
Bank of Canada: Crypto highly risky despite institutional adoption
Crypto volatility is an emerging vulnerability to Canada’s financial system, while stablecoins pose risks for the country’s monetary system, the Bank of Canada said. Go to Source Powered by WPeMatico
State digital currency to get more trust than crypto, says Russian ex-PM
Former Russian prime minister and president Dmitry Medvedev believes that it is time to recognize the importance of crypto and CBDCs. Go to Source Powered by WPeMatico