Turkey to ban cryptocurrency payments
Turkey’s central bank is also banning payment providers from offering fiat-to-crypto onramps for cryptocurrency exchanges. Go to Source Powered by WPeMatico
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Brazil’s Central Bank President Expects to Have News on a CBDC ‘Soon’
The largest country in Latin America could have its central bank digital currency (CBDC) soon, as the Brazilian central bank is taking steps towards creating it. Recently, the Banco Central do Brasil (BCB) president hinted at the possibility of having news on the matter “soon.” No Decision Has Been Made on Whether the Digital Real … Read more
European Central Bank releases results of digital euro consultation
Privacy concerns regarding the digital euro abound as the European Central bank test the waters for a central bank digital currency. Go to Source Powered by WPeMatico
How the digital yuan stablecoin impacts crypto in China: Experts answer
Here’s what crypto and blockchain industry experts from China think about the digital yuan and how it has affected the blockchain space. Go to Source Powered by WPeMatico
Pakistan’s central bank is ‘carefully studying’ CBDCs, says governor
State Bank of Pakistan governor Reza Baqir says the country is “waiting to burst as far as digitization is concerned.” Go to Source Powered by WPeMatico
Swedish Central Bank Releases the First Study About Its CBDC E-Krona Pilot
The Swedish central bank keeps making steps towards modeling its e-krona pilot project by issuing a detailed report of the results of phase one for the path ahead. Riksbank is still optimistic about launching its central bank digital currency (CBDC), but there are hurdles to clear out on the road. Riksbank to Spend Another Year … Read more
Sri Lanka’s central bank warns public against risks of crypto investment
The central bank listed four chief concerns, including the lack of legal recourse in the event of investor disputes and possible violations of foreign exchange regulations when purchasing crypto from abroad. Go to Source Powered by WPeMatico
Sweden’s central bank completes first phase of digital currency pilot
The Riksbank said that CBDC technology still requires further investigation. Go to Source Powered by WPeMatico
Bank of Japan begins first digital currency proof of concept
The first phase of Japan’s CBDC pilots will be completed by March 2022, the central bank states. Go to Source Powered by WPeMatico
Bank of Thailand to begin central bank digital currency tests in 2022
Thailand’s central bank is calling for public comments on its proposed plan to launch a sovereign digital currency within the next five years. Go to Source Powered by WPeMatico