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Brazil authorizes its central bank to regulate crypto

0xMain
June 14, 2023

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Brazilian President Luiz Inácio Lula da Silva has signed a new law empowering the country’s central bank to regulate and supervise cryptocurrency firms while ensuring that tokens that qualify as securities remain under the authority of the securities regulator. This development is in...

Kenyan central bank says CBDC not a priority

0xMain
June 2, 2023

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Following a period of feedback collection on central bank digital currencies (CBDCs) earlier this year, Kenya’s central bank (CBK) has told the public that a CBDC is not a priority. Additionally, the CBK has expressed the view that the appeal of CBDCs is...

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Nigerian central bank maintains stance on crypto withdrawal restrictions

0xMain
June 2, 2023

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Nigeria’s cryptocurrency landscape has experienced ongoing turmoil, with citizens embracing digital assets while the government remains steadfast in its opposition. In response, the government has enforced a ban on cryptocurrencies, prohibiting individuals from engaging in crypto transactions through their bank accounts, prompting the...

Central banks fear CBDC risks, can’t keep up with fintech regulation

0xMain
May 11, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Fintech Benchmarks 2023 brought into sharp focus the escalating conflict between emerging digital currencies and the traditional institutions that control monetary issuance. A significant proportion of central banks –...

Hungarian central banker sees CBDC as promising technology

0xMain
May 10, 2023

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Hungary is currently considering the potential benefits of launching a central bank digital currency (CBDC) in order to reach unbanked citizens, according to a high-ranking official’s statement. Despite being a European Union (EU) member state and therefore required to adopt the euro, Hungary...

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Argentina’s citizens embrace crypto despite central bank ban

0xMain
May 9, 2023

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Argentina is facing a challenging financial landscape, with its Central Bank imposing restrictions on cryptocurrency transactions via payment providers, even as the public increasingly adopts digital currencies to safeguard their wealth. As Argentina’s economy grapples with economic turmoil and a surging interest in...

New York regulator and Danish central bank governor discussed crypto regulation

0xMain
April 23, 2023

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New York State Department of Financial Services (NYDFS) superintendent, Adrienne Harris, met with a delegation led by Danmarks Nationalbank governor, Signe Krogstrup, earlier in the week. According to a tweet by the NYDFS, Adrienne Harris met with Danish central bank governor Signe Krogstrup...

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Ripple leveraged by Montenegro’s Central Bank for CBDC project

0xMain
April 11, 2023

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The Central Bank of Montenegro (CBCG) is collaborating with Ripple to develop a strategy and pilot program for the country’s first Central Bank Digital Currency (CBDC), or national stablecoin. The collaboration was announced in an April 11 press release. Its aim is to...

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UAE central bank rolls out CBDC strategy

0xMain
March 24, 2023

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The Central Bank of the United Arab Emirates (CBUAE) has released its CBDC strategy. R3 and G42 Cloud have been chosen as the infrastructure and technology providers, with the first phase of the CBDC implementation expected to be completed within the next 15...

Irish Central Bank head wants crypto ad ban

0xMain
January 26, 2023

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The head of the Central Bank of Ireland, Gabriel Makhlouf, has advocated for a ban on cryptocurrency-related advertising. Cryptocurrency ads associated with ‘ponzi schemes’ Makhlouf believes that investing in cryptocurrencies that are not backed by any traditional assets is gambling and claims that...