Central Bank

Philippines begins Peso-backed stablecoin sandbox testing

Central Bank, Cryptocurrency, Digital Currency, financial inclusion, i2i platform, pesos, Philippines, PHPC, PHX, regulatory sandbox, Stablecoin, UnionBank /

Philippines begins Peso-backed stablecoin sandbox testing 2024-05-13 at 12:01 By Cointelegraph by Arijit Sarkar The test aims to evaluate the PHPC stablecoin’s real-world performance, its impact on the local fiat ecosystem, and its potential uses, including payments, trading and DeFi applications. This article is an excerpt from Cointelegraph.com News View Original Source React to this […]

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Central banks must revise business model, embrace CBDCs — ECB member

CBDC, Central Bank, ECB, Europe, European Union /

Central banks must revise business model, embrace CBDCs — ECB member 2024-05-07 at 01:02 By Cointelegraph by Ana Paula Pereira Bundesbank’s president Joachim Nagel urged central banks to revamp their business models and adopt digital currencies during the BIS Innovation Summit. This article is an excerpt from Cointelegraph.com News View Original Source React to this

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Nigeria restricts fintech onboarding to stop KYC-evading crypto investors

Africa, Central Bank, KYC, money laundering, Nigeria /

Nigeria restricts fintech onboarding to stop KYC-evading crypto investors 2024-05-01 at 12:02 By Cointelegraph by Arijit Sarkar Nigerian fintech firms OPay, Kuda Bank, Moniepoint and PalmPay were directed to pause the creation of new accounts amid an ongoing audit of their KYC processes. This article is an excerpt from Cointelegraph.com News View Original Source React

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Chinese ‘Crypto Dad’ faces government investigation

Central Bank, China, Digital Currency, Ethereum, Government, Hong Kong, investigation, PBoC, Yao Qian /

Chinese ‘Crypto Dad’ faces government investigation 2024-04-26 at 14:01 By Cointelegraph by Helen Partz Yao Qian, the first director of CBDC development at China’s central bank, is reportedly under investigation for suspected law violations. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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New Zealand tests the water on ‘digital cash’ issuance

CBDC, Central Bank, New Zealand /

New Zealand tests the water on ‘digital cash’ issuance 2024-04-17 at 15:01 By Cointelegraph by Arijit Sarkar New Zealand’s central bank has taken a four-stage approach to CBDC issuance and aims to issue an in-house digital dollar by 2023. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Fiji central bank warns against crypto use, disappointing Bitcoin hopes

Central Bank, Cryptocurrencies, law /

Fiji central bank warns against crypto use, disappointing Bitcoin hopes 2024-04-15 at 21:03 By Cointelegraph by Derek Andersen The Fijian prime minister’s reported consultations on introducing Bitcoin into the economy seem to have been in vain. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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New Zealand fears missing crypto train with ‘wait and see’ approach

CBDC, Central Bank, Digital Asset, Digital Currency, New Zealand /

New Zealand fears missing crypto train with ‘wait and see’ approach 2024-04-10 at 12:02 By Cointelegraph by Arijit Sarkar Andrew Bayly, the Minister of Commerce and Consumer Affairs, warned that New Zealand’s “wait and see” approach could lead to missing out on the benefits of development in the digital asset industry. This article is an

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OKX gets in-principle approval for payment institution license in Singapore

Central Bank, Cryptocurrency Exchange, Exchanges, Singapore /

OKX gets in-principle approval for payment institution license in Singapore 2024-03-13 at 04:04 By Cointelegraph by Ezra Reguerra The Major Payment Institution license will allow OKX to facilitate multiple payment services and exceed the transaction volume limitations set by Singapore’s financial regulator. This article is an excerpt from Cointelegraph.com News View Original Source React to

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Bitcoin is up 170% since the ECB called its ‘last gasp’ at $16.4K

Bitcoin, BTC, Central Bank, ECB /

Bitcoin is up 170% since the ECB called its ‘last gasp’ at $16.4K 06/12/2023 at 13:11 By Cointelegraph by William Suberg Bitcoin does the complete opposite of what the EU’s central bank warned about in late 2022. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Italy and South Korea central banks agree on CBDC cooperation

CBDC, Central Bank, Italy, South Korea /

Italy and South Korea central banks agree on CBDC cooperation 05/12/2023 at 17:06 By Cointelegraph by Savannah Fortis The central banks of Italy and South Korea announced a memorandum of understanding in the development and deployment of CBDCs. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Solomon Islands, Soramitsu team up for Bokolo Cash CBDC proof-of-concept

CBDC, Central Bank, Remittances, Soramitsu /

Solomon Islands, Soramitsu team up for Bokolo Cash CBDC proof-of-concept 30/11/2023 at 22:02 By Cointelegraph by Derek Andersen The Solomons join tiny island nations worldwide at the forefront of CBDC development. Soc A new CBDC joins the very large crowd. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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BIS advises central banks to plan in advance for CBDC security

BIS, CBDC, Central Bank, cybercrime, cybersecurity /

BIS advises central banks to plan in advance for CBDC security 29/11/2023 at 22:02 By Cointelegraph By Derek Andersen From legal issues to hackers, launching a CBDC is fraught with risks, and BIS has a big list of them to consider. This article is an excerpt from Cointelegraph.com News View Original Source React to this

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Nigeria’s NITDA advocates AI integration in payments for global recognition

Central Bank, Nigeria, Technology /

Nigeria’s NITDA advocates AI integration in payments for global recognition 24/11/2023 at 12:02 By Cointelegraph By Amaka Nwaokocha National Information Technology Development Agency chief, Kashifu Inuwa Abdullahi, said it’s crucial to take proactive measures to harness AI benefits and mitigate threats. This article is an excerpt from Cointelegraph.com News View Original Source React to this

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Singapore to restrict retail crypto speculation with new rules

Central Bank, Singapore /

Singapore to restrict retail crypto speculation with new rules 24/11/2023 at 10:02 By Cointelegraph By Arijit Sarkar According to MAS, speculative cryptocurrency trading is partly fueled by unverified success stories, celebrity endorsements and the fear of missing out (FOMO) on good returns. This article is an excerpt from Cointelegraph.com News View Original Source React to

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‘Primitive’ stablecoin lacks mechanisms that maintain fiat stability: BIS

BIS, Central Bank, Fiat Money, Stablecoin /

‘Primitive’ stablecoin lacks mechanisms that maintain fiat stability: BIS 18/11/2023 at 02:01 By Cointelegraph By Derek Andersen The answer again is regulation, although this time the suggested regulation looks a lot like central bank co-option. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Swiss wholesale CBDC pilot kicks off in alliance with central, commercial banks

Banks, CBDC, Central Bank, Swiss Franc, Switzerland /

Swiss wholesale CBDC pilot kicks off in alliance with central, commercial banks 02/11/2023 at 14:02 By Cointelegraph By Arijit Sarkar The Swiss wCBDC pilot project will be hosted on SDX and use the infrastructure of Swiss Interbank Clearing. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Hong Kong advances CBDC pilot, bringing e-HKD trials to Phase 2

CBDC, Central Bank, China, dollar, Hong Kong /

Hong Kong advances CBDC pilot, bringing e-HKD trials to Phase 2 31/10/2023 at 10:03 By Cointelegraph By Arijit Sarkar e-HKD Phase 1 trial was dedicated to full-fledged payments, programmable payments, offline payments, tokenized deposits, settlement of Web3 transactions and settlement of tokenized assets. This article is an excerpt from Cointelegraph.com News View Original Source React

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Central banks want to look under crypto’s hood — Is this a positive sign?

BIS, Central Bank, Euro, Europe, European Union /

Central banks want to look under crypto’s hood — Is this a positive sign? 18/10/2023 at 17:02 By Cointelegraph By Andrew Singer The mere fact that the Deutsche Bundesbank, BIS and other financial incumbents want such information now suggests a tacit acceptance of crypto. This article is an excerpt from Cointelegraph.com News View Original Source

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South Korean exchange Upbit gets initial license nod from Singapore

Central Bank, crypto exchange, crypto license., in-principle approval, license, mas, sg, Singapore, Upbit /

South Korean exchange Upbit gets initial license nod from Singapore 16/10/2023 at 04:04 By Cointelegraph By Jesse Coghlan Upbit Singapore scored initial approval from the country’s central bank and financial regulator for a local crypto license. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Bitcoin price could hit $750K to $1M by 2026 — Arthur Hayes

Bitcoin Price, Central Bank, Cryptocurrencies, federal reserve, hyperinflation, inflation, interest rates, markets, stocks /

Bitcoin price could hit $750K to $1M by 2026 — Arthur Hayes 11/10/2023 at 00:03 By Cointelegraph By Ray Salmond BitMEX founder Arthur Hayes expects Bitcoin to be $750,000 by 2026. Here’s how and why. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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