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World Bank Refuses to Help El Salvador Make Bitcoin Legal Tender Citing Environmental and Transparency Issues
The World Bank has refused to provide technical assistance to El Salvador in implementing bitcoin as legal tender. The bank cited bitcoin’s “environmental and transparency shortcomings” as the reason. дальше »
2021-6-18 20:00 | |
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World Bank Turns Down El Salvador’s Request to Help Execute Bitcoin Plans
The World Bank has said that it would not be able to assist the El Salvadoran government with its plans to officially make bitcoin the country’s second legal tender. World Bank Not in Support of El Salvador’s Bitcoin Ambitions According to Reuters on Wednesday (June 16, 2021), the World Bank turned down El Salvador’s requestRead More дальше »
2021-6-17 19:00 | |
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World Bank cites this as a Bitcoin issue for not helping El Salvador
The World Bank has rejected El Salvador's request to implement Bitcoin as legal tender. This decision was taken in light of the negative environmental effects of Bitcoin mining and transparency drawbaThe post World Bank cites this as a Bitcoin issue for not helping El Salvador appeared first on AMBCrypto. дальше »
2021-6-17 13:30 | |
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World Bank Denies El Salvador Assistance With Bitcoin Implementation
In an email sent on Wednesday, the World Bank said it cannot provide any assistance to El Salvador as the country implements bitcoin as legal tender. The post World Bank Denies El Salvador Assistance With Bitcoin Implementation appeared first on BeInCrypto. дальше »
2021-6-17 12:56 | |
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The World Bank under fire for refusing to help El Salvador switch to BTC
The World Bank came under fire recently after refusing to help El Salvador transition to adopt Bitcoin (BTC/USD) as legal tender — a decision that was announced only about a week ago by the country’s president. дальше »
2021-6-18 10:32 | |
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Central American Bank for Economic Integration to Help El Salvador Implement Bitcoin as Legal Tender
The Central American Bank for Economic Integration (CABEI), which has 15 member countries, will help El Salvador implement bitcoin as legal tender. The CABEI president has expressed his support. “We’re very optimistic,” he said. дальше »
2021-6-17 04:00 | |
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Christine Lagarde Reaffirms ECB’s Crypto Policy as Bitcoin Becomes Legal Tender in El Salvador
The president of the European Central Bank (ECB), Christine Lagarde, has shared her view on El Salvador making bitcoin legal tender. She confirmed that the central bank’s policy on bitcoin and other cryptocurrencies has not changed. дальше »
2021-6-14 04:00 | |
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Bank of Namibia Warns Crypto Traders It ‘Will Not Entertain Complaints’ if They Get Scammed
The Bank of Namibia (BON) has warned individuals investing in cryptocurrencies that it will not entertain their complaints should they get scammed. The institution argues that since its mandate does not currently cover digital currencies, it lacks the “legal power” to follow up on such complaints. дальше »
2021-6-12 01:30 | |
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El Salvador’s Bitcoin adoption an ‘interesting experiment,’ says BIS exec
El Salvador’s move to make Bitcoin legal tender in the country continues to elicit reactions from legacy finance gatekeepers — this time, from the Bank for International Settlements. дальше »
2021-6-11 13:47 | |
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Major Indian Bank HDFC Says ‘It’s a Matter of Time Before Indian Investors Have Legal Access to Crypto Plays’
One of India’s leading private banks with 5,608 branches and 16,087 ATMs, HDFC Bank, has published a report stating that “it is just a matter of time before Indian investors have legal access to crypto plays. дальше »
2021-6-2 13:30 | |
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Crypto unlikely to escape regulation, says world’s oldest central bank Riksbank
Regulatory oversight would soon creep into the burgeoning crypto sector even as they currently continue to largely operate in a legal gray area, said the governor of Riksbank, Sweden’s central bank, on Monday. дальше »
2021-6-2 11:43 | |
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Dutch Central Bank Forced To Backpedal On Bitcoin Address Verification Procedures After Court Ruling
The Dutch Central Bank has lost a legal battle over its uninformed and bureaucratic bitcoin address verification requirements. дальше »
2021-5-22 15:37 | |
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Bank of Russia to Launch Digital Ruble Prototype by End of Year
The Central Bank of Russia (CBR) is preparing to release a digital prototype of the national fiat towards the end of 2021, a high-ranking official has confirmed. Transfers between private individuals will be free of charge with the digital ruble, which is going to have legal tender status on par with Russia’s traditional currency. Bank […] дальше »
2021-5-21 01:00 | |
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Nigeria’s SEC says central bank’s crypto ban disrupted the market
The Securities and Exchange Commission of Nigeria says it is working with the central bank to create a legal framework for cryptos and digital assets. дальше »
2021-4-17 14:09 | |
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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. дальше »
2021-4-9 12:26 | |
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Sources Claim Nigeria’s Bitcoin Ban Has Been Lifted
The use of cryptocurrencies in Nigeria might have just been made legal again. According to unofficial sources, the Central Bank of Nigeria has claimed that there was never a time where it placed a ban on the use of cryptocurrencies. дальше »
2021-3-21 21:42 | |
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Bank of Thailand Declares Terra-based Thai Baht Stablecoin THT Illegal & In Violation of Currency Act
The Bank of Thailand (BoT) has declared THT, a Baht-pegged stablecoin on Luna-powered Tera, in violation of the Currency Act of 1958, which gives the state exclusive authority to issue money. Pruettipong Srimachand, Assistant Governor of the Legal Group at the central bank, reported on the development around stablecoins in the private sector. дальше »
2021-3-18 19:31 | |
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European Central Bank (ECB) Wants Full Control Of Stablecoin Issuance In Region
The European Central Bank (ECB) has requested EU lawmakers to confer bank control over the issuance of stablecoins within the region. Reuters reported today that the ECB, via a legal memo issued on February 19, requested exclusive rights to determine stablecoin future within its jurisdiction. дальше »
2021-2-25 18:00 | |
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European Central Bank (ECB) Demands Power to Shut Down Private Stablecoins, Like Diem, in the EU
The European Central Bank finally tables its official opinion regarding crypto regulations to the top decision-making again, European Commission. In their official opinion, the ECB now wants the EU members of parliament to grant its veto powers regarding the legal status of stablecoins such as Facebook-supported-Diem. дальше »
2021-2-23 21:11 | |
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South Korea: Central Bank Publishes Book on CBDC Legal Considerations
South Korea’s plans for its experimental central bank digital currency (CBDC) project also includes efforts to contribute to the expanding body of knowledge dedicated to sovereign digital currencies. дальше »
2021-2-9 02:00 | |
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Swiss Firms Tokenize Premium Wines Under New DLT Law
Sygnum Bank and Fine Wine Capital have tokenized premium investable wines as digital assets for trading. The asset will launch on Sygnum’s Desygnate platform, which follows the new legal proceedings set forth for DLT-based securities. дальше »
2021-2-2 22:08 | |
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Ripple continues to position XRP as 'bridge asset' for CBDCs
Despite its ongoing legal troubles, Ripple appears to be continuing its mission to position XRP as a "bridge asset" between Central Bank Digital Currencies (CBDCs). In a recent blog titled "The FuturThe post Ripple continues to position XRP as 'bridge asset' for CBDCs appeared first on AMBCrypto. дальше »
2021-1-7 18:30 | |
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Kyrgyzstan: Central Bank Publishes Draft Crypto Laws, Calls for Public Comments
Kyrgyzstan’s central bank has issued draft crypto regulations that will create a legal framework for the country’s crypto industry. The move forms the latest effort by the government to leverage the growing virtual currency adoption in the country while providing adequate investor protection. дальше »
2021-1-7 20:00 | |
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BIS And Swiss National Bank Announce Findings of CBDC Pilot Program
Revealed on Dec 3, the BIS claims the results demonstrate the operational feasibility and legal workability of a digital franc used only for interbank settlement on a blockchain testnet. Project Helvetia Background In the works since 2019, the collaboration brought together the BIS, SNB, and financial market infrastructure provider SIX Group. дальше »
2020-12-5 22:13 | |
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US Regulator OCC Proposes ‘Fair Access’ to Banking Services For All Including Crypto Companies
The Office of the Comptroller of the Currency (OCC), the US's national bank regulator, has proposed a rule that would forbid banks from providing their services to legal industries, including cryptocurrency companies. дальше »
2020-11-22 20:00 | |
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Belarus’ Largest Commercial Bank Launches Crypto Trading Desk
Belarusbank, the largest commercial bank in Belarus has launched the country’s first legal crypto trading platform. The move is the latest crypto adoption news to come out of a country currently experiencing anti-government protests against President Alexander Lukashenko. дальше »
2020-11-16 18:45 | |
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Belarus now has its own first legal cryptocurrency exchange
The state-owned bank, Belarusbank launched the first legal cryptocurrency exchange service in Belarus, through its partnership with White Bird, a local cryptocurrency firm. With this launch, citizens The post Belarus now has its own first legal cryptocurrency exchange appeared first on AMBCrypto. дальше »
2020-11-16 18:30 | |
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Avanti Becomes The Second Bitcoin Bank In U.S. After Earning Approval From Wyoming State Regulators
Avanti has received a banking charter from Wyoming state regulators to provide cryptocurrency banking services to its customers. This comes just a month after Kraken received the legal go-ahead for its cryptocurrency bank. дальше »
2020-10-30 21:29 | |
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Bank of Japan Needs New Legislative Mandate to Issue CBDC
Amid ongoing central bank digital currency (CBDC) research efforts, the Bank of Japan (BOJ) may require a new legal prerogative to issue digital yen. Apart from legislative changes to support a possible CBDC issuance, these amendments to the BOJ’s roles and responsibilities may also affect other policies like inflation and job creation. дальше »
2020-10-13 16:20 | |
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Bank for International Settlements Partnered with Seven Central Banks to Detail CBDC Expectations
Coinspeaker Bank for International Settlements Partnered with Seven Central Banks to Detail CBDC ExpectationsThe report indicates that a CBDC should be easily convertible, convenient to all, possess an unmatched security system, have high speed, and should be of legal sound. дальше »
2020-10-10 16:07 | |
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Maduro Wins U.K. Court Appeal Over Contested Venezuelan Gold
A British court has ruled in favor of Nicolas Maduro’s Venezuelan government in the legal fight over the $1 billion in gold held by the Bank of England (BOE). As previously reported by BeInCrypto, Venezuela filed a $1 billion lawsuit against the BOE and claimed that the central bank refused to release the gold owed. дальше »
2020-10-5 16:35 | |
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ECB Files for a ‘Digital Euro’ Trademark as Central Banks Turn Focus to CBDCs
The European Central Bank (ECB) filed an application last week to trademark the name ‘digital euro’ as the CBDC craze gains momentum. A report by Bloomberg revealed that the ECB applied for the ‘digital euro’ trademark through its German-based legal representatives, Bock Legal. дальше »
2020-10-3 18:24 | |
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Copyright Infringement Case Takes a Twist As Ripple Holds The “PayID” Trademark
A consortium of Australian banks, led by the Reserve Bank of Australia, reportedly brought legal action against Ripple Labs for copyright infringement. The issue relates to PayID, a payment network operated by the Open Payments Coalition (OPC). дальше »
2020-8-28 14:15 | |
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Paytm Freezes Indian Bank Accounts Suspected of Cryptocurrency Trading: Report
India’s largest mobile commerce platform Paytm has reportedly been freezing the bank accounts of users suspected of crypto trading, even though cryptocurrency, including bitcoin, is legal in India. дальше »
2020-8-11 14:35 | |
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Revolut Bank to Give Clients Beneficial Rights under Updated Crypto Terms
Coinspeaker Revolut Bank to Give Clients Beneficial Rights under Updated Crypto TermsStarting from July 27, the clients of Revolut will have legal control of their cryptocurrencies.Revolut Bank to Give Clients Beneficial Rights under Updated Crypto Terms дальше »
2020-6-17 17:04 | |
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5 Chinese Banks Say Legal Crypto Traders’ Accounts Will Not Be Frozen as Police Widen Crackdown
Following reports that Chinese authorities are freezing bank accounts of cryptocurrency traders, five banks have reportedly clarified their policies. They confirmed that accounts with legal crypto transactions will not be frozen. дальше »
2020-6-16 22:05 | |
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Bank of Korea announces legal advisory panel for CBDC
Many countries around the world have been making significant progress in terms of their developmental efforts for their own central bank digital currency [CBDC]. China is to unveil its Digital CurrencThe post Bank of Korea announces legal advisory panel for CBDC appeared first on AMBCrypto. дальше »
2020-6-16 20:00 | |
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South Korea Set Up Committee to Study Regulatory Obstacles for Potential CBDC Project
South Korea’s central bank, the Bank of Korea (BOK) has set up a legal advisory committee that will look into any possible regulatory roadblocks when issuing its planned central bank digital currency (CBDC). дальше »
2020-6-16 19:07 | |
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Bank of Korea launches legal advisory panel for CBDC development
This is part of a series of initiatives being launched by the central bank...
The post Bank of Korea launches legal advisory panel for CBDC development appeared first on Coin Journal.
дальше »2020-6-15 16:37 | |
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