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The CBN Says Nigeria Will Have a Digital Currency Before End of Year
Nigeria is likely to have its own central bank digital currency (CBDC) by the end of the year, an official with the Central Bank of Nigeria (CBN) has said. In his remarks following the bankers’ committee meeting, Rakiya Mohammed, who is the director of information technology at CBN, also revealed that this “digital currency would […] дальше »
2021-6-12 04:30 | |
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Digital Yuan to Be Stored in Physical and Digital Wallets, Official Says
The People’s Bank of China (PBoC) announced today that the digital yuan wallet will be inclusive for all to use. The post Digital Yuan to Be Stored in Physical and Digital Wallets, Official Says appeared first on BeInCrypto. дальше »
2021-6-12 18:30 | |
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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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Nigeria’s central bank plans CBDC pilot launch before the end of 2021
The Central Bank of Nigeria says it is gearing up to test a sovereign digital currency to ease foreign remittance restrictions.
дальше »2021-6-11 12:04 | |
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Financial Regulators Propose a Rule that Could Shatter Bank’s Interest in Crypto
The financial situation for Banks that have their eye on crypto may have just taken a sharp turn, as the Swiss financial committee says banks should set aside money to protect investors from losses incurred in cryptocurrency holdings. дальше »
2021-6-11 01:00 | |
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State Street Launches New Digital Division; Considering “Adding Crypto to Their Balance Sheet”
The second-oldest bank in the US with $40. 3tn under custody says, “We are at a tipping point,” and is having “intense” communication with the regulators while “a lot” of (its) clients looking to launch crypto ETFs. дальше »
2021-6-11 19:00 | |
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Warren Buffett’s Berkshire Hathaway Invests in Bitcoin-Friendly Digital Bank
Berkshire Hathaway, the company led by CEO Warren Buffett, has invested $500 million in a pro-bitcoin digital bank. Nubank says it will offer bitcoin investment following its acquisition of brokerage firm Easynvest which offers the trading of Brazil’s first bitcoin exchange-traded fund (ETF). дальше »
2021-6-10 03:30 | |
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Bank of England Proposes Regulation of Stablecoin Use As Payment Means
The Bank of England (BoE) stated that stablecoin payments should receive the same regulations as bank payments, if the former gains widespread adoption. BoE Says Stablecoin Regulatory Framework Necessary in the UK According to Reuters on Monday (June 7, 2021), the BoE in a Discussion Paper, said that it was important to establish regulatory policiesRead More дальше »
2021-6-8 13:00 | |
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President Of Top Russian Bank Tells Why They Don’t Like Bitcoin
The president of the second-largest bank in Russia, VTB Bank says the institution doesn’t like Bitcoin because it sees it as fake money. To Andrey Kostin, the fact that “someone sits somewhere mining Bitcoin” makes the crypto’s mining operations equal to fake money printing scams. дальше »
2021-6-5 22:02 | |
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Глава ВТБ: Биткоин — фейковая криптовалюта
Глава ВТБ Андрей Костин в интервью Bloomberg заявил, что ему не нравится биткоин и назвал его фейковой валютой, об этом пишет РБК Крипто. "We don't like Bitcoin. We think it's like making fake money," says VTB Bank President Andrey Kostin https://t. дальше »
2021-6-5 14:53 | |
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ECB: Digital Euro to Boost Global Appeal of European Money, Fight ‘Artificial Currencies’
The digitization of traditional currencies like the euro has the potential to increase their international appeal, the European Central Bank says in a new report. A failure to offer a digital currency would endanger financial stability, ECB warns. дальше »
2021-6-4 02:00 | |
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Russia’s top bank considers cryptocurrency but mulls regulatory challenges
Tinkoff, the largest digital bank in Russia is considering offering cryptocurrency services. However, it says the only thing standing in its way is the stringent central bank policies on digital assets. дальше »
2021-6-4 21:10 | |
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Russia’s Central Bank Chief Says CBDCs Are Necessary For Financial Systems
Russia’s Central Bank Chief Elvira Nabiullina said her country's decision to create a central bank digital currencies (CBDC) is due to its perceived benefits. Digital Ruble Prototype Would Be Launched This Year Speaking in a CNBC interview, the apex bank governor said Russia aims to roll out its Digital Ruble prototype by the end of […] The post Russia’s Central Bank Chief Says CBDCs Are Necessary For Financial Systems first appeared on BitcoinExchangeGuide. дальше »
2021-6-3 20:36 | |
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Riksbank governor says Bitcoin won’t go unregulated
Stefan Ingves, the governor of Sveriges Riksbank, Sweden’s central bank, does not think Bitcoin (BTC) and other cryptocurrencies will be successful in dodging regulation. He shared his thoughts on June 1, signaling that Sweden might soon crackdown on the widely unregulated crypto market. дальше »
2021-6-2 15:48 | |
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Bitcoin Will Face Tougher Regulation as Popularity Grows, Says Sweden’s Central Banker
The Swedish central bank’s governor says bitcoin will face tougher regulation given its sheer popularity that continues to grow. “When something gets big enough, things like consumer interests and money laundering come into play,” said Stefan Ingves, Governor of the Riksbank. дальше »
2021-6-2 03:00 | |
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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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BNY Mellon Sets Up Crypto Unit in Ireland as Central Bank Says Bitcoin Is ‘of Great Concern’
U.S. banking corporation BNY Mellon is gearing up to offer crypto custody services out of Dublin where it has just established a digital hub. The news coincided with a stark warning issued by a top central bank official in Ireland who said people should only buy bitcoin if they’re prepared to lose money. BNY Mellon […] дальше »
2021-6-1 05:00 | |
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Irish Central Bank official says cryptos like Bitcoin are a ‘great concern’
Derville Rowland, Ireland Central Bank’s Director-General for Financial Conduct, said in an interview with Bloomberg today that cryptocurrencies such as Bitcoin are “of great concern. ” The bank’s official also addressed crypto investors saying “crypto-assets are quite a speculative, unregulated investment,” warning them to be “really aware they could lose the whole of that investment. дальше »
2021-6-1 22:00 | |
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Former PBOC Official Says Digital Yuan Not Developed to Monitor Transactions
A former official of the People’s Bank of China (PBOC) argued that contrary to opinions about China’s central bank digital currency (CBDC), the digital yuan was not developed for monitoring purposes. дальше »
2021-6-1 21:00 | |
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Crypto Popularity of ‘Great Concern’ to Irish Central Banker
Irish Central Bank official Derville Rowland says the rising popularity of cryptocurrencies like Bitcoin is “of great concern.” The post Crypto Popularity of ‘Great Concern’ to Irish Central Banker appeared first on BeInCrypto. дальше »
2021-5-31 14:00 | |
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BOJ’s Kuroda Criticizes Bitcoin — Central Bank Governor Says Trading Is ‘Barley Used for Settlement’
Following the recent developments in China and the environmental concerns about bitcoin’s energy consumption, the Bank of Japan Governor Haruhiko Kuroda criticized the leading crypto asset bitcoin in an interview on Thursday. дальше »
2021-5-28 16:30 | |
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Bank of Japan governor slams Bitcoin, calls BTC a speculative asset
The BOJ governor says Bitcoin is a speculative play, while issuing warnings over price volatility.
дальше »2021-5-28 15:50 | |
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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.
дальше »2021-5-28 12:02 | |
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Danish Central Banker Tempted to Ignore Cryptocurrency — Sees Real Threat in ‘Big Tech Invading Currency Area’
Denmark’s central bank governor Lars Rohde says that he can be tempted to ignore cryptocurrency, stating that it is not a threat to the central bank at present. However, he pointed out that the real threat could come from big technology companies “invading the currency area or the transaction means. дальше »
2021-5-28 03:35 | |
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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. дальше »
2021-5-28 20:30 | |
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Bank of Canada CBDC to Be of Less Harm to Environment Than Bitcoin, Deputy Says
Timothy Lane has stated that the energy-intensive process is paramount in how much the public trusts cryptocurrencies. The post Bank of Canada CBDC to Be of Less Harm to Environment Than Bitcoin, Deputy Says appeared first on BeInCrypto. дальше »
2021-5-27 19:45 | |
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Nigerian central bank does a U-turn on Bitcoin ban, saying they now “allow” it
According to local news reports, the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, says he will “allow” the trading of Bitcoin and other cryptocurrencies. The post Nigerian central bank does a U-turn on Bitcoin ban, saying they now “allow” it appeared first on CryptoSlate. дальше »
2021-5-28 19:00 | |
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BoK says leveraged crypto trading poses a threat to the banking system
The Bank of Korea (BoK) has come out to warn that the increasing cases of leveraged crypto trading by South Korean citizens pose a significant threat to the country’s financial system. A report unveiled this news on May 27, citing remarks from BoK’s governor, Lee Ju-yeol, who spoke after a monetary policy committee meeting yesterday. дальше »
2021-5-28 18:31 | |
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South Africa Reserve Bank Commences Retail CBDC Feasibility Study
The South African Reserve Bank (SARB) says it has commenced a feasibility study for a general-purpose retail central bank digital currency (CBDC). The study, which the SARB expects to conclude in 2022, will focus on the issuance of a domestic CBDC that can be used by consumers in South Africa for general retail purposes. Study […] дальше »
2021-5-27 08:30 | |
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Federal Reserve Bank President Says Most Cryptocurrencies Are Worthless
The president of the Federal Reserve Bank of St. Louis, James Bullard, says that most cryptocurrencies are “worthless. ” He noted that if “cryptocurrency can facilitate transactions that are difficult to make in conventional currencies, then they will have a purpose and might circulate alongside the nation-backed currencies. дальше »
2021-5-27 02:00 | |
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Central Bank of Nigeria Governor Says “Digital Currency Will Come to Life” but Attacks Volatile Cryptocurrencies
Central Bank of Nigeria (CBN) governor, Godwin Emefiele, says digital currency “will come to life even in Nigeria” just a few months after the central bank ordered banks to stop serving the crypto industry. дальше »
2021-5-26 12:00 | |
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Zimbabwe’s Biggest Bank Looks at Methods to ‘Leverage Cryptocurrencies’
One of Zimbabwe’s biggest financial institutions, CBZ Holdings says it is looking at ways it could “leverage cryptocurrencies and other emerging digital innovations. ” According to the financial institution’s chairperson, Marc Holtzman, CBZ “is open-minded about new innovations, as these could open up new opportunities going forward. дальше »
2021-5-26 08:00 | |
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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. дальше »
2021-5-26 06:30 | |
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Goldman Sachs Says FOMO Is Driving Institutional Investors to Bitcoin
Investment bank Goldman Sachs says institutional investors and asset managers are driven to bitcoin by “fear of missing out” (FOMO). Goldman now considers bitcoin a new asset class. Nonetheless, institutional investors are facing several strong barriers to entry into the crypto market. дальше »
2021-5-26 02:00 | |
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Goldman Sachs says Bitcoin is officially a new asset class
Goldman Sachs, an American multinational investment bank, recently conducted research and found that the crypto space is now a new asset class. The financial institution shared the findings of the research through a report on May 21, noting that crypto is undoubtedly Top of Mind. дальше »
2021-5-26 22:54 | |
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BoE Governor says ‘Huge Enthusiasm’ Around Crypto Assets Has Him Feeling ‘Skeptical’
Bank of England Governor Andrew Bailey continues to share his concerns about digital currencies. This time, he is warning about the danger of “getting carried away” with financial innovation. “I don’t want to be seen as a Luddite,” Bailey said on Monday in response to questions in the Treasury Committee in Parliament. дальше »
2021-5-26 18:10 | |
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German bank that went nearly bankrupt in 2019 says Bitcoin is ‘wishful thinking’
Last week’s crypto market meltdown has proved yet again that “the value of Bitcoin is entirely based on wishful thinking,” according to a research note recently published by Deutsche Bank analysts. дальше »
2021-5-24 19:00 | |
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HSBC Won’t Launch Bitcoin Trading Desk, CEO Says Bank Has No Plans to Offer Cryptocurrency Investments
HSBC has confirmed its bitcoin and cryptocurrency stance as a growing number of major banks are beginning to offer crypto services. CEO Noel Quinn says that HSBC views bitcoin as an asset class rather than a payments vehicle but the bank is not rushing into providing cryptocurrency investments for clients. HSBC Confirms Crypto Stance HSBC […] дальше »
2021-5-24 14:34 | |
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Former US Treasury Secretary Larry Summers Says Cryptocurrency Is Here to Stay as Digital Gold
Former U. S. treasury secretary and chief economist at the World Bank, Larry Summers, says cryptocurrency is here to stay as a kind of digital gold. He believes that people want an alternative to gold that is “separate and apart from the day-to-day workings of governments. дальше »
2021-5-24 19:00 | |
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UBS Advisor Van Steenis says Central Banks Are Not Threatened by Crypto
Former Bank of England advisor Huw van Steenis has stated that central banks are not running scared of cryptocurrencies. He believes retaining control of money forms the crux of their move towards central bank digital currencies (CBDCs). дальше »
2021-5-22 15:10 | |
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Nigeria Bureau De Change Association Boss Accuses Speculators of Destabilizing the Naira— Says Central Bank Funding Will End Currency Woes
According to the head of the Nigerian group of bureau de change operators, the naira’s continued fall on the parallel market is down to the activities of speculators. However, Aminu Gwadabe, the president of the Association of Bureau de Change Operators of Nigeria (ABCON), suggests that only a “massive funding” of bureau de change (BDC) […] дальше »
2021-5-22 15:00 | |
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