2020-6-13 21:00 |
A spiralling currency crisis in Lebanon sparked widespread protests targeting central banks an increasing embrace of digital assets.
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If you were to ask a Bitcoiner in the early 2010s their vision for the world come the end of the decade, an answer involving Bitcoin close to $10,000 and a burning central bank would not be far off.
2020-6-13 11:00 | |
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Lebanon is one of the many countries where financial hardship has become the new normal. One official working for the Banque du Liban has now been arrested over currency manipulation concerns. Central banks are often considered to be a plague among society.
2020-5-19 00:00 | |
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Lebanon is facing an unprecedented economic crisis and the local currency has already lost about 60% of its value. The central bank’s policies have come under fire while citizens are protesting how the government handles the economic meltdown which led to people’s living situation deteriorating “terrifyingly.
2020-5-5 20:30 | |
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A “week of wrath” has descended on Beirut where bank branches have had their windows smashed as protesters destroyed their ATMs and broke the security cameras. The central bank of. . .
2020-1-16 16:15 | |
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Lebanon is on the verge of collapse with the parliament speaker comparing it to the Titanic. The central bank there has apparently engaged in what Nasser Saidi, a former central... The post Bitcoin Efforts Launched For Lebanon Amid Financial Crisis appeared first on Trustnodes.
2019-11-18 19:16 | |
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Lebanon Public Prosecutor Ghassan Oueidat released an order that has imposed a ban on traders and money exchangers from taking significant amounts of dollar currency out of the country. This is until a new mechanism is determined for regulating such transfers.
2019-10-28 16:17 | |
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Since the beginning of widespread protests in Lebanon last week, banks and lending institutions have remained closed, fueling fears of an impending nationwide cash crisis. Attempts to assuage the concerns of suffering individuals without money or options are not proving effective, as officials scramble to address the situation against a backdrop of alleged political embezzlement […] The post Lebanese Protestors Gather at Central Bank as Financial Lockout Continues appeared first on Bitcoin News.
2019-10-25 05:45 | |
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The Central Bank of Brazil has initiated the second phase of its central bank digital currency project, DREX, aiming to demonstrate trade finance as a new use case. In a press release on Nov. 19, Brazil’s central bank announced it…
According to the results of the 2023 BIS survey on central bank digital currencies and crypto, only 12% of central banks are planning to issue retail CBDCs in the mid-term. A recent survey by the Bank for International Settlements (BIS)…
The BOJ hiked the benchmark borrowing cost by 10 basis points, abandoning the prolonged negative interest rate policy.
From legal issues to hackers, launching a CBDC is fraught with risks, and BIS has a big list of them to consider.
NITDA chief Kashifu Inuwa Abdullahi said it’s crucial to take proactive measures to harness AI benefits and mitigate threats.
The answer again is regulation, although this time the suggested regulation looks a lot like central bank co-option.
The answer again is regulation, although this time, the suggested regulation looks a lot like central bank co-option.