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Central Banks

Mexico puts out opposing statement to billionaire’s plan for Bitcoin

Mexico’s central bank issued a statement Monday saying cryptocurrencies like Bitcoin are not legal tender and cannot be used in the country’s financial system. The...

29 Jun 2021

Stan Colenbrander

Central Banks

Israel has already tested its digital shekel CBDC

Central banks globally are preparing for CBDC deployment, and Israel is one of the countries to have made significant progress in this quest. Bank of...

22 Jun 2021

Ben O'Connor

Central Banks

PBOC asks Chinese banks to block cryptocurrency transactions

Chinese authorities have increased their efforts to crack down on cryptocurrency mining and trading activities, with more financial institutions now getting involved. PBOC ask banks...

21 Jun 2021

Karim Abuzeineh

Central Banks

Prepare for crypto adoption, Tanzanian president tells the central bank

Tanzania could be edging closer to cryptocurrency adoption after the president urged the central bank to prepare for it. Cryptocurrency adoption is coming Tanzanian president...

14 Jun 2021

Asad Saddique

Central Banks

Consumer deposits at banks could shift to digital currencies: BOE

The Bank of England has discussed the possibility of shifting consumer deposits at retail banks to digital currencies if governments start offering them. At the...

07 Jun 2021

Hassan Maishera

Central Banks

Russian online bank Tinkoff can’t offer crypto due to strict regulations

Russia’s largest online bank said it wants to offer cryptocurrencies to its clients but cannot do so due to a tough stance from the country’s...

04 Jun 2021

Angela M Jones

Central Banks

The Indian Central Bank reconfirms concerns about crypto trading

The Reserve Bank of India repeated its concerns about cryptocurrencies and clarified its position on digital assets just days after instructing banks to lift the...

04 Jun 2021

Stan Colenbrander

Central Banks

Failure to issue CBDCs could affect stability, ECB warns

The European Central Bank (ECB) has warned that central banks failing to issue digital currencies presents risks to economic stability. Central banks need to issue...

03 Jun 2021

Ben O'Connor

Central Banks

Cryptos will be legal again in Nigeria, says CBN governor

The Central Bank of Nigeria (CBN) governor said that cryptocurrencies would be legal again in the country as it is working hard to stop them...

28 May 2021

Angela M Jones

Central Banks

Bank of Korea Expresses Crypto Trading Concerns

Leveraged cryptocurrency trading by individuals in South Korea threatens the nation’s financial system, Bank of Korea Gov. Lee Ju-yeol said on Thursday. He pledged to...

27 May 2021

Stan Colenbrander

Central Banks

Bank of Canada sees no strong case for a digital dollar

The bank of Canada has been looking into how its digital currency might look and work, but the central bank does not see a strong...

27 May 2021

Stan Colenbrander

Central Banks

Indonesia plans to issue a central bank digital currency

Indonesia’s central bank is planning to launch a digital rupiah currency to speed up payments. It will be a legal tender in Indonesia alongside banknotes...

25 May 2021

Stan Colenbrander