Central Bank - Tag Archives - Cryptonews (Page 10)

Time to Legalize and Tax Bitcoin Mining in Russia, Say Deputy PM, Academic & Think Tank

The voices calling for Russia to legalize Bitcoin (BTC) and crypto mining are continuing to grow louder, with the Deputy Prime Minister, prominent academics, and a leading economic think tank all suggesting that legislation should be rolled out in the near future.RBC reported that the Russian...

, by Tim Alper

4 Qualities of Digital Dollar, Crypto Mortgages, Polkadot’s Fund, Solana ETP + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ CBDCs newsThe US Federal Reserve Chair Jerome Powell outlined four qualities a hypothetical central bank digital...

, by Linas Kmieliauskas

Cautious Optimism in Crypto Market as Bitcoin Tests USD 43K, but Brace for Choppy Weeks

While optimism strengthened in the crypto market on Tuesday, after bitcoin (BTC) tested USD 43,000, and bullish sentiment remained in ethereum (ETH), some analysts warn that "choppy short-term movements may still continue." In either case, the recent bullish moves came despite comments from...

, by Fredrik Vold

Work on a Multi-CBDC Platform Has Revealed ‘More Questions Than Answers’ – BIS

The Bank for International Settlements (BIS)'s central bank digital currency (CBDC) project, known as Project Dunbar, has created more questions than answers, the international body said today. However, establishing a global network of connected CBDC platforms still remains a goal for the...

, by Fredrik Vold

Malaysian Ministry Suggests Making Crypto Legal Tender To Promote It Among Youth

In a bid to enhance the financial inclusion of young people, the Malaysian Ministry of Communications and Multimedia has proposed to the country’s authorities to designate cryptoassets as Malaysia’s legal tender.Datuk Zahidi Zainul Abidin, Malaysia’s Deputy Communications...

, by Jaroslaw Adamowski

Regulators in Ukraine, Russia Tell Banks to Block Certain Types of Crypto Transfers

Banks on both sides of the Russia-Ukraine war are taking measures to restrict the flow of crypto funds overseas, with central banks keen to limit private citizens from making crypto-related cross-border transactions through banks.Forklog’s Ukraine service reported that PrivatBank, one...

, by Tim Alper

Russian, Chinese Central Banks ‘Working Together On SWIFT-Alternative Interoperability’

A senior Russian parliamentarian has claimed that the Central Bank is working with the People’s Bank of China on workarounds that may help the countries bypass the SWIFT banking network – including domestic alternatives, blockchain solutions, and digital fiats.Per Tass, via...

, by Tim Alper

Sberbank, Others Granted Right to ‘Issue & Exchange’ ‘Digital Financial Assets’ in Russia

Russian regulators appear to be fast-tracking domestic companies’ efforts to become home-grown token exchanges – with the Central Bank approving the banking and IT giant Sberbank’s application to become an official “digital financial assets” (DFA) issuer.Back in...

, by Tim Alper

Fed Can’t Stop Prices From Going Up Anytime Soon, But There’s Good News, Too

Jeffery S. Bredthauer, Associate Professor Of Finance, Banking and Real Estate, University of Nebraska Omaha.____ The Federal Reserve has begun its most challenging inflation-fighting campaign in four decades. And a lot is at stake for consumers, companies and the U.S. economy. On March...

, by Jeffery S. Bredthauer

Freezing Russian Reserve Assets Marks End of Monetary Regime; Gold, Bitcoin to Rise – Arthur Hayes

The world’s current monetary regime effectively ended with the freezing of Russian foreign reserves by Western governments on February 26. In the new era, central banks will no longer save reserves in Western fiat currencies -- instead, turning to gold and bitcoin (BTC) as their...

, by Fredrik Vold

Russia Sanctions May Lead More Countries To Consider CBDCs, Ex-Central Banker Says

Sanctions imposed on Russia as a result of its war in Ukraine could lead more countries to consider digital versions of their own currencies – known as central bank digital currencies (CBDCs) – as a counterweight to the dominant role of the US dollar, a former Bank of Japan (BOJ)...

, by Fredrik Vold

Bitcoin Consolidates as Fed Starts Two-Day Meeting

Bitcoin (BTC) trimmed some of its losses from earlier in the day on Tuesday as market participants turned their focus to the expected interest rate hike by the US Federal Reserve on Wednesday.At 16:56 UTC, the price of BTC stood at USD 39,199, up a mere 0.7% for the past 24 hours and 3% for...

, by Fredrik Vold

Binance, FTX Expand To Arab Gulf States With New Licenses

Major exchanges are intensifying their efforts to gain a foothold in the Arab Gulf States, and the regulators there seem to be more welcoming these days -- specifically, Binance has secured a license to operate as a cryptoasset service provider in Bahrain, while its rival FTX recently...

, by Jaroslaw Adamowski

Caribbean CBDC Functional Again After Two-Month Outage

A digital version of the Eastern Caribbean dollar (XCD) known as DCash is working again as of Wednesday, after being down for almost two months due to a technical glitch.The central bank digital currency (CBDC), issued by the Eastern Caribbean Central Bank (ECCB), has been offline since...

, by Fredrik Vold

Bitcoin Slips as US Inflation Jumps as Expected, ECB Slows Asset Purchases

The US inflation rate hit 7.9% in February, up from 7.5% the month before, and in line with expectations. Bitcoin (BTC) immediately jumped higher on the news, before later reversing lower again, along with falling stock markets in both Europe and the US. (Updated at 14:48 UTC: updates...

, by Fredrik Vold

Russian Banks Eye CNY Solution as Central Bank Bars Forex Sales; New Sanctions Approved

The Russian ruble has been thrown into disarray as the nation attempts to battle economic sanctions by effectively suspending the sale of most foreign currencies – while exploring the notion of allowing citizens to purchase China’s fiat yuan.In a press release from the Central...

, by Tim Alper

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