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” Georgian central bank prepares legislation to regulate the crypto market “ Georgia, the country on the Black Sea, is preparing to regulate its cryptocurrency market. National Bank of Georgia Governor Koba Gvenetadze told The Financial on Monday that the central bank has already developed draft regulatory legislation in accordance with the requirements of international…
” More than three-quarters of central banks considering a CBDC: research “ More than 80% of central banks are interested in launching a Central Bank Digital Currency (CBDC) or have already done so according to research conducted by accounting firm PwC. The second annual Global CBDC Index report released on Monday, April 4, measures a…
” Why the rise of a Bitcoin standard could deter war-making “ Alex Gladstein, the CSO at the Human Rights Foundation, says that if Bitcoin was adopted as a global reserve currency, nation-states would be less incentivized to start wars. According to Gladstein, the U.S. was able to sustain its “forever wars” in Iraq and…
” With inflation going through the roof, Sudan’s central bank cautions citizens against using crypto “ The Central Bank of Sudan (CBOS) cautioned the country’s citizens against dealing with “all types of cryptocurrencies” due to “the high risks” that they pose. This announcement came as a reaction to the increasing interest in digital assets among…
” Vietnamese deputy PM calls for building legal framework for digital assets “ Le Minh Khai, the deputy prime minister of Vietnam, has issued a notification to the Finance Ministry, asking them to explore and amend laws to build a legal framework for the digital asset market. In a notice dated last Wednesday, the deputy…
” From taxes to electricity, blockchain adoption is growing in Austria “ Austria has been actively transforming into an attractive location for providers of blockchain-based products, with the government itself experimenting with the technology and trying to create a legal basis upon which companies can use it. With regard to blockchain-based applications in the economy,…
” Crypto trading in rubles falls even as ECB warns again on sanctions “ The President of the European Central Bank, Christine Lagarde has reiterated warnings that Russian individuals and businesses are using cryptocurrencies to skirt sanctions. However, as of March 18, daily ruble-denominated crypto trading volume was sitting at just $7.4 million, down over…
” Bitcoin is ‘not regulated’ — Honduras’ central bank pushes back against legal tender rumors “ The Central Bank of Honduras, or BCH, addressed rumors regarding the country potentially adopting Bitcoin as legal tender like its neighbor El Salvador — and the answer seems to be negative. In a Wednesday statement, Honduras’ central bank said…
” Ireland’s central bank follows UK’s example in warning of crypto advertisements “ The Central Bank of Ireland issued a warning to consumers about the risks around crypto investments in addition to “misleading” advertisements, including those pushed by influencers on social media. In a Tuesday notice, Ireland’s central bank said the warning was part of…
” BIS joint pilot: Institutions can use CBDCs for international settlements “ Bank of International Settlement (BIS) Innovation Hub has completed an experimental central bank digital currency (CBDC) platform pilot for international settlement with the central banks of Australia, Malaysia, Singapore and South Africa. The multi-national experimental CBDC project, dubbed Project Dunbar, has been developed to…