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“# Indian central bank clarifies regulations as local banks shun crypto ” India’s central bank has issued an official notice regarding local banks reportedly cautioning customers against using cryptocurrencies like Bitcoin (BTC). Published Monday, the notice points out that the Reserve Bank of India is aware of media reports that certain banks have cautioned their…
“# Bitcoin ‘of great concern,’ Ireland’s central bank official warns ” Ireland’s central bank director general for financial conduct is the latest official to point out issues of Bitcoin (BTC) and the cryptocurrency industry following a major market sell-off. The growing popularity of cryptocurrencies like Bitcoin is “of great concern,” the Central Bank of Ireland’s…
“# Bank of Japan governor slams Bitcoin, calls BTC a speculative asset ” Haruhiko Kuroda, governor of the Bank of Japan, has joined the roll call of central bankers taking aim at Bitcoin (BTC) amid the current volatility. According to a report by Bloomberg on Friday, Kuroda argued against the value proposition of the largest…
“# Crypto will ‘come to life’ in Nigeria, central bank governor says ” At a 279th meeting of the Monetary Policy Committee in Abuja, Central Bank of Nigeria Governor Godwin Emefiele expressed confidence that cryptocurrencies like Bitcoin (BTC) will be legal in the country, Business Insider reports Wednesday. Emefiele did not directly mention a decision…
“# OKex embraces Brazil’s official fast payments system PIX, as CBDC draws nearer ” Increasing numbers of offshore cryptocurrency exchanges are embracing Brazil’s instant payments infrastructure, PIX. On May 28, OKEx announced a strategic partnership with local payments firm CuboPay, allowing it to facilitate Tether ($USDT) purchases in exchange for Brazilian real via PIX. The…
“# Big tech, not cryptocurrency, is the real threat to central banks’ autonomy, Danish central bank governor says ” Crypto trading volumes continue to increase, but several countries’ central banks are keen to ignore it, with Denmark being the latest to join the “crypto is negligible” narrative. Lars Rohde, governor of the country’s central bank…
“# Bank of Canada sees no strong case for a digital dollar — for now ” The Bank of Canada does not see a strong reason for issuing a central bank digital currency, or CBDC at the moment. Timothy Lane, the Bank of Canada’s deputy governor and head of research at the bank’s fintech and…
“# Bank of Indonesia joins central bank digital currency race ” The Bank of Indonesia is one of the latest global central banks to announce state digital currency plans amid a major spike in the country’s digital payments. Governor Perry Warjiyo said Tuesday that Indonesia’s central bank is planning to launch a digital rupiah currency…
“# State-backed digital currencies can disrupt financial systems: Report ” Central bank digital currencies, or CBDCs, could pose a threat to financial systems if related risks are not managed, Big Three credit agency Fitch Ratings has warned. Fitch Ratings released a report on Monday entitled “Central Bank Digital Currencies: Opportunities, Risk and Disruption,” which discussed the…
“# UK will likely need to issue a digital currency, says BoE deputy governor ” The Bank of England’s deputy governor Jon Cunliffe has argued that a sea change in the issuance and circulation of public and private monies could make general access to a digital form of central bank money crucial for ensuring financial…