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Central African bank regulator reminds member states of crypto ban, Reuters reports

Central African bank regulator reminds member states of crypto ban, Reuters reports

advertisement Central Africa’s regional banking regulator reminded member states on Friday of its ban on cryptocurrencies, just weeks after the Central African Republic (CAR) made bitcoin legal tender, Reuters said. The reminder came after a chaotic week for crypto when the linked meltdown of the algorithmic stablecoin UST and Terra’s native Luna asset resulted in …

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Argentina's central bank blocks financial institutions from offering crypto

Argentina’s central bank blocks financial institutions from offering crypto

advertisement Argentina’s central bank (BCRA) announced today that financial institutions cannot enable their clients to carry out operations using digital assets, just days after two banks said they had opened up crypto trading to their clients.  On May 2, the major private bank Banco Galicia and all-digital Brubank both announced they would offer crypto trading …

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DeFi security provider Sherlock aims to raise $100 million in token round

Central banks in emerging economies look to CBDCs for payment efficiency, BIS report says

advertisement A volume of papers from the Bank for International Settlements (BIS) points out that payment system efficiency is the top motivation for central banks in emerging market economies experimenting with central bank digital currencies (CBDCs) or considering such an approach. The document, published on Thursday, is made up of a series of papers that …

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BIS partners with four central banks to develop multi-CBDC platform prototypes

BIS partners with four central banks to develop multi-CBDC platform prototypes

advertisement The Bank for International Settlements (BIS) Innovation Hub partnered with central banks in Australia, Malaysia, Singapore and South Africa to create two prototypes for an international settlement platform using multiple central bank digital currencies (CBDCs).  “This initial phase of the project successfully developed working prototypes and demonstrated practicable solutions, achieving its aim of proving …

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Rep. Waters calls on Biden to reverse policies that let banks custody cryptocurrencies and stablecoin reserves

Federal Reserve publishes long-awaited central bank digital currency report

The US Fed’s long-awaited report on central bank digital currencies dropped Thursday afternoon. Framed as a discussion paper, the Fed notes in its introduction release that it “examines the pros and cons of a potential U.S. central bank digital currency, or CBDC.” “It invites comment from the public and is the first step in a …

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First Mover Asia: Bitcoin Rally Stalls After US Central Bank Chair’s Comments; Ether Rises

First Mover Asia: Bitcoin Rally Stalls After US Central Bank Chair’s Comments; Ether Rises

Good morning. Here’s what’s happening this morning: Market moves: Bitcoin dropped on U.S. Fed Chair Powell’s comment, while ether gained more market share. Technician’s take: Support levels remain intact, which could establish a tight trading range between $55,000-$60,000 BTC into the Asian trading day. Catch the latest episodes of CoinDesk TV for insightful interviews with …

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Saudi Central Bank Mulls Blockchain for Finance, Rejects Phasing Out Cash: Report

Saudi Central Bank Mulls Blockchain for Finance, Rejects Phasing Out Cash: Report

Saudi Arabia’s central bank is experimenting with emerging technologies like blockchain for the finance sector, but doesn’t intend to phase out cash in favor of digital payments, according to an interview with local newspaper Al Eqtisadiah. Central bank digital currencies (CBDCs) are one of the most important financial technologies under development, but the kingdom does …

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Rep. Waters calls on Biden to reverse policies that let banks custody cryptocurrencies and stablecoin reserves

Dutch central bank reverses strict KYC rules for crypto withdrawals

The Dutch Central Bank, DNB, has reversed its decision to enforce stricter measures for withdrawing cryptocurrencies from exchanges, according to Dutch crypto exchange Bitonic.  In January, the central bank set out rules that required crypto exchanges to collect additional data from their users when they withdraw cryptocurrencies. Namely, users had to add the recipient address …

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Bank of Japan to begin central bank digital currency experiments later this year

Bank of Japan to begin central bank digital currency experiments later this year

The Bank of Japan (BOJ) will start experiments on a central bank digital currency (CBDC) this spring, according to central bank governor Haruhiko Kuroda. Reuters reported today that Kuroda said the bank must “prepare thoroughly” to issue a CBDC. That includes experimenting with how it would operate a digital yen during the course of this …

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