central

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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'Very unlikely' that central banks will hold Bitcoin in near future

‘Very unlikely’ that central banks will hold Bitcoin in near future

European Central Bank president Christine Lagarde doesn’t think central banks will hold bitcoin anytime soon. During a conference call with The Economist, European Central Bank president Christine Lagarde said: “It’s very unlikely — I would say it’s out of the question” that central banks make such a move, according to a report by Business Insider.  …

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Binance Suspends Deposits in Nigeria Following Central Bank Directive

Binance Suspends Deposits in Nigeria Following Central Bank Directive

Binance has temporarily suspended deposits in Nigerian naira – the country’s local fiat currency – in response to a Friday letter from Nigeria’s central bank (CBN) instructing local banks to identify and close all accounts tied to cryptocurrency platforms or operations. The CBN letter told local banking institutions that dealing in cryptocurrencies or facilitating payments …

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India's central bank says it is exploring the possibility of digital currency

India’s central bank says it is exploring the possibility of digital currency

The Reserve Bank of India (RBI), the country’s central bank, has said that it is exploring the need for digital currency. In a booklet on payment systems published Monday, the RBI said if there is a need for a digital rupee, it will explore how to operationalize it. “Private digital currencies (PDCs) / virtual currencies …

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Vladimir Putin signs order requiring Russian public officials to disclose crypto holdings

Sberbank seeks central bank approval for blockchain platform: report

Major Russian state-owned bank Sberbank has sought approval from the country’s central bank for a blockchain-based financial platform, local Russian news outlet Interfax reported on Thursday.  According to the report, the bank has submitted an application to the Central Bank of the Russian Federation to register a blockchain platform, with plans to launch in the …

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Executives central to the Findora mystery hit with lawsuit alleging fraud and embezzlement

Executives central to the Findora mystery hit with lawsuit alleging fraud and embezzlement

A newly filed lawsuit has shed some light on one of the most bizarre storylines to bubble up from the world of cryptocurrency. Ariel Abittan, a New York-based investor who says he is a shareholder of Eian Labs, a U.S.-based DeFi startup that was rebranded to Findora in 2019, filed the suit on December 24 …

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Fed researchers survey past literature on central bank digital currencies and highlight current issues

Fed researchers survey past literature on central bank digital currencies and highlight current issues

Researchers from the U.S. Federal Reserve published a deep-dive into the past literature on central bank digital currencies on Monday — while also laying out critical considerations for the future of such initiatives.  With a wholly digital dollar — whether from a private entity, the Fed itself or a mix of the two — potentially …

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