Tag: Central Bank

  • Cryptocurrency
    Crypto

    Indian Government to Draft Cryptocurrency Regulation Next Month

    The Indian government is reportedly getting ready with draft regulations on cryptocurrencies next month. The finance ministry set up a panel in November 2017 for the purpose of preparing a regulatory framework on the issue, but the central bank has created a hostile environment for digital currency trading...

    Ricardo Esteves | November 20, 2018 | 11:00 pm
  • People's Bank of China
    Blockchain

    Another Warning From China’s Central Bank on Cryptocurrency Risks

    Very few positive stories come out of China with cryptocurrency in the headlines. This one is no different as the central bank has continued with its rhetoric over the risks of dealing with digital currencies. Same Old Story; Crypto Bad, Blockchain Good The People’s Bank of China has...

    Martin Young | November 9, 2018 | 1:00 pm
  • CryptoRuble
    Crypto

    Is Russia on Its Way to Adopting Its Own State-Backed CryptoRuble?

    Russia may be on the way to adopting its own central bank digital currency, according to Anatoly Aksakov, chair of the State Duma’s Financial Market Committee. The Russian Parliament is studying three bills, introduced in March, to regulate smart contracts, digital currencies, cryptocurrency mining, and initial coin offerings (ICOs). Now...

    Ricardo Esteves | November 8, 2018 | 11:00 pm
  • Israel
    Blockchain

    Bank of Israel Doesn’t Recommend Launching Bank-Backed e-Shekel

    The central bank of Israel has published a summary of the work of its interdepartmental team to examine central bank digital currency and its eventual use in the country’s financial system. The research found there are no proper grounds for a decision to recommend issuing digital currency as of...

    Ricardo Esteves | November 7, 2018 | 11:30 pm
  • Blockchain

    IBM Survey: No Major Central Bank Will Implement CBDCs in the Near-Term

    A report on central bank digital currencies has found that 61% of institutions don’t think a blockchain is necessary due to low efficiency gains during trials. IBM Survey Finds That Central Banks Won’t Be Introducing CBDCs in Near-Term The report was conducted by IBM and the Official Monetary...

    Ricardo Esteves | October 27, 2018 | 6:00 pm
  • Blockchain SETL
    Blockchain

    SETL Granted License to Run Blockchain in Europe’s Securities Settlement System

    U.K.-based startup SETL was granted a license from the Autorité des Marchés Financiers, the French financial watchdog, to run a blockchain-powered central securities depository (CSD). Blockchain Settlement Startup Promises to Help Cut Collateral Held up in Payment Systems As one of Europe’s biggest securities settlement systems, France will be...

    Ricardo Esteves | October 25, 2018 | 8:00 pm
  • Crypto
    Blockchain

    South Korean Regulator Launches Initiative to Improve Relationship with Crypto

    The South Korean financial watchdog, Financial Services Commission (FSC), has created the Financial Innovation Bureau to oversee and nurture the crypto sector as part of the fourth industrial revolution. Korean Regulator Creates Financial Innovation Bureau to Help Cryptocurrency Ecosystem Digital currency exchanges and overall businesses within the blockchain...

    Ricardo Esteves | July 20, 2018 | 6:00 pm

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