Central Bank

Limitations Imposed by the Central Bank of Belarus Could Drive Users to Cryptocurrency
Jul 19, 2021 at 12:39
News
Limitations Imposed by the Central Bank of Belarus Could Drive Users to Cryptocurrency
Belarus Central Bank is imposing new restrictions on foreign currency transactions in response to EU sanctions. Such a move could create complications for citizens and push them to seek alternatives such as cryptocurrencies.
60% of Central Banks are Exploring CBDCs: The European Central Bank has Reached the 'Investigation' Stage
Jul 16, 2021 at 10:02
News
60% of Central Banks are Exploring CBDCs: The European Central Bank has Reached the 'Investigation' Stage
The European Central Bank has just announced that it has reached the investigative stage of its digital euro project. If successful, the European Union would be the largest economic bloc to implement a Central Bank Digital Currency (CBDC) project. The progress made by the European Central Bank is a step towards a "CBDC era".
ECOWAS is Debating Crypto Operation in West Africa but a Ban Seems Impossible
Jul 13, 2021 at 10:06
News
ECOWAS is Debating Crypto Operation in West Africa but a Ban Seems Impossible
The Economic Community West African States (ECOWAS) is at odds over the legality and operation of crypto in its member states. What will be the fate of cryptocurrencies in the region?
China is Planning to Issue a Central Bank Digital Currency to Strengthen Surveillance Over its Citizens
May 30, 2021 at 10:01
News
China is Planning to Issue a Central Bank Digital Currency to Strengthen Surveillance Over its Citizens
China is accelerating its pursuit of a digital yuan that is anticipated to be finally rolled out before the end of 2021. One of the reasons to issue its own central bank digital currency (CBDC) is to keep a close eye on and control the transactions of the citizens.
Exploration Goes on: South Korea Gets Closer to Releasing CBDC
May 27, 2021 at 09:55
News
Exploration Goes on: South Korea Gets Closer to Releasing CBDC
The issue of central bank digital currency (CBDC) is becoming a hot topic of discussion among several governments. Now, the government of South Korea is seeking better technologies that can effectively lead to the creation of their state-owned CBDC dubbed e-KRW.
National Bank of Egypt Plans to Use Ripple Blockchain to Improve Remittance Speed
May 21, 2021 at 14:02
News
National Bank of Egypt Plans to Use Ripple Blockchain to Improve Remittance Speed
The use of distributed ledger tech (DLT) for transborder payments is increasing among various Central Banks around the globe. The recent bank to embrace blockchain technology in the remittance field is the National Bank of Egypt (NBE).
Banks Are Getting Increasingly Tough on Bitcoin and Other Cryptocurrencies Amidst Mainstream Adoption
May 11, 2021 at 12:11
News
Banks Are Getting Increasingly Tough on Bitcoin and Other Cryptocurrencies Amidst Mainstream Adoption
About 86% of the central banks including Bank of America and the ECB, are busy delving into the development of CBDCs to defend their territories from the evasion of Bitcoin and other digital assets.
Bitcoin Price Falls After Turkey's Decision to Ban Crypto Payments
Apr 17, 2021 at 11:09
News
Bitcoin Price Falls After Turkey's Decision to Ban Crypto Payments
The price of Bitcoin has dropped by about 4% following the news by the central bank of Turkey to ban cryptocurrency payments starting from April 30.
The CBDC Race Is Getting Tougher in Asia: What to Expect When Thailand Rolls Out Its Own Digital Currency?
Apr 08, 2021 at 13:31
News
The CBDC Race Is Getting Tougher in Asia: What to Expect When Thailand Rolls Out Its Own Digital Currency?
This decade has witnessed a high wave of central banks wanting to make digital versions of their fiat money, also called the Central Bank Digital Currency (CBDC) following the success of cryptocurrencies. Thailand just announced it would be unveiling its own CBDC next year. What shape does the race take after then?
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