central bank Latest News

Latest central bank News

Saudi Central Bank urges IMF to address crypto-related risks

The IMF Annual Meetings, which concluded on Oct. 15, put forward a roadmap to address "risks related to crypto currencies."

October 15, 2023 at 8:34 pm

Hong Kong central bank warns crypto firms against misleading bank claims

The Hong Kong Monetary Authority has issued a stern warning to cryptocurrency-related firms that are misrepresenting themselves as banks or describing their products as deposits.

September 17, 2023 at 4:31 pm

Swift to beta test CBDC interlinking solution with central banks

Swift says it will test CBDC interoperability alongside three central banks to explore further use cases. Interbank messaging company Swift has entered the second phase of its sandbox experiments with a central bank digital currency (CBDC) as “interest in interoperability…

September 14, 2023 at 9:33 am

The rise of CBDCs is inevitable but not risk-free | Opinion

To make CBDCs successful, global and local financial institutions need to invest in digital currency education, analyze various use cases, and create their digital currency strategy.

September 10, 2023 at 3:24 pm

Australia’s central bank releases report highlighting CBDC use cases

The Australian Central Bank and the Digital Finance Cooperative Research Centre have released a report on the use cases for CBDCs in the country

August 23, 2023 at 7:51 pm

Bank of Thailand announces CBDC pilot project

The Bank of Thailand has announced its commencement of a pilot project, set to launch this month, for testing a retail central bank digital currency (CBDC) within a regulatory sandbox.

June 13, 2023 at 3:51 pm

Nigerian central bank maintains stance on crypto withdrawal restrictions

Nigeria's cryptocurrency landscape has experienced ongoing turmoil, with citizens embracing digital assets while the government remains steadfast in its opposition.

June 2, 2023 at 6:13 pm

UAE and Hong Kong central banks collab on bolstering crypto regulations

The central banks of the UAE and Hong Kong join forces to enhance regulatory frameworks through collaborative efforts on financial infrastructure and digital assets legislation.

May 31, 2023 at 7:47 am

Argentina’s citizens embrace crypto despite central bank ban

Argentina is facing a challenging financial landscape, with its Central Bank imposing restrictions on cryptocurrency transactions via payment providers.

May 9, 2023 at 10:25 am

DCMA launches crypto-based CBDC called unicoin

The Digital Currency Monetary Authority (DCMA) has announced the launch of its Universal Monetary Unit (UMU) dubbed Unicoin.

April 21, 2023 at 2:13 pm

UAE central bank rolls out CBDC strategy

The Central Bank of the United Arab Emirates (CBUAE) has released its CBDC strategy. R3 and G42 Cloud have been chosen as the infrastructure and technology providers.

March 24, 2023 at 11:54 am

Pandemic cash creation lifted markets, now small banks and crypto are in limbo | Opinion

The COVID-19 pandemic caused governments and central banks to create a lot of new money, which had significant impacts on the banking industry, asset prices, and the cryptocurrency market.

March 14, 2023 at 8:34 pm

UAE’s Central Bank Approves cbank Transactions Using Digital Currency

The United Arab Emirates central bank , today, announced the launch of CBDCs. More central banks are looking into CBDCs as UAE's central banks believes they are the way to their economical goals.

October 26, 2022 at 10:00 pm

Security Concept of CBDCs to Keep Users’ Funds Safe

The rise of bitcoin in 2009 led to the rapid evolution of the global financial sector. Bitcoin’s creation laid out a blueprint that has shaped digital finance in the modern day. As such, governments have taken the initiative by creating…

October 4, 2022 at 12:00 am

Fed Chair’s Comments Sends the Crypto Market into Tumbles

In response to fears that the central bank is not yet finished raising rates aggressively, the crypto markets swooned.

August 28, 2022 at 6:58 pm

Why Are Governments Against Cryptocurrency?

A cryptocurrency is a form of virtual money or digital asset made with the help of encryption algorithms that can be moved from one account to another without the need for a middleman. That means a user can send or…

June 22, 2022 at 4:00 am