Central Bank News

A central bank is the main entity responsible for a region’s money system. Some of the world’s prominent central banks include the eurozone’s European Central Bank, the United States Federal Reserve, the Bank of Japan, the Bank of England, the Reserve Bank of India and the People’s Bank of China. Central banks supervise a number of economic aspects regarding their respective regions, including money supply management.

A central bank digital currency, or CBDC, serves as a digital form of a region’s currency. A CBDC could possibly be called a central bank cryptocurrency, although because a CBCD is essentially a digital form of fiat currency, such assets are not decentralized and are not the same as the crypto assets native to the cryptocurrency industry.

News
More African countries are considering adopting Bitcoin as the local crypto market surges over 1,200% in one year.
Tanzania’s Zanzibar reportedly exploring ways to adopt crypto
Helen Partz
2021-11-15T13:37:49+00:00
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Some 450,000 JD.com customers have used China’s digital yuan for payments as of June.
Chinese retail giant JD accepts digital yuan payments for Singles Day
Helen Partz
2021-11-11T10:10:35+00:00
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Personal accounts with large multi-day inflow and outflow are being tracked at the behest of the country’s central bank.
Nigerian banks tracking customer accounts for crypto trading
Arnold Kirimi
2021-11-11T09:39:17+00:00
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Minister Monica Mutsvangwa clarified that Zimbabwe is not considering the adoption of cryptocurrencies or Bitcoin.
Zimbabwe minister signals CBDC interest amid Bitcoin adoption rumors
Arijit Sarkar
2021-11-10T09:07:05+00:00
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Russian lawmakers will reportedly begin working on the legal adjustments needed to implement the digital ruble plan scheduled for early 2022.
Russia to change laws for digital ruble, while central bank mulls 2022 prototype
Arnold Kirimi
2021-11-09T11:39:19+00:00
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The retail CBDC will be developed in partnership with private entities, which “would be the digital equivalent of today’s notes and coins.”
Retail-focused Singaporean CBDC to hedge against privately issued stablecoins
Arijit Sarkar
2021-11-09T11:00:10+00:00
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In February, the CBN banned banks from servicing crypto exchanges in the country, citing concerns including volatility, money laundering and the financing of te...
Nigeria’s central bank reportedly freezes crypto traders’ accounts
Turner Wright
2021-11-08T16:15:00+00:00
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Banca d’Italia and Deutsche Bundesbank shared experiences on distributed ledger technology-based settlements in a workshop.
EU central banks working on DLT-based asset settlement
Erhan Kahraman
2021-11-05T10:45:29+00:00
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