Reserve Bank News

South Africa’s Reserve Bank will regulate cryptocurrencies as financial assets, and new laws are expected over the next 12 months.

The South African Reserve Bank stated further work would be undertaken to study the findings from the project and used to inform policy and regulatory responses to DLT and CBDCs.

The report by PwC shows that 80% of central banks are considering or have already launched a CBDC.

Following Treasurer Josh Frydenberg’s “payments and crypto reform plan,” the RBA has published a report exploring DLT tech and wholesale CBDC issuance.

Bitcoin price is down but crypto investors still have a plethora of yield opportunities thanks to DeFi.

The Australian Prudential Regulation Authority has proposed a regulatory framework that would have it oversee digital wallets, including Calibra.

The South African Reserve Bank’s latest cryptocurrency report has led to a positive outlook for the sector in the country.

St. Louis Federal Reserve publishes a paper on crypto and Blockchain, touting the importance of Bitcoin as a future asset class.

Reserve Bank of Australia’s Payments Policy Department officials claim that the cryptos and Blockchain do not pose urgent regulatory issues so far.

The Reserve Bank of India (RBI) is keeping a close watch on transactions involving cryptocurrencies, says RBI Governor Urjit Patel to Parliamentary Panel.

The Governor of the Reserve Bank of India has said he has “no doubt” that digital currencies will play a role in India's future society. Drawing a comparison between the rise of debit and credit cards in the country, the Governor argues digital currency will help pave the way to a cashless society.

New Zealand deputy governor Grant Spencer says New Zealand's central bank, the Reserve Bank of New Zealand, is not threatened by Bitcoin, but is eventually planning to tighten regulation.

Geoff Bascand described Bitcoin as a real competitor to cash and said it might one day overtake cash as a preferred currency.