The Central Bank Venezuela declared the new redenomination arrangement for its fiat currency known as “Digital Bolivar.” This new proposal seeks to change transactions by dynamic six zeroes from the…
China’s Central Bank is Making a Way to Digital Currency with Global Tech
It has been a recent report that China has joined hands with private industry to roll-out its central bank- backed digital currency. Sources from the Global Times reveals that there…
China Working With Global Giants to Accelerate the Roll-Out of its Digital Currency
According to the reports, China is working with Global Tech Giants to pave the way for its central bank-backed digital currency. Per the reports by Global Times, there are several…
Director of Russian Central Bank Admits They Can’t Ban Cryptocurrency
The Director of the Bank of Russia’s legal division has conceded that Bitcoin and other digital currencies can’t reasonably ever be banned in the nation. Despite the fact that cryptocurrencies…
Central Bank of Cambodia to Launch Blockchain-Based Peer-to-Peer Money Transfer Platform
The central bank of Cambodia, NBC, will soon launch a blockchain-based, peer-to-peer payment transfer platform in the coming months, according to the reports. The scheme (dubbed as ‘Project Bakong’), has…
6 Central Banks Partner to Form a Working Group with BIS
6 central banks have reportedly formed a digital currency use case working group with the Bank of International Settlements aiming to share the findings as each of them investigates potential…
India’s Central Bank is Worried About Crypto Undermining Its Authority
The three-judge bench of India’s Supreme Court reconvened to hear the ‘Crypto vs RBI’ case after the last hearing happened way back in August last year. At the last hearing,…
Central Bank for Central Banks Indicates Interest in Cryptocurrency
Each Bank for International Settlement (BIS) well-known as the Central Bank for Central Banks has indicated clear interest in cryptocurrency. They are currently interested in knowing much about the cryptocurrencies,…
Iran’s Central Bank Issues New Rules on Crypto, Bitcoin Ban Lifted
The Central Bank of Iran has issued new draft rules and guidelines regarding the cryptocurrency market, officially recognizing Bitcoin (BTC) and other cryptocurrencies. Even though this contradicts (and reverses) the…
National Bank of Ukraine Official Says Regulators Are Restraining Growth of Cryptocurrencies
A high-ranking representative of the National Bank of Ukraine said that an excessive presence of regulators and too many regulations against the cryptocurrency industry in the country is being an…
Crypto Trading is not legal in Maldives Says Central Bank
In a recent press release, the central bank of Maldives has urged the citizens to be wary of the social media advertisements related to cryptocurrency trading. The Maldives Monetary Authority…
Central Bank System More Efficient Than Blockchain, says Bank of Canada
According to local reports during the 2018 G20 Global Financial Stability Conference held in Seoul, South Korea, a lot of concerns and discussions have undergone regarding the future of currencies,…