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Italy and South Korea central banks agree on CBDC cooperation

[Dec 5, 2023 7:43 AM] The central banks of Italy and South Korea announced a memorandum of understanding in the development and deployment of their respective CBDCs.

Nigerian Supreme Court Extends Old Banknote Demonetization Deadline Again

[Dec 1, 2023 5:30 AM] The Supreme Court of Nigeria has again extended the lifespan of the N1000, N500, and N200 naira notes. The Central Bank of Nigeria (CBN) also reiterated that all banknotes, including the previously demonetized naira, remain legal tender “ad…

Fed’s ‘Beige Book’ Paints Dim Economic Picture, Experts Warn Central Banks ‘Have No Ability to Save Anything’

[Nov 30, 2023 2:00 PM] On Wednesday, following the market’s closure, major U.S. indices concluded the day unchanged, coming off a rise the previous day. This surge was influenced by the dovish remarks made on Tuesday by Federal Reserve Governor Christopher Waller…

Solomon Islands, Soramitsu team up for Bokolo Cash CBDC proof-of-concept

[Nov 30, 2023 12:36 PM] The Solomons join tiny island nations worldwide at the forefront of CBDC development. Soc A new CBDC joins the very large crowd.

BIS advises central banks to plan in advance for CBDC security

[Nov 29, 2023 12:30 PM] From legal issues to hackers, launching a CBDC is fraught with risks, and BIS has a big list of them to consider.

Nigeria’s NITDA advocates AI integration in payments for global recognition

[Nov 24, 2023 3:00 AM] NITDA chief Kashifu Inuwa Abdullahi said it’s crucial to take proactive measures to harness AI benefits and mitigate threats.

Singapore to restrict retail crypto speculation with new rules

[Nov 24, 2023 12:51 AM] According to MAS, speculative cryptocurrency trading is partly fueled by unverified success stories, celebrity endorsements and FOMO on good returns.

Fed Minutes Release May Be a Non-Event for Bitcoin

[Nov 21, 2023 4:32 AM] The minutes of the Nov. 1 Fed meeting may be outdated, given the post-meeting softness in economic data and resulting expectations for renewed interest-rate cuts in 2024.

‘Primitive’ stablecoin lacks mechanisms that maintain fiat stability: BIS

[Nov 17, 2023 4:02 PM] The answer again is regulation, although this time the suggested regulation looks a lot like central bank co-option.

Singapore introduces 5 new pilots to test asset tokenization

[Nov 15, 2023 4:14 AM] The latest initiatives by the Monetary Authority of Singapore aim to develop foundational capabilities to scale tokenized markets.

CBDCs Are 'Central' to Innovating Financial Systems, BIS Chief Says

[Nov 8, 2023 4:18 AM] Central banks will have a limited role to play relative to the private sector in CBDC issuance, the group's general manager Agustín Carstens said.

Swiss wholesale CBDC pilot kicks off in alliance with central, commercial banks

[Nov 2, 2023 4:13 AM] The Swiss wCBDC pilot project will be hosted on SDX and use the infrastructure of Swiss Interbank Clearing.

Hong Kong advances CBDC pilot, bringing e-HKD trials to Phase 2

[Oct 31, 2023 12:12 AM] e-HKD Phase 1 trial was dedicated to full-fledged payments, programmable payments, offline payments, tokenized deposits, settlement of Web3 transactions and settlement of tokenized assets.

People’s Bank of China Governor Vows to Curb Crypto Speculation

[Oct 23, 2023 1:30 AM] The new governor of China’s central bank has promised to stop speculation associated with cryptocurrency transactions in the country. Pan Gongsheng made the vow in a report detailing measures to maintain the stability of the Chinese financial…

Hong Kong Regulators Restrict Retail Investor Access to ‘Complex’ Crypto Products

[Oct 22, 2023 9:30 PM] The securities regulator and the central banking institution of Hong Kong have updated the region’s crypto policy in response to enquiries from the industry. In a circular on the virtual asset-related activities of intermediaries, the authorities…

Central banks want to look under crypto’s hood — Is this a positive sign?

[Oct 18, 2023 7:02 AM] The mere fact that the Deutsche Bundesbank, BIS and other financial incumbents want such information now suggests a tacit acceptance of crypto.

South Korean exchange Upbit gets initial license nod from Singapore

[Oct 15, 2023 6:46 PM] Upbit Singapore scored initial approval from the country’s central bank and financial regulator for a local crypto license.

Inflation and war impact markets, but Paul Tudor Jones says, ‘I love Bitcoin and gold’

[Oct 11, 2023 2:30 PM] Billionaire investor Paul Tudor Jones says he is bearish on U.S. stocks, and bullish on Bitcoin and gold.

Bitcoin price could hit $750K to $1M by 2026 — Arthur Hayes

[Oct 10, 2023 2:18 PM] BitMEX founder Arthur Hayes expects Bitcoin to be $750,000 by 2026. Here’s how and why.

Ripple gets formal approval for Singapore payments license

[Oct 3, 2023 8:43 PM] Ripple said it received its fully-fledged digital payment tokens license from the Monetary Authority of Singapore.

Tanzanian Central Bank Launches Foreign Exchange Reserves Boosting Gold Buying Scheme

[Sep 27, 2023 5:30 AM] The Bank of Tanzania said on Sept. 25 that it has kickstarted an initiative that seeks to boost the country’s foreign exchange reserves by buying gold with local currency. The bank said its objective is to acquire six tonnes of gold from…

Latvia central bank opens to fintech with ‘Innovation Hub’

[Sep 19, 2023 7:03 AM] The Bank of Latvia has been quietly stepping up its game in providing assistance to fintech projects while employing the latest emerging technologies internally.

Rep. Tom Emmer reintroduces anti-CBDC bill to Congress

[Sep 12, 2023 10:11 PM] The bill would limit the Fed from issuing a CBDC which Tom Emmer called a surveillance tool that would "undermine the American way of life."

Israel, Hong Kong complete retail CBDC test emphasizing privacy, inclusivity

[Sep 12, 2023 3:45 PM] The Hong Kong Monetary Authority, Bank of Israel and Bank for International Settlements teamed up to address the complex issues of rCBDCs.

CBDCs will gradually displace private banks, says Russian lawmaker

[Sep 6, 2023 2:21 AM] Some Russian banks have been increasingly concerned about the potential implications of the digital ruble after the first pilots started in August.

Jamaican taxi drivers bullish on accepting Jam-Dex CBDC

[Aug 30, 2023 2:52 AM] Jam-Dex would be significantly transformative for the public transportation sector and needs to be embraced, believes Aldo Antonio.

Powell: More Rate Hikes May Be Needed to Curb Inflation

[Aug 25, 2023 12:30 PM] The chairman of the U.S. Federal Reserve, Jerome Powell, warned on Friday that inflation remains too high and signaled the central bank may continue raising interest rates to get it under control. In remarks at the Jackson Hole symposium, Powell…

Australia's CBDC Likely Some Years Away, Central Bank Says

[Aug 23, 2023 12:23 AM] Australia will not be making any decision on a central bank digital currency (CBDC) for some years due to several unresolved issues.

Crypto amplified financial risks in emerging markets: BIS papers

[Aug 22, 2023 7:45 AM] Central banks of the United States, Canada, Mexico and Brazil have pointed out the risks of crypto, but warned against excessively prohibitive laws.

Consensus Pause: Majority of Economists Predict No Rate Hikes for 2023, With Cuts Delayed Until March 2024

[Aug 20, 2023 2:30 PM] A newly published Reuters poll reveals that most economists concur: the U.S. Federal Reserve has likely capped its rate hikes. Yet, rate cuts aren’t anticipated until March 2024. This survey drops just as markets approach the annual Jackson Hole…