News by results: Central Bank

Australians Won’t Use Libra, Believes Central Bank

The Reserve Bank of Australia (RBA) has expressed doubt over whether cryptocurrencies, including Libra and central bank digital currencies (CBDCs), will ever become viable solutions.

Lithuania’s Central Bank Considering IBM for Its LBChain DLT Platform

Lithuania’s central bank, Bank of Lithuania, has selected technology behemoth IBM and IT services firm Tieto as the finalists contending to develop its blockchain platform.

Cambodia’s Central Bank Testing Digital Wallet to Ease Cross Border Payments

Cambodia’s Central Bank wants to slash the cost of cross-border payments and is studying how its in-house digital wallet, the Hyperledger Iroha-powered Bakong, might get the job done.

Bahrain Crypto Exchange Gets Central Bank License in Middle East First

Bahrain-based cryptocurrency exchange Rain has become the Middle East’s first exchange to receive a regulatory license.

Philippines central bank warns (again) about unregistered crypto exchanges

The Bangko Sentral ng Pilipinas (BSP) has issued a memo warning banks to be more stringent when dealing with cryptocurrency businesses. The regulator urged commercial banks to be strict with their risk management protocols when dealing with crypto exchanges to prevent money laundering and terrorist financing through cryptos.

Germany’s Central Bank: Gov’ts Should Be Neutral on FB’s Libra

Potential benefits of Facebook’s Libra should be made possible despite the existing regulatory uncertainty and associated risks, Germany's central bank said.

Iranian government moves to authorize cryptrocurrency mining

The governor of the Central Bank of Iran (CBI) has announced that the government is planning to authorize cryptocurrency mining despite the fact that there is no rule allowing its legal trade in the country.

Trading Bitcoin Is Illegal in Iran, Central Bank Official Warns

Buying and selling cryptocurrencies like bitcoin (BTC) is illegal in Iran, a senior government official declared, according to a report by local news agency Tasnim News on July 8.

Philippines Central Bank Warns on Risks of Growing Cryptocurrency Use

The chief of the Philippines central bank has warned over the risks of growing cryptocurrency use in the country.

Security Token Platform iSTOX Admitted to Central Bank Sandbox

iSTOX, a Singapore Exchange-backed security token platform, has been admitted into a fintech regulatory sandbox set up by the Monetary Authority of Singapore (MAS), the country’s de facto central bank.

Myanmar’s Central Bank Warns Public Not to Use Crypto After Series of Scams Reported

The Central Bank of Myanmar has urged consumers to stop trading cryptocurrencies amid fears that inexperienced users could lose money, Southeast Asian news outlet The Irrawaddy reported on May 3.

Afghanistan, Tunisia to Issue Sovereign Bonds in Bitcoin, Bright Future Ahead

Afghanistan and Tunisia are planning to issue sovereign bonds in bitcoin to fund infrastructural developments, reported Asia Times from IMF’s Springs Meetings summit.

Bank for International Settlements Exec Advises Against Central Bank Digital Currencies

Bitcoin (BTC) critic and general manager at the Bank for International Settlements (BIS) Agustin Carstens advised against the issuance of central bank digital currencies (CBDCs) in a speech in Dublin on March 22. Bloomberg reported on the speech the same day.

Bahrain Central Bank Releases First Crypto Exchange to Graduate Its Regulatory Sandbox

Bahrain-based Shariah compliant cryptocurrency exchange Rain has first completed the Central Bank of Bahrain’s (CBB) Regulatory Sandbox, the Saudi Gazette reported on Feb. 26.

Bahrain’s Central Bank Issues New Cryptocurrency Regulation

The Central Bank of Bahrain has issued new cryptocurrency regulation, English-language local media TradeArabia reports on Feb. 25.

Chilean Central Bank: Cryptocurrencies Are Unable to Substitute Fiat Money

The Central Bank of Chile (BCC) believes that cryptocurrencies are unable to substitute traditional money, according to an in-depth report on crypto issued Feb. 7.

Central Bank Veteran’s Blockchain ‘E-Money’ Startup Raises $2 Million

Ethereum development studio ConsenSys has participated in a $2 million seed funding round for Iceland-based blockchain startup Monerium, the firm announced Friday.

Israel’s Central Bank Issues Request for Information on DLT

A team that includes representatives from the Bank of Israel has issued a formal request for information about Distributed Ledger Technology (DLT), published on its website Dec. 18.

Central Banks of 15 Diverse Countries are Ready to Embrace Cryptocurrency

A report published by the International Monetary Fund (IMF) outlines that 15 different countries are considering joining the global fintech trend and adopting central bank digital currencies (CBDC) as a method of payment. The IMF has emphasized two main reasons for such a decision in the report.

Egypt’s Central Bank Conducting ‘Feasibility Studies’ Around Digital Currency Issuance

The central bank of Egypt wants to introduce a digital version of the Egyptian pound to reduce costs, local English language news outlet Amwal Al Ghad reported Dec. 16.