Tag: Central Bank

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China’s digital yuan could be a fatal blow for Macau casino junkets

Beijing’s bid to better control money laundering and illicit transactions through a fully traceable central bank digital currency could pose a threat to the country’s popular gambling hub Macau.  A hotspot for tourists — of which 70% come from mainland China — the region’s gambling business could reportedly be adversely impacted by China’s use of a…
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22 April 2021 0

Bahamas ranked first for retail CBDC development, according to PwC

A new ranking of global central bank digital currencies, or CBDCs, places the Bahamas at the top of the leaderboard in terms of retail applications – offering an important glimpse in the race to issue government-backed cryptocurrencies. In its 2021 CBDC Index, global consulting firm PwC surveyed the level of central-bank maturity in deploying cryptocurrencies…
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19 April 2021 0

China aims to let foreigners use digital yuan at Winter Olympics in 2022

China’s central bank is looking to enable foreign athletes and visitors to use the country’s digital currency during the Beijing Winter Olympics in 2022, according to a top central bank official. Li Bo, deputy governor of the People’s Bank of China, said that the upcoming Winter Olympics could potentially become the first test of China’s…
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19 April 2021 0

Nigeria’s SEC says central bank’s crypto ban disrupted the market

Lamido Yuguda, the director-general of Nigeria’s Securities and Exchange Commission has said the central bank’s crypto ban has caused significant disruptions to the market. According to a report by The Guardian, the SEC director-general made this assertion known during a press conference organized after the meeting of the Capital Market Committee on Thursday. As previously…
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16 April 2021 0

Turkey to ban cryptocurrency payments

A new ban in Turkey will prohibit crypto holders from using their digital assets for payments, in addition to preventing payment providers from adding funds to their digital wallets at crypto exchanges. According to a Friday announcement by the Central Bank of the Republic of Turkey, the ban will come into effect on April 30,…
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16 April 2021 0

European Central Bank releases results of digital euro consultation

The European Central Bank has published the results of a public consultation on a potential digital euro as the institution inches closer to deciding whether to formally study such an initiative.  According to a Wednesday announcement, the ECB received more than 8,200 responses to its public digital euro consultation — a personal record for the bank regarding…
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14 April 2021 0