Peru Keeps Up With Crypto: The Central Bank Will Launch a CBDC

The Central Reserve Bank of Peru’s (BCRP) President, Julio Velarde, announced they are working on developing a CBDC in collaboration with other central banks around the globe. As the country experiences instability and inflation in goods and services, the central bank discusses financial models to fight the imminent crisis.

279 +

Discussing Central Banks' Cluelessness, Inflation And Bitcoin

The latest in Federal Reserve and central banking news, economic inflation and how Bitcoin fits in.

161 +

U.S. Regulators Investigating Role That Banks Could Play in Crypto Industry

An interagency team of U. S. banks regulators, namely the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve, and the Office of the Comptroller of the Currency, are putting their heads together to come up with a regulatory roadmap for banks to incorporate cryptocurrencies into their service offerings.

261 +

“Legitimately Undecided” on e-Dollar Says Powell, Claims it Would Make Bitcoin Unnecessary

160 +

China Surprises with Rate Cut, “Are Banks Under Stress?”

275 +

11% Of Reserve Managers From 30 Leading Central Banks Consider Bitcoin As An Alternative To Gold

Although the number of central bank reserve managers who prefer cryptocurrency investments is still quite low, the number is slowly progressing, and 11% of respondents in a recent UBS survey now say they would consider cryptocurrencies like bitcoin as an alternative to gold.

343 +

Armstrong Met Powell

Brian Armstrong, the co-founder and CEO of America’s biggest crypto exchange, Coinbase, met the chairman of the Federal Reserve Banks, Jerome Powell. In a tour of Washington on May 11th,...

255 +

Indian Banks Halting Services to Crypto Industry Post RBI Clarification

Several Indian banks have reportedly halted services to customers dealing in cryptocurrencies despite the central bank, the Reserve Bank of India (RBI), informing them that the banning circular is no longer valid.

529 +

RBI governor “surprised” that Indian banks cited 2018 laws to block crypto users

Reserve Bank of India (RBI) governor Shaktikanta Das said this week the central bank has ‘no change’ with regards to its approach towards the crypto sector, local outlet Business Standard reported today.

229 +

India’s Central Bank RBI Still Has ‘Major Concerns’ About Crypto After Saying Ban No Longer Valid

The governor of the Reserve Bank of India (RBI), Shaktikanta Das, has clarified the central bank’s position regarding cryptocurrency. His statements followed a notice published by the RBI telling banks that its crypto banking restriction is no longer valid and cannot be cited.

248 +

Indian central bank remains anti-crypto, affirming ‘no change’ in its stance

The Reserve Bank of India's ban on banks' dealings with crypto may be defunct but the institution remains apprehensive of — if not outright hostile to — cryptocurrencies.

166 +

Reserve Bank of India Directs Banks & Regulated Entities to Stop Deplatforming Crypto Customers

However, the central bank wants the banks and financial institutions to continue customer due diligence for transactions in Virtual Currency. The post Reserve Bank of India Directs Banks & Regulated Entities to Stop Deplatforming Crypto Customers first appeared on BitcoinExchangeGuide.

293 +

Relief For Crypto Community As India’s Central Bank Sets The Record Straight On Cryptocurrency Ban

In April 2018, the Reserve Bank of India (RBI) asked local banks to stop providing services to cryptocurrency exchanges and related businesses, subsequently halting fiat-to-crypto trading in the country.

422 +

RBI: Banks Can’t Cite 2018 Circular to Deny Services to Customers Dealing With Crypto

The Reserve Bank of India has issued a notification to banks on how to relate with their customers who deal with cryptocurrencies. The post RBI: Banks Can’t Cite 2018 Circular to Deny Services to Customers Dealing With Crypto appeared first on BeInCrypto.

229 +

India: RBI Instructs Banks to Provide Uninterrupted Crypto Trading Services to Customers

India’s central bank clears ambiguity over crypto regulations in the country. Banks Can’t Advise Against Trading in Crypto In a tweet posted today, the Reserve Bank of India (RBI) cleared clouds of confusion regarding the regulatory nature of cryptocurrencies in India.

317 +

India’s Central Bank RBI Confirms Crypto Banking Ban ‘No Longer Valid’ — Asks Banks to Stop Quoting It

Indian central bank, the Reserve Bank of India (RBI), has officially advised banks that its banking ban circular is no longer valid as it was set aside by the country’s supreme court more than one year ago.

397 +

Reserve Bank of India slams banks after they stop services for crypto users

The Reserve Bank of India, the country’s central bank, released a new directive today after local banks ceased crypto services for users citing a directive from 2018, an official filing shows. The post Reserve Bank of India slams banks after they stop services for crypto users appeared first on CryptoSlate.

232 +

Reserve Bank of India Clarifies That There Is No Ban on Cryptocurrencies

The RBI has clarified that banks cannot close their customers' accounts for dealing with crypto

174 +

NYDIG CEO: We’ll See an ‘Explosion’ in Bitcoin-Driven Financial Innovation in Banking & Insurance Sector Over the Next Year

Ross Stevens also revealed that he had a meeting with the heads of three of the world’s largest central banks about Bitcoin and inflation. He believes that we could see a central bank adopting the bitcoin standard or purchasing BTC as a reserve asset in the next 12 months.

240 +

Data Suggests Fed’s MBS Operations and Wall Street Investors Behind Inflated US Real Estate Market

The Federal Reserve and America’s big banks have significantly inflated home prices across the U. S. according to a number of statistics. In many towns across the nation, home sales are facing bidding wars and certain regions are seeing property shortages.

324 +

Federal Reserve to Release Research Paper on U.S. Digital Currency This Summer

Chairman Jerome Powell claims that central banks can benefit from tech innovations

149 +

Would You Trust CEXs After Reading This?

Centralized finance is represented by the traditional money markets which work through a system of banks, institutions, brokers and at the head of the chain is the Federal Reserve or your regional Central Bank, which makes decisions on behalf of your country or region as to what its monetary policy should be. This is very […]

150 +

RBI reportedly urging banks to cut ties with crypto exchanges and traders

The lack of rules for cryptocurrency trade in India is giving birth to policy grey areas that different stakeholders are using to their benefit. As per a Reuters report on 13 May 2021, India’s central bank, the Reserve Bank of India (RBI), has recently asked Indian banks, informally, to stop banking services to crypto trades. […]

229 +

India’s Central Bank RBI Urges Banks to Cut Ties With Crypto Businesses and Traders: Report

India’s central bank, the Reserve Bank of India (RBI), has reportedly informally asked banks to cut ties with cryptocurrency exchanges and traders. Some banks in India have limited their exposure to the crypto market and some plan to stop all crypto-related transactions.

101 +

Why Investing Magnate Stanley Druckenmiller Deems ‘Central Banks Are The Problem And Crypto… The Solution’

Serial billionaire investor, Stanley Druckenmiller has lambasted the US Federal Reserve’s decision to continue influencing its economy negatively by grounding its short-term interest rates despite growing indices of an already resuscitating economy.

202 +

How to buy Bitcoin in India [2021] – 7 Top Indian Exchanges

Unlike many other countries in Southeast Asia and the Asian subcontinent that opted to ban trading or even owning Bitcoin, the Reserve Bank of India (RBI) barred regulated institutions such as banks from dealing in crypto assets.

206 +

Fed’s Vice Chair for Supervision Calls on Bank Regulators to Pay More Attention to Cryptocurrency

The Federal Reserve’s top supervisory official has called on bank regulators to pay more attention to cryptocurrencies and stablecoins. His comments followed a number of major banks announcing that they will be offering products based on cryptocurrencies, particularly bitcoin, to their clients.

238 +

Nigeria Stopping the Rejection of Old or Torn USD Notes Underlines Why Crypto Is a Better Reserve Currency

In early April 2021, the Central Bank of Nigeria (CBN) issued a circular warning Nigerian institutions to stop the practice of rejecting old or lower denomination USD notes. The CBN issued the warning after it became “inundated with complaints from members of the public on the rejection of such notes by banks and other authorized […]

186 +

PBOC, Federal Reserve Officials Provide Optimistic Commentary On Bitcoin

Recent comments from officials at two of the world’s largest central banks indicate growing acceptance that bitcoin is the future.

263 +

Report: JP Morgan Boss ‘Not Happy’ as Capital Positions Exemption for Big Banks Ends

On March 19, 2021, the U. S. Federal Reserve Board published a press release that detailed the temporary supplementary leverage ratio easements will be expiring as scheduled. U. S. banks will no longer have the relaxed capital requirements they once held since the onset of the Covid-19 outbreak.

411 +

Fed Is Investing ‘Time and Labor’ As A Digital Dollar is ‘High Priority’ says Chairman Powell

The Federal Reserve is also “committed” to solving the tech problems. Treasury Secretary, unlike her predecessor, also says it “makes sense for central banks to be looking at.” The post Fed Is Investing ‘Time and Labor’ As A Digital Dollar is ‘High Priority’ says Chairman Powell first appeared on BitcoinExchangeGuide.

271 +

ECB President Says Central Banks Are ‘Very Unlikely’ to Add Bitcoin as a Reserve Asset

In a Business Insider report, European Central Bank (ECB) President, Christine Lagarde, repeated her skepticism on Bitcoin, stating central banks are not looking to add the digital asset as a reserve currency any time soon.

209 +

From a ban to CBDC: RBI considers its own crypto

The Reserve Bank of India (RBI) has gone quite a long way when it comes to cryptocurrency in the past twelve months. Originally, it banned local banks in India from providing services to crypto businesses, only to have its decision revoked by India’s Supreme Court.

177 +

Bitcoin in Race for Adoption Before Central Banks Launch Digital Currencies: Australia’s Macquarie

With a runway of a year or more before the Federal Reserve and other major central banks can launch digital currencies, bitcoin and other private cryptocurrencies could gain a foothold in electronic commerce.

232 +

IMF Cautions Central Banks May Have to Rethink What Constitutes Reserves

The IMF warns that central banks may have to rethink what constitutes their reserve currency holdings. In a recent study, the global lender points to the changing geopolitical landscape, technological advances and the impact of the Covid-19 pandemic as events likely to influence the composition of reserves.

207 +

Fed Chair Vows to Pump Bitcoin, Prop up Stock Market, & Dump USD

The Federal Reserve vowed to keep on throwing cash into financial markets until the US economic recovery is ensured. The Fed had a meeting on Wednesday following which Chairman Jerome Powell said the central banks’ tools are not well-suited to the issues faced by businesses and households.

216 +

CBDC’s Offer Better Privacy Propositions Than Big Tech Digital Currencies: New York Fed

The research paper titled, “Monetizing Privacy,” by Rodney Garratt Professor of Economics at the University of California, Santa Barbara (UCSB) and Michael Lee, an economist at Federal Reserve Banks – Federal Reserve Bank of New York, states that central bank digital currency (CBDCs) will outperform the private company-based stablecoins such as Libra in protecting the […] The post CBDC’s Offer Better Privacy Propositions Than Big Tech Digital Currencies: New York Fed first appeared on BitcoinExchangeGuide.

253 +

Fed Hints Backing For Biden Trillion Printer

A new Joe Biden presidency will very likely mean trillions of dollars will be printed and it looks like that will be with a very obliging Federal Reserve Banks (Fed)....

200 +

Major Meeting of Central Banks Produces Same Old ‘Evaluating’ CBDCs Refrain

CBDCs continue to draw attention from central bankers, but panelists at an IMF event – including the Federal Reserve – do not expect to see their nations launch one soon.

169 +

Fed Reserve and 6 Other Central Banks Set Out Core Digital Currency Principles

The seven central banks, along with BIS, have released a report setting out agreed core objectives that must be met by national digital currencies.

174 +

All Currencies Will Be Pegged to Bitcoin, Says ‘Price of Tomorrow’ Author Jeff Booth

Entrepreneur and popular author Jeff Booth has predicted a grim future for fiat currencies, expecting them to fail as central banks keep printing money. Foreseeing an unavoidable, severe depression and banking failure, he believes bitcoin will become the world’s reserve currency and all national currencies will be pegged to it.

237 +

US Federal Reserve Actively Working on Digital Dollar

The Federal Reserve Board of Governors and several Federal Reserve Banks are actively working on the digital dollar. Legislation has proposed that each American could have an account at the Fed for transacting in the central bank digital currency.

194 +

Fed Researching CBDC & Planning to Deposit ‘Digital Dollars’ Directly To the Digital Wallets of Americans

Federal Reserve Bank of Cleveland President Loretta Mester revealed that each American would receive digital dollars directly. She said, “Legislation has proposed that each American have an account at the Fed in which digital dollars could be deposited, as liabilities of the Federal Reserve Banks, which could be used for emergency payments.

261 +

Comptroller of the Currency reveals another ability of US banks

Brian Brooks, the acting US Comptroller of the Currency, recently made a massive crack in the US’ anti-crypto armor by allowing banks to offer crypto custody. Now, the Comptroller made another major announcement, noting that national banks and federal savings associations can hold reserve funds for stablecoin issuers.

258 +

Australian Reserve Bank says there is no need for a CBDC

As many of the world’s leading countries’ central banks continue their rush to be the first to launch their own CBDC (Central Bank Digital Currency), Australia seems to be absent from the race.

222 +

Regulator Gives Banks Green Light to Hold Stablecoin Issuer Reserve Deposits

Stablecoin issuers now have a strong tailwind from US regulators. Banks finally have some guidance on how to treat coins like Tether, Gemini Dollar, USD Coin and others that are pegged to fiat money.

180 +

Powell to Face Congress

Jerome Powell, the chair of the Federal Reserve Banks is to spend the next three days answering to the elected in Washington. Starting tomorrow in the morning, then on Wednesday,...

176 +

Macroeconomic Trends Boost Bitcoin and Gold, US Dollar Index Shows Bearish Double-Top

According to a number of reports and commentary from financial analysts, the world is “drowning in U. S. dollars” after the Federal Reserve decided to pump billions of dollars into the hands of 14 central banks via liquidity swaps.

178 +

Ethereum Founder Says Yield Farming Projects Will Need to Print Money Like Central Banks

Ethereum founder, Vitalik Buterin, blasts the ever-expanding yield farming space, comparing the token incentives to central banks’ constant money printing. In a tweet on Aug. 31, Vitalik said the economics behind these decentralized finance (DeFi) projects are similar to the “Federal Reserve being run by Ron Paul” – former republican congressman.

994 +