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Tag: Central Bank

Bank for International Settlements Starts Backing CBDCs

The Bank for International Settlements starts backing central bank digital currencies after it gave full approval to the development of the CBDCs because they are aiming to modernize finance as we can see more in our latest cryptocurrency news today. The BIS which is often called a central bank to the world’s central banks is […]

BIS Makes the Case for Central Bank Digital Currencies Against Crypto Like Bitcoin

Central Bank of Banks BIS to Trial Digital Currency by Year’s End
Central Bank of Banks BIS to Trial Digital Currency by Year’s EndThe Bank for International Settlements (BIS) has doubled down on its support for central bank digital currencies (CBDCs). Several countries around the work are examining the case for introducing wholesale or retail digital currencies to complement their fiat currencies. Central Bank Digital Currencies Better Than Crypto According to a report issued by the BIS on
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US Department of Justice Recruiting Crypto Attorney

The U.S. Department of Justice is recruiting an attorney for cases involving cryptocurrencies, as a part of its larger effort to monitor the crypto market for criminal activity.

The post US Department of Justice Recruiting Crypto Attorney appeared first on BeInCrypto.

South Africa Is Looking at $3.6B Bitcoin Fraud as Africrypt Founders Flee

This is easily one of the largest crypto frauds in the world.

Bank for International Settlements backs CBDCs.

The Bank for International Settlements, often called the central bank to the world’s central banks, set out recommendations on June 23 as to how a CBDC should be. BIS estimated that around 56 central banks and monetary authorities around the world are now looking at digitizing their currencies as commerce shifts online, as reported by Reuters. […]

Bank for International Settlements backs Central Bank Digital Currencies

The Bank for International Settlements (BIS) has given full approval to the development of central bank digital currencies (CBDCs), saying they are needed to modernize finance.

Africrypt Stole $3.6 Billion In Bitcoin: Is This The Biggest Crypto Scam In History?

Around 69,000 Bitcoin has vanished from a South African investment platform, Africrypt, along with two brothers who owned the crypto firm. Africrypt Founders Took $3.6 Billion A new Bitcoin scam involving the disappearance of $3.6 billion has surfaced in South Africa, just as investors are having a difficult time managing the Bitcoin volatility. Two brothers, […]

Saudi Arabia based Fintech Tweeq, Provider of Spending Accounts for SMEs, Secures Investment from STV, Raed Ventures

Saudi Arabia-based Tweeq, a provider of spending accounts for individuals and small businesses operating across the country, revealed that it has finalized an...

The Bank for International Settlements Gives CBDCs Full Backing

The Bank for International Settlements (BIS) announced its full support for developing central bank digital currencies (CBDCs) in pursuing financial and monetary stability through international...

People’s Bank of China orders banks to sweep crypto operations

China’s central bank has released an official order to Ant Group, China’s biggest payments provider, and four state-owned banks to intensify their efforts against cryptocurrencies.  Along with Ant Group, state-owned banks Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, and Postal Savings Bank of China were ordered to eradicate any […]

The post People’s Bank of China orders banks to sweep crypto operations appeared first on BitcoinerX.

Japan, Portugal Approve New Cryptocurrency Exchanges

Japan and Portugal announce approval of new cryptocurrency exchanges in the nations. Portugal has approved two exchanges so far, while Japan has allowed Coinbase to function within the country. Japan Approves Coinbase Coinbase can finally start operations in Japan as the country’s top financial regulator has approved the organization within the nation. As of this […]

Bank of Israel testing Ethereum tech in digital shekel trial

The Bank of Israel is trying out Ethereum’s technology in a recently launched internal digital shekel trial, a spokesman said. In May, the central...

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