Crypto amplified financial risks in emerging markets: BIS papers
The central banks of the United States, Canada, Mexico and Brazil have pointed out the risks of crypto but warned against excessively prohibitive laws.This post was originally published on this site
Colombia central bank recommends limiting CBDC holdings and spending
Setting limits on CBDC transactions could be beneficial to issues related to user privacy and security, according to the central bank of Colombia.This post was originally published on this site
Nigeria to issue verifiable blockchain certificates for NYSC
This initiative aims to house all NYSC certificates on the blockchain, providing individuals with the means to easily verify and authenticate them.This post was originally published on this site
Ukraine demands local crypto businesses provide financials
Trading volumes on the Ukrainian crypto exchange Kuna have shrunk 90% since March 2023 due to government policies, the CEO said.This post was originally published on this site
Existential threat? Why some banks are anxious about CBDCs
The prospect of a retail CBDC has some major banks anxious over their revenue streams. This post was originally published on this site
United Kingdom’s digital pound meets public backlash — Why?
The use of physical currency for transactions is plummeting globally, so why is the U.K. so tentative with its own central bank digital currency?This post was originally published on this site
Major US banks get passing grade in ‘severe recession’ stress test
America’s central bank has been stress-testing retail banks in the wake of several high-profile banking collapses earlier this year.This post was originally published on this site
Ripple partners with Colombia’s central bank to explore blockchain technology
The pilot program will run through 2023 with the intent of demonstrating blockchain utility to the general public. This post was originally published on this site
De-dollarization: Is it really happening?
In our latest Cointelegraph Report, we analyze the causes leading to the decline of the U.S. dollar as the world reserve currency and its potential implications. This post was originally published on this site
Georgian central bank to launch AML probe into crypto firms
The National Bank of Georgia will launch mandatory supervision of virtual asset service providers starting from Sept. 1, 2023.This post was originally published on this site