Category: Central Bank
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Russia Is Set to Create a New Regime for Tokenized Securities
The new Russian “crypto” law provides a regulatory regime for tokenized securities and has no regulation for cryptocurrencies.
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China’s State-Run Banks Reportedly Testing Wallet for Digital Yuan
State-owned commercial banks in China are reportedly testing a wallet for the country’s forthcoming digital yuan.
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Deregulating Crypto Could Spark More Speculation Says Japan’s FSA
“Deregulating Bitcoins and other cryptocurrencies may not necessarily promote technical innovation,” says Japan’s new top financial regulator.
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America’s Banks Can Simply Bail Themselves Out – Thanks to the Fed’s $27 Trillion Blackrock Deal
Mainstream media has been awfully quiet about all the fraud and manipulation stemming from the global bureaucracies’ newly enacted covid-19 reaction policies. In the U.S. amid all the commotion and fear, the Federal Reserve granted special powers to the giant private equity firm Blackrock. The arrangement has been criticized a great deal because Blackrock is…
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Sweden’s ‘Lagom’ Response to Coronavirus: No Masks, Keep the Economy Going With a ‘No Limit’ Printing Press
Pundits globally are flabbergasted that Swedes still go to cafés, eat at restaurants and hang out in parks without face masks on. The coronavirus in Sweden has so far claimed 611 deaths, with 7,849 confirmed cases. Swedish people still send their kids to school and are not hoarding much of anything compared to countries like…
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Egypt Limits Bank and ATM Withdrawals Citing Rampant Cash Outflow and Coronavirus Fears
On Sunday, the Central Bank of Egypt (CBE) announced it had instructed financial institutions in the country to put withdrawal limits in place for cash. Regional reports disclose that Egyptian residents can only withdraw 10,000 Egyptian pounds ($640) and businesses can only withdraw 50,000 pounds ($3,200). The CBE cited concerns over the covid-19 outbreak and…
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Rumors of Bitcoin’s Death Are Greatly Exaggerated
According to the Bitcoin Obituary Page, Bitcoin died 379 times between 2010-2019 of an astonishing array of causes. The number is undoubtedly understated since it is based on a limited sample of obituaries. Despite the glee with which the corpses of Bitcoin are contemplated, however, cryptocurrency thrives because it continues to fill the human need…
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Lebanon Fights for Separation of Money and State as Residents Use Bitcoin to Evade Capital Controls
Mass unrest in Lebanon due to allegations of political corruption and heavy handed capital controls has carried over into the new year, with reports pointing to a notable uptick in bitcoin trading from the embattled nation. As residents seek to preserve as much value as they can while government falters, some traders are calling for…
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China Adopts Security Standards for Blockchain Applications in the Financial Sector
Keeping the focus on blockchain development, banking authorities in China have issued a set of rules pertaining to the secure application of crypto-related technologies in the financial sphere. The new standards, the first of this kind, are to guide the work of developers and service providers operating in the industry. Also read: China Issues Digital…