CENTRAL BANK

 


Central Bank is an institution in charge of monetary policies and regulating commercial banks. The core function of central banks is money issuance (money supply) and the decision on the interest rate through a basket of monetary policies and tools.

CBDCs Require Balance between Data Access & User Privacy Protection, HashCash CEO Says
CBDC would need a delicate balancing act between data access and user privacy protection in terms of taming illegal activities, according to HashCash Consultants CEO Raj Chowdhury.
Saudi Central Bank Hires Former Accenture CEO To Drive Crypto Ambitions
Mohsen Al Zahrani is tasked with supporting digital assets business development activities, including central bank digital currency.
South Africa's Monetary Authority Ask Banks to Work with Crypto Exchanges
South Africa’s Central Bank has released new guidelines stating that banks in the country may act as a channel for funds tied to crypto asset service providers.
ECB Publishes New Guideline on Regulated Digital Asset Licensing
The European Central Bank (ECB) has issued new licensing guidelines for regulating digital assets, although it currently does not have a unified regulatory framework governing crypto-asset activities and services.
Philippines Central Bank to Suspend Issuing Licenses to New Virtual Asset Service Firms
The central bank said it will stop processing licenses for new virtual asset services providers (VASP) for three years.
European Central Bank Hikes Interest Rates in Surprise Move, Bitcoin Remains Steady
The European Central Bank (ECB) on Thursday increased its benchmark rate from -0.5% to 0%. Crypto market remains steady, Bitcoin stands firm above $23K level during the Asia trading section.
At least 70% of Global Finance Leaders Believe CBDCs Will Spur Financial Inclusion - Ripple Study
Central bank digital currencies (CBDCs) have triggered overwhelming consensus among global finance leaders, according to a survey by Ripple, a leader in enterprise crypto and blockchain solutions.
SARB to Introduce Crypto Regulation
South Africa has changed their mind in terms of crypto regulation. The regulator intends to introduce a legal framework to govern the use of cryptocurrencies in the country.
Customers Trust in Banks More than in Crypto, France Central Bank Governor Says
Bank of France Governor Francois Villeroy de Galhau has expressed his view that the current extreme volatility facing the crypto market has made consumers lose trust in cryptocurrencies.
Brazil Considers CBDC Project as a Means to Innovate Digitally: Economist
The development of CBDC means several things to several people, and for Brazil, it is a broad complement to its already transforming payment ecosystem.

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