The Ugandan central bank has warned licensed entities and the public against facilitating crypto-related transactions as well as the practice of converting cryptocurrency into mobile money and vice versa. The central bank warned it will not hesitate to act against entities found to be in breach of the country’s laws…
The Central Bank of Nigeria has fined Stanbic IBTC, Access Bank and UBA $1.9 million for flouting the cryptocurrency trading restriction levied a year ago…
A former Bank of Thailand director has warned about an imminent crypto crash. “A cryptocurrency bubble will emerge at the end of March when liquidity in the financial market drops,” he reportedly predicted. Former Central Bank Director Warns Crypto Market Will Soon Crash Former Bank of Thailand (BOT) Director Anusorn Thammajai reportedly warned [……
The Governor of the Hungarian National Bank, György Matolcsy, has advocated a European Union-wide ban on all cryptocurrency trading and mining operations. Governor Matolcsy referenced China’s recent crypto prohibition in a blog post titled “Time has come to ban crypto trading and mining in the EU,” published by the Hungarian central bank…
Israel’s central bank informed local banks that they may no longer refuse to accept profits generated from cryptocurrency activities…
The Bank of Russia is reportedly concerned that cryptocurrency investments might risk the country’s financial stability…
Bank Indonesia, the country’s central bank, is reportedly considering issuing a central bank digital currency (CBDC) to fight the use of cryptocurrency. “A CBDC would be one of the tools to fight crypto. We assume that people would find CBDC more credible than crypto,” said an assistant governor of the central bank…
Author: article author: Arab NewsTue, 2021-12-07 15:28 RIYADH: Zimbabwe’s Central Bank is exploring using its own digital currency instead of allowing cryptocurrency as legal tender, its Governor John Mangudya told Bloomberg. “As a central bank we don’t believe in cryptocurrencies,” Mangudya said in an interview on Monday…
Just a few days after launching the e-naira digital currency, the Central Bank of Nigeria (CBN) is now reportedly ramping up the pressure against cryptocurrency traders. Bank Employees Warned In a memo to its staff seen by Bitcoin.com News, one of Nigeria’s leading banks, FCMB, warns its employees against aiding cryptocurrency traders…
Sri Lanka’s recent economic uncertainty seems to be the driving force behind its interest in cryptocurrency and the government’s new exploration into KYC technology…
