Tag: Central Bank

Blockchain Startup Signs MOU With Central Bank of Curaçao and Sint Maarten

Barbados-established fintech startup Bitt Inc. Has signed a Memorandum of Understanding (MOU) with the Central Bank of Curaçao and Sint Maarten (CBCS) to find out more about the possibility of devoting an electronic guilder, based on a August 12 press release. The parties signed the MOU so as to come up with a central bank […]

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Venezuela’s Constituent Assembly Drafts Law to Create Central Bank for Crypto

Regulation A member of this Venezuelan National Constituent Assembly has allegedly shown that the meeting is preparing a reform to the nation’s Constitution which comprises a central bank for cryptocurrencies. This follows the Venezuelan government’s most up-to-date attempt to tie the new bolivar money to the petro. Hermann Escarra, a part of Venezuela’s National Constituent […]

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Stablecoins Gaining Popularity in India to Minimize Central Bank’s Impact

News A rising number of cryptocurrency exchanges in India are incorporating stablecoins like trueusd (TUSD) and tether (USDT) for their platforms. They are a part of those options exchanges have develop so as to decrease the effect of the crypto banking ban imposed by the nation’s central bank. Unocoin, among India’s biggest crypto exchanges, declared […]

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Indians Use Creative Means to Trade Bitcoin Amid RBI Ban

Regulation Indian crypto traders have found several creative approaches to exchange cryptocurrencies, particularly bitcoin, to bypass the crypto banking ban imposed by the nation’s central bank. The Reserve Bank of all India has prohibited financial institutions from providing services to firms coping in cryptocurrency. Following that the crypto banking prohibit from the Reserve Bank of […]

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Iran ‘Preparing Ground’ for National Cryptocurrency to Dodge US Sanctions

Iran has confirmed it’s going to press ahead with producing its state-issued cryptocurrency to bypass incoming U.S.. Quoted by local news media outlet ISNA and interpreted by PressTV, Alireza Daliri, deputy for investment and management in the Directorate for Scientific and Technological Affairs, stated plans for the invention of a working electronic money were currently […]

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FINMA Seeks to Stem Exodus of Swiss Cryptocurrency Firms

Finance The Swiss Financial Market Supervisory Authority (FINMA) has met with agents of the nation’s banking industry in the hopes of originating a nascent exodus one of cryptocurrency businesses from Switzerland. The firms’ departures are credited to 2 Swiss banks’ choices to no longer provide financial solutions to companies handling virtual currencies. FINMA Acts into […]

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