China’s Central Bank Slams Blockchain Investment ‘Bubble’

Twitter Facebook LinkedIn China’s central bank has called on the government to strengthen supervision into ‘speculative’ financing and investments in the blockchain sector. The Research Bureau of the People’s Bank of China, the country’s central bank, published a working paper titled ‘What can a blockchain do and cannot do?’ on Tuesday. An early analysis of …

Bitcoin is Not a Legal Tender in Zambia

Zambia’s central bank has said that cryptocurrencies like bitcoin aren’t legal tender in the country. The Bank of Zambia (BoZ), responsible for creating and implementing monetary policies for the world’s 105th largest economy, explained their stance against the use of cryptocurrencies in contrast to the growing public interests in the field. The central bank admitted …

Ban U-Turn? India’s Central Bank Admits Cryptocurrency Regulation is Necessary

In a first, India’s central bank has called for the regulation of the domestic cryptocurrency sector during Friday’s hearing at the Supreme Court, weeks after enforcing a banking ban against crypto companies. Earlier in April, the Reserve Bank of India (RBI) issued a circular that forbade all financial institutions – banks included – from offering …

Brazil’s Central Bank Unveils Blockchain Data Exchange for Regulators

Brazil’s central bank has unveiled details of a newly-developed blockchain platform that will be used to facilitate information exchange between the country’s financial regulators. Dubbed ‘Pier’, the blockchain was developed by the Banco Central do Brasil (BCB)’s own IT department and will be used to share data securely between the central bank and other domestic …

Bank of Korea Opposes Central Bank Digital Currency

Open Positions at CCN: Full Time and Part Time Journalists Wanted. The Bank of Korea (BoK) has revealed it is against the idea of issuing a central bank digital currency following a feasibility review. South Korea’s central bank isn’t keen on issuing a central bank digital currency (CBDC) citing concerns related to its impact on …

Russia’s Central Bank Will Host an ICO Pilot on its Regulatory Platform

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Russian banking giant Sberbank and the country’s National Settlement Depository will test an initial coin offering on a central bank regulatory platform. Sberbank and the National Settlement Depository (NSD), Russia biggest bank and the securities depository respectively, will test the issuance of …

Cryptocurrencies Pushing US Currency to ‘Non-Uniform’ System: Fed’s Bullard

Join our community of 10 000 traders on Hacked.com for just $39 per month. James Bullard, who is at the helm of the St. Louis Federal Reserve Bank, is concerned that cryptocurrencies are complicating the markets. As an official of the centralized government the cryptocurrency market is designed to avoid, Bullard may have stood out at …