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Digital Ruble Poses Risks to Financial Sector and Security, Russian Lawmakers Warn

Digital Ruble Poses Risks to Financial Sector and Security, Russian Lawmakers WarnRussian parliamentarians have cautioned against risks associated with the introduction of a digital ruble. Among them are the likely increase of competition pressure on banks and new challenges that may arise in the field of information security. Financial Market Committee Sees Threats in Digital Ruble Project Russia’s digital fiat, currently under development, brings certain risks […]

U.S. Federal Reserve Hits Customers Bank With Enforcement Action Related to Crypto Services

Cameroon to Hold Workshop Examining Challenges and Risks of Using Cryptocurrencies

Cameroon to Hold Workshop Examining Challenges and Risks of Using CryptocurrenciesThe government in Cameroon, which is reportedly keen on regulating cryptocurrencies, is set to hold a workshop that will look at the challenges and risks of using such digital currencies in the country. Proliferation of Scams According to a report by Business in Cameroon, the workshop, which is set to be held on November 15 […]

U.S. Federal Reserve Hits Customers Bank With Enforcement Action Related to Crypto Services

Report: Nigeria’s Digital Currency to Be Designated ‘Critical National Infrastructure’

Report: Nigeria’s Digital Currency to Be Designated ‘Critical National Infrastructure’According to a report, the Central Bank of Nigeria (CBN) is planning to have its proposed digital currency designated “critical national infrastructure” in order to protect it from operational and cyber-security risks. In addition, the CBN will also apply regulatory and compliance mechanisms to prevent what it calls “disruptive competition for electronic money.” Cost Versus […]

U.S. Federal Reserve Hits Customers Bank With Enforcement Action Related to Crypto Services

Bank of Ghana ‘in the Advanced Stages of Introducing a Digital Currency’— Governor Repeats Anti-Cryptocurrency Claims

Bank of Ghana ‘in the Advanced Stages of Introducing a Digital Currency’— Governor Repeats Anti-Cryptocurrency ClaimsThe governor of Ghana’s central bank, Ernest Addison, has said his institution is now “in the advanced stages of introducing a digital currency.” However, before its release into circulation, the digital currency—which is also known as the “e-cedi”— will first have to go “through three phases.” Bank of Ghana’s Embrace of Emerging Fintechs In his […]

U.S. Federal Reserve Hits Customers Bank With Enforcement Action Related to Crypto Services