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Zimbabwe’s Central Bank Exploring CBDC, Reiterates Opposition to Cryptocurrencies

Zimbabwe’s Central Bank Exploring CBDC, Reiterates Opposition to CryptocurrenciesZimbabwe’s central bank, which has expressed its opposition to cryptocurrencies in the past, announced yesterday it is presently exploring the feasibility of rolling out its own central bank digital currency (CBDC). The bank also said its regulatory sandbox continues to garner interest. CBDC Roadmap The Zimbabwean central bank, the Reserve Bank of Zimbabwe (RBZ), has […]

Federal Reserve Ends Enforcement Action Against Crypto-Friendly Bank Silvergate After Levying $43,000,000 Fine

Bank of Tanzania Hints at Possible Crypto Ban Reversal as Spokesman Confirms Bank Is ‘Working on the Directives Given’

Bank of Tanzania Hints at Possible Crypto Ban Reversal as Spokesman Confirms Bank Is ‘Working on the Directives Given’In a hint that Tanzania might soon reverse its 2019 crypto ban, an unnamed spokesperson of the Bank of Tanzania (BOT) recently suggested the apex bank is “working on the directives given.” The remarks by the spokesperson follow Tanzanian President Samia Suluhu Hassan’s call on the country’s finance chiefs to prepare for cryptocurrencies. BOT Move […]

Federal Reserve Ends Enforcement Action Against Crypto-Friendly Bank Silvergate After Levying $43,000,000 Fine

Bank of Uganda Launches Regulatory Sandbox Framework — One Fintech Firm Already Approved

Bank of Uganda Launches Regulatory Sandbox Framework — One Fintech Firm Already ApprovedThe Bank of Uganda (BOU) has announced the launch of a regulatory sandbox that will allow fintech start-ups to test their innovative financial solutions in a controlled environment. Already, one firm, M/S Wave Transfer Limited, has received approval to test its quick response (QR) technology under this sandbox arrangement. BOU Launches Regulatory Sandbox for Fintech […]

Federal Reserve Ends Enforcement Action Against Crypto-Friendly Bank Silvergate After Levying $43,000,000 Fine