Norway Releases Source Code for Digital Krone Sandbox, Utilizes Ethereum Technology

September 14, 2022 Bitcoin.com

bitcoin.com

A crypto company working with the central bank of Norway has published the source code for the sandbox created to trial the digital version of the Nordic nation’s fiat currency. The prototype digital krone is being built on the Ethereum network and the regulator wants to test various technologies and evaluate the potential impact on […]

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Singapore Seeks Detailed Information From Crypto Firms Ahead of New Regulations, Report Unveils

August 27, 2022 Bitcoin.com

applicants

Financial authorities in Singapore are taking steps toward increased oversight in the crypto space with the city-state’s central bank reportedly asking companies to provide additional information about their activities and assets. Ahead of a possible broadening of the applicable rules, the authority is trying to get a clearer idea of their financial state, knowledgeable sources […]

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Eurosystem Seeks Providers of Prototype Payment Solutions for Digital Euro

May 1, 2022 Bitcoin.com

back-end

Eurozone’s monetary authority, the Eurosystem, is looking to enlist financial companies willing to develop front-end solutions for the digital euro. The plan is to carry out a “prototyping exercise” this year to test transactions to the back-end developed by the regulator. Eurosystem to Select Front-End Providers for Digital Euro Project Within the ongoing investigation into […]

Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

Bank of Russia to Pilot Digital Ruble Settlements in 2023

April 25, 2022 Bitcoin.com

bitcoin.com

Russia’s monetary authority intends to conduct the first settlements with the digital ruble next year, its governor announced this week. Speaking to Russian lawmakers, the official highlighted the important role the new currency is going to play for Russia under sanctions. Russia to Trial Digital Ruble in Settlements, International Payments The full launch of the […]

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Thailand Adopts Rules Restricting Cryptocurrency Payments From April

March 23, 2022 Bitcoin.com

Ban

Regulators in Thailand have decided to limit the use of cryptocurrencies as a means of payment. The authorities consider the country’s current payment system efficient and insist cryptos would only bring risks for the financial system, economy, people and businesses. Thailand SEC Issues Regulations Limiting Use of Digital Assets for Payments Financial regulators in Thailand […]

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Putin Urges Government, Central Bank to Reach Consensus on Crypto, Highlights Russia’s Mining Potential

January 27, 2022 Bitcoin.com

Bank of Russia

President Vladimir Putin has joined the debate on the future of cryptocurrencies in Russia, calling on the government and central bank to work out a common position on their regulation. The Russian leader also emphasized Russia’s strengths as a crypto mining destination. Putin Asks Ministers and Bankers to Report Back With Consensus on Cryptocurrencies Russian […]

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Russian Banks Begin Testing Digital Ruble Payments

January 22, 2022 Bitcoin.com

Banks

Banks in Russia are preparing to dive into the pilot phase of the digital ruble project and some are already testing transactions with the currency. Trials have started with customer-to-customer (C2C) payments and Bank of Russia plans to expand the types of operations in the future. Digital Ruble Pilot Launches With 12 Participating Banks The […]

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Bank of Russia Wants to Restrict Crypto Investments by Blocking Card Payments, Report Reveals

December 27, 2021 Bitcoin.com

Ban

The Central Bank of Russia is currently reviewing various ways to prevent Russians from investing in cryptocurrency. One the options on the table is to block card payments to certain recipients such as crypto exchanges, a media report has unveiled. A recent meeting at the State Duma has indicated, however, that the authority’s hardline stance […]

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Bank of Russia Has Tools to Restrict Crypto Investments, Governor Hints

December 19, 2021 Bitcoin.com

Ban

The Central Bank of Russia has reaffirmed its opposition to cryptocurrency investments citing the volatility of the digital assets as a key motive for its conservative stance. Governor Elvira Nabiullina has recently indicated that the regulator has the means to restrict them. Nabiullina Insists Bank of Russia Can Limit Investments in Crypto Assets Russia’s monetary […]

Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

Bank of Russia Rejects Provision of Crypto-Related Financial Services

December 7, 2021 Bitcoin.com

bank

Russia’s central bank has voiced opposition to the provision of financial services related to cryptocurrencies. The monetary authority believes such offerings would go against the interests of Russian investors as they are highly risky. Central Bank of Russia Unwilling to Allow Financial Services for Crypto Assets The Central Bank of Russia (CBR), known for its […]

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