Ukranian Central Bank Calls For Bitcoin Businesses in Payment Services to Register
The National Bank of Ukraine (NBU) has come forth with a statement on bitcoin, and they're telling citizens of the usual risks echoed a good number of times now from central banks around the world - warning that the bank shall not be responsible for the loss of any digital currency holdings. But perhaps more interesting is a call for bitcoin businesses that work as payments systems to register with the NBU: In accordance with Article 9 of payment organizations payment systems, payment systems participants and payment infrastructure service operators have the right to perform activities in....
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China’s Central Bank Insists on Expanding Digital Yuan Environment
The monetary policy regulator of China has called for improving the integration between the digital yuan (e-CNY) system and traditional tools for electronic payments. The People’s Bank of China (PBOC) says this will....
The Central Bank of the Republic of Armenia has advised its citizens not to use digital currencies such as bitcoin. The Armenian central bank told regional news service ARKA last month that, in its view, the use of digital currencies should be avoided due to a lack of regulation in the industry. The comments appear to be some of the first from the institution on the technology. The central bank told ARKA: "According to Armenian legislation, virtual currencies, including bitcoins are not considered electronic money. This in view, the regulator calls on citizens to refrain from using them,....
Bitcoin has been undergone the spotlight over the past few months and years due to some fearing it will contest traditional currencies. Central banks seem to be firing back with their own central bank digital currency projects. Ironically, analysts say that the introduction of CDBCs could end up strengthening Bitcoin. Calls for a CBDC Bolster the Bitcoin Bull Case, Analysts Say Recently, European Central Bank President Christine Lagarde confirmed that the European Union’s central bank […]