Central Bank of Jordan Blocks Financial Companies from Bitcoin
It was the Central Bank of Jordan's (CBJ) turn to issue a digital currency warning this week, advising the public of the risks associated with the use of the financial tools, and blocking financial companies from engaging in bitcoin business. "Recently, a global phenomenon of trading a virtual currency called bitcoin became active around the world," the bank noted, adding: "CBJ seeks to protect citizens and the investors, by warning them that virtual currencies are not legal tender and there is no obligation on any central bank in the world or any government to exchange its value for real....
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The governor of the Central Bank of Jordan recently said his institution is studying the possibility of launching a legal digital currency, one that will be linked with its national currency. He also suggested that cryptocurrency trading might eventually be allowed in Jordan once the necessary legislation has been put in place. Protecting Investors Jordan is currently studying and exploring the possibility of launching a central bank digital currency (CBDC) linked to its currency the Jordanian dinar, the country’s central bank governor has said. In addition, the governor, Adel Al....
The president and chairman of the board of Switzerland's central bank described a financial system "turned on its head" by blockchain and distributed ledgers to kick off the Sibos conference yesterday in Switzerland. Addressing a crowd of some 8,000 financial industry professionals, Thomas Jordan lectured on the history of centralization as a means to provide security and efficiency in the banking industry, from the birth of centralized clearing houses in the 1940s to the advent of the Six Interbank Clearing system (SIC) in 1987. But with blockchain and distributed ledgers....
CBJ governor also predicted that cryptocurrency trading might eventually be permitted in Jordan once the appropriate legislation is in place. Central Bank of Jordan (CBJ) has revealed that it is researching issuing a digital currency. The central bank digital currency (CBDC) would be linked to the Jordanian dinar and have legal standing.Adel Al Sharkas, the governor of CBJ, has reportedly stated that his institution is researching the option of creating a legal digital currency. He also predicted that cryptocurrency trading might eventually be permitted in Jordan once the appropriate....
Jordan, a country with a cash-based economy, is among those countries with a large unbanked population that is seeing its fair share of fintech innovation, according to Wamda, a Mideast financial news site. Both the banking and technology industries have recognized the fintech opportunity. The Central Bank of Jordan (CBJ) last May introduced an electronic payment platform called eFawateerCom to allow people to pay bills from ATMs, POS terminals, kiosks, and computers. Emerging Markets Payments (EMP) is an e-payment service provider developed by eFawateerCom. GreenWallet, an online lending....
The Central Bank of Russia has recently expanded its database of financial market players suspected of illicit activities. Several crypto companies have been added to the list along with entities bearing signs of Ponzi schemes, as well as illegal credit organizations and forex dealers. Central Bank of Russia Blacklists Crypto Platforms As part of its monitoring of the financial sector, the Central of Russia (CBR) regularly identifies illegal financial services providers and warns Russian investors about fraudulent platforms. This week, the regulator added another 105 companies to its....