China’s central bank vows crackdown on virtual currency, flags stablecoin concerns
BEIJING, Nov 29 (Reuters) – China’s central bank reaffirmed its tough stance on virtual currencies on Saturday, warning of a resurgence in speculation and vowing…
Tag: Central Bank
Bitcoin Drops $2K as China Declares Cryptocurrency-Related Business Illegal
Bitcoin erased Thursday’s 3% gain as PBOC stepped up its crackdown on crypto China strengthened its anti-crypto stance on Friday, torpedoing bitcoin’s two-day winning run.…
Fiat-to-Crypto in the Philippines Approaches $40 Million Per Month Despite Price Woes
A central bank official has said that digital currency conversions in the Philippines — a country where the coins are considered legal tender — hit…
Iran Is Moving Ahead With Local Cryptocurrency Development Despite Crypto Ban
Despite last weeks ban on the cryptocurrency market by central banking authorities, Iran is still moving ahead with plans to develop an experimental local coin,…
South Africa’s Central Bank to Setup Cryptocurrency Self-Regulatory Organization
Cryptocurrency is on the radar of South Africa’s central bank. The South African Reserve Bank (SARB) is setting up an investigative unit to monitor the developments…
Swaziland Central Bank Governor: It’s ‘Not Wise’ to Dismiss Cryptocurrency
The central bank of the Kingdom of Swaziland is researching cryptocurrencies, according to its governor. Speaking at an economic forum last week, Central Bank of Swaziland (CBS)…