The Central Bank of Switzerland would be working on a wholesale CBDC, backed in Swiss francs, and with the support of Six Digital Exchange.
The information was released at the recent event in Zurich, Point Zero Forum, by the entity's president, Thomas Jordan. The objective of the wholesale CBDC is…
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central bank
Venezuela seeks to integrate into Russia’s Mir payment system
The Central Bank of Venezuela is in the process of integrating into the Mir payment system, developed by Russia and widely used in several countries around the world, the Central Bank of the Latin American country announced in a statement.…
Argentina seeks to boost tourism with a new exchange rate for electronic payments
The Central Bank of the Argentine Republic (BCRA) issued a press release on May 4, 2023, in which it announced a new exchange rate for tourists making electronic payments in foreign currency as of May 5.
Currently, in Argentina, there is…
Venezuela requires a new wage setting system
The economist Luis Oliveros has indicated this Monday, after no adjustment was made to the workers' wages, that in Venezuela a new system is required to set the amount earned by the working mass in the country.
According to Oliveros, it is…
The United Arab Emirates to issue its CBDC
A recent announcement on digital finance in the United Arab Emirates reported notable progress in launching a CBDC, as a further step towards digital payments.
The Board of Directors of the Central Bank of the UAE indicated this Sunday in…
Nigeria studies recognizing cryptocurrencies as investment capital
Nigeria has its digital currency (CBDC), called eNaira. Now, the West African country is studying a bill through which cryptocurrencies could be declared as capital for investment.
The announcement was made this Sunday, by the local…
CBV injected another $30 million into the national banking sector
The Central Bank of Venezuela carried out a new intervention in the banking sector on December 2, after injecting another $30 million.
With this new amount, placed in the national bank, they total about $95 million, after two previous…
Norway bets on the use of ethereum
The Norwegian Central Bank recently published an open source code for the ethereum network sandbox, and the implementation of a local digital currency.
The sandbox available on GitHub will enable features such as minting, burning, and…
Binance was fined for illegal operations in the Netherlands
Binance recently faced a sanction in the Netherlands for having offered local cryptocurrency services despite not having obtained authorization to carry out operations.
The Dutch Central Bank (DNB) fined the company $ 3.3 million in April…
Central Bank of Morocco works on cryptocurrency framework law
Abdellatif Jouahri, governor of the central bank of Morocco, stated that a committee is working to establish an appropriate framework law to regulate cryptocurrencies that allows combining innovation, technology and consumer protection.…
Biden will respect the autonomy of the Federal Reserve
Joe Biden, president of the United States, met Jerome Powell, president of the central bank, to discuss issues related to the economy and has promised to respect the autonomy and independence of the Federal Reserve in managing and…
The Bank of Mexico increases the interest rate to 7%
The majority of the members of the Bank of Mexico decided to increase the reference interest rate by 50 basis points to reach 7%. Four of the five leaders of the financial entity voted for the eighth consecutive increase in the face of…