The manager of the Central Bank of Ecuador, Guillermo Avellán, reported that the institution is working on a draft to apply cryptocurrency regulations in the country.
Avellán also spoke about the advances in digital assets in comparison with neighboring nations such as Colombia and Peru, who are…
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central bank
Banks of the world increase their gold reserves
The central banks of the world are increasing their gold reserves, and at the same time lowering the amount of dollars in recent decades.
Recent data from the World Gold Council reveals that gold reserves in 2021 reached their highest…
IMF raises principles to regulate cryptocurrencies
The International Monetary Fund (IMF) considers it essential to create a regulatory framework for cryptocurrencies. That is why he published on his official blog some considerations that can serve as a reference to establish laws and…
Costa Rica proposes 13 % tax on cryptocurrencies
Costa Rica proposes a 13 % tax on cryptocurrencies. The Costa Rican General Directorate of Taxation proposes to collect the tax on cryptocurrencies equivalent to a 13 % value added tax (VAT) for the purchase of crypto assets.
Additionally,…
Tiff Macklem: “Bitcoin is not a digital currency”
Tiff Macklem, governor of the Central Bank of Canada was emphatic in indicating that Bitcoin "is not a digital currency" because, in his opinion, it is not a cryptocurrency frequently for the acquisition of products. It is an "investment…
Pakistan supreme court orders to regulate cryptocurrencies
The Sindh High Court, SHC, asked the government to draw up guidelines that allow the regulation of cryptocurrencies. The decision was made during a petition to challenge the decree, issued in 2018, on the prohibition of cryptocurrencies in…
Costa Rica shows tolerance and vigilance towards bitcoin
Rodrigo Cubero Brealey, president of the Central Bank of Costa Rica (CBCR), reported the creation of an innovation center on the Fintech and cryptocurrency sector, which will aim to analyze the related aspects inherent to the development of…
Turkey will not accept private cryptocurrencies
Recep Tayyip Erdogan, President of the Republic of Turkey, stated in a meeting with university students that his country has no intention of protecting any type of private digital asset in his territory.
Erdogan was emphatic and expressed:…
IMF appoints Brazilian Illan Goldfajn as director of the Western Hemisphere
The International Monetary Fund (IMF) announced that Illan Goldfajn will assume the position of director for the Western Hemisphere department from January 2022. He will replace Alejandro Werner, who retired last August after eight years in…
More countries will embrace cryptocurrencies as part of their monetary policy
The founder of Cardano, Charles Hoskinson, prophesied that different nations of the world will end up assuming the El Salvador model and “in the coming years, many more countries will use cryptocurrencies as part of their monetary policy,…
Russia is not ready to take on Bitcoin as official currency
The official representative of the President of Russia, Dmitry Peskov, was emphatic in pointing out that his country “has no reason to recognize Bitcoin as legal tender”, reiterating the opposite position of the government of Vladimir…
Banks remain closed in Kabul
The prices of goods have been gradually increasing in the Afghan capital, Kabul, whose banks have been closed since the arrival of the Taliban group last week.
According to information from the Afghan media, both banking institutions and…