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 controlling inflation.
The meeting was held in the framework of the…
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central bank
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…
China law recognizes crypto as protected property
The legal aspects related to the cryptocurrency market in China are bound to take a significant turn as a result of the ruling made by a higher court in that country that admits that Bitcoin is a property protected by law.
The decree is…
Spain mobilized 60,000 million euros in cryptocurrencies
A report from the Bank of Spain highlights that approximately 60,000 million euros was the volume of transactions executed with cryptocurrencies during 2021 in Spain, which is equivalent to about 1,275 euros per inhabitant and represents 10…
Russia introduced draft law on digital currencies
The Russian Ministry of Finance has sent a draft law for the regulation of digital currencies to the national government that aims to establish the legal bases for the cryptocurrency market and the rules for its circulation in the country.…
Central Bank of Ecuador works on regulations for cryptocurrencies
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…
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…