Category: central
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Bitcoin isn’t a worthy reserve asset, Swiss central bank president says: Report
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It is said that the President of the Swiss National Bank (SNB) Martin Sheliel does not want to make Bitcoin backup assets in Switzerland – noting instability and concerns related to liquidity and security risks. Sildel’s position opposes a suggestion from Swiss Bitcoin Think Tank 2B4CH and other Bitcoin defenders…
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Czech Central Bank Head Wants To Buy Bitcoin With 5% Reserve Allocation
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The Czech National Bank (CNB) is considering a pioneering shift in its investment strategy by looking at allocating up to 5 % of its bitcoin reserves. This potential step, led by Governor Alice Michel, can place CNB as the first main central bank in the West to hold digital assets.…
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Czech Central Bank Head Wants To Buy Bitcoin With 5% Reserve Allocation
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The Czech National Bank (CNB) is considering a pioneering shift in its investment strategy by looking at allocating up to 5 % of its bitcoin reserves. This potential step, led by Governor Alice Michel, can place CNB as the first main central bank in the West to hold digital assets.…
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President Trump Signs Executive Order To Ban Central Bank Digital Currencies (CBDC)
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US President Donald Trump today signed an Executive Order (EO) related to Bitcoin and cryptocurrencies, titled “Strengthening US Leadership in Digital Financial Technology.” This executive office officially prohibited the creation and issuance of a central bank digital currency (CBDC) in the United States, and defined a CBDC as “a form…
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President Trump Signs Executive Order To Ban Central Bank Digital Currencies (CBDC)
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US President Donald Trump today signed an Executive Order (EO) related to Bitcoin and cryptocurrencies, titled “Strengthening US Leadership in Digital Financial Technology.” This executive office officially prohibited the creation and issuance of a central bank digital currency (CBDC) in the United States, and defined a CBDC as “a form…
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Thai Government Suffers Setback in Bid to Sway Central Bank
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Breadcrumb links BMN Business The Thai government’s campaign to pressure the Bank of Thailand to cut interest rates has suffered a major setback, with the State Council Office effectively ruling that the official nominee for bank president, former Finance Minister Kitirat Na Ranong, is unsuitable. Article writer: Bloomberg News Pathum…
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British Firm Opens Innovative Facility in Central Asia, Led by Ovik Mkrtchyan
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British company GOR Investment has announced the launch of an innovative production facility in Central Asia. The new plant, located in Uzbekistan, will produce nanopowder of high-purity molybdenum trioxide. One of the project initiators, Technano Innovation, led by businessman Ovik Mkrtchyan, believes the project has the potential to boost demand…
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Russian central bank takes desperate stand to halt collapsing ruble and fierce inflation
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In an attempt to stave off severe inflation, the Russian Central Bank has suspended all foreign currency purchases for the remainder of the year, while actively selling the Chinese yuan, in the hope of supporting the ruble. The ruble – currently worth a fraction of a penny – hit lows…
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Russian central bank moves to halt collapsing ruble amid inflation
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In an attempt to stave off severe inflation, the Russian Central Bank has suspended all foreign currency purchases for the remainder of the year, while actively selling the Chinese yuan, in the hope of supporting the ruble. The ruble – currently worth a fraction of a penny – hit lows…
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Russian central bank moves to halt collapsing ruble amid inflation
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In an attempt to stave off severe inflation, the Russian Central Bank has suspended all foreign currency purchases for the remainder of the year, while actively selling the Chinese yuan, in the hope of supporting the ruble. The ruble – currently worth a fraction of a penny – hit lows…
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Morocco To Legalise Bitcoin And Crypto: Central Bank Chief
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Morocco is preparing to lift its long-standing ban on Bitcoin and cryptocurrencies, signaling a major shift in the country’s financial policy. according to ReutersAbdellatif Jouahri, Governor of the Bank of Morocco (BAM), announced that a draft law regulating crypto-assets is in the final stages of adoption. Al-Jawahiri said, during an…
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Morocco To Legalise Bitcoin And Crypto: Central Bank Chief
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Morocco is preparing to lift its long-standing ban on Bitcoin and cryptocurrencies, signaling a major shift in the country’s financial policy. according to ReutersAbdellatif Jouahri, Governor of the Bank of Morocco (BAM), announced that a draft law regulating crypto-assets is in the final stages of adoption. Al-Jawahiri said, during an…
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Argentina’s Central Bank Exhibits Bitcoin Mining: Here’s Why
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The Central Bank of Argentina (BCRA) has unveiled a unique art exhibition at the Hector Carlos Janson Historical and Numismatic Museum with a spotlight on Bitcoin. The exhibition, titled “Art, Artificial Intelligence and the Future of Economics,” represents the first global case in which actual destroyed currencies from various countries…
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Argentina’s Central Bank Exhibits Bitcoin Mining: Here’s Why
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The Central Bank of Argentina (BCRA) has unveiled a unique art exhibition at the Hector Carlos Janson Historical and Numismatic Museum with a spotlight on Bitcoin. The exhibition, titled “Art, Artificial Intelligence and the Future of Economics,” represents the first global case in which actual destroyed currencies from various countries…
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Bitcoin Potential For Monetary Policy Sparks Growing Interest Among Central Banks
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This article is also available in Spanish. Bitcoin, the world’s first cryptocurrency, was designed to serve as a cash or payment option outside anyone’s control. The use of cryptocurrencies, which are decentralized and peer-to-peer, removes the involvement of third parties, such as central banks. This promise of Bitcoin has redefined…
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Bitcoin Potential For Monetary Policy Sparks Growing Interest Among Central Banks
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This article is also available in Spanish. Bitcoin, the world’s first cryptocurrency, was designed to serve as a cash or payment option outside anyone’s control. The use of cryptocurrencies, which are decentralized and peer-to-peer, removes the involvement of third parties, such as central banks. This promise of Bitcoin has redefined…
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Will Norway Go Digital? Central Bank To Decide On CBDC Next Year
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Next year, Norges Bank, Norway’s central bank, will make a major decision on whether to create its own CBDC, or central bank digital currency. According to Deputy Governor Pal Lungva, the central bank was heading towards… Finalizing the recommendationalthough it was not necessary to speed up the work immediately. In…
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Singapore’s central bank meets Monday, expected to maintain steady policy
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The Monetary Authority of Singapore (MAS) is the country’s central bank. The policy meeting is scheduled to be held on Monday, October 14. MAS is expected to maintain policy stability: Nine out of 10 analysts polled by Reuters expect the Monetary Authority of Singapore to keep its policy unchanged at…
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Singapore’s central bank meets Monday, expected to maintain steady policy
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The Monetary Authority of Singapore (MAS) is the country’s central bank. The policy meeting is scheduled to be held on Monday, October 14. MAS is expected to maintain policy stability: Nine out of 10 analysts polled by Reuters expect the Monetary Authority of Singapore to keep its policy unchanged at…