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24 Mar 23

UAE central bank rolls out CBDC strategy

The Central Bank of the United Arab Emirates (CBUAE) has released its CBDC strategy. R3 and G42 Cloud have been chosen as the infrastructure and technology providers, with the first phase of the CBDC implementation expected to be completed within the next 15 months. The UAE commences CBDC implementation The UAE has officially entered the […]

26 Jan 23

Irish Central Bank head wants crypto ad ban

The head of the Central Bank of Ireland, Gabriel Makhlouf, has advocated for a ban on cryptocurrency-related advertising. Cryptocurrency ads associated with ‘ponzi schemes’ Makhlouf believes that investing in cryptocurrencies that are not backed by any traditional assets is gambling and claims that advertisements that promote cryptocurrency projects often expose investors to high-risk investments and […]

22 Jan 23

Central African Republic creates task force to draft crypto bill

The Central African Republic (CAR) government has given a 15-member team the task of drafting a crypto bill. The crypto committee is required to develop a legal structure and an ecosystem model for its citizens’ utilization of cryptocurrencies and other tokens. Crypto can help solve the country’s financial problems, CAR President denotes Faustin-Archange Touadera, the […]

06 Jan 23

French central bank exec urges to license crypto firms before MiCA

In what may be a setback for a sector looking to establish its foothold in Europe, Bank of France Governor Francois Villeroy de Galhau has suggested stricter regulatory standards for cryptocurrency firms. Villeroy’s request follows a recent amendment by Hervé Maurey, a member of the Senate Finance Commission, to remove a provision allowing businesses to […]

03 Jan 23

Morocco’s central bank announces draft crypto law

The governor of Bank Al-Maghrib (BAM), Abdellatif Jouahiri, told the media a Moroccan draft crypto law that aims to shield people from the risks associated with cryptocurrency trading is ready. Jouhari, in an interview, spoke about the BAM’s process for creating the document and the upcoming conversations with other authorities; he said he is confident […]

21 Dec 22

Kazakhstan’s central bank to begin CBDC rollout from 2023 to 2025

The Kazakhstan Central bank have succeeded in the second phase of testing its Central Bank Digital Currency (CBDC) compatibility and functionality with the country’s economy, and are set to begin rollout from 2023 to 2025. With this move, the CBDC is set to become a vital part of Kazakhstan’s economy as from 2025. The central […]