All by tag: CentralBank

The goal is to protect the financial system and mitigate the risks associated with cryptocurrency adoption

Minister Piyush Goyal said India’s new digital currency will run on blockchain technology and ensure secure and transparent payments

The initiative aims to expand the global influence of the digital yuan

After June 30, fines and prison sentences will be imposed for violating the rules

The regulator stated that the asset does not have the necessary credit rating and does not have sufficient liquidity

At the same time, the Central Bank reminded that it still does not consider cryptocurrency as a means of payment

A final decision to launch the asset will be made after 2026 based on research, public feedback, and regulatory considerations

Qualifying issuers will be able to cover up to 50% of the costs

According to Neel Kashkari, digital assets are predominantly used to buy drugs

The Central Bank banned such operations back in 2020

41% of countries expect to launch their own national cryptocurrencies by 2028

The Central Bank urged banks to refrain from providing any services related to virtual assets