Central Bank
Bank of Japan will test digital yen with three megabanks
Bank of Japan is working with three megabanks and regional banks to issue CBDCs. The pilot will test the issue of Japan's digital yen in 2023. 2026 ruling on digital currency.
Russian law legalises crypto mining, sales under 'experimental legal system'
Cryptocurrency mining and sale of the cryptocurrency mined could be legal in Russia if a bill is passed by parliament. A Russian platform for cryptocurrency sales will be set up if the law is passed, and Russian miners will be able to use foreign platforms. Russian currency controls and regulations would not apply to the transactions, but they would have to be reported to the Russian tax service.
UAE's Central Bank Completes Wholesale CBDC Pilot Program
UAE's Central Bank has completed running its wholesale CBDC trials, readying for the next development phase.
South Africa's Monetary Authority Ask Banks to Work with Crypto Exchanges
South Africa’s Central Bank has released new guidelines stating that banks in the country may act as a channel for funds tied to crypto asset service providers.
Philippines Central Bank to Suspend Issuing Licenses to New Virtual Asset Service Firms
The central bank said it will stop processing licenses for new virtual asset services providers (VASP) for three years.
SARB to Introduce Crypto Regulation
South Africa has changed their mind in terms of crypto regulation. The regulator intends to introduce a legal framework to govern the use of cryptocurrencies in the country.
Central African Bank Regulator Announces Nationwide Crypto Ban
The Central Bank’s latest move in Central Republic Africa is contrary to the government’s announcement that Bitcoin is a legal tender in the nation.
Sudan’s Central Bank Warns Citizens against Crypto
The Central Bank has cautioned citizens against investing in crypto, which now has gained much popularity among investors across the globe.
Bank of Tanzania Preparing for the Launch of CBDC
The Bank of Tanzania is preparing to start exploring a possible launch of a central bank digital currency (CBDC). The central bank termed the move inspired by Nigeria’s central bank launch of its national digital currency.
Turkish Central Bank Announces Partnership with Technology Firms to Develop CBDC
Turkey’s central bank has expanded its commitment towards launching a CBDC. The monetary authority has formed partnerships with technology firms to develop a prototype of a national digital currency.