Bank of England Adviser: Cryptocurrencies Fail Basic Financial Tests, Lack Value

Huw van Steenis, senior adviser to Bank of England’s (BOE) Governor Mark Carney, told Bloomberg in an interview Monday, Jan. 21, that cryptocurrencies fail fundamental financial tests. Van Steenis joined BOE in 2018, having previously worked at Schroders and Morgan…

Ukraine: Overregulation Prevents Crypto Development, Says Central Bank Official

Overregulation in Ukraine is reportedly preventing the cryptocurrency industry from evolving in the country. An official of the Ukrainian central bank (NBU) told this to a local crypto news outlet LetKnow Tuesday, Jan. 8. Mikhail Vidyakin, the director of the…

UK Blockchain Startup to Enter EU Settlement System After French Regulator’s Approval

U.K. blockchain startup Setl is about to enter an E.U. settlement system after receiving approval from the French securities regulator to run a central securities depository, the Financial Times (FT) writes Tuesday, Oct. 23. Setl, which develops blockchain solutions for…

Bank of Japan: Central Bank-Issued Digital Currencies Are Not an Effective Economic Tool

The Bank of Japan’s (BOJ) deputy governor Masayoshi Amamiya has recently reiterated his negative stance towards central bank-issued digital currencies (CBDC), the New York Times reports Oct. 20. Speaking on Saturday at a meeting in Nagoya, central Japan, Amamiya expressed…

Singapore: Regulator Plans to Smooth Over Banking Ties With Crypto Businesses

The head of Singapore’s financial regulator and de facto central bank said he wants to “bring together” banks and crypto businesses after complaints about banking support, Bloomberg reports Wednesday, Oct. 10. Speaking in an interview, Monetary Authority of Singapore (MAS)…

China: Central Bank’s Digital Currency Lab Launches Research Center in Eastern Province

China’s central bank, the People’s Bank of China (PBoC), is extending the activities of its Digital Currency Research Lab beyond the country’s capital, local media outlet CNstock reports September 5. The news reveals that the lab has opened a new…

Dutch Central Bank Advisor: Bitcoin Price Changes With Google Search Activity

A policy advisor for the Netherlands’ central bank has claimed that Bitcoin price changes coincide with Google searches for the cryptocurrency, CNBC reports Friday, August 31. In an interview with the network Wednesday, De Nederlandsche Bank’s Joost van der Burgt…

Blockchain Startup Signs MOU With Central Bank of Curaçao and Sint Maarten

Barbados-based fintech startup Bitt Inc. has signed a Memorandum of Understanding (MOU) with the Central Bank of Curaçao and Sint Maarten (CBCS) to research the possibility of issuing a digital guilder, according to an August 12 press release. The parties…