Morocco’s Central Bank to Legalize Cryptocurrencies —Report
More countries are developing crypto regulatory frameworks based on Europe’s upcoming MiCA regulations. Morocco is reportedly moving toward the legalization of cryptocurrencies, reversing a nationwide ban imposed in 2017. Central Bank Drafts Crypto Legislation According to Reuters , Morocco’s central bank, Bank Al-Maghrib, has prepared a draft law for regulating cryptocurrency, which is now under […]
Australia’s Central Bank Unveils 3-Year Wholesale CBDC Roadmap
The Reserve Bank of Australia has announced a three-year plan to develop a wholesale CBDC, focusing on digital money and infrastructure. A three-year proposal to establish a wholesale central bank digital currency (CBDC) has been unveiled by the Reserve Bank of Australia (RBA). Assistant Governor Brad Jones presented the bank’s priorities on September 18, 2024, […]
Qatar Reveals Regulatory Framework for Digital Assets
Qatar’s central bank governor believes the framework will benefit the country’s financial sector. The Qatar Financial Centre (QFC), a business hub based in Doha, Qatar, has introduced a detailed set of regulations for managing and establishing digital assets. The Qatar Financial Centre Authority (QFCA) and the Qatar Financial Centre Regulatory Authority (QFCRA), the QFC’s regulatory […]
New Zealand Central Bank Governor’s View on Stablecoin Stability
According to a New Zealand central banker, the stability of stablecoins is dependent on the issuer’s financial health and balance sheet. New Zealand central bank governor Adrian Orr has expressed grave concerns regarding digital assets, stablecoins in particular. He stated that fiat-pegged stablecoins could never serve as an equivalent to physical fiat currency. Misconceptions About Stablecoin […]
Colombia Central Bank Recommends Limiting CBDC Holdings, Spending
According to the Central Bank of Colombia, restricting CBDC transactions may help with concerns over user security and privacy. The central bank of Colombia believes that restricting transactions involving a potential central bank digital currency (CBDC) could enhance user security and privacy. Although the bank has not decided on creating a CBDC, it sees benefits […]