Central Bank – Page 48 – Miami Crypto Coin

US Faces More Inflation Woes as CPI Hits Highest Record in 30 Years

Post author:MiamiCrypto
Post published:November 11, 2021
Post category:Biden Administration buckling supply chain Central Bank Consumer Debt Consumers CPI CPI Inflation Economics Edward Snowden empty shelves Federal Reserve food inflation gas inflation gas prices government spending inflation inflation crisis Inflation pressures Joe Biden Justin Amash New York Fed Purchasing Power supply chains the fed transitory

U.S. inflation continues to roar higher as this week’s data from the consumer price index (CPI) jumped 6.2% from a year ago. Americans are concerned as the Federal Reserve has…

Digital Ruble to Give Russians What They Need, Bank of Russia Governor Says

Post author:MiamiCrypto
Post published:November 11, 2021
Post category:Bank of Russia Bitcoin CBDC CBDCs Central Bank Chair chairwoman Crypto Cryptocurrencies Cryptocurrency Digital Currency digital ruble Elvira Nabiullina Fiat Finance financial stability Governor legal tender money money surrogates Nabiullina Payments ruble Russia russian Stablecoins

The digital ruble is what Russian citizens need as it will facilitate inexpensive and reliable payments, the head of Bank of Russia, Elvira Nabiullina, told participants in an international banking…

Chinese retail giant JD accepts digital yuan payments for Singles Day

Post author:MiamiCrypto
Post published:November 11, 2021
Post category:CBDC Central Bank China Fiat Money Payments People's Bank of China shopping

Some 450,000 JD.com customers have used China’s digital yuan for payments as of June 2021.

Nigerian banks tracking customer accounts for crypto trading

Post author:MiamiCrypto
Post published:November 11, 2021
Post category:Bitcoin Regulation Central Bank Nigeria

Personal accounts with large multi-day inflow and outflow are being tracked per an order by the country's central bank.

Russian Officials Back Idea of Recognizing Crypto Miners as Entrepreneurs

Post author:MiamiCrypto
Post published:November 10, 2021
Post category:Anatoly Aksakov Bank of Russia budget receipts Central Bank Crypto crypto miners Crypto mining Cryptocurrencies Cryptocurrency Electricity entrepreneurial activity entrepreneurs idea income Miners Mining ministries parliament rates Regulation Regulations revenues rules Russia russian Russian Federation State Duma tariffs tax Taxation

Cryptocurrency mining should be recognized as an entrepreneurial activity under Russian law and taxed accordingly, representatives of key ministries in Moscow and the parliament have indicated. Officials believe the regulatory…

Zimbabwe minister signals CBDC interest amid Bitcoin adoption rumors

Post author:MiamiCrypto
Post published:November 10, 2021
Post category:Africa CBDC Central Bank South Africa study Zimbabwe

Minister Monica Mutsvangwa clarified that Zimbabwe is not considering the adoption of cryptocurrencies or Bitcoin.

Russia to change laws for digital ruble, while central bank mulls 2022 prototype

Post author:MiamiCrypto
Post published:November 9, 2021
Post category:Bank of Russia CBDC Central Bank Digital Currency Russia

Russian lawmakers will reportedly begin working on the legal adjustments needed to implement the digital ruble plan scheduled for early 2022.

Retail-focused Singaporean CBDC to hedge against privately issued stablecoins

Post author:MiamiCrypto
Post published:November 9, 2021
Post category:CBDC Central Bank Singapore Stablecoin

The retail CBDC will be developed in partnership with private entities, which “would be the digital equivalent of today’s notes and coins.”

Nigeria’s central bank reportedly freezes crypto traders’ accounts

Post author:MiamiCrypto
Post published:November 8, 2021
Post category:Banks Business Central Bank Cryptocurrencies Nigeria trading

In February, the CBN banned banks from servicing crypto exchanges in the country, citing concerns including volatility, money laundering, and the financing of terrorism.

Russia to Change 13 Laws and Codes for Digital Ruble

Post author:MiamiCrypto
Post published:November 8, 2021
Post category:Aksakov amendments Anatoly Aksakov Bank Bank of Russia Banks CBDC CBR Central Bank Changes codes Crypto Cryptocurrencies Cryptocurrency Digital Currencies Digital Currency digital ruble Economy Ministry Experiment Finance law lawmakers Laws Legislation parliament pilot project Regulations ruble rules Russia russian Stablecoins State Duma Test Trial

Authorities in Russia are gearing up to amend various pieces of legislation to facilitate the issuing and function of the digital ruble. Officials in Moscow believe this version of the…