Auto Added by WPeMatico

The Central Bank of Colombia Is Studying the Creation of a Digital Currency

The Central Bank of Colombia is studying the launch of a digital currency, according to statements made by its manager, Leonardo Villar. The organization is evaluating the launch of this…

Continue ReadingThe Central Bank of Colombia Is Studying the Creation of a Digital Currency

Colombia Plans to Launch Digital Currency to Reduce Tax Evasion

The government of Colombia revealed it has plans to launch a digital currency. One of the purposes of this new currency would be to curb tax evasion and enhance the…

Continue ReadingColombia Plans to Launch Digital Currency to Reduce Tax Evasion

Reserve Bank of Zimbabwe ‘Developed a Roadmap for Adoption of CBDC,’ Says Governor

The governor of the Zimbabwean central bank, John Mangudya, recently said his organization “has developed a roadmap for adoption of CBDC [central bank digital currency] in Zimbabwe.” Mangudya also revealed…

Continue ReadingReserve Bank of Zimbabwe ‘Developed a Roadmap for Adoption of CBDC,’ Says Governor

Bank of Russia Aims for Full Launch of Digital Ruble in 2024

The Central Bank of Russia plans to begin the comprehensive implementation of the digital ruble two years from now, according to a paper detailing its monetary policy priorities for the…

Continue ReadingBank of Russia Aims for Full Launch of Digital Ruble in 2024

Crypto Trading, Investing Illegal in Iran, Central Bank Governor Reiterates

It is illegal to buy or sell cryptocurrency in Iran, the head of the country’s monetary authority has recently reminded citizens and businesses. The governor noted, however, that mining cryptocurrencies…

Continue ReadingCrypto Trading, Investing Illegal in Iran, Central Bank Governor Reiterates

Central African Republic President Says Successful Launch of Sango Coin a Key Milestone

According to Central African Republic President Faustin-Archange Touadéra, his country’s launch of the “Sango coin” currency, as well as the call for the creation of a common digital currency by…

Continue ReadingCentral African Republic President Says Successful Launch of Sango Coin a Key Milestone

UAE Now Requires Agents to Report Real Estate Transactions Where Virtual Currency Is Used as Payment

The United Arab Emirates (UAE) has said it now requires real estate agents, brokers, and law firms to report to the Financial Intelligence Unit real estate transactions in which virtual…

Continue ReadingUAE Now Requires Agents to Report Real Estate Transactions Where Virtual Currency Is Used as Payment

Reserve Bank of Australia to Pilot Digital Currency, Explore Use Cases

The monetary authority in Australia is beginning research into the potential economic benefits of issuing a central bank digital currency. Within the project, the regulator hopes to identify use cases…

Continue ReadingReserve Bank of Australia to Pilot Digital Currency, Explore Use Cases