Banco de Portugal, the country’s central bank, issued operational licenses to two local crypto exchanges for the first time ever, a notice on the site shows. Receiving the licenses were Lisboa-based Criptoloja and Braga-based Mind The Coin. “It was a long way. Being the first regulated exchange in Portugal means a lot,” said Pedro Borges, […]Read More
An official of the Central Planning Bureau (CPB), an independent, publicly financed policy arm that advises the government of the Netherlands, said today that Bitcoin and other cryptocurrencies should be banned in the country. The director of the ‘Centraal Plan Bureau’ (CPB), an economic research institute that advises the Dutch government, wrote an essay that […]Read More
Bitcoin dropped 9% on Tuesday morning even as Central American leaders switched to ‘laser eyes’ this week, data from multiple sources shows. The sentiment is arguably bearish, as the dumps come off the back of nation-states moving to adopt the asset and analytics provider MicroStrategy announcing a $400 million private note round to acquire even […]Read More
Regulatory oversight would soon creep into the burgeoning crypto sector even as they currently continue to largely operate in a legal gray area, said the governor of Riksbank, Sweden’s central bank, on Monday. Risks, money laundering, and crypto Riksbank is the world’s oldest central bank and the third-oldest bank. It oversees monetary policies and Krona […]Read More
Derville Rowland, Ireland Central Bank’s Director-General for Financial Conduct, said in an interview with Bloomberg today that cryptocurrencies such as Bitcoin are “of great concern.” The bank’s official also addressed crypto investors saying “crypto-assets are quite a speculative, unregulated investment,” warning them to be “really aware they could lose the whole of that investment.” One […]Read More
According to local news reports, the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, says he will “allow” the trading of Bitcoin and other cryptocurrencies. In February this year, CBN Director Bello Hassan signed a letter warning monetary service providers of severe regulatory sanctions if they dealt with cryptocurrency exchanges. Aside from hitting a $2.5 […]Read More
Netherlands-based crypto exchange Bitonic today announced that a recent court order has convinced the Dutch Central Bank (DNB) to withdraw its demands for “unlawful and onerous” user verification requirements such as mandatory wallet screenshots. “After reconsideration, DNB comes to the conclusion that this interpretation of Article 2, second paragraph, RtSw, given by DNB, does not […]Read More
If global central banks are any indicator, the bitcoin price can continue its supersonic bull run despite hitting a pause in the past three weeks. At the core of the bullish theory is the US dollar. True, the global store of value has attempted impressively to emerge out of its 2020 bearish trend, the one […]Read More
The Central Bank of Argentina is asking local banks to scrutinize clients that hold Bitcoin and other cryptocurrencies and engage in business or trading activities using the assets, local news reports from last week showed. Argentina’s Central Bank (the one with 50% annual inflation) is requesting banks to complete a sheet to identify clients known […]Read More
The Central Bank of Nigeria (CBN) reminded financial service businesses that dealing with cryptocurrency is prohibited. The letter, signed by Director Bello Hassan, warned of severe regulatory sanctions for those failing to meet the directive. Hassan says monetary service providers must identify on/off ramping and immediately close accounts associated with the action. “Accordingly, all DMBs, […]Read More
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