Central Bank

Kenyan Govt. Seeks Regulation Of ‘Exploitative’ Mobile Lenders
Kenyan Govt. Seeks Regulation Of ‘Exploitative’ Mobile Lenders
October 24, 2019  |  Regulation

The Kenyan National Assembly is considering a law that would make mobile lenders in the country subject to central bank oversight, which would force them...

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Russian Central Bank Says ‘Nyet’ To Digital Crypto
Russian Central Bank Says ‘Nyet’ To Digital Crypto
October 10, 2019  |  International

The Chief of Russia’s Central Bank Elvira Nabiullina said she doesn’t see any pertinent or obvious reason to create a national digital currency, according to...

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Venezuela Readies Central Bank Crypto Payments
Venezuela Readies Central Bank Crypto Payments
September 30, 2019  |  Cryptocurrency

Venezuela’s central bank is getting ready to pull the trigger on cryptocurrency payments. President Nicolas Maduro said in a televised press conference that the government...

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New Netherlands Regs Could Ban Foreign Crypto Firms
New Netherlands Regs Could Ban Foreign Crypto Firms
September 12, 2019  |  Cryptocurrency

There are many forms of nationalism. Ethnic nationalism. Cultural nationalism. Now comes cryptocurrency nationalism? We are being a bit tongue in cheek here, but perhaps just...

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Lower Bank Reserve Requirement Frees Up $126B For SMB Lending In China
Lower Bank Reserve Requirement Frees Up $126B For SMB Lending In China
September 06, 2019  |  International

To bolster the country’s economy, the central bank of China said it was reducing the amount of cash that banks need to have as reserves for...

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EU Central Bank Taps Former Goldman Sachs Banker As Regulator
EU Central Bank Taps Former Goldman Sachs Banker As Regulator
July 11, 2019  |  Banking

The European Central Bank (ECB) has brought on Elizabeth McCaul as a banking supervisor, according to a report by Reuters. McCaul is a former banker...

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Irish Central Bank Fines Wells Fargo 5.9M Euros
Irish Central Bank Fines Wells Fargo 5.9M Euros
July 05, 2019  |  Banking

Ireland’s central bank has fined Wells Fargo 5.9 million euros, according to a report by Reuters. The fine is the second biggest ever issued by...

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German Central Bank Head Warns About Crypto Use
German Central Bank Head Warns About Crypto Use
June 21, 2019  |  Cryptocurrency

The head of Germany’s central bank warned about stablecoins, which are cryptocurrencies tied to traditional currencies, according to a report by Reuters. Jens Weidmann said...

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China Aims To Fight Money Laundering With Int’l Cooperation
China Aims To Fight Money Laundering With Int’l Cooperation
June 19, 2019  |  International

In an effort to clamp down on cross-border money laundering, the People’s Bank of China (PBOC) plans to bolster cooperation with other nations such as...

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