Tag: Central Bank
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HKMA reveals a wholesale central bank digital currency project
The Hong Kong Monetary Authority (HKMA) has announced plans to develop a wholesale central bank digital currency (CBDC). This project is part of Hong Kong’s ongoing efforts to explore the benefits and risks of a digital currency issued by a central bank. The HKMA aims to collaborate with the banking sector and other stakeholders to…
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Qatar Central Bank to launch an instant payment service
The Qatar Central Bank has announced that it will be launching an instant payment service, allowing individuals and businesses in Qatar to make immediate payments to one another. This new service will allow for faster and more efficient transactions, making it easier for consumers to send money to friends and family, as well as…
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Philippines announces non-blockchain CBDC plans
The Central Bank of the Philippines has made an exciting announcement regarding the introduction of a Central Bank Digital Currency (CBDC). However, what sets their plans apart from other countries’ initiatives is that the Philippine CBDC will not be powered by blockchain technology. CBDCs are digital forms of a country’s official currency that are issued…
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Banque Centrale de Tunisie joins PAPSS
The Banque Centrale de Tunisie, also known as the Central Bank of Tunisia, has recently announced its membership in the Pan-African Payment and Settlement System (PAPSS). This significant development highlights Tunisia’s commitment to fostering financial integration and enhancing cross-border payment processing across the African continent. The Pan-African Payment and Settlement System (PAPSS) was established by…
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Central Bank publishes new Pix Automatic operating rules
The Central Bank has recently announced the publication of the new Pix Automatic operating rules, which aim to enhance the efficiency and safety of instant payment transactions through the Pix system. Pix Automatic is a groundbreaking service that allows users to schedule recurring payments, creating a seamless and convenient experience for individuals and businesses alike.…
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Singapore Central Bank to tighten crypto speculation rules, eases investment qualifications
Singapore Central Bank to Tighten Crypto Speculation Rules, Eases Investment Qualifications The Monetary Authority of Singapore (MAS), the country’s central bank and financial regulatory authority, has announced new measures to tighten regulations surrounding cryptocurrency speculation while simultanesously relaxing investment qualifications for individuals. The move comes amidst increasing concerns about the potential risks associated with digital…
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Qatar Central Bank issues the Loan-Based Crowdfunding Regulation
Qatar Central Bank recently announced the implementation of the Loan-Based Crowdfunding Regulation in an effort to stimulate financial innovation while ensuring investor protection. This move comes as part of Qatar’s ongoing efforts to diversify its economy and boost the growth of small and medium-sized enterprises (SMEs). Key Highlights of the Regulation: 1. Investor Safeguards: The…
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Central Bank of the UAE and Central Bank of Egypt join forces
Central Bank of the UAE and Central Bank of Egypt join forces The Central Bank of the UAE and the Central Bank of Egypt have recently announced a strategic partnership with the aim of strengthening economic and financial cooperation between the two nations. This collaboration marks a significant milestone in the bilateral relationship between the…