Central Bank of Samoa: Crypto Companies Will be Treated as Financial Institutions

The Central Bank of Samoa has warned that individuals who promote cryptocurrencies in the island nation will be subjected to the same treatment as financial institutions. According to a statement issued by the reserve bank of Samoa, promoters of cryptocurrency will have to abide by the country’s existing legislation on money laundering. Consequently, such cryptocurrency … Continued The post Central Bank of Samoa: Crypto Companies Will be Treated as Financial Institutions appeared first on CCN

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India’s Central Bank Quietly Forms New Cryptocurrency, Blockchain Research Unit

The Reserve Bank of India (RBI) has reportedly established a new internal unit dedicated to researching and regulating new emerging technologies, specifically cryptocurrency, blockchain and artificial intelligence (AI). Holding back on a formal announcement, the RBI has discreetly formed a new unit to research and possibly supervise disruptive technologies through draft rules in the future, The post India’s Central Bank Quietly Forms New Cryptocurrency, Blockchain Research Unit appeared first on CCN

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America’s Oldest Central Bank, Bitcoin Startup Partner to Explore Digital Currency

The Central Bank of Curacao and Sint Maarten (CBCS) has announced a partnership with blockchain technology firm Bitt aimed at exploring the issuance of a digital currency for Curacao and Sint Maarten island nations. Per the chief executive of Bitt, Rawdon Adams, a digital currency will be especially relevant to the two countries, which are The post America’s Oldest Central Bank, Bitcoin Startup Partner to Explore Digital Currency appeared first on CCN

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‘Project Inthanon’: Thailand Will Trial Central Bank Digital Currency

Thailand’s central bank chief has confirmed research into a number of blockchain applications in banking including Project Inthanon involving a central bank digital currency used for interbank settlements. In a speech [PDF] centered on Thailand’s economy at a financial summit in Singapore on Tuesday, Bank of Thailand (BoT) governor Veerathai Santiprabhob revealed a broad effort The post ‘Project Inthanon’: Thailand Will Trial Central Bank Digital Currency appeared first on CCN

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