The Swiss National Bank (SNB) and Bank for International Settlements (BIS) have signed an agreement to cooperate on the BIS Innovation Hub Centre in Switzerland. Two major projects According to a news release on Oct. 8, the BIS’s first three innovation hubs…
The Republic of Burundi, a landlocked African nation, banned all cryptocurrencies within its borders. According to a statement made by the Bank of the Republic of Burundi, the country’s central bank, the measure was taken as an act of consumer protection. “These…
The Central Bank of Brazil has moved to classify bought or sold cryptocurrency assets per International Monetary Fund (IMF) guidelines. Brazil’s central bank announced its decision on Aug. 26. With the new classification under IMF standards, traded cryptocurrencies will be classified as non-financial…
Rwanda’s central bank is studying the development and issuance of its own digital currency. The National Bank of Rwanda (NBR) is looking at other research conducted by central banks on the topic, specifically the Royal Bank of Canada, De Nederlandsche…