Nigeria forlænger fristen for returnering af Naira-sedler, der snart vil blive demonetiseret

After initially ignoring pleas to extend the period for returning old naira banknotes, the Nigerian central bank recently said it has shifted the deadline for returning old banknotes to Feb. 10. The bank’s governor, Godwin Emefiele, said some 30,000 so-called super

Davos 2023: CBDCs Are the Future of Central Bank Money but They Are Still Not Ready

A World Economic Forum (WEF) panel comprised of central bankers and global tech providers has profiled central bank digital currencies (CBDC'er) as the future of central bank money, presenting them as one of the solutions for limitations in the payments sector

East African Community to Decide on Regional Central Bank Launch in 2023

The East African Community (EAC) will decide during the course of the year 2023 when and where it will locate the envisioned regional central bank, the regional intergovernmental organization’s Peter Mathuki has reportedly said. The setting up of the regional central

Japan Urges Regulators Worldwide to Subject Crypto Exchanges to Bank-Level Oversight

Japan has reportedly urged other countries, including the U.S., to regulate crypto exchanges like they do banks. A top official at the Financial Services Agency explained that the recent FTX implosion wasn’t brought on by crypto technology but byloose governance,…

Georgia Prepares to Launch Digital Lari Pilot in First Half of 2023

The central bank of Georgia intends to publish a document detailing the concept of a national digital currency in the coming months. Other participating parties will use it to finalize their proposals for the pilot which the monetary authority plans to

Binance Now Authorized in 7 EU Countries — Sweden Becomes Latest Member State to Give Approval

Crypto exchange Binance is now legal to operate in seven European countries following the latest approval by Sweden’s financial regulator. Overall, Binance has been approved to operate in 15 jurisdictions, including seven EU countries. Binance Approved to Operate in 7 jeg…

The Fed Will Keep Focusing on Crypto — Fed Governor Says ‘We Do Not Want to Hinder Innovation’

Federal Reserve Governor Michelle Bowman says whilecryptocurrency activities can pose significant risks,” the Fed does not want tohinder innovation.She added: “By inhibiting innovation, we could be pushing growth in this space into the non-bank sector, leading to much

World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’

On Jan. 10, 2023, the World Bank published its Global Economic Prospects report, stating that the outlook for the global economy and future economic conditions is bleak. According to the report, 2023 growth forecasts have been cut across the board, med…

Rapport: Nigeria stopper kontanthævninger fra statskonti

Fra starten af ​​marts, Nigerianske embedsmænd vil blive udelukket fra at hæve kontanter fra statens bankkonti, sagde lederen af ​​den nigerianske finansielle efterretningsenhed. Public officials that want to be exempted from this new regulation will have