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Mexico’s Central Bank Publishes ‘Catch-22’ Rules Impacting Crypto Exchanges

The central bank of Mexico has published rules on crypto assets that put crypto exchanges in “a catch-22 type of situation,” the CEO of a local exchange explained to news.Bitcoin.com. They “essentially stipulated that they wouldn’t authorize any cryptocurrency to be offered by regulated financial companies.” Also read: SEC Chair

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Lithuania Central Bank’s Policy Update Opens the Door for Crypto Payments

The central bank of Lithuania has updated its position on cryptocurrencies and tokens issued through initial coin offerings. The regulator has revised the definition of these assets specifying the conditions under which financial institutions can operate with digital money and accept crypto payments. Also read: Court Rules Brazil’s Bitcoin

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Central Bank Digital Currencies Are a Trojan Horse for Bitcoin

Central bank digital currencies (CBDCs) and Bitcoin could scarcely be more different. One is permissioned, the other permissionless; one centralized, the other decentralized; one is censorable, the other censorship-resistant. Despite their dissimilarities, CBDCs might just be the best driver yet for Bitcoin adoption. Also read: Mobile Gifting Platform Swych Announces Cryptocurrency

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South Korea Central Bank Says CBDCs Will Disrupt Financial Integrity

South Korea’s central bank has warned that adopting a state-backed cryptocurrency as an official form of legal tender would threaten the country’s financial integrity. In a report, the Bank of Korea (BoK) said such a currency, also known as a central bank digital currency (CBDC), could result in a

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18 Months Away? Latest Lightning Network Study Calls System a ‘Small Central Clique’

The Lightning Network has been touted as the solution to the Bitcoin Core (BTC) network’s scalability problem for years now. Over the last few months, the Lightning Network has shown growth but there are still significant concerns about centralization, routing issues, and creating a usable mainstream-friendly interface. The ongoing

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Nick Szabo: Central Banks May Turn to Cryptocurrency Reserves Over Gold

At the Israel Bitcoin Summit at Tel Aviv University on Jan. 8, veteran cryptographer Nick Szabo explained that the use of censorship-resistant cryptocurrencies will rise in countries sanctioned from trade and economies suffering from failed monetary planning. Szabo also argued that the world’s central banks might turn to cryptocurrency

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Central Bank Official: Regulators Are Hindering the Development of Cryptocurrencies

An excessive number of regulatory agencies are interfering with the prospects of successful development of cryptocurrencies in Ukraine, according to a high-ranking representative of the country’s central bank. What the sector needs instead is proper regulations and laws that will allow it to grow, the banker insists. Also read:

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Report Claims Central Banks Are Cautious About Issuing Their Own Digital Currencies

The Bank of International Settlements (BIS) has published a survey showing that most central central banks are “proceeding cautiously” on issuing their own digital currencies. Only a handful are planning to do so in the near future, it said. Also read: Coinflex Exchange to Offer Leveraged BCH and BTC Futures 70

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Indian Central Bank’s Report Shows Cryptocurrencies Are Not Currently a Threat

The Reserve Bank of India (RBI) has published a report indicating that cryptocurrencies are not a threat currently. However, the central bank says, with rapid growth and adoption of cryptocurrencies, this assessment could change, adding that constant monitoring of cryptocurrencies is needed. Also read: Indian Supreme Court Moves Crypto Hearing, Community

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Bahrain’s Central Bank Issues Draft Crypto Regulations

The Central Bank of Bahrain (CBB) has prepared draft rules designed to regulate digital assets and certain aspects of the country’s crypto industry. The move aims to establish Bahrain as a regional leader in the fintech sector and restore its role as a major banking hub in the Persian

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