North Korea has recently conducted a nationwide survey on electronic payments, revealing a growing demand in urban areas like Pyongyang, while cash transactions remain prevalent in the provinces. The Central Bank organized the survey to understand payment habits, and results showed a significant increase in mobile payment app usage, particularly among younger people. Cities like ...
Local governments in China are trying to find ways to sell seized cryptocurrencies, despite the country’s ban on crypto trading. The lack of clear guidelines for managing these assets has created inconsistent practices, raising concerns about potential corruption. Reports indicate that local authorities are partnering with private companies to sell around 15,000 Bitcoins, worth approximately ...
Experts discuss the recent bill proposed by the Russian Investigative Committee, which aims to recognize cryptocurrencies as property. This initiative is seen as a significant step toward regulating digital assets and providing legal protections for both the state and asset holders. While many Russians already consider cryptocurrencies as valuable assets, the bill introduces challenges, particularly ...
Russia’s Central Bank has announced the indefinite postponement of its blockchain-based “Digital Ruble” launch, which was previously set for July 1, 2025. Central Bank Governor Elvira Nabiullina addressed the public, mentioning that more discussions with banks are needed to finalize the economic model for the digital currency. Although pilot tests have shown participation from several ...
Iraq’s central bank is taking significant steps towards a digital economy by planning to introduce its own digital currency to replace traditional paper notes. Governor Ali Al-Allaq announced that this initiative is part of a broader shift in the global financial system, as many central banks around the world move towards digital currencies. The bank ...
Inflation in Russia has surged to its highest level in almost a year, primarily due to military spending and increased food prices. The Central Bank has raised interest rates dramatically from 7.5% in July 2023 to 21%, aiming to tackle this inflation crisis. As of December 2023, annual inflation is at 9.7%, with food costs ...
Inflation in Russia has surged to its highest level in almost a year, influenced by increased war spending and rising food prices. Recent reports show that the Central Bank has raised interest rates dramatically from 7.5% to 21% to fight this inflation. Over the past year, consumer prices have risen by 9.7%, with food costs ...
Argentina's central bank has lowered its benchmark interest rate for the first time in nearly six months. This move comes as President Javier Milei manages a slowdown in inflation in the country’s crisis-prone economy.
China’s central bank is expanding its monetary policy toolkit to better manage liquidity in the financial system. This move aims to provide more options for fine-tuning the economy amid ongoing challenges. By introducing new measures, officials hope to enhance financial stability and support economic growth.
Morocco plans to loosen its exchange rate regime by 2026, resuming a gradual reform process paused during the pandemic. This was announced by the central bank governor in a recent interview.
