The central bank for the Central Asian country of Kyrgyzstan is working on a draft law to regulate the cryptocurrency industry in the country. According to an announcement on Nov. 13, the National Bank of the Kyrgyz Republic is developing a draft law that would regulate cryptocurrency exchanges in consultation with industry stakeholders. The bank stated that the draft law would regulate the sale and purchase of cryptocurrencies with the aim of tackling fraudulent cryptocurrency schemes and financial crimes, as well as safeguarding consumer and investor rights. Among the expected benefits of the forthcoming regulations, the bank notes the improved development of digital financial products, favorable conditions for the business community and even the possible introduction of a formal tax regime for digital assets. However, the bank also expects crypto legislation to come with its own share of obstacles, stating that the cross-border nature of many private cryptocurrencies will make the law difficult to enforce without the proper infrastructure for monitoring and implementation. Indeed, the bank states that due to the “lack of regulation and the chaotic nature of the cryptocurrency market,” there is no hard data on the number of businesses that would be subject to the new law. Per the announcement, the bank expects firm crypto regulations to provide more certainty for crypto-related businesses and attract investment without a significant effect on the government budget. The bank will accept proposals for the draft law until Nov. 27, after which they will be published on the official register by Dec. 4. Solid crypto regulations would be a long time coming for the politically beleaguered nation. In August 2019 the parliament introduced a bill to tax cryptocurrency miners, only for authorities to cut off electricity to miners a month later due to reported overconsumption. Last summer, the parliament was still deliberating on a solid tax regime for cryptocurrency miners, but civil unrest has since derailed previous political initiatives, with a rump parliament electing nationalist opposition leader and former member of parliament Sadyr Japarov as acting president and prime minister on Oct. 7.

All data is taken from the source: https://cointelegraph.com/
Article Link: https://cointelegraph.com/news/kyrgyzstan-s-central-bank-developing-draft-law-for-cryptocurrency-industry

#bank #xlmcoin #bitcoinstocksymbol #cryptocurrencynews #cryptocurrencyexchange #cryptonews #cryptoexchange

The Central of Bank of Kenya governor, Patrick Njoroge, has for the first time in a while, addressed the growing interest in cryptocurrencies and Central Bank Digital Currencies (CBDCs).

In an interview, the governor admitted that cryptocurrencies do have a place in the current world and how the Central of Bank Kenya might be approaching regulation in the future.

His latest comments are in stark contrast to his previous position on cryptocurrencies that has often been seen as highly critical of digital currencies.

Learn more about cryptocurrencies, regulation in Kenya, and how bitcoin and cryptocurrencies are getting accepted in Kenya and Africa

www.bitcoinke.io

This video is a clip from my video on Central Bank Digital Currencies. Below is the link for the full length video.

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It looks like we will sooner rather than later see central bank digital currencies (CBDC). China is already testing their solution and others are following soon. Last week the IMF started talking about their idea to a new Bretton Woods system and this week important heads of central banks are meeting to discuss the importance of CBDCs. This week Robert Koenig highlights the risks and benefits that such a change will bring across the world. It is all about programmable money and not digital money. Bitcoin and other decentralized cryptocurrencies will be your only protection.

Relevant Links:

Twitter, Raoul Pal

IMF, Kristalina Georgieva, A New Bretton Woods Moment
https://www.imf.org/external/mmedia/view.aspx?vid=6200738336001

Cross-Border Payment—A Vision for the Future
https://www.imf.org/external/mmedia/view.aspx?vid=6200538633001

A panel on March 3, 2017, on The Central Bank Perspective featured panelists William Goetzmann, Edwin J. Beinecke Professor of Finance and Management Studies, Yale School of Management and Director, the International Center for Finance; Andrew Hauser, Executive Director, Banking, Payments and Financial Resilience, Bank of England; Ross Leckow, Deputy General Counsel, International Monetary Fund; Carolyn Wilkins, Senior Deputy Governor, Bank of Canada; and moderator Gregory Fleming ‘88, YLS Senior Research Scholar in Law, Distinguished Visiting Fellow, YLS Center for the Study of Corporate Law, and YLS Visiting Lecturer in Law.

Reported today on Being Crypto

For the full article visit: https://beincrypto.com/indias-central-bank-hints-that-cryptocurrencies-will-be-banned/

The governor of India’s central bank, Shaktikanta Das, has restated that the Indian government is against private cryptocurrencies. This all comes ironically amid talks of India launching its own Central Bank Digital Currency (CBDC).

India has been discussing cryptocurrencies and the regulations surrounding them for over a year, and overall taking a hardline stance. While no official law has been passed, the latest comments do indicate the steps the country might take.

Officials from India’s central bank, the Reserve Bank of India (RBI), seem to be doubling down on their stance against cryptocurrencies, as discussions take place regarding the launch of a Central Bank Digital Currency (CBDC). RBI Governor, Shaktikanta Das, said on Thursday that there was “no way private digital currencies could be allowed in India.”

Das said at a press conference,

“The world over, central banks and the governments are against private digital currency because currency issuance is a sovereign function and it has to be done by the sovereign. It is very early to speak on a central bank issuing digital currencies. Some discussions are going on. Technology has not fully evolved yet. It is still in a very incipient stage of discussions and at RBI we have examined it internally.”

Rumors have been floating around concerning the launch of a ‘Digital Rupee,’ though the government has been quite tight-lipped about the matter.

Hardline Stance All But Confirmed

India has been debating about how best to handle cryptocurrencies for some time, already ordering banks not to serve cryptocurrency exchanges. Pro-cryptocurrency groups have lobbied against this ban, arguing that the nation stands to lose much and will have to play catch-up with nations like China.

Early panel reports from the country also in

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A lengthy survey into the awareness and usage of Bitcoin and crypto assets by Canada’s central bank has revealed impressive growth despite the recent bear market. The research also offers good insights as to what Canadian’s think of the crypto industry and what the future may hold for a cashless society. The Bank of Canada Bitcoin Omnibus Survey (BTCOS) has been carried out over the past few years to ascertain trends in Canadians’ awareness, ownership and use of Bitcoin and other crypto assets. The in-depth research, which has recently been published, has followed the rise and fall of crypto markets and trends associated with it. The central bank’s motives for carrying out the survey were to understand how its usage by Canadians could affect the financial system. The findings also help the bank, which has maintained its rates recently, with decisions on moving towards a cashless society and whether Canadians are ready for it yet. The results found that between 2016 and 2018 the share of Canadians who were aware of Bitcoin increased from 62% to 89%. This is unsurprising since it was all over mainstream media during the surge in prices up to all-time high. The crypto market pump also increased the number of Canadians buying Bitcoin as this rose from 3% to 5% during the period as speculation drove prices higher. The demographics were also unsurprising as those owning Bitcoin were largely university educated males aged 18 to 34. All demographics however showed an increase in awareness over the period as crypto assets made the headlines. Despite the massive bear market the survey revealed that Bitcoin ownership continued to increase in 2018. It added that 5 percent of Canadians owned Bitcoin in 2018, an increase from 4 percent in 2017 and 3 percent in 2016. This indicates that Canadians, like their counterparts across the globe were accumulating during the crypto winter of 2018. Interestingly BTC ownership tripled among those aged 55 and older from 0.5 to 1.7 percent during the same period. Disposable income also played a big part as ownership fell from 4.3 to 2.8 percent among those with household incomes below $30,000 while it increased from 4.3 to 7.0 percent among those with incomes above $70,000. This created an ownership gap that did not exist in previous years. The report stated that its findings were similar to those in the US. In 2018 the Federal Reserve Bank of New York’s Survey of Consumer Expectations found that 85 percent of respondents had heard of crypto assets, while 5 percent owned them. In the UK however Bitcoin ownership was only 3% that year. The research also noted that in 2017 the primary reason for owning Bitcoin was speculation while the following year BTC owners reported using it more often for buying goods and services or making person-to-person transfers. So, in conclusion, crypto awareness and ownership in Canada has increase despite a massive market collapse in 2018. This bodes well for the future as those figures are likely to grow even more as a new bull phase begins.

#bitcoin #coinbasealternative #winklevossbitcoin #cryptocurrencynews #cryptocurrencyexchange #cryptonews #cryptoexchange

Central Bank Survey Canadian Crypto Awareness and Ownership Increasing: https://www.youtube.com/watch?v=2ABedkmXXnY

Cryptocurrency Market Update August 25th 2019 – Central Bank Currency Woes
In this week’s cryptocurrency market update we look at all the latest news headlines for Bitcoin, Ethereum, Altcoins, US, Trump, China, tariffs, currency war, stock markets & more. Bitcoin was fairly sideways this week with Altcoins seeing relief rallies for the most part. Stock markets had a rocky week off the back of Trump increases tariffs in retaliation to China in the trade wars. ECB & the FED both signaled more stimulus & interest rate cuts are likely coming soon.
#Bitcoin #Cryptocurrency #Finance

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Cryptocurrency Market Update June 9th 2019 – Central Banks Accommodating Bitcoin
In this week’s cryptocurrency market update we look at all the latest news headlines for Bitcoin, Ethereum, Litecoin, EOS, Wax, Stock markets & more. Bitcoin consolidated most of this week with many altcoins staying in narrow ranges. Stock markets bounced back after central banks promised more easy money as far as they eye can see. Australian markets got the rate cuts they were looking for as our housing market & economy remain weak.
#Bitcoin #Cryptocurrency #News

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Cryptocurrency Market Update Mar 17th 2019 – Betting On Central Banks
In this week’s cryptocurrency market update we look at all the latest news headlines for Bitcoin, Ethereum, Litecoin, IOTA, Stock markets & more. Bitcoin & Altcoin charts had choppy action this week. Stocks remain range bound across the board in the US, Australia & Europe. Central banks are gearing up for another round of money printing & lower interest rates. We believe this will send Bitcoin much higher in the coming years.
#Bitcoin #Ethereum #Cryptocurrency.

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Disclaimer: I AM NOT A LICENSED FINANCIAL ADVISOR. MY VIEWS ARE GENERAL IN NATURE AND SHOULD NOT BE TAKEN AS FINANCIAL ADVICE. ALWAYS DO YOUR OWN RESEARCH BEFORE INVESTING ANY MONEY.

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TODAY NEWS – TODAY NEWS – The Central Bank of Israel mulls release of digital currency faster payment

JERUSALEM Reuters The Bank of Israel is examining issuing digital currency as a means of creating a faster payments system as well as reducing the amount of cash in the economy, a central bank source said on Sunday, though he stressed no decision had yet been made. The source, who spoke on condition of anonymity, also said the government was ready to legislate or include the issue in its 2019 budget and economic package if the central bank gave the green light. The emergence of bitcoin and other…

Source: https://www.reuters.com/article/us-israel-cenbank-currency/israel-central-bank-mulls-issuing-digital-currency-for-faster-payments-idUSKBN1EI0D5

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Hot News – Hot News – The Central Bank of Israel mulls release of digital currency faster payment

JERUSALEM (Reuters) – The Bank of Israel is examining issuing digital currency as a means of creating a faster payments system as well as reducing the amount of cash in the economy, a central bank source said on Sunday, though he stressed no decision had yet been made. The source, who spoke on condition of anonymity, also said the government was ready to legislate or include the issue in its 2019 budget and economic package if the central bank gave the green light. The emergence of bitcoin and o…

Source: https://www.reuters.com/article/us-israel-cenbank-currency/israel-central-bank-mulls-issuing-digital-currency-for-faster-payments-idUSKBN1EI0D5

——————–

Thanks for watching!
Dont forget to SUBCRIBE, Like & Share my video if you enjoy it! Have a nice day!

🔥 If you like another songs, please comment here, i will add on my new video , wait for and enjoy it!
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🚫 If you have any problem with copyright issues, please CONTACT US DIRECTLY before doing anything, or question please write to me in email!

To get the latest EOS Marketplace News from the experts, subscribe here: https://PreferredCurrency.News

You can advertise what you have for sale in exchange for EOS and also what you would like to buy, at our websites as follows:
1) In your Chrome browser go to http://eosmarketplace.news/ (add your listings here)
2) Go to https://pcn.today/ for the latest news
3) And also go to https://marketplace.pcn.today/ to place your additional listings.
4) Also go to https://PreferredCurrency.News if you wish to become a web subscriber.
5) Our Web Subscribers can also go to https://twitter.com/PreferredCrypto

To get started, you can sign up at https://pro.coinbase.com/ to change some US Dollars into Bitcoin so that you can then transfer that Bitcoin to the Binance Exchange as shown below, so that you can change your Bitcoin into EOS if you wish:
https://www.binance.com/?ref=13838966

Then you can download the free EOSlynx wallet from Google Play Store or your favorite App Store so that you can use EOS most easily.

Ever wondered how to sell, buy and sell EOS? Visit https://eosmarket.biz/ for more info!

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