In a fight against speculators who are dumping the U.S. currency, central banks of major countries have carried out massive concerted interventions in the market.
The Central Bank ofthe UAE is responsible for granting licenses to brokerage firms dealing in currencies and commodities as well as the intermediaries in currency transactions.
The central banks of Saudi Arabia and the United Arab Emirates warned their citizens about the risks of investing in crypto, but did not impose direct bans.
The central bank of France wants the eurozone to build a blockchain-based settlement system that will move euros more quickly and at less cost than with existing technologies.
Iran has agreed to officially recognize the mining of cryptocurrencies as an industry and the Central Bank of Iran, which oversees foreign exchange and monetary policy, will draft a policy framework for the industry in the next 18 days.
If the currency of a country was higher than the dollar, the central bank of such a country had to sell its currency in exchange for the dollar; this would bring down the value of the country's currency.
The central bank of Ghana announced Bitcoin is not legally recognized earlier this year, but hinted at an interest in blockchain tech to enhance payment and settlement systems.
The Financial Supervisory Commission of the Republic of China and the Central Bank ofthe ROC have issued a joint statement warning against the use of bitcoin in Taiwan.
The Central Bank of Jordan prohibits banks, currency exchanges, financial companies, and payment service companies from dealing in bitcoins or other digital currencies.
The Central Bank of Nigeria would provide guarantees for about N575 billion in local currency for 10 years, with African Development Bank providing a $300 million loan.
To address this situation, on December 12 central banks in the major economies announced joint measures to ensure the stability of global financial markets.
The central bank of Indonesia does not accredit Bitcoin as a legal way of conducting transactions, but millions of people in the country use the cryptocurrency to run online transactions.
The central banks in continental Europe primarily purchase private-sector debt such as bills and deeds in providing liquidity, and therefore government securities comprise a smaller proportion of their portfolio.
First, central banks of the region have focused more on price stability than on exchange rate stability in the aftermath of the East Asian economic crisis.
Central bank of India demands supreme court to position itself The supreme court of India is currently hearing a case between India's central bank and several Bitcoin exchanges.
In a fundamental shift in its stance on cryptocurrencies, Nigeria's central bank is now looking at researching blockchain technology and even introducing its own digital currency.
According to the Central Bank of Jordan's current policy, banks, exchanges, financial companies and payment service companies are prohibited from dealing in Bitcoin and other digital currencies.
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