Sentences with phrase «central bank authorities say»

Egyptian banking experts agree on the risks of trading in bitcoin, and central bank authorities say they have no plans to authorize the virtual currency's use.

Not exact matches

The European Central Bank, the top monetary authority for the 19 countries that use the euro as currency, has said its 30 billion euros ($ 37 billion) in monthly purchases will continue at least through September, but has given no fixed end date.

Some would argue that by acting cautiously on balance sheet normalization (without actively countering impacts of ECB policy measures), Fed policymakers have partially ceded control of financial conditions to foreign monetary authorities, but the same can be said about other central banks as well, for long - term rates are correlated among advanced economies:

Speaking to TV3 Thursday on concerns raised by the Mental Health Authority regarding government's failure to advance funds to health facilities under its umbrella, Mr. Agyeman - Manu said there appears to be cash flow challenges from the central bank.

Our organization aims to provide an umbrella to support the common interests of those who are actively involved in this field... We want to unify the ad - hoc groups and create a strong coalition, which will be the interface in direct communication with the Government, the Parliament, the central bank and the Financial Supervisory Authority,» said Stanica.

Jean - Luc, founder & CEO of Innoopolis, who also moderated the panel discussion, said: «Cryptocurrency and Bitcoin in particular started about ten years ago at the coinciding with the big financial crises that sent a shockwave across the globe when the general populations started to show a bit of bad feelings banks and central authorities managing their finances.»

As reported previously, while the country's de facto central bank, the Monetary Authority of Singapore, has given an outline of how it would treat initial coin offering activities, the central bank's chief said in last October the institution has no plan to regulate cryptocurrencies.

Replying to this, the deputy governor said that the authorities at the Central Bank are working to bring a clear regulatory policy.

He said there should be a distinction between digital currencies, which were being studied and developed by authorities such as the Chinese central bank, and digital tokens such as bitcoin.

Indonesian authorities are investigating the use of bitcoin in the holiday island of Bali, amid warnings by the central bank in Southeast Asia's biggest economy over the risks posed by virtual currencies, an official said.

On September 4, 2017, the Chinese government's central monetary authority, the People's Bank of China (PBOC), said «so long» to ICOs.

The fintech chief at the Monetary Authority of Singapore (MAS), the country's de facto central bank, has said that bitcoin is unlikely to cause a global financial meltdown similar to the Lehman Brothers bankruptcy in 2008.

Speaking at a banking industry event in Singapore today, Ravi Menon — managing director of the Monetary Authority of Singapore (MAS), Singapore's central bank, said he hoped blockchain technology would not be «undermined» by a tumbling of the cryptocurrency ecosystem once the hype is eroded.

Singapore's central banking authority, the Monetary Authority of Singapore (MAS), said that they are now working to create a new regulatory framework for cryptocurrency payment services, in order to ensure they are not misused for money laundering and terrorism fauthority, the Monetary Authority of Singapore (MAS), said that they are now working to create a new regulatory framework for cryptocurrency payment services, in order to ensure they are not misused for money laundering and terrorism fAuthority of Singapore (MAS), said that they are now working to create a new regulatory framework for cryptocurrency payment services, in order to ensure they are not misused for money laundering and terrorism financing.

As reported previously, while the country's de facto central bank, the Monetary Authority of Singapore, gave an outline of how it would treat initial coin offering activities, the central bank's chief said in last October the institution had no plan to regulate cryptocurrencies.

2018 could be the year cryptocurrency regulations are introduced in India, and although the authorities» contradictory signals make it hard to foresee what shape the regulations will ultimately take, the country's central bank is said to be warming up to the idea of cryptocurrency.

Speaking to CNBC on Monday, Feb. 12, chief fintech officer of the Monetary Authority of Singapore (MAS) Sopnendu Mohanty said it will be «two years» before the central bank's Blockchain project sees «real impact.»