Tag: Central

India’s Central Bank Targets Blockchain Payments While Hating Bitcoin

A man was at a café. He was glaring through the menu and decided to order himself a glass of lime water. But it wasn’t just any other lime water he wanted. He told the waiter that his beverage shouldn’t have the taste of lemons. He said he didn’t like the fruit much. But he added that he was a big fan of lime water anyway. Bewildered at first, the waiter eventually decided to bring him a glass of plain water. The man gulped it whole-heartedly and paid the waiter an extra twenty for his impeccable services. He left the

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India’s Supreme Court Delays Crypto vs Central Bank Fight to July

The courtroom battle between the Indian cryptocurrency exchanges and the Reserve Bank of India (RBI) has reached its ninth month but remains far from conclusion. On March 29, the Supreme Court of India moved the hearing to a new date in July. It was the sixth time in a row when the apex court had adjourned the so-called Crypto vs. RBI case. The move breathed further extension into the ongoing RBI’s ban, leaving the cryptocurrency exchanges and investors without a banking service 12-months in a row. But new information reveals that July could see a full-fledged legal proceeding. The outcome

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After years of reading economics, I’m still impressed by Central Bankers’ ability to take the simplest of ideas (deflationary money) and obfuscate it with word-garbage in order to hide a simple fact – that they are thieves rationalizing a century-long robbery that’s finally about to crash the World.

After years of reading economics, I'm still impressed by Central Bankers' ability to take the simplest of ideas (deflationary money) and obfuscate it with word-garbage in order to hide a simple fact - that they are thieves rationalizing a century-long robbery that's finally about to crash the World. submitted by /u/bearCatBird
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Bitcoin – The Currency of the Internet

UPVOTE FOR VISIBILITY: Mexico’s Central Bank forbids the operation of crypto-currency exchanges in order to “protect the general public” from volatility

Local news coverage: https://www.eleconomista.com.mx/economia/Banxico-mete-freno-al-uso-de-activos-virtuales-20190310-0052.html

Link to local regulation published on 8-Mar-2019: https://dof.vlex.com.mx/vid/circular-4-2019-dirigida-771023761

submitted by /u/Moriloqui
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Bitcoin – The Currency of the Internet

This Central Bank Governor’s Tenure is a Tale of Everything Wrong With Socialism

A poor and densely populated country stuck at number 137 worldwide in the economic prosperity rankings, with a per capita GDP of just about $ 2,000 – this would be the perfect proving ground to show once and for all that left wing economics can successfully turn the fortunes of a struggling people around, and give the world an alternative to its failing capitalist system. When Godwin Emefiele became governor of the Central Bank of Nigeria (CBN) in 2014, Africa’s largest economy stood at the brink of a historic change of power between the widely-derided pro-market incumbent president and his wannabe

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