The Bank of Ghana continues to consider the creation of a digital currency, GhanaWeb reported.
Dr. Maxwell Opoku-Afari, the financial institution’s first deputy governor, reportedly stated throughout a digital workshop that the financial institution stays steadfast in facilitating innovation and piloting concepts like a central financial institution cryptocurrency.
Ghana’s central financial institution has modified its organizational framework over time due to the cost house’s ever-changing nature. A unit within the central financial institution’s banking division supervised the realm previous to 2016. At the moment, the central financial institution created the Cost Techniques Division to sufficiently oversee a cellular cash business that was increasing.
And, to take the place of the Branchless Banking Pointers, the financial institution put ahead the Digital Cash Issuers and Agent Pointers in 2015.
Moreover, the financial institution has lately created a FinTech and Innovation workplace to supervise and advance the actions of FinTechs within the nation.
The group, through the Ghana Interbank Cost and Settlement Techniques, has additionally helped put a powerful and modern interbank assortment of cost techniques into place that embody automated clearing home (ACH) and e-zwich, amongst others.
In different information, authorities have purportedly frozen roughly 4,000 financial institution accounts in China belonging to digital foreign money merchants, Cointelegraph reported.
The outlet famous that frozen accounts aren’t essentially related to unlawful actions, they usually can reportedly be unfrozen when a research exhibits that no nefarious exercise has taken place. It’s stated that native authorities are buying information to investigate the blockchain to hint transactions.
A retail investor reportedly found that his account has been frozen after he made a digital foreign money buy on what was described to be a big and reliable alternate. The information comes amid a broader probe into illicit actions like cash laundering and playing which can be stated to be helped by the over-the-counter (OTC) buying and selling of Tether, the digital foreign money stablecoin.
Cointelegraph additionally famous that IntSights, the risk intelligence firm, contended that digital currencies are used increasingly in Latin America to launder funds.
— to www.pymnts.com