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Central African bank regulator reminds member states of crypto ban, Reuters reports

Central Africa’s regional banking regulator reminded member states on Friday of its ban on cryptocurrencies, just weeks after the Central African Republic (CAR) made bitcoin legal tender, Reuters said. The reminder came after a chaotic week for crypto when the linked meltdown of the algorithmic stablecoin UST and Terra’s native Luna asset resulted in big losses for many of those involved. It also led to stoppages of the Terra blockchain and market trading halts as the circulating supply of Luna …

Central banker conference to examine ‘safe DeFi’ and CBDCs next week

A group of central bank officials is set to discuss decentralized finance and CBDCs during a virtual event on Monday.  The Bank for International Settlements (BIS) will livestream a conference from Zurich called “Does Safe DeFi Require CBDCs?” The event will examine how DeFi markets may evolve and what roles central banks and Central Bank Digital Currencies may play in creating a secure environment. The Basel, Switzerland-based BIS, which is owned by central banks, will host seminars explaining DeFi, recent …