Central Bank
NZ Central Bank Governor Warns About Stablecoins
Adrian Orr, Governor of the Reserve Bank of New Zealand (RBNZ), has raised major concerns over cryptocurrencies, especially stablecoins, during a parliamentary finance committee meeting on Feb. 12. Orr argued that stablecoins, despite their name, lack stability and are not a viable alternative to traditional fiat money. He criticized these tokens as “the largest misnomers” […]
Turkey’s President Appoints Crypto Expert To Monetary Policy Committee
The president of Turkey, Recep Tayyip Erdoğan, has reportedly appointed crypto and blockchain expert Prof. Dr. Fatma Özkul to the central bank’s monetary body. A decree nominating Özkul was released on December 22, according to Bloomberg. Özkul has been a faculty member at Marmara University Faculty of Business Administration, Department of Accounting and Finance since […]