Kiffmeister’s #Fintech Daily Digest (20220505)

Central Bank Caught Unaware as African Nation Endorses Bitcoin (Oops!)

The Central African Republic’s move to rush into making Bitcoin a legal tender caught a key stakeholder by surprise: the region’s monetary authority. This week, the government announced the country would adopt Bitcoin as an official currency. However, the Bank of Central African States, which manages the Central African CFA franc, the regional currency used by six countries, apparently hadn’t been informed, according to a Bank spokesperson. [Read more]

France’s financial authority approves Binance’s registration as digital asset service provider

The Autorité des Marchés Financiers (AMF) has granted Binance’s registration to provide crypto-related services in the country. Binance said it would “significantly scale” its operations in France following the registration approval, and planned to expand its team “to pursue further infrastructure development.” Binance’s had already obtained in-principle approval to operate in Abu Dhabi in April. In March, regulators in the Middle East also gave the green light for the exchange to provide services in Bahrain and Dubai. [Read more]

Upcoming events I’m affiliated with:

Satoshi Capital Advisors is hosting a virtual workshop on wholesale CBDC, stablecoins and digital capital markets on May 24 (starting at 08:00 EST). [Register here with the passcode: CBDC]

The CBDC Think Tank is hosting a CBDC Papers Lecture Series on June 17 and 24, each session starting at 7am EST and running for 3 hours. [View list of papers and register here]