Bloomberg A regional central bank is clamping down on Bitcoin transactions after the Central African Republic adopted the cryptocurrency as legal tender without consulting its monetary authority. The Bank of Central African States, which already doesn’t recognize cryptocurrencies, is now preventing all lenders from partnering with payment platforms that transact in digital currencies or from recognising them as an ...

  Bloomberg Mexico’s central bank is ready to tighten monetary policy at a faster pace if needed, according to Governor Victoria Rodriguez Ceja. The bank increased key rate by half a percentage point for the fourth consecutive meeting and said it was willing to take more “forceful measures” to tame prices. The decision wasn’t unanimous, with one board member voting ...

  Bloomberg State Bank of India (SBI), the nation’s largest lender, posted fourth-quarter profit that missed analyst estimate as bad loan provisions rise and income from businesses other than lending dropped. Net income stood at 91.1 billion rupees ($1.2 billion) in the three months to March, the highest ever quarterly profit, compared with 64.5 billion rupees a year earlier. That ...