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World Gold Council: Central banks around the world net purchased 19 tons of gold in February, with China increasing its gold holdings for the 16th consecutive month

The World Gold Council released the February central bank gold purchase report this week, showing that central banks net bought 19 tons of gold in February 2026. Although this is still below the monthly average of 26 tons reported for 2025, it represents an increase compared to the net purchase of 5 tons in January 2026.The World Gold Council stated that the situation in February seems to indicate a rebound in central bank gold purchases after a quiet January, highlighting the recognition and commitment of central banks to gold as a reserve asset. Additionally, the report shows that some central banks have maintained a record of continuous net gold purchases, accumulating 44 tons from November 2024 to February 2026, with the Czech Republic reporting net purchases for the 36th consecutive month. China has increased its gold holdings for the 16th consecutive month.Goldman Sachs' research report at the end of March pointed out that supported by the ongoing gold purchases by central banks and the expectation that the Federal Reserve will cut interest rates twice this year, the medium-term outlook for gold remains solid, with gold prices expected to rise to $5,400 per ounce by the end of the year. UBS also projected at the end of March that the target price for gold in early 2027 will be $5,900 per ounce.

KuCoin has been selected as a pilot for the Central Bank of Nigeria's virtual asset regulation, highlighting its global compliance strategy

The Central Bank of Nigeria (CBN) recently launched a regulatory pilot program for Virtual Asset Service Providers (VASP). The first batch of participating institutions includes several regional fintech and digital asset companies, among which KuCoin is the only selected global exchange.The pilot focuses on compliance with anti-money laundering (AML), counter-terrorism financing (CFT), and counter-proliferation financing (CPF), aiming to strengthen risk management and regulatory capabilities in the digital asset industry, and align with international standards such as those set by the Financial Action Task Force (FATF).According to the arrangements, participating institutions are required to conduct structured regulatory communications, submit regulatory data regularly, and advance compliance practices in key areas such as corporate governance, transaction monitoring, sanctions screening, and cross-border transaction "Travel Rule."KuCoin CEO BC Wong stated that constructive regulatory dialogue is an important foundation for the long-term sustainable development of the digital asset industry, and the company will continue to strengthen communication and cooperation with global regulatory agencies to promote transparency and enhance risk management capabilities.The market generally believes that this selection reflects KuCoin's ongoing progress in advancing compliance strategies globally, while also indicating that Nigeria is moving towards a more systematic and forward-looking phase in digital asset regulation.
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