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Brazilian Central Bank: CBDC Designed to Help New Businesses
28.2.2023
The Brazilian Central Bank says that its central bank digital currency (CBDC) – the digital real – is being designed to help now domestic businesses grow. The bank is also looking to tighten the regulations surrounding cryptoassets.
The newspaper O Globo reported that Roberto Campos Neto,...
Bank of England has no tech skills to issue CBDC yet: Deputy governor
28.2.2023
BoE deputy governor Jon Cunliffe compared a potential digital pound with iPhone’s Apple Store as it could “open a new frontier for people to improve payments.”
DLT Not Efficient Enough to Power CBDCs: BOE’s Cunliffe
28.2.2023
The Bank of England is experimenting with tokenizing assets for real estate sales, as well as developing a digital pound, lawmakers were told
2023 Will Be The Year of Crypto Token Price Divergence: Bank of America
28.2.2023
The bank views tokens that power smart contract-enabled blockchain platforms as growth assets exposed to similar risks as growth stocks, the report said
Guotai Junan partners with Saxo Bank for Southeast Asia expansion
28.2.2023
According to a statement made by Saxo Bank, it has now collaborated with Guotai Junan in a strategic partnership that will help the latter further its expansion in the South-East Asian region. The strategic arrangement is timely for Guotai Junan since the comprehensive financial services provider...
G20 Finance Chiefs Widely Recognize Crypto Poses Major Financial Stability Risks, Says Indian Central Bank Governor
28.2.2023
The G20 finance ministers and central bank governors recognize that cryptocurrencies pose major risks to financial stability, monetary systems, and cyber security, India’s central bank governor reportedly said. Crypto regulation was among the key topics discussed during the G20 meeting over...
UK banking regulator to propose crypto issuing, holding rules after Basel 3 finalized
27.2.2023
The Bank of England Prudential Regulatory Authority will facilitate international economic growth under the Financial Services and Markets bill now in Parliament
DeFi Giant MakerDAO Rejects $100M Loan to Cogent Bank
27.2.2023
The rejection follows less than a year after Maker approved a similarly structured loan to Huntingdon Valley Bank
Tel Aviv Stock Exchange Plans to Let Customers of Its Nonbank Members Trade Crypto
27.2.2023
The operator of Israel's public equity trading platform has also been working on setting up a blockchain-based digital asset trading platform
Brazilian Digital Real Passes Public Blockchain Pilot Test With Flying Colors
27.2.2023
A tokenized version of the digital real, the Brazilian central bank digital currency (CBDC), has passed a public blockchain pilot test successfully. The test, which was carried out by Mercado Bitcoin, a local exchange, using the Stellar network, shows that the digital real token can be used...
Reports Indicate USDT Is Being Used in Venezuela to Facilitate Settlements and to Avoid Sanctions
27.2.2023
Some companies in Venezuela are using the stablecoin tether as a way of sidestepping sanctions and settling payments with foreign customers and providers. Local reports indicate that, while the most popular use case for the stablecoin involves its purchase for devaluation shielding purposes,...
Janet Yellen Says ‘Critical’ to Establish Strong Crypto Regulation — ‘We Haven’t Suggested Outright Banning’
27.2.2023
U.S. Treasury Secretary Janet Yellen says “it is critical to put in place a strong regulatory framework” for crypto on the sidelines of the G20 meeting for finance ministers and central bank governors. “We haven’t suggested outright banning of crypto activities,”...
Market Strategist Michael Wilkerson Believes US Inflation Could Rise to 12% by Year-End Despite Predictions of Decrease
26.2.2023
While several market strategists and analysts expect U.S. inflation to drop considerably in 2023 compared with last year, Michael Wilkerson, founder of Stormwall Advisors, thinks the inflation rate could climb as high as 12% by the end of this year. The country’s inflation rate has cooled down over...
FSB, IMF and BIS papers to set global crypto framework, says G20
26.2.2023
A series of recommendations and papers setting standards for a global crypto regulatory framework will be released by the institutions in July and September
BRICS Nations ‘Coalescing Against the Dollar,’ Major Banks Predict More Fed Hikes, Bitcoin Records Large Blocks as Ordinals Gain Currency
26.2.2023
In spite of turbulence in traditional global finance, with BRICS nations said to be pushing for de-dollarization and major banks like Bank of America and Goldman Sachs predicting further interest rate hikes from the U.S. Federal Reserve, creativity in crypto has found a new boon in the form...
South Africa Added to FATF ‘Grey List’ Despite Designation of Crypto as a Financial Product
26.2.2023
In a move seen as a major setback for South Africa, the international financial watchdog, the Financial Action Task Force, announced on Feb. 24 that it had added the country to its “grey list.” Getting grey-listed by the financial watchdog potentially makes it difficult for South Africa...
Crypto Exchanges Allow Russians to Circumvent Sanctions, Report Alleges
26.2.2023
Major crypto exchanges have failed to prevent sanctioned Russian banks and traders from transacting, according to a blockchain forensics report. At least two established coin trading platforms continue to allow Russians to use their bank cards in peer-to-peer deals, the analysis shows. It also...
India Asks IMF and FSB for Joint Paper to Help Formulate ‘Comprehensive’ Crypto Policy
26.2.2023
India has asked the International Monetary Fund (IMF) and Financial Stability Board (FSB) to develop “a synthesis paper” on crypto assets as part of the G20 meeting of finance ministers and central bank governors under India’s presidency. “This would help in the formulation...
U.S. Treasury Janet Yellen calls for 'strong regulatory framework' for crypto activities
25.2.2023
On the sidelines of the G20 meeting, U.S. Treasury Secretary Janet Yellen said the country is not pushing for an outright banning of crypto activities
Germany’s DZ Bank to Offer Crypto Custody With Swiss Firm Metaco
25.2.2023
The second-largest bank in Germany, DZ Bank, is preparing to become a provider of custody services for crypto assets. The offering will be facilitated by a partnership with Metaco, a Swiss company that specializes in helping financial institutions to operate in the digital asset space. DZ Bank...