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Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

16.9.2024
The Bank of Russia aims to open the payment infrastructure for the Russian central bank digital currency (CBDC), the digital ruble, by July next year. Larger banks will offer digital ruble accounts and services by this deadline, with smaller institutions following later. The initiative seeks...

16-21 Sept Events: Fed, Bank of England, Bank of Japan’s Interest Rates

16.9.2024
This week from 16- 21 Sept will see important events unfold with interest rate decisions of the Federal…

Indian Court Bars Police From Freezing Entire Bank Accounts in Crypto Fraud Probes

15.9.2024
An Indian High Court has ruled that police cannot freeze entire bank accounts during fraud investigations. Only fraud-related amounts in bank accounts can be frozen. The decision followed a case where an account was frozen due to a cryptocurrency investigation. The court stressed that freezing...

Swift Unveils Plan to Integrate Digital Assets and Currencies Into Global Payment Network

15.9.2024
Swift has unveiled a plan to enable the movement of digital assets and currencies on its global payment network. The initiative aims to integrate regulated digital currencies into Swift’s platform, building on past experiments. “We’re paving the way towards real-world solutions that...

North Carolina resists the CBDC tide with new payments ban

13.9.2024
A new law in North Carolina seeks to ban CBDCs in the state, but there are questions about whether the new legislation is even legal.

Justin Sun Slams Central Bank Bitcoin; Fails Satoshi’s Vision

12.9.2024
The founder of popular cryptocurrency Tron, Justin Sun just criticized the idea of Central Bank Bitcoin (#CBBTC). He…

Anchorage Digital Bank, Bitgo join Coinbase to custody 21Shares crypto ETFs

12.9.2024
The move diversifies spot crypto ETF custodians beyond Coinbase, which has dominated crypto custody for US issuers

UAE’s central bank approves custodial risk insurance product for digital assets

12.9.2024
OneDegree executive Robin Scott told Cointelegraph that the insurance covers Web3 asset managers against the risk of losing customer funds.

Turkey’s $200 limit on cash payments: What does it mean for crypto?

12.9.2024
Should the Turkish government pass new amendments, all cash payments above $205 would be subject to fines of 10%

Crypto Bank Anchorage Digital Takes on Custody for ARK 21Shares Bitcoin ETF

12.9.2024
The first and only U.S. federally chartered crypto bank, Anchorage Digital, is taking on the custody role for a leading issuer of crypto exchange-traded funds (ETFs), 21Shares, the companies said in a Thursday statement

Russian Central Bank Targets July 2025 for Widespread Digital Ruble Use

12.9.2024
The central bank wants to promote the widespread use of the digital ruble

Court Sentences Missouri Man to 3 Years in Prison for Crypto and Tax Fraud

12.9.2024
Missouri resident Lyell Champagne Jr. has been sentenced to three years in federal prison for fraud and tax offenses involving cryptocurrency. He and his accomplice attempted to steal funds by accessing victims’ bank accounts and filing false tax returns. Law enforcement recovered most of...

U.S. Consumers Say Crypto Is Here to Stay, Stablecoins Maybe Not: Deutsche Bank

12.9.2024
Sentiment is somewhat bearish about the near-term outlook for bitcoin, the bank's consumer survey showed

Nigerian Agency Gets Nod to Freeze $330,000 in Crypto Users’ Bank Accounts

12.9.2024
A Nigerian anti-corruption agency froze bank accounts (over $330,000) belonging to suspected cryptocurrency users on global platforms like Kucoin and Bybit. The agency believes these users manipulated the Nigerian currency (naira) through their trading activity. The exchanges are also accused...

Brazilian bank suspends native crypto token trading following 97% price drop

11.9.2024
Nubank suspends trading of its native token, offering users the option to convert holdings to Bitcoin or USDC by Dec. 9

China’s Digital Yuan Nears $1 Trillion in Transactions, PBOC Official Reveals

11.9.2024
China’s digital yuan initiative has advanced considerably, backed by over a decade of research and four years of pilot experimentation, according to Lu Lei, Deputy Governor of the People’s Bank of China (PBOC). Trials for the Chinese central bank digital currency (CBDC) have been...

Over $55 Billion in Settlements Between Russia and Turkey Potentially Disrupted by Recent Western Sanctions

10.9.2024
Trade settlements between Russia and Turkey via bank transfers are now being disrupted due to the new sanctions enacted against Russia. According to Russian media, the U.S. is currently checking all sources of transfers to and from Russia, and bank headquarters are heavily scrutinizing Russian...