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Latvia’s central bank opens pre-licensing consultations to crypto companies

9.9.2024
Latvia’s central bank is taking proactive steps to align with the EU’s upcoming crypto regulations by offering free pre-licensing consultations for crypto-asset service providers

Moscow Exchange Opts out of Russia’s Crypto Trading Program

9.9.2024
The Moscow Exchange (MOEX), Russia’s largest securities marketplace, will not participate in an experimental program for cryptocurrency trading, as confirmed by Nikolai Trunichkin, head of digital projects at the exchange. This decision follows the Russian State Duma’s July approval of...

Russia Expands Digital Ruble Pilot With New Features: Widespread Use Expected in 2025

9.9.2024
Russia’s central bank is expanding its digital currency pilot program, involving 9,000 individuals and 1,200 companies. New features for the digital ruble, including payments via QR code, will be tested. Full-scale implementation is expected by late 2025. According to officials, demand...

Central Bank of Brazil Reveals New Use Cases to Be Tested in Its Drex CBDC Second Pilot Phase

8.9.2024
The Central Bank of Brazil disclosed a new set of use cases that will be part of the second phase of the ongoing pilot of its drex CBDC. Among the 13 instances selected from the 46 presented are platforms for tokenizing real estate, liquidity pools for trading public securities, and even automating...

Top 10 L1 Chains, Hamster Kombat Token Airdrop Performance, and More — Week in Review

8.9.2024
Data highlighted the dominance of the top 10 layer one blockchains, collectively valued at $1.66 trillion. In Russia, financial analyst Vladislav Antonov projected growth for the Hamster Kombat token post-airdrop. Meanwhile, China and Russia’s payment flows are under strain due to...

Zambia’s Dedollarization Plan Aims to Strengthen Kwacha Stability

7.9.2024
Zambia’s latest move to restrict foreign currency use in domestic transactions is aimed at stabilizing its currency, the kwacha, according to central bank Governor Denny Kalyalya. The Bank of Zambia announced this initiative in June and is still consulting market participants, with no...

Japan’s major banks back new stablecoin project for global trade

6.9.2024
Project Pax, backed by Japan’s top banks, seeks to streamline cross-border transactions using stablecoins, addressing inefficiencies identified by the G20

Visa and Santander Selected by Brazil’s Central Bank for a Second Phase of CBDC Pilot

5.9.2024
In May 2023, the BCB selected 14 participants for the first phase of the pilot

Central Bank of Brazil Hints at a Future Integration of AI Into Its CBDC

5.9.2024
The Central Bank of Brazil has hinted at implementing artificial intelligence (AI) and data monetization processes into Drex, its central bank digital currency (CBDC). In a recent presentation, Roberto Campos Neto, the Central Bank of Brazil’s president, stressed that the bank’s...

Swiss Bank ZKB Partners With Crypto Finance to Launch Crypto Asset Brokerage

5.9.2024
Zürcher Kantonalbank (ZKB), Switzerland’s largest cantonal bank, has partnered with Crypto Finance AG to offer crypto asset brokerage services. By partnering with Crypto Finance AG, ZKB gains access to an experienced and regulated partner with deep industry expertise in the crypto...

US Banking Regulator Calls for Stronger Oversight of Crypto Risks

5.9.2024
Acting Comptroller Michael Hsu has emphasized the importance of proactive oversight in managing crypto risks. He cited the 2022 crypto market collapse, with a $2 trillion loss, where effective supervision kept banks stable. Hsu emphasized the need for vigilant supervision as digital assets...

Amid Criticism, Central Bank of Argentina Confirms Moving Gold Abroad

5.9.2024
In a recent press release, the Central Bank of Argentina acknowledged sending part of its gold holdings abroad, stating that it had “recalibrated” the nation’s gold between its accounts. The institution faced criticism from some lawmakers who are concerned that this gold located...

Fed hits Texas bank with cease and desist over servicing crypto firms

5.9.2024
The US Federal Reserve said it identified “significant deficiencies” in the bank’s dealings with crypto clients and its risk management procedures.

Siemens Issues $330M Digital Bond on Private Blockchain with Major German Banks Including Deutsche Bank

4.9.2024
The issuance was the company's first digital bond with fully automated settlement, building on last year's issuance on the Polygon network

United Texas Bank Faces Regulatory Action for AML Failures Linked to ‘Virtual Currency Customers’

4.9.2024
United Texas Bank has been issued a cease and desist order by the U.S. Federal Reserve and the Texas Department of Banking due to significant compliance deficiencies. The bank must take immediate action to rectify issues related to its anti-money laundering (AML) program and corporate governance...

Switzerland’s Fourth-Biggest Bank ZKB Offers Retail Customers Bitcoin and Ether

4.9.2024

$2,700 in 2025: Goldman Sachs Has ‘Highest Confidence’ in Gold Amid Market Challenges

4.9.2024
While gold dipped below $2,500 per ounce, Goldman Sachs commodity analysts remain optimistic, suggesting gold could experience a “potential gain of 8%” amid the “current softening cyclical environment.” Goldman market strategists are particularly confident in this precious metal, stating that,...