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CBDCs and stablecoins: EY advises banks to ‘prepare for what's coming’
17.1.2022
A new report from EY highlights the need for a policy change for banks to overcome business uncertainties regarding digital assets
Fidelity Expects More Countries to Acquire Bitcoin Citing ‘Very High Stakes Game Theory’
17.1.2022
Fidelity expects more sovereign nation states, or even a central bank, to acquire bitcoin this year. “There is very high stakes game theory at play here, whereby if bitcoin adoption increases, the countries that secure some bitcoin today will be better off competitively than their...
Euro Inflation Hits Record Highs, ECB Not in Rush to Raise Interest Rates
16.1.2022
The European Central Bank is concerned over inflation in the euro area rising beyond its own expectations, a high-ranking ECB official has admitted. However, Europe’s monetary authority is not prepared to raise interest rates at this point in time, the executive unveiled. ECB Sees No Reason...
Pakistan Seeks to Block Websites Dealing in Cryptocurrency: Report
16.1.2022
Pakistan’s Federal Investigation Agency (FIA) is reportedly seeking to block websites dealing in cryptocurrency. The decision followed a meeting the agency had with the State Bank of Pakistan (SBP) which recently recommended a complete ban on crypto. Pakistan’s FIA Reportedly Seeks...
British Lawmakers Say a CBDC Is Likely to Hurt Financial Stability — Digital Pound Benefits Overstated
14.1.2022
According to British lawmakers, a central bank digital currency (CBDC) is likely to raise the cost of borrowing while hurting financial stability. They insist the touted potential advantages of a digital pound are being overstated. Erosion of Privacy British lawmakers have said the use of a central...
Bolivian Central Bank ‘Bans’ Crypto, Says Tokens ‘Have No Place in Domestic Market’
14.1.2022
The Bolivian central bank has moved to “ban” the use of crypto in the nation – and has issued warnings about what it perceives to be the “risks” involved with investing in cryptoassets such as bitcoin (BTC)....
Read More: Bolivian Central Bank ‘Bans’ Crypto, Says Tokens ‘Have No Place...
Swiss National Bank Trials CBDC in Transactions With Five Banks
14.1.2022
The Swiss National Bank has successfully employed a wholesale CBDC to settle transactions with five commercial banks, the monetary authority announced. The tests are part of an experiment carried out together with the Bank for International Settlements and Switzerland’s financial services...
Pakistan’s Central Bank Decides to Completely Ban Cryptocurrency: Report
14.1.2022
The State Bank of Pakistan (SBP), the country’s central bank, has reportedly come to a decision to ban the use of all cryptocurrencies within the country. The central bank has also asked the Sindh High Court to ban “unauthorized operations” of crypto exchanges and impose...
US Lawmaker Launches Bill to Prohibit the Fed From Issuing Digital Currency Directly to Individuals
14.1.2022
A U.S. lawmaker has introduced a bill in Congress to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals. “It is important to note that the Fed does not, and should not, have the authority to offer retail bank accounts,”...
Near Raises USD 150M, Pakistan's Central Bank vs. Crypto, Bitstamp's Growth Plan + More News
13.1.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Near Raises USD 150M, Pakistan's Central Bank vs. Crypto, Bitstamp's Growth Plan + More News
Georgia Goes After Crypto Miners Using Subsidized Electricity in Historic Town
13.1.2022
A record high consumption of electricity blamed on illegal crypto farms in northwestern Georgia has caught the attention of authorities in the capital Tbilisi. The central government and the local utility are taking on the issue of dealing with power shortages in the mountainous region of Svaneti....
Swiss central bank tests wholesale CBDC with commercial partners
13.1.2022
The Swiss National Bank integrated wholesale CBDC in banking systems with five commercial banks as part of the second phase of Project Helvetia
Pakistan's central bank reportedly wants to ban crypto
13.1.2022
Pakistan's finance and law ministries are yet to make a decision on a potential blanket ban on crypto in the country
BIS Claims a CBDC Interoperability Victory – While US Congressman Bids to Block Digital USD
13.1.2022
The Bank for International Settlements (BIS) says it has made another breakthrough in its central bank digital currency (CBDC) interoperability project – claiming that it has “successfully tested” the integration of wholesale CBDC settlement with commercial banks....
Read More: BIS Claims a CBDC...
Hong Kong Monetary Authority aims to oversee stablecoin reserves
12.1.2022
Hong Kong’s central bank is inviting global stablecoin operators to respond to its proposed rules
Iran to Permit Use of Cryptocurrencies in International Settlements, Reports Reveal
11.1.2022
Authorities in Iran are preparing to allow the employment of cryptocurrencies for international settlements. According to local media, central bank and government officials have given the green light to adopt a mechanism using digital coins in the field of foreign trade. Businesses in Iran to...
Crypto Paradigm Enters Citadel, JPMorgan Clients on Bitcoin Price + More News
11.1.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Crypto Paradigm Enters Citadel, JPMorgan Clients on Bitcoin Price + More News
Binance taps former central bank exec to push compliance in CIS and Russia
11.1.2022
Binance makes another major strategic move in one of the world’s biggest cryptocurrency miner regions
Digital Yuan Ready for International Olympic Showcase at Beijing 2022 Games
11.1.2022
China will allow overseas visitors from around the world to use its digital yuan for the first time at next month’s Winter Olympics, the central People’s Bank of China (PBoC) has confirmed.
The PBoC has been working toward a full or partial rollout in time for the games since 2020, when...
Yellow Card Announces It’s Resuming Deposits and Withdrawals via the Naira
11.1.2022
Yellow Card has announced the resumption of naira deposits and withdrawals in Nigeria via a statement from the cryptocurrency exchange platform. The move by the company comes almost a year after a central bank directive forced Yellow Card to suspend deposits and withdrawals. CBN’s Growing...