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Australian central bank to launch 'live pilot' of CBDC in coming months

1.3.2023
The use cases for the CBDC ranged from offline payments to "trusted Web3 commerce" and financial industry participants were invited to undertake a live pilot

Crypto Bank Charter Firm Protego Trust Lays Off Most of Its Workforce: Source

1.3.2023

Silvergate Stock Plunges as Bank Says It May Face DOJ, Congressional and Bank Regulator Inquiries

1.3.2023
Silvergate Bank announced it would delay the filing of its annual report on Wednesday, causing shares to plummet in after-hours trading

Kraken Pulling Back From Using Signature Bank: Bloomberg

1.3.2023
Non-corporate clients will no longer be able to make dollar deposits or withdrawals using the crypto-focused bank, according to a report

UBS Strategists Predict Minimal Impact of Upcoming Mt Gox Payouts on Bitcoin Value

1.3.2023
A recent report published by market strategists from the investment bank and financial services company UBS says that the upcoming Mt Gox payouts won’t destabilize bitcoin’s value. While a new supply will come to the market, UBS strategists insist that “it would be less...

Unstablecoins: Depegging, bank runs and other risks loom

1.3.2023
Stablecoins are facing the wrath of regulators amid doubts over reserves and contagion fears. Could a bank run lead to a major depegging?

Legalizing Crypto Will Undermine Russian Financial System, Warns Central Bank

1.3.2023
Legalizing crypto could “fundamentally” undermine Russia’s financial system, the nation’s Central Bank has warned. According to the media outlet Informer, Elizaveta Danilova, the bank’s Director of Financial Stability, said that allowing crypto into the Russian financial system would bring about...

Crypto Exchange LBank Signs With Encryptus for Crypto to Payout Infrastructure

1.3.2023
PRESS RELEASE. LBank; a leading token-to-token crypto exchange, has partnered with Encryptus Europe UAB; a licensed crypto and fiat infrastructure company, to streamline their crypto to payouts in 100+ countries. After this integration, LBank will be able to offer to their users off ramps in...

Nigerian Cash Crisis: Benue State Residents Resort to Barter Trade

1.3.2023
Faced with cash shortages caused by the central bank’s currency policies, traders in the Nigerian state of Benue have reportedly resorted to barter trading. Traders from the state have implored the Nigerian government to consider rescinding the Central Bank of Nigeria’s naira redesign...

United States CBDC would ‘crowd out’ crypto ecosystem: Ex-Biden advisor

1.3.2023
Daleep Singh argues that crowding out cryptocurrencies by establishing a CBDC in the United States would protect the country's national interests

Former FTX Director Pleads Guilty to Charges of Fraud, Money Laundering, and US Campaign Finance Violations

28.2.2023
Roughly 11 days ago, it was reported that Nishad Singh, the former director of engineering at FTX, was working with federal prosecutors to arrange a plea deal. On Tuesday, Singh pleaded guilty to criminal charges and stated, “I am unbelievably sorry for my role in all of this.” Singh Cooperating...

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...