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UK think tank launches a crusade against 'surveillance' CBDCs
14.2.2023
The Bank of England's plans for a CBDC launch raises concern among UK Tax Reform Council and the broader Bitcoin community
Report: Flutterwave CEO in Bid to Recover Millions Stuck in Kenya
14.2.2023
According to reports, the CEO and co-founder of the Nigerian fintech Flutterwave, Olugbenga Agboola, recently visited Kenya where he sought to convince the country’s monetary authorities to grant the firm access to funds that have been blocked since July 2022. Agboola claimed that his firm...
Digital Asset Infrastructure Provider Taurus Raises $65M From Credit Suisse, Deutsche Bank
14.2.2023
The Swiss firm plans to use the funds to make new hires and expand into across Europe and the UAE
UAE’s Central Bank pushes for CBDC for financial transformation
14.2.2023
The UAE is looking to boost its cross-border payments while also enhancing its domestic financial infrastructure. This comes after the Central Bank of the UAE announced the issue of CBDC, short for central bank digital currency. The issuance of CBDC comes as a part of the financial infrastructure...
Rwanda Government Orders Banks to Stop Facilitating Crypto-Related Transactions
14.2.2023
According to the National Bank of Rwanda, the country’s regulated financial services providers are now prohibited from facilitating crypto-related transactions. In her Jan. 31 letter justifying the decision, the acting governor Soraya Hakuziyaremye cites the unregulated status of most crypto...
UAE Launches ‘Financial Infrastructure Transformation’ Program; CBDC Among 9 Key Objectives
14.2.2023
On Feb. 12, 2023, the Central Bank of the United Arab Emirates (CBUAE) announced the launch of a new initiative called the “Financial Infrastructure Transformation Program,” which has nine key objectives. One of these objectives is the research and development of a central bank digital...
Binance withdrawals and BUSD redemptions surge post Paxos crackdown
14.2.2023
Net outflows at the cryptocurrency exchange hit $788 million over the last 24 hours, however, Binance told Cointelegraph that "Funds are SAFU."
Today in Crypto: Wirex Signes Long-term Global Partnership with Visa, Bank of Brazil Says Citizens Can Pay Taxes with Crypto, MetaMask Warns Users About Phishing Attempts
13.2.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Wirex Signes Long-term Global Partnership with Visa, Bank of Brazil Says Citizens Can Pay Taxes with...
Brazilians Will Be Able to Pay Taxes With Crypto
13.2.2023
Brazilians will now be able to pay part of their state taxes using cryptocurrencies. Banco do Brazil, a mixed ownership bank, is launching the option of paying a set of taxes with crypto, using Bitfy, a Brazilian cryptocurrency startup, as a payment processor, exchanging the cryptocurrencies paid...
Brazil's Largest Public Bank Enables Tax Payments to Be Made With Crypto
13.2.2023
The service will operate in partnership with Bitfy, a startup focused on blockchain solutions
DBS Bank to offer cryptocurrency trading in Hong Kong
13.2.2023
As Hong Kong has been opening up to crypto, major financial institutions like DBS Group are targeting new crypto services in the Chinese territory
UAE central bank to issue CBDC as part of its financial transformation program
13.2.2023
The issuance of a CBDC aims to address inefficiencies in cross-border payments and drive innovation for domestic payments
Crypto bank Silvergate ranks as the second most-shorted stock on Wall Street
12.2.2023
Over 72% of Silvergate Capital Corp stocks were shorted as of Jan. 31, shows FINRA's latest data
Brazil’s oldest bank allows residents to pay their taxes using crypto
12.2.2023
The move will allow Brazilian taxpayers to easily settle their tax liabilities, meanwhile expanding "access" to the digital asset ecosystem
India’s Central Bank Reveals 50,000 Users and 5,000 Merchants Now Using Digital Rupee
12.2.2023
India’s central bank, the Reserve Bank of India (RBI), has revealed that 50,000 users and 5,000 merchants are now using its central bank digital currency (CBDC). Digital rupee transactions are currently processed by eight banks, with five more banks set to join the pilot soon, said RBI Deputy...
Bit2Me Debit Card Launch Gives Users up to 9% Cashback on All Purchases
11.2.2023
Bit2Me, the biggest Spanish exchange, and the first company to be recognized as a virtual service provider by the Bank of Spain has just launched a long-awaited debit card. The Bit2Me debit card works across the entire Mastercard network, enabling both crypto-stablecoin payments across more than...
Bank of New York Mellon: ‘Clients Are Absolutely Interested in Digital Assets’
11.2.2023
Bank of New York Mellon (BNY Mellon) has revealed that its clients “are absolutely interested in digital assets.” Emphasizing the need for clear crypto regulation, the bank’s head of digital assets noted: “We need responsible actors who can offer reliable services that live...
JPMorgan sees deposit token advantages over stablecoin for commercial bank blockchains
10.2.2023
Research from JP Morgan Chase explores the potential of deposit tokens as a stabilizing force in the digital money landscape
Crypto Won’t Destroy Tradfi, Says Ex-Hong Kong Central Bank Chief
10.2.2023
Source: Tomasz/Adobe
The former head of the Hong Kong central bank says that crypto will not destroy traditional finance – and that volatility will hold back the progress of many cryptoassets....
Read More: Crypto Won’t Destroy Tradfi, Says Ex-Hong Kong Central Bank Chief
Central Bank of Brazil to Test Security and Transaction Privacy Levels of the Digital Real
10.2.2023
The Central Bank of Brazil will focus its first digital real tests on determining the levels of privacy and security that can be achieved with the proposed central bank digital currency (CBDC) infrastructure. The tests will be conducted later this year and will set up a simplified operation...