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Bitcoin Group Agrees to Buy German Bank Bankhaus von der Heydt for More Than $15M

12.12.2022
The transaction is expected to be completed by the third quarter, 2023

Bank of England opens applications for 'proof of concept' CBDC wallet

12.12.2022
The bank requires the wallet to execute basic features such as transacting value and requesting payments and set its budget at nearly $255,000

Balaji Srinivasan Says FTX Is a Preview of State Failure, USD Bank Accounts Could Be Frozen or Inflated to Worthlessness

12.12.2022
Angel investor Balaji Srinivasan says the collapse of crypto exchange FTX should be treated as “a preview of state failure.” He warned that one day U.S. dollar bank accounts “may be frozen or inflated to worthlessness,” emphasizing that the authorities “will show...

Bank of Russia Backs Crypto Mining Bill But Insists Minted Coins Should Be Exported

10.12.2022
The monetary authority in Moscow has expressed support for the latest legislative attempt to legalize cryptocurrency mining. However, the regulator wants the extracted digital currency to be sold outside the country or only under special legal regimes in Russia, as an exception. Russia’s Central...

European Union to Put a 10,000-Euro Limit on Cash Payments; Transactions Over €1,000 in Crypto Will Be Scrutinized

10.12.2022
The states of the European Union have convened to establish a new limit on cash purchases and to strengthen the controls on cryptocurrency transactions. On Nov. 6 the bloc agreed to put a limit of €10,000 ($10,557) on cash payments and to exert stronger oversight on crypto transactions of over...

Approach with caution: US banking regulator’s crypto warning

9.12.2022
The Office of the Comptroller of the Currency (OCC) said the digital asset industry was maturing but was “not yet robust” in its risk management

Bank of Spain to Launch Experimental Wholesale CBDC Digital Token Program

8.12.2022
The Bank of Spain is seeking the collaboration of organizations interested in participating in an experimental test on a wholesale central bank digital currency (CBDC). The institution clarified this new program has no relation with the current investigation on a possible digital euro, and has...

Japan’s Sumitomo Mitsui to issue soulbound tokens to explore Web3

8.12.2022
Japan’s financial giant Sumitomo Mitsui Financial Group is experimenting with soulbond tokens to satisfy new social needs

Nigeria Announces New Cash Withdrawal Restrictions — ATMs Limited to Less Than $44 per Day

8.12.2022
In a new directive to financial institutions, the Central Bank of Nigeria (CBN) said individuals can now only withdraw an equivalent of just under $222 per week while corporates can only withdraw cash not exceeding $1,111 during the same period. The new limits, which are in line with...

Spain’s central bank to experiment with wholesale CBDCs

8.12.2022
The Bank of Spain said the study can help determine to what extent it can adapt to the "needs and demands of an increasingly digital society.”

JPMorgan Chase CEO Jamie Dimon Likens Crypto to Pet Rocks — Calls for More Regulation

8.12.2022
JPMorgan Chase CEO Jamie Dimon says crypto tokens are like pet rocks. The executive also believes crypto regulation should be strengthened, stating: “The regulators who beat up on banks should maybe focus a little more on crypto.” JPMorgan Chase’s Jamie Dimon Compares Crypto...

Strike Launches Bitcoin Lightning Network-Enabled Money Transfers to Africa

7.12.2022
United States-based users of Strike, a digital payments platform built on Bitcoin’s Lightning Network, can now transfer funds instantly and at a low cost to Kenya, Ghana, and Nigeria via the recently added new feature known as “Send Globally.” The new feature instantly converts...

South Korea’s Central Bank Wants to Oversee Stablecoins

7.12.2022
The country joins other jurisdictions in proposing standards for stablecoin issuance

Spain’s Central Bank Opens Call for Proposals for Wholesale CBDC Project

7.12.2022
The proposal period will be open until January 31, 2023 for financial institutions and technology solution providers

Data From October Shows Gold Reserves Held by Central Banks Tapped the Highest Level in 47 Years

7.12.2022
Following the World Gold Council’s (WGC) third-quarter report that shows central banks purchased a record amount of gold, data released by the WGC shows that central banks are buying more gold during 2022’s fourth quarter. Statistics show that the gold held by the world’s central banks is at...

Crypto Bank Signature Suffers Another Analyst Downgrade; Shares Fall

7.12.2022
Raymond James is the latest Wall Street firm to cut its rating on the stock, following Morgan Stanley’s move earlier this week

Remittances to Low and Middle Income Countries in 2022 Up by 5% to $626 Billion — Latest World Bank Report

7.12.2022
Despite the headwinds that have dominated the year, remittances to low and middle-income countries in 2022 still grew by 5% to $626 billion, the World Bank Migration and Development Brief has said. Africa, where the cost of sending $200 averaged 7.8% in 2022, is the “most severely exposed...