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US Tether Bank Fraud Investigation Changes Hands Within the DOJ: Report
31.10.2022
A criminal investigation into whether Tether’s executives committed bank fraud in the early days of the stablecoin issuer’s existence has been reassigned after months of stagnation, according to Bloomberg
Reserve Bank of India to reportedly launch digital rupee pilot in November
31.10.2022
Now debuting the wholesale CBDC, the RBI plans to launch the digital rupee for the retail segment within a month in select locations
India's Central Bank to Start Wholesale CBDC Pilot Nov. 1
31.10.2022
The Reserve Bank of India will begin its wholesale e-rupee pilot project on Nov. 1 with a focus on settlement of secondary market transactions in government securities
America’s Oldest Bank Says 70% of Institutional Clients Will Invest in Crypto If This One Thing Happens
31.10.2022
BNY Mellon, America’s oldest bank and one of the more crypto-friendly institutions, has said that 70% of institutional investors will increase their digital asset activity when more custody services are available. ...
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Bank of Thailand Needs More Time to Complete and Launch Retail Digital Currency
31.10.2022
The central bank of Thailand is not going to rush with the launch of its digital currency as it’s not yet sure about the benefits it would bring. According to the head of the monetary authority, the development of the state-issued coin may take several years. Thailand’s Central Bank Wants to Better...
Professor Steve Hanke Says US Economy Was Flat Over the Last Year, but Stresses ‘It’s Going to Hit South’
30.10.2022
Amid the chaotic economy, plagued with central bank tinkering, supply chain issues, and red-hot inflation, the professor of applied economics at Johns Hopkins University, Steve Hanke believes a “pretty big recession” will take place in 2023. Speaking in an interview on Oct. 28, Hanke...
After Years of Uncertainty, Cryptocurrency Exchanges Can Open Bank Accounts in Chile
30.10.2022
After years of court battles in Chile, a cryptocurrency exchange has managed to open a bank account in Bci, a financial institution that established a protocol to serve these businesses. The first exchange that opened a bank account with the institution was Buda, a local exchange, which satisfied...
Fed’s Key Inflation Gauge Jumps 0.5% in September, America’s Rising Costs to ‘Punish’ Democrats
30.10.2022
The U.S. central bank’s key inflation gauge, the personal consumption expenditures (PCE) price index, increased by 0.5% in September, according to data released by the U.S. Commerce Department on Oct. 28. Meanwhile, markets expect with near-certainty that the Federal Reserve will codify its fourth...
Nigerian Central Bank Says It Will Release New Banknotes in December — Naira Falls to New Low
29.10.2022
Starting December 15, Nigerians will be using newly-designed 100, 200, 500 and 1,000-naira banknotes, the governor of the Central Bank of Nigeria (CBN) has said. The announcement has since resulted in the naira’s parallel market exchange rate versus the U.S. dollar dropping to a new low...
National Bank of Kazakhstan to Integrate Digital Tenge With BNB Chain, Binance CEO Unveils
28.10.2022
The central bank of Kazakhstan intends to use Binance’s blockchain platform Bnb Chain for the deployment of its upcoming digital currency. The decision was made public on social media by Changpeng Zhao, the chief executive of the global crypto exchange which was recently licensed to work...
Digital Bank Revolut to Allow Customers to Make Purchases With Crypto Balances
27.10.2022
The fintech firm recently won registration from the U.K.'s financial regulator to offer crypto services
UAE Central Bank Completes First CBDC Payment Transaction
27.10.2022
The Central Bank of the United Arab Emirates (CBUAE) has announced it has finalized mBridge, the world's largest pilot of central bank digital currency (CBDC) transactions in cooperation with the Digital Currency Institute of the People's Bank of China, its Chinese counterpart. Other partners...
ECB Raises Benchmark Rate by 75bps and Tones Down Long-Term Refinancing Operations
27.10.2022
On Thursday, the European Central Bank (ECB) announced the central bank’s third consecutive benchmark bank rate increase this year, raising the rate by 75 basis points (bps). In addition to the rate hike, the ECB changed the central bank’s targeted longer-term refinancing operations terms...
Kazakhstan to build central bank digital currency on BNB Chain
27.10.2022
Officials in Kazakhstan continue their close relationship with Binance, as the National Bank plans to integrate its CBDC on the BNB Chain
Nigerian CBDC Still Not Widely Used a Year After Launch
27.10.2022
On October 25, Nigeria commemorated the first anniversary of the Central Bank of Nigeria’s e-naira, even as more residents continue to snub the digital currency. In a move aimed at boosting the use of the CBDC, the central bank is offering a 5% discount to motorized rickshaw drivers...
Fed Governor Waller Skeptical of Central Bank Digital Currencies — Says He’s ‘Not a Big Fan’ of the Fed Issuing Digital Dollar
27.10.2022
Federal Reserve Governor Christopher Waller says he is not a big fan of the Fed issuing a central bank digital currency (CBDC). “It’s just a checking account at the Fed,” said the governor. Federal Reserve Chairman Jerome Powell recently said that the central bank has not decided...
Bitcoin Jumps to $21K After Soft US Data, Less Hawkish Bank of Canada
26.10.2022
The world's largest cryptocurrency reached $21,000 Wednesday following short-liquidations from large exchanges earlier on in the day
Singapore MAS proposes to ban cryptocurrency credits
26.10.2022
Crypto service providers should not provide any credit facility or accept payments from credit cards from their customers, the MAS suggested
Swiss-Based Crypto Bank SEBA Offers Custody for 'Blue Chip' NFTs
26.10.2022
SEBA is extending its digital asset custody services to blue-chip NFTs such as Bored Apes and CryptoPunks
Singapore Central Bank Proposes Stablecoin Rules to Reign in Crypto Sector
26.10.2022
In a separate document, the Monetary Authority of Singapore said it's also considering measures to limit retail investors without access to professional advice from engaging in crypto markets