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ECB Calls for Urgent Regulation of Stablecoins and Defi, Won’t Rule Out Bitcoin Mining Ban

14.7.2022
A new report by the European Central Bank (ECB), presented as a “deep dive into crypto financial risks,” calls for “appropriate” regulation and oversight of stablecoins and decentralized finance (defi). It also addresses the hot topic of Bitcoin’s carbon footprint...

South African exchanges welcome the new 'crypto is financial asset' ruling

14.7.2022
Major South African exchanges have welcomed the central bank’s plans to regulate cryptocurrencies as financial assets

Thunes Partners Attijariwafa Bank to Expand Payout Services

14.7.2022
Thunes recently partnered with the Attijariwafa bank to expand its bank payment services across Morocco. The global payments provider will enable over 30 million bank account holders in Morocco to get inbound payments into their accounts. As one of the biggest financial entities in Africa...

Why Migrants Are Turning to Crypto: The Key to Attaining the UN Goal to Reduce Remittance Costs to Less Than 3% by 2030

14.7.2022
The cost incurred by African migrants or expatriates when sending funds via the so-called formal corridors remains way above the UN target of less than three percent, the latest data from the World Bank has shown. On the other hand, the cost is much lower than the target when cryptocurrencies...

Bank of Russia Says Stablecoins Are Not Suitable for Settlements

14.7.2022
The Central Bank of Russia has spoken out against stablecoins, which it says are highly risky and not fit for payments. The monetary authority reacted to a statement by a top finance ministry official who suggested that his department would support the development of Russian stablecoins....

State-Owned Swiss Bank Postfinance to Offer Clients Direct Access to Crypto Market

14.7.2022
Swiss post office’s banking unit, the state-owned Postfinance, is reportedly preparing to enter the crypto market. “Our clients want direct access to this market through their house bank.” Swiss Post Office’s Banking Arm to Enter Crypto Market The banking and financial...

China's central bank to expand deployment of e-CNY

13.7.2022
Over 4,567,000 merchants across the country now accept the e-CNY as payment

South African Central Bank Reverses Course on Crypto Regulation

13.7.2022
South African Reserve Bank (SARB) Deputy Governor Kuben Naidoo has said "our view has changed" from five or six years ago when there was "no intent on regulating this from a currency point of view" to regarding crypto "as a financial asset that we hope to regulate."

Shanghai included blockchain, NFTs and Web3 in its 5-year plan

13.7.2022
The municipal government pledged to support the enterprises that are discovering the non-fungibles market

Russian Blockchain Alternative to SWIFT to Prevent Disconnection of Nations, Banks

13.7.2022
A Russian university is ready to test its blockchain-based analogue to the global payment messaging network SWIFT, from which Russian banks were cut off as part of Western sanctions. The developers say their system would not allow the disconnecting of countries and banks. Russian Developers Create...

Bitcoin not a currency? South Africa to regulate crypto as financial asset

13.7.2022
South Africa’s Reserve Bank will regulate cryptocurrencies as financial assets, and new laws are expected over the next 12 months

Here's the 'Final Guidance' on 'Stablecoin Arrangements' by BIS and IOSCO

13.7.2022
The Bank for International Settlements (BIS) wants to create a set of standards for the stablecoin industry that will cover payments, clearings, and settlements. In a report released today and shared with Cryptonews.com, the BIS’ Committee on Payments and Market Infrastructures and...

US Treasury study finds CBDCs a plus for commercial bank stability

13.7.2022
Access to CBDCs reduces banks’ need to insure against liquidity risks and gives policymakers greater information about trouble in the financial system, according to the study

French central bank head announces beginning of wholesale digital euro project phase 2

12.7.2022
The French presidency of the European Union winds down with the completion of wCBDC experiments, design of proprietary blockchain and automated market maker platform

Sri Lanka central bank reiterates crypto warning following protestors seizing president's residence

12.7.2022
Thousands of Sri Lankans took to the streets of Colombo in protest of the government’s response to the economic situation in the country

Central Bank: No Place for Stablecoins in Russian Economy, Only Digital Ruble Will Do

12.7.2022
The Central Bank of the aggressor state Russia, says that it is against the idea of citizens making use of fiat-, oil-, or gold-pegged stablecoins – despite calls for the launch of such tokens from the Ministry of Finance. The newspaper Vedomosti quoted a Central Bank spokesperson as insisting...