Search
Bank of Russia Ready to Legalize Crypto Mining If Miners Sell Minted Coins Abroad
4.7.2022
The Central Bank of Russia would agree to the legalization of cryptocurrency mining, provided the proceeds from the activity are converted to fiat outside of Russia. The regulator’s latest position on the matter comes after it softened its stance on the possible use of cryptocurrencies...
Indian Central Bank RBI: Cryptocurrencies Are a Clear Danger — Financial Stability Risks Likely to Grow
4.7.2022
India’s central bank, the Reserve Bank of India (RBI), sees cryptocurrencies as “a clear danger.” However, the financial stability risks posed by crypto assets currently appear to be “limited.” RBI on Crypto’s Danger and Financial Stability Risks...
Kuwait-Based Islamic Bank Enters the Metaverse
3.7.2022
Warba Bank, a Kuwait-based Islamic bank, recently became the latest corporation from the Middle East and North Africa (MENA) to enter the metaverse. The bank now occupies two sites in the metaverse, one Decentraland and another one on Sandbox. Pioneering Digital Transformation In what has been...
Senator Indira Kempis Proposes Bill to Make Bitcoin Legal Tender in Mexico
2.7.2022
Indira Kempis, senator of the Mexican Congress, has proposed a bill that would make bitcoin legal tender in the country. The bill bases its action on the hardships that Mexican citizens are facing went trying to access financial products and education. However, the Central Bank of Mexico has been...
Vladimir Putin Says West’s Attempt to ‘Crush the Russian Economy’ Did Not Succeed
1.7.2022
Last week the Russian ruble hit a seven-year high against the U.S. dollar and while analysts have downplayed the rise, one economist said people should not “ignore the exchange rate.” American economists have been perplexed about the ruble’s market performance and Russian...
Custodia Bank's CEO Says Bad Actors and Regulators Caused Crypto Crash
1.7.2022
Caitlin Long said bankruptcies were inevitable the moment bitcoin “started being leveraged, rehypothecated, or financialized with debt.”
Bank of America Customers’ Crypto Activity Slowed as Market Slid
1.7.2022
The number of active crypto users among Bank of America (BAC) customers slumped more than 50% to fewer than 500,000 between November and May
Deutsche Bank analysts see Bitcoin recovering to $28K by December
1.7.2022
Deutsche Bank analysts forecast a 30% recovery for Bitcoin by December driven by correlation to S&P 500
Argentinian Tax Agency Ramps Up Digital Wallet Seizures
1.7.2022
The Argentinian Tax Agency, the AFIP, has ramped up the seizures of digital wallets of taxpayers in the country. The institution managed to seize more than 1,200 digital wallets of taxpayers that had debts and didn’t have a bank account, or other properties available to be collected by...
Deutsche Bank Predicts Bitcoin Rising to $28K by Year-End — Warns ‘Crypto Free Fall Could Continue’
1.7.2022
Deutsche Bank has predicted that the price of bitcoin will increase nearly 40% from the current level to $28K by the end of the year. The bank’s analysts also warned that “the crypto free fall could continue.” Deutsche Bank’s Bitcoin Price Prediction Deutsche Bank...
Reserve Bank of India ranks crypto near the bottom of systemic risks despite harsh criticism
30.6.2022
India's central bank has been a vocal critic of cryptocurrencies over the years; it previously stated that CBDCs could thwart the adoption of digital assets
Basel Committee Warms Up to Bitcoin & Crypto With More Flexible Proposal
30.6.2022
After receiving criticism from industry players last year for being too conservative, a committee at the Bank for International Settlements (BIS), has proposed a cap on how much exposure traditional banks can have to cryptoassets “where there is no counterparty.”
According to a new consultation...
Singapore Central Bank Reprimands Three Arrows Capital for Providing False Information
30.6.2022
The fund also exceeded the threshold of assets it could manage in Singapore, according to the central bank
Russian central bank exec is OK with crypto mining under one condition
30.6.2022
A finance officer believes it is necessary to sell the mined assets abroad to avoid the adoption of crypto in internal payments
Report: Taiwan’s Central Bank May Need 2 Years to Complete Work on CBDC
30.6.2022
Taiwan’s central bank is yet to conclude work on its central bank digital currency (CBDC) and according to the bank’s governor, the institution may need two more years to finish its work, a report has said. Some of the bank’s next tasks include winning the public’s...
Circle Partners With New York Community Bancorp — Bank to Custody USDC Reserves
29.6.2022
Circle Internet Financial has revealed a usd coin custody partnership with the American bank holding company New York Community Bancorp (NYCB). Under the agreement, NYCB’s subsidiary, New York Community Bank, will become a custodian for the company’s stablecoin reserves. Circle...
La caída de las criptomonedas podría continuar debido a la complejidad del sistema, dice Deutsche Bank
29.6.2022
Como bitcoin y otros activos son de alto riesgo y especulativos, se ven afectados de manera desproporcionada por los ajustes del banco central, dijo el banco
Taiwan central bank governor considers interest-free CBDC design to prevent fiat deposit flight
29.6.2022
"Neither of the current CBDCs in circulation, such as the Sand Dollar and the digital yuan, accrue interest on deposits," said Yang
We Now Understand How Little We Understand About Inflation – Fed’s Powell
29.6.2022
The current high levels of inflation in both the US and Europe have given central bankers an opportunity to “understand better how little we understand about inflation,” US Federal Reserve (Fed) chair Jerome Powell said.
Speaking at the European Central Bank’s (ECB) Forum on Central Banking...
Bitcoin holds $20K as ECB warns inflation may never return to pre-COVID lows
29.6.2022
Markets beyond the euro slow to react as Europe acknowledges higher inflation may be permanent