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Malaysia’s Deputy Finance Minister: Crypto Not Suitable as Means of Payment or Store of Value
4.3.2022
Malaysia’s deputy finance minister says that cryptocurrencies, such as bitcoin and ethereum, are not suitable as a means of payment or a store of value. While digital assets are not recognized as legal tender in Malaysia, the finance ministry official said that they are an asset class that...
Sygnum Bank set to release soccer-themed sculptures as AST’s
3.3.2022
The Swiss regulated banking institution has partnered with a renowned native artist to auction digital assets investment opportunities in three physical sculptures
Central Bank of Brazil Selects 9 Partners to Assist in Creation of a CBDC
3.3.2022
The initiative seeks to evaluate use cases for a Digital Real and its technological feasibility, according to Brazil's monetary authority
Crypto Payments Firm CoinGate Partners with Ukraine Central Bank and IBS to Enable More Crypto Donations
3.3.2022
The Lithuania-based crypto payments processor CoinGate has teamed up with the National Bank of Ukraine (NBU) – the country’s central bank – and the international payments firm International Business Settlement (IBS) to allow crypto users to donate money to Ukraine’s Armed Forces using more than...
While the Fed Monitors the ‘Ukraine Situation Closely,’ Powell Still Expects a Series of Quarter-Point Rate Hikes
3.3.2022
Federal Reserve chairman Jerome Powell still expects to see interest rate hikes starting in March, but the Fed chief further stressed that the central bank will “need to be nimble.” In remarks prepared for members of U.S. Congress, Powell discussed the Russian invasion of Ukraine...
Cut Central Bank out of Russian Crypto Regulation Picture, Urges Lawyer as Ukraine War Rages On
3.3.2022
The time has come to fast-track crypto mining regulation, a leading Russian lawyer has advised – even if this means removing the Central Bank from the equation....
Read More: Cut Central Bank out of Russian Crypto Regulation Picture, Urges Lawyer as Ukraine War Rages On
China's share in Bitcoin transactions declined 80% post crackdown: PBoC
3.3.2022
China has carried out multiple crypto crackdowns and enforced numerous bans on crypto markets since 2013, however, Chinese traders have always found a way to bypass these bans
Rwanda May Not Reach Decision on CBDC Issuance Until End of 2022 — Central Bank Official
3.3.2022
The Rwandan central bank may not know whether it can issue a digital currency until December 2022, when it completes a study that looks at the benefits and risks that come with such a currency, the bank’s deputy governor has said. The Investigation Phase The deputy governor of the Rwandan...
Tencent files for patent related to virtual concerts in Metaverse
3.3.2022
Chinese tech colossus Tencent has continued its foray into the metaverse after filing a patent for virtual concerts, flying in the face of warnings from Chinese banks and regulators
China’s Digital Yuan Set for Local Adoption, Airport, Banking Drives
3.3.2022
China’s digital yuan is edging ever closer to a nationwide rollout, with banks, airports, and provinces looking to boost their adoption efforts following last month’s Winter Olympics and ahead of the Paralympic Winter Olympics....
Read More: China’s Digital Yuan Set for Local Adoption, Airport...
Cambridge Centre for Alternative Finance Launches Digital Assets Research Project With 16 Banks
2.3.2022
On Tuesday, Cambridge Centre for Alternative Finance (CCAF) at Cambridge Judge Business School announced a new research initiative focused on the “growing digital asset ecosystem.” According to CCAF, the newly launched collaborative effort involves 16 financial institutions such...
Russian Consumers, Firms Feeling Impact of Sanctions as Ruble Keeps Diving
2.3.2022
Ordinary Russians are increasingly starting to feel the bite of Western-led sanctions, media reports from inside the country have indicated.
The ruble fell once again today and, at the time of writing, is worth around USD 0.0090, or 26% less than on the day of the invasion of Ukraine (February...
Top Russian Bank Quits Europe, Citing Sanctions: Report
2.3.2022
Sberbank, one of Russia's largest state-controlled banks, is dropping out of almost all European markets citing Western sanctions
US Inflation Could Be Worse Than Expected, Goldman Sachs Says — Atlanta Fed President Favors 25 BPS Rate Hike
1.3.2022
While the conflict in Ukraine is a hot topic, fears of rising inflation continue to haunt Americans residing in the country, as economists and analysts note U.S. inflation will likely remain high. Inflation is likely going to be worse than initially feared this year, Goldman Sachs explained in...
Russian Bank Run Begins as Ruble Plunges to Record Low Amid Escalating Sanctions
28.2.2022
A bank run has started in Russia as citizens rush to withdraw cash amid escalating sanctions. The Russian ruble also nosedived to a record low, plunging more than 30%. “There are about 70 people in line. Eyewitnesses say the money in the ATM runs out within 40 minutes.” Russians Rush...
Russian Central Bank Claims its SWIFT Alternative Is Ready
28.2.2022
The Russian Central Bank is talking up its SWIFT alternative as they try to go it alone without a way into the international banking network....
Read More: Russian Central Bank Claims its SWIFT Alternative Is Ready
US Treasury Prohibits Transactions With Russia's Central Bank
28.2.2022
The U.S. Treasury has prohibited transactions with the Central Bank of Russia and imposed sanctions on a key Russian sovereign wealth fund
Bank of America Sees No Crypto Winter Given User Adoption, Developer Activity Growth
28.2.2022
Even so, crypto-market upside likely to be limited for the next six months by Fed tightening, macroeconomic headwinds
USDT records new all-time high against Russian ruble as inflation hits
28.2.2022
As an immediate countermeasure against the rising inflation of its fiat currency, the Russian central bank doubled key interest rates on Feb. 28, from 9.5% to 20%
Russians Ditch Ruble, Central Bank Scrambles as Fiat ‘Destruction’ Looms
28.2.2022
Reports on social media claim that citizens in Russian have been spending their cash on luxury items, electronics, and other goods in a bid to dump the ruble before the markets reopen today.
A Moscow Times journalist claimed that the “mood” was similar to 2014, when the Russian markets were...