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Cryptocurrency ATMs Close Down in Singapore Following Central Bank’s Announcement
19.1.2022
Cryptocurrency ATMs have closed down in Singapore following the guidelines issued by the central bank, the Monetary Authority of Singapore (MAS). “To comply with the sudden announcement, we have ceased to offer buy or sell services via our five ATMs while seeking further clarification from...
Bitmex Acquiring German Bank to Create ‘Regulated Crypto Powerhouse’ in Europe
19.1.2022
Crypto exchange Bitmex is acquiring a German bank to create “a regulated crypto powerhouse.” The company plans to establish “a one-stop shop for regulated crypto products in Germany, Austria, and Switzerland.” Bitmex Plans to Become a Regulated Crypto Powerhouse...
Singapore crypto ATMs shut down after central bank crackdown
19.1.2022
The move is part of a broader effort by the Singaporean watchdog to regulate advertising cryptocurrency to the public
Iran to reportedly pilot central bank digital currency soon
19.1.2022
The Central Bank of Iran hinted at a possible CBDC pilot soon without elaborating on the time frame of the program
'The risks outweigh the benefits' of a Swiss CBDC, says SNB governing board member
18.1.2022
"This does not mean the SNB is not interested in CBDC, but our focus is to look at the role that wholesale CBDCs could play," said Andréa Maechler
BitMEX execs reveal EU expansion with German bank acquisition
18.1.2022
Founded by BitMEX execs, the BXM Operations plans to expand operations in Europe through the acquisition of the German bank Bankhaus von der Heydt
Dollar Fails To Catch A Lift From Higher Yields, Bank Of Japan In Focus
18.1.2022
Bank of Japan’s meeting on January 18, 2022, has come out as a turning point for the current month. Two issues were discussed with the main emphasis on the Bank of Japan committing to fix its monetary policies. Another issue that the committee worked out in the meeting was the revision of...
BitMEX to Acquire German Bank as It Plans One-Stop Crypto Shop in DACH Region
18.1.2022
BXM Operations AG, a company set up by executives of crypto exchange platform BitMEX, plans to purchase German bank Bankhaus von der Heydt as the BitMEX group aims to establish a one-stop-shop for regulated crypto products in the DACH region (Germany, Austria, and Switzerland)....
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20m+ Chinese Now Reportedly Using Central Bank’s Digital Yuan App
18.1.2022
Over 20m people have now downloaded the central People’s Bank of China (PBoC)’s digital yuan app, media outlets in the country have reported....
Read More: 20m+ Chinese Now Reportedly Using Central Bank’s Digital Yuan App
Chinese police unearth multi-million dollar DeFi rug pull
18.1.2022
The Chizhou police arrested eight people from different provinces in December and froze assets worth millions
Pakistani Bank Asks Customers to Avoid Conducting Crypto Transactions
18.1.2022
A major bank in Pakistan has reportedly asked its customers to avoid conducting cryptocurrency transactions. Bank Alfalah’s action came shortly after the State Bank of Pakistan, the country’s central bank, submitted a report to the Sindh High Court recommending a complete ban...
India’s Prime Minister Modi Calls for Global Collaboration on Crypto — Says ‘We Have to Have a Similar Mindset’
18.1.2022
India’s prime minister, Narendra Modi, has called on governments worldwide to collaborate on cryptocurrency. He pointed out that “The kind of technology that is associated with it, the decisions taken by a single country will be insufficient to deal with its challenges.” Indian...
Malaysia’s Central Bank actively assessing CBDC options
18.1.2022
Malaysia’s central bank recently completed a proof-of-concept for a CBDC with three other nations and may consider developing its own cross-border payment system using the blockchain
Singapore Restricts Crypto Ads — Central Bank Says Crypto Trading Not Suitable for the General Public
18.1.2022
Singapore’s central bank has issued guidelines to discourage cryptocurrency trading by the general public. The central bank emphasized that “the trading of cryptocurrencies is highly risky and not suitable for the general public.” Singapore’s Central Bank Discouraging...
Law Decoded: First-mover advantage in a CBDC conversation, Jan. 10–17
17.1.2022
Strong framing move by U.S. Representative Tom Emmer and a looming threat of another crypto ban in Asia: a digest of last week's top crypto policy stories is here
70% of Jamaica population to adopt CBDC in 5 years, prime minister says
17.1.2022
The Caribbean country expects a nationwide CBDC rollout by the end of the first quarter of 2022
CBDCs and stablecoins: EY advises banks to ‘prepare for what's coming’
17.1.2022
A new report from EY highlights the need for a policy change for banks to overcome business uncertainties regarding digital assets
Fidelity Expects More Countries to Acquire Bitcoin Citing ‘Very High Stakes Game Theory’
17.1.2022
Fidelity expects more sovereign nation states, or even a central bank, to acquire bitcoin this year. “There is very high stakes game theory at play here, whereby if bitcoin adoption increases, the countries that secure some bitcoin today will be better off competitively than their...
Euro Inflation Hits Record Highs, ECB Not in Rush to Raise Interest Rates
16.1.2022
The European Central Bank is concerned over inflation in the euro area rising beyond its own expectations, a high-ranking ECB official has admitted. However, Europe’s monetary authority is not prepared to raise interest rates at this point in time, the executive unveiled. ECB Sees No Reason...
Pakistan Seeks to Block Websites Dealing in Cryptocurrency: Report
16.1.2022
Pakistan’s Federal Investigation Agency (FIA) is reportedly seeking to block websites dealing in cryptocurrency. The decision followed a meeting the agency had with the State Bank of Pakistan (SBP) which recently recommended a complete ban on crypto. Pakistan’s FIA Reportedly Seeks...