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Sberbank Launches First Blockchain ETF in Russia
2.1.2022
Russian banking giant Sberbank has presented the country’s first exchange-traded fund (ETF) giving investors access to the blockchain space. The new instrument holds securities of companies dealing with cryptocurrencies and the technologies that underpin them. Sberbank Introduces...
Mexico Announces It Will Issue Its Own Digital Coin by 2024
1.1.2022
The government of Mexico announced that the country’s central bank will issue its own digital currency. The statement of the official account of the presidency of Mexico informed that the development should be ready towards 2024, and remarked about the importance the technology has for...
El Salvador Bitcoin App Should Have Been Audited Long Ago, Claims Ex-Central Bank Chief
31.12.2021
A former Governor of the central bank of El Salvador has claimed that the state-run Chivo bitcoin (BTC) app would have already been shut down by regulators if it were a private company....
Read More: El Salvador Bitcoin App Should Have Been Audited Long Ago, Claims Ex-Central Bank Chief
Pakistan Freezes Over 1,000 Accounts and Cards Used For Crypto Trading
30.12.2021
Authorities in Pakistan have reportedly moved to seize hundreds of bank accounts and cards belonging to cryptocurrency traders. According to local media, they have been allegedly used to make transactions worth close to $300,000 through digital asset exchanges, including major platforms. Pakistan...
Mexico confirms plans to roll out CBDCs in 2024
30.12.2021
New technologies and a next-generation payment infrastructure would help Mexico become more financially inclusive
Russian bank Sber launches blockchain ETF tracking Coinbase, Galaxy Digital
30.12.2021
Called “Sber — Blockchain Economy,” the ETF will trade under the ticker SBBE and track major crypto companies
Nifty News: Decentraland Times Square NYE party, Mutant Apes go bananas and more…
30.12.2021
Decentraland will unveil a virtual version of the iconic Times Square for its NYE party, Swedish bankers Mecro Bank announced Metaverse plans, and Cipher Punks NFT were canned following strong pushback
India’s Central Bank RBI Discusses Digital Currency and CBDC Launch With Minimal Impact on Monetary Policy
29.12.2021
India’s central bank, the Reserve Bank of India (RBI), says a basic central bank digital currency (CBDC) model must be adopted initially and tested comprehensively to minimize the impact on the country’s monetary policy and banking system. The Indian apex bank sees several benefits...
An African Perspective on Why the World Needs Cryptocurrencies
29.12.2021
Rising cryptocurrency use in Africa over the past few years has not only shown that digital currencies are now a vital means of moving funds across borders and between people, but that cryptocurrencies are also an important means of accessing global markets for the financially excluded....
SEBI chief warns Indian mutual funds on investing in cryptocurrency offerings
29.12.2021
While the regulatory environment for cryptocurrencies in India is currently murky, the country has already witnessed an exponential rise in crypto popularity
Legal Experts Say It’s Too Late to Ban Crypto, India Needs Comprehensive Regulation
29.12.2021
Indian legal experts reportedly say that it is too late to ban cryptocurrency despite calls for a complete crypto ban by the central bank, the Reserve Bank of India (RBI). The Swadeshi Jagran Manch (SJM), an affiliate of the nationalist Rashtriya Swayamsevak Sangh, also passed a resolution calling...
Bank of Russia to Collect Data on Crypto-Related Transactions Between Individuals
28.12.2021
The Central Bank of Russia (CBR) plans to obtain information from commercial banks pertaining to some money transfers between private individuals, including clients trading cryptocurrency. The measure is likely to affect online crypto exchangers which the regulator accuses of conducting illegal...
Crypto Exchange Binance Receives Approval in Bahrain — Plans to Become Regulated, Centralized Worldwide
28.12.2021
Binance has received in-principle approval from the Central Bank of Bahrain to operate a cryptocurrency service provider in the country. The license is part of Binance’s “plans to become a fully-regulated centralized cryptocurrency exchange,” the crypto exchange detailed....
Law Decoded: Three regulatory trends of 2021, Dec. 20–27
27.12.2021
The year past saw some fundamental transformations in the relationship between state power and the digital asset space
Bank of Russia Wants to Restrict Crypto Investments by Blocking Card Payments, Report Reveals
27.12.2021
The Central Bank of Russia is currently reviewing various ways to prevent Russians from investing in cryptocurrency. One the options on the table is to block card payments to certain recipients such as crypto exchanges, a media report has unveiled. A recent meeting at the State Duma has indicated...
Chinese Central Bank Vows to Develop Real Estate Market
27.12.2021
The Chinese central bank recently promised a healthy development of the real estate industry in the region. In addition, the financial institution talked about safeguarding the home buyers’ legal rights and satisfying their living needs. The PBOC (People’s Bank of China) released the statement...
What is the Fed taper? This Is How the Federal Reserve Withdraws Stimulus
26.12.2021
Edouard Wemy, Assistant Professor of Economics, Clark University._____
Tapering refers to the Federal Reserve (Fed) policy of unwinding the massive purchases of Treasury bonds and mortgage-backed securities it’s been making to shore up the economy during the pandemic.
The unconventional...
More Needs to Be Done to Ensure Tanzanians Understand the Risks of Crypto Trading, Says Blockchain Educator
25.12.2021
Tanzanians are embracing cryptocurrencies but more work still has to be undertaken in order to reduce the number of scams in the industry, a blockchain educator has said. In much of the year 2021, blockchain entities and proponents of the technology in Tanzania did much to bring this fintech...
Global Debt Reaches a Record USD 226 Trillion
24.12.2021
Vitor Gaspar, Director of the International Monetary Fund (IMF)’s Fiscal Affairs Department, Paulo Medas, Division Chief in the same department, and Roberto Perrelli, a Senior Economist in the IMF’s Fiscal Policy and Surveillance Division, Fiscal Affairs Department._____...
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Industry experts reveal a possible method for Bank of Russia to block crypto
24.12.2021
Bank of Russia’s crypto restrictions through MCC would unlikely affect exchanges that have been operating illegally so far