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Bank of England Deputy Governor Warns Crypto Prices Could Fall to Zero
15.12.2021
Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that the price of cryptocurrencies, including bitcoin, could fall to zero. Noting that the crypto industry is “growing very fast,” he stressed: “We really need to roll our sleeves...
Ukrainian bank uses Stellar to launch electronic hryvnia pilot
14.12.2021
Ukraine’s Ministry of Digital Transformation supports a Stellar-based private stablecoin project developed by a local bank
Crypto Traders Place Bets Ahead of Tuesday’s Fed Meeting
14.12.2021
The price of bitcoin (BTC) and ethereum (ETH) rose slightly in the early hours of Tuesday after falling lower on Monday, as market participants positioned themselves for a potential “buy the news” event that may follow a key US Federal Reserve (Fed) meeting later today.
Ahead of today’s event...
Russia to Ban Funds from Crypto Investment, Experts Warn of ‘Blurry’ Legal Status
14.12.2021
The Russian Central Bank has moved to bar financial firms in the country from engaging with crypto-related mutual funds.
In a press release, the resolutely anti-crypto body, which also polices the domestic financial sector, announced it had created a draft directive, which it will listen...
Nigerian Government Minister Calls for Regulation of Crypto, Considers Additional Body ‘to Play That Role’
14.12.2021
A minister in the Nigerian government has called on authorities in the country to consider regulating cryptocurrencies instead of clamping down on them. The Law Does Not Stipulate Who Regulates Cryptos In what appears to be a rebuke of the Central Bank of Nigeria (CBN) over its stance...
Switzerland’s Largest Online Bank Swissquote to Launch Its Own Crypto Exchange
14.12.2021
Switzerland’s largest online bank, Swissquote, is reportedly launching its own cryptocurrency trading platform. The company sees high demand for cryptocurrency trading. “Our compliance and customer service teams were almost overrun by the crypto rush.” Switzerland’s...
Nigerian Experts: CBDC Still Unattractive to Users Despite Claim of ‘Excellent’ Adoption Rate
13.12.2021
Nigerian blockchain and cryptocurrency experts have suggested that many prospective users will only consider adopting the e-naira once the central bank has done enough to make the CBDC (central bank digital currency) an attractive option to use. E-Naira Still Unattractive to Users Some Nigerian...
Bank of Russia to ban mutual funds from investing in Bitcoin
13.12.2021
Mutual funds in Russia will not be allowed to provide crypto exposure to qualified or unqualified investors
UK Intelligence Chief Raises Concerns About Use of Digital Renminbi to Control Global Transactions
13.12.2021
The chief of the Government Communications Headquarters (GCHQ), one of the big three intelligence agencies in the U.K., has raised concerns regarding China and its digital renminbi. Sir Jeremy Fleming stated that the already existent Chinese CBDC could be used to collect information from users...
Russia to Allow Foreign Residents to Own and Use Digital Ruble
13.12.2021
The central bank of Russia intends to ensure that the digital ruble is convertible to foreign currencies and can be used by non-residents. In a document devoted to the digitalization of the Russian financial sector, the regulator reiterates its concerns over the risks associated with...
Thailand Doesn’t Prohibit Crypto Use for Payments but Warns of Price Fluctuation
12.12.2021
Bank of Thailand’s officials say that using cryptocurrency as a means of payment is not illegal. However, they added that users “must be able to accept the risks,” including price fluctuation. Using Crypto to Pay for Goods and Services Is Not Illegal in Thailand Sakkapop...
Regulator Claims South Africa Set to Unveil Cryptocurrency Regulatory Framework in Early 2022
11.12.2021
In early 2022, South Africa will have a new regulatory framework that covers cryptocurrencies, a commissioner with a regulatory body has said. Highly Risky Products South Africa’s financial sector regulator, the Financial Sector Conduct Authority (FSCA) is set to unveil a new regulatory...
South Africa's financial regulator plans to introduce framework aimed at protecting vulnerable crypto investors: report
10.12.2021
“What we want to be able to do is to intervene when we think that what is provided to potential customers are products that they don’t understand that are potentially highly risky,” said Unathi Kamlana
Russia prioritizes CBDC ruble as overall crypto outlook seems positive
10.12.2021
What is the future of cryptocurrencies in Russia, and can a digital ruble really be introduced in the coming years?
WisdomTree amends Bitcoin ETF application, naming US Bank as custodian
9.12.2021
U.S. Bank launched crypto custody services for institutional investors in October as part of a partnership with New York Digital Investment Group
Central Banks of France, Switzerland and BIS Complete Cross-Border CBDC Trial
9.12.2021
Bank of France, the Swiss National Bank (SNB), and the Bank for International Settlements have successfully tested the application of wholesale central bank digital currency in cross-border payments. The project used distributed ledger technology and was realized with help from private firms....
Kazakhstan to decide whether to launch CBDC by late 2022
9.12.2021
One of the world’s biggest Bitcoin mining countries is still thinking about whether it needs a central bank digital currency
Indian CoinDCX crypto exchange to go global in 2022, says exec
9.12.2021
After announcing Cosmex in February 2021, CoinDCX is now testing its global product to launch in 2022
Experts Believe a Common African Cryptocurrency Can Boost Trade and Sustain Growth After Covid-19
9.12.2021
Some economic experts from Africa have suggested that the continent now needs a common cryptocurrency and an integrated capital market to boost trade and sustain growth. The Importance of a Common Crypto Experts on the African economy have argued that a common cryptocurrency along with...
Australian Reserve Bank’s ‘Project Atom’ CBDC research finds numerous benefits
9.12.2021
Following Treasurer Josh Frydenberg’s “payments and crypto reform plan,” the RBA has published a report exploring DLT tech and wholesale CBDC issuance