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Crypto exchanges in India still struggling to secure banking partners

1.7.2021
India’s crypto exchanges continue to cope with the burden of limited access to banking services

South African Regulators Reportedly Fast-Tracking Crypto Regulatory Framework

1.7.2021
With South Africa receiving more than its fair share of cryptocurrency-related scams, a report suggests that regulators are responding to this challenge by fast-tracking the process of creating a new regulatory framework. As a result, regulators now expect this process, which was preceded “by...

Beijing and Suzhou Railways Now Accept Digital Yuan Payments for Ride Fares

1.7.2021
Beijing subway has officially launched a new program that allows passengers to pay for rides with the central bank digital currency (CBDC) also known as the digital yuan. The news follows the subway system in East China’s Jiangsu province in the city of Suzhou which also allows digital yuan...

Fed Vice Chair Quarles Says Digital Dollar Could Pose Significant Risks to US Banking System

1.7.2021
The Federal Reserve’s vice chairman of supervision and the chair of the Financial Stability Board (FSB), Randal K. Quarles, doubts the benefits of the digital dollar but says it “could pose significant and concrete risks” to the U.S. banking system. Fed Vice Chair Speptical About...

Beijing subway now accepts digital yuan

30.6.2021
Beijing's rail transit service now accepts digital yuan for subway rides through an integration with the Industrial and Commercial Bank of China

Russia’s central bank to study crypto investment risks

30.6.2021
The Bank of Russia is collecting data from 15 credit firms and payment systems like Visa and Mastercard

British Bank Natwest Imposes Daily Limit on Transfers to Cryptocurrency Exchanges Over Fraud Concerns

30.6.2021
A major British bank, Natwest, has put a limit on fund transfers to cryptocurrency exchanges over concerns of fraud and scams related to cryptocurrencies. The bank is also blocking payments to a number of cryptocurrency asset firms. Natwest says the two moves are necessary to protect customers....

Bank of Russia forms first digital ruble testing group

30.6.2021
Twelve Russian banks including Sberbank, VTB and Tinkoff Bank will help the Bank of Russia test the digital ruble in January 2022

Spanish Socialist Workers' Party pens public digital currency initiative

30.6.2021
Spain’s oldest active political party is reportedly looking to create a public digital currency

UK’s NatWest bank limits transactions to crypto exchanges

30.6.2021
NatWest and other U.K. high street banks have ramped crypto curbs amid recent regulatory pressure on the sector

Mexico’s Finance Minister: Cryptocurrencies Are Prohibited From Being Used in Financial System

30.6.2021
Mexico’s central bank, finance ministry, and banking regulator have jointly issued a warning about cryptocurrency. Finance Minister Arturo Herrera emphasized that cryptocurrencies are prohibited from being used in Mexico’s financial system. The central bank of Mexico, the finance...

Korean Crypto Exchanges Consider Suing Government Over Banking Requirements

30.6.2021
All cryptocurrency exchanges in South Korea except the largest four may be unable to meet the bank account requirements needed to stay in business. A number of Korean crypto exchanges are considering suing the government and financial authorities, claiming that the country’s crypto law...

'We don't have much time left' to regulate crypto, says Bank of France governor

29.6.2021
"We in Europe need to move as quickly as possible or risk an erosion of our monetary sovereignty," said Francois Villeroy de Galhau

Standard Chartered, Fidelity, TP ICAP to Launch Cryptocurrency Trading Platform

29.6.2021
Fidelity, Standard Chartered Bank, and TP ICAP are collaborating to launch a cryptocurrency trading platform. It will feature a marketplace for spot crypto trading and provide “connectivity and post-trade infrastructure into a network of digital assets custodians.” TP ICAP, a leading...

Nigerian Learning Institution Says It Now Accepts Crypto as Payment for School Fees

29.6.2021
A learning institution in Nigeria’s Kano state, the New Oxford Science Academy, recently announced it will be accepting cryptocurrency as payment for school fees. According to the school’s proprietor, Sabi’u Musa Haruna, the institution arrived at this decision after consulting...

British Binance Users Reporting Fiat Ramp, Bank & Card-related Problems

29.6.2021
Source: Instagram, Binance UK-based customers of the crypto exchange giant Binance have claimed they have been frozen out of GBP withdrawals via the Faster Payments network, with disruption also reported on bank card-linked transactions – shortly after the British regulator orders the firm to cease...

Jefferies’ Equity Strategist Expects Accommodating US Crypto Regulation Unlike China’s Authoritarian Model

29.6.2021
The head of global equity strategy at Jefferies, an investment bank and asset management firm, says that cryptocurrency regulation in the U.S. would “ultimately be very positive” for bitcoin or other crypto assets. It will also be more accommodating than China’s authoritarian...