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Hurry up and Regulate Crypto, Urges Ukrainian Central Bank

25.6.2021
The policy-making unit of the Ukrainian central bank has called on the nation’s government to speed up the rollout of crypto legislation. In an official release, the National Bank of Ukraine (NBU)’s governing council urged Kyiv to hurry up with its long-awaited regulation, urging the executive...

NYDIG and Q2 partner to enable Bitcoin trading for 18M US bank customers

24.6.2021
Millions of people in America could soon be able to buy Bitcoin from their bank accounts following a partnership led by NYDIG and Q2

BIS: Cryptocurrencies Are Often Used in Financial Crimes, Money Laundering, Ransomware Attacks

24.6.2021
The Bank of International Settlements (BIS) says that it is now clear that cryptocurrencies are not money but speculative assets, emphasizing that in many cases they are used “to facilitate money laundering, ransomware attacks, and other financial crimes.” BIS Criticizes...

JPMorgan Survey: 49% of Institutional Investors Agree Cryptocurrency Is ‘Rat Poison’ as Warren Buffett Says or a Fad

24.6.2021
Investment bank JPMorgan conducted a survey of thousands of investors from 1,500 institutions and found that 49% of them think that cryptocurrency is either “rat poison squared,” the term used by Berkshire Hathaway CEO Warren Buffett to describe bitcoin, or “a temporary...

Mike Novogratz: Institutional Investors Will See Bitcoin’s Price Decline as Opportunity to Buy

24.6.2021
Galaxy Digital CEO Michael Novogratz says he is not nervous about bitcoin’s price falling, even when it falls below $30K. “The ecosystem is so much more mature. The amount of players that are moving in are so much more mature. Every single bank is working on their own crypto...

BIS optimistic about central bank digital currencies

23.6.2021
The central bank of central banks says CBDCs are necessary for maintaining the status quo of the legacy financial system

Bank of Israel steps up CBDC efforts with reported tests on Ethereum

23.6.2021
The Bank of Israel has experimented with using Ethereum and nonfungible tokens for a pilot as part of its ongoing digital shekel research, a local report claims

South Africa Bank Blocks Clients From Buying Crypto on Binance, Exchange Rejects Allegations

23.6.2021
A South African bank, Absa, has reportedly blocked use of its credit cards for users buying cryptocurrencies on international exchanges, according to one media report. The claims come after clients of the financial institution reported receiving a text message informing them of the suspension...

Rwanda Central Bank Joins CBDC Bandwagon After Announcing Digital Currency Research

23.6.2021
The National Bank of Rwanda (NBR) has become the latest African central bank to join the digital currency movement after an employee confirmed the institution is studying the possibilities of issuing its own digital currency. CBDC Implications on Financial Stability According to the employee, John...

Bank of France, Swiss Crypto Bank Test Securities Settlement Using CBDC

23.6.2021
The Bank of France has successfully completed an experiment involving the use of CBDC to settle listed securities. The test has been carried out with the help of an alliance of partners led by SEBA Bank, a digital asset banking provider based in the Swiss crypto valley. Central Bank and Crypto...

New Bank of America Report Says Digital Currencies ‘Could Boost Economic Growth’ in Developing Countries

23.6.2021
A new Bank of America (BOA) research study has found that both central bank digital currencies (CBDCs) and private digital currencies hold “a lot of potential” for increasing financial inclusion in developing countries. In the report, the bank also argues that such “digital...

Iran Seizes 7,000 Bitcoin Mining Machines

22.6.2021
Iranian police have reportedly seized 7,000 bitcoin mining machines operating illegally in the country. The machines were found in an abandoned factory west of the capital. 7,000 cryptocurrency mining machines have been seized by Iranian authorities, state news agency IRNA reported Tuesday, noting...

Portugal Begins Approving Cryptocurrency Exchanges — Two Licensed So Far

22.6.2021
Portugal now has two approved cryptocurrency exchanges. The country’s central bank, the Banco de Portugal, has licensed Mind the Coin and Criptoloja. In Portugal, the central bank is responsible for registering entities that intend to act as virtual asset service providers (VASPs). The bank...

Chris Giancarlo: U.S. risks becoming 'backwater' without central bank digital currency

22.6.2021
The former CFTC chairman weighs in on what a U.S. CBDC might look like, as well as the benefits it could bring to American citizens

Bank of Israel deputy governor confirms digital shekel pilot is underway

22.6.2021
Despite the pilot, the central bank's deputy governor said he was apprehensive about launching a full-scale CBDC in Israel, and referred to Bitcoin as a "pyramid scam."

PBOC Instructs China’s Banks to Forbid All Cryptocurrency Related Activities Immediately

21.6.2021
China’s central bank has sent notice to the country’s financial institutions instructing them to stop dealing with cryptocurrency transactions. The disclosure notes that the People’s Bank of China (PBOC) aims to protect Chinese citizens and “combat the speculation of Bitcoin...

New World Bank Report: Nigeria’s Exchange Rate Policies Fueling Inflation, Affecting Food Prices

21.6.2021
Nigeria’s use of multiple exchange rates regimes may have contributed to a rise in the country’s inflation rate, the latest World Bank report has said. In addition, the report says ongoing restrictions on the use and movement of foreign exchange are “further pushing up prices...