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India’s SEBI Open to Crypto Oversight, RBI Seeks Stablecoin Ban


The Securities and Exchange Board of India (SEBI) has proposed a multi-regulator approach to oversee cryptocurrency trading. In contrast, the Reserve Bank of India (RBI) seeks a stablecoin ban. The post India’s SEBI Open to Crypto Oversight, RBI Seeks Stablecoin Ban appeared first...

Deutsche Bank Explores Blockchain-Based Asset Tokenization


Deutsche Bank has announced its collaboration with the Monetary Authority of Singapore’s Project Guardian, a multi-year initiative aimed at exploring the potential of asset tokenization in regulated financial markets. The banking giant will test an open architecture and interoperable...

Digital Euro Use Won’t Push Out Swedish Krona: Central Bank


Adopting a potential digital euro won't reach a critical point that hastens the Swedish krona’s displacement, Sweden’s central bank said. The post Digital Euro Use Won’t Push Out Swedish Krona: Central Bank appeared first on Cryptonews

Report Reveals Chinese Workers Converting Earned CBDC To Cash


Workers in China are not very enthusiastic about the digital money issued by the nation's central bank (CBDC). According to a research published on May 13, several employees who receive their pay in digital yuan (e-CNY) quickly turned the asset into fiat money. The post Report Reveals Chinese...

Billionaire Barry Sternlicht Foresees Banks Failing Every Week in US


Barry Sternlicht, CEO of Starwood Capital Group, has voiced concerns about the vulnerability of regional and community banks in the U.S. to high interest rates and inflation, particularly amid the commercial real estate downturn. He forecasted frequent failures of these banks, predicting:...

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