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Eurasian Economic Union Minister: CBDCs Will Pave the Way for the Launch of a Digital Reserve Currency
27.11.2023
Sergei Glazyev, minister of integration and macroeconomics of the Eurasian Economic Union (EEU), has noted the advancements the adoption of central bank digital currencies (CBDCs) could ostensibly bring to the trading dynamics of the region. According to Glazyev, the launch of several digital...
Latam Insights: Milei Wins Runoff Election, Vows to Eliminate Central Bank in Argentina; Drex to Encourage Tokenization
27.11.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Libertarian Javier Milei wins the runoff election in Argentina, reinforcing his intention of eliminating the central bank. Also, the digital real...
UK Finance Minister Proposes Sandbox Initiative for Digital Assets Legislation
23.11.2023
Source: Pixabay / RGY23 The UK government has announced a new legislative proposal for a Digital Securities Sandbox (DSS), aiming to create a supportive testing environment for crypto technologies and services. In the recently released Autumn Statement, UK Chancellor of the Exchequer Jeremy Hunt...
Crypto.com joins World Economic Forum; While BTCS hints at mega bonus during ICO end
20.11.2023
In crypto world news, Crypto.com joined the World Economic Forum, and Bitcoin Spark (BTCS) has hinted at a mega bonus during its ICO end. Let’s explore. Crypto.com Crypto.com, one of the largest crypto exchanges, announced on November 10th that it joined the World Economic Forum (WEF) as a partner....
Latam Insights: Argentina’s Massa Proposes Blockchain Oversight, Drex Will ‘Kill’ Lesser Cryptos in Brazil
20.11.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentine presidential candidate Sergio Massa has proposed to use blockchain for state oversight, the Brazilian securities regulator president stated (CBDC)...
Dutch Central Bank Director Props Up Gold for Financial Collapse Scenario
20.11.2023
Aerdt Houben, Director of Financial Markets for the Dutch Central Bank (DNB), has talked about the value gold could have in a financial collapse scenario. As the bank has been recently increasing its gold holdings, Houben stated that due to its properties, gold might serve as a hedge in the case...
APEC Meeting: Yellen Acknowledges Digital Assets’ Potential, Announces Regulation Advancements
17.11.2023
U.S. Treasury Secretary Janet Yellen has acknowledged the advantages that the adoption of digital assets might bring to several key economic activities. After the Asia Pacific Economic Cooperation (APEC) finance ministers’ meeting, Yellen stated that while digital assets do pose risks, they...
Fourteen Ukrainian Officials Receive Advanced Crypto Crime Investigation Training
17.11.2023
Source: Pixabay Ukrainian lawmakers and officials have received advanced training on identifying and investigating crypto-related financial crimes. The United Nations Office on Drugs and Crime and the OSCE Economic and Environmental Activities have organized the 4-day course. Fourteen...
Bithumb’s Ex-Chair Faces Eight-Year Jail Term as Prosecutors File Appeal
17.11.2023
source: gesrey/Adobe South Korean prosecutors have filed an appeal in the alleged fraud case involving Lee Jeong-hoon, the former chair of local cryptocurrency exchange Bithumb. According to the report from Seoul Economic Daily, prosecutors are once again advocating for an eight-year jail term...
Kazakhstan’s NPC Officially Rolls Out State-backed CBDC in Partnership With Visa and Mastercard
15.11.2023
Source: Iliya Mitskavets/Adobe Central-Asia Country Kazakhstan has officially launched the digital tenge project, a central bank digital currency (CBDC) designed to simplify payments and drive economic growth. According to a local news outlet report on November 15, Binur Zhalenov, CEO of...
UK Appoints Bim Afolami as Economic Secretary to Oversee Crypto Regulation
15.11.2023
Source: AdobeStock / Mary Bim Afolami has been appointed as the economic secretary to the Treasury of the United Kingdom, where he will have authority over policies that impact the adoption of digital assets and central bank digital currencies within the country. According to a recent announcement...
40+ Countries Implementing International Crypto Reporting Framework
15.11.2023
Over 40 countries have agreed to implement the crypto reporting framework developed by the Organisation for Economic Co-operation and Development (OECD) as mandated by the G20. The widespread, consistent, and timely implementation of this crypto reporting framework “will further improve...
Adrian Day Warns of ‘Inevitable’ US Recession, Describes it as a ‘Freight Train Heading Towards Us’
15.11.2023
In a recent interview, Adrian Day, CEO of Adrian Day Asset Management, shared his insights, positing a looming economic downturn in the U.S. Day critically analyzed the Federal Reserve’s actions, explaining their expected impacts on the nation’s economy. Adrian Day: Recession Looms Like...
Bim Afolami takes the reins on UK crypto policy as new Economic Secretary
14.11.2023
Under U.K. Prime Minister Rishi Sunak, former Economic Secretary Andrew Griffith will become the next Minister of State in the Department for Science, Innovation and Technology
9.4% of French Population Holds Crypto as the Asset Class Ranks Second in Investment Options
14.11.2023
Source: AdobeStock / MarinadeArt France’s financial regulator, Autorité des Marchés Financiers, has published a study by the Organisation for Economic Co-operation and Development (OECD) on investment choices and growth levels in the country. In the survey released on Nov 13, digital assets...
Finance Ministers from APEC Nations to Share Crypto Insights in San Francisco
14.11.2023
Image Source: Pixabay The Asia-Pacific Economic Cooperation (APEC) summit has drawn global attention to discussions on regional economic cooperation, including crypto regulations. The event, which commenced on November 11 in San Francisco, saw the finance ministers’ meeting on November...
South Korea’s Democratic Party Mandates Crypto Holdings Disclosure for Candidates in Upcoming Elections
14.11.2023
Source: Pixabay / habunman The Democratic Party of South Korea has instituted a new policy requiring preliminary candidates for the upcoming general elections to disclose their holdings in virtual assets, including cryptocurrencies, according to The Korea Economic Daily (Hankyung). This decision...
Latam Insights: Unlicensed Crypto Exchanges Still Allowed to Operate in Brazil, Lightning Strikes Salvadoran Bitcoin ATMs
14.11.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Central Bank of Brazil confirms that unlicensed exchanges can still operate in the country; El Salvador will integrate Lightning Network transactions...
‘Suspected Crypto Fraudster’ Joined South Korean President’s State Visit to Saudi
13.11.2023
Source: Maksym Kapliuk/Adobe A suspected crypto fraudster accompanied South Korean President Yoon Seok-yeol on a state visit to Saudi Arabia last month. Per iNews24, media outlets in the country have discovered that the head of an unnamed crypto firm made up part of an “economic delegation” that...
Bitstream White Paper Proposes Bitcoin Payments to Disrupt File Storage Economy
12.11.2023
Robin Linus, the creator behind BitVM — a computing construct atop the Bitcoin blockchain — released a new white paper on November 11, 2023, entitled “Bitstream.” The document explores a system aimed at reforming the economic structure of file storage, suggesting...