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Basel Committee Warms Up to Bitcoin & Crypto With More Flexible Proposal


After receiving criticism from industry players last year for being too conservative, a committee at the Bank for International Settlements (BIS), has proposed a cap on how much exposure traditional banks can have to cryptoassets “where there is no counterparty.” According to a new consultation...

We Now Understand How Little We Understand About Inflation – Fed’s Powell


The current high levels of inflation in both the US and Europe have given central bankers an opportunity to “understand better how little we understand about inflation,” US Federal Reserve (Fed) chair Jerome Powell said. Speaking at the European Central Bank’s (ECB) Forum on Central Banking...

BIS Says Crypto Weaknesses Have Materialized Following Market Sell-Off


The Bank of International Settlements (BIS), the global body for central banks, claims the weaknesses in crypto that were pointed out before “have pretty much materialized.” BIS General Manager Agustin Carstens opined: “You just cannot defy gravity … At some point,...

Kazakhstan Allows Registered Crypto Exchanges to Open Accounts at Local Banks


Government officials in Kazakhstan have approved regulations that will govern interactions between authorized coin trading platforms and traditional financial institutions. The new rules will allow registered cryptocurrency exchanges to have bank accounts in the country. Pilot Project to Develop...

Russia Developing Sandbox for Cross-border Crypto Payments


An institute facilitating Russian exports is now working on the establishment of a sandbox for international crypto payments, local media reported. The goal is to identify potential regulatory and technological challenges for settlements with digital assets. Russia Prepares to Test Crypto Payments...

Metro 2033's Author Has Been Added To Russian 'Wanted' List


Dmitry Glukhovsky, author of the Metro books that have since become a popular series of video games, has said he is now on a Russian “wanted” list after publicly criticising his home country’s invasion of Ukraine.Read more

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