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Zimbabwe to Hike Benchmark Rate to 200%, Central Bank Minted Gold Coins to Act as Store of Value

28.6.2022
After seeing the country’s inflation rise to 191.6% in June, Zimbabwean monetary authorities said they have resolved to increase the benchmark interest rate to 200% per annum. In addition, the central bank said it will introduce gold coins which will act as an instrument that will...

Recent Crypto 'Bloodbath' Is Not Necessarily Bad, Regulators Say

27.6.2022
The recent crypto market downturn can help weed out bad actors and unsustainable projects, a number of regulators and entrepreneurs said at a forum in Zurich last week

NFT, Private Wallet Fates Hang on EU Crypto Talks This Week

27.6.2022
Officials could this week finalize controversial privacy and licensing rules for the sector – once they decide how to treat NFTs and unhosted wallets

Netherlands-Based Coinbase Customers Required to Submit KYC Data When Transferring Crypto off the Platform

26.6.2022
Coinbase has announced that the company plans to introduce a number of changes for customers in the Netherlands in order to comply with the 1977 Sanctions Act, a law that recently applied know-your-customer (KYC) guidelines to non-custodial wallets. If the person living in the Netherlands wants...

Fed Chair Powell: We’re Not Seeing Significant Macroeconomic Implications From Crypto Sell-Off

24.6.2022
Federal Reserve Chairman Jerome Powell says the central bank is “not really seeing significant macroeconomic implications” from crypto’s volatility. The Fed chair stressed that there is a need for a better crypto regulatory framework. Fed Chair Powell Says Crypto Needs Better...

US Banking Watchdog Says Crypto Turmoil Reinforces Cautious Approach

23.6.2022
Michael Hsu, chief of the Office of the Comptroller of the Currency (OCC), said the recent fireworks in the crypto industry have further cemented his resistance to allowing lenders unfettered exposure to the digital assets markets

Stablecoins Could Still Dominate Post-Terra, S&P Says

23.6.2022
Not all stablecoins are alike, analysts note – but regulations may be needed to compel audits and investor fairness

Gold-Backed Stablecoin Can Help Russia Circumvent Sanctions, Government-Owned Bank Suggests

23.6.2022
Researchers at Russian bank VEB suggested the country issues a gold-backed stablecoin for international payments to evade sanctions

Brussels’ Fledgling Crypto Industry Flexes Its Muscles

23.6.2022
The city that hosts the EU also wants to influence it, with key decisions upcoming on the regulation of NFTs and DeFi

Singapore Will Crack Down on Bad Crypto Behavior: Report

23.6.2022
Singapore will be “brutal and unrelentingly hard” on bad behavior in the crypto industry Sopnendu Mohanty, chief fintech officer at the Monetary Authority of Singapore, said

Hester Peirce critiques SEC agenda – more wrong than just crypto policy

23.6.2022
Peirce has called for regulatory clarity around certain issues relating to crypto as part of the SEC Spring 2022 Regulatory Agenda, which was released on Wednesday

India Clarifies Rules for Controversial Tax Provision Ahead of Start Date

22.6.2022
An Indian government notification from the tax authorities has clarified key procedural elements of compliance to the new and controversial tax provision, 1% tax deducted at source (TDS), effective July 1, 2022

Catar está en la “etapa inicial” de una CBDC, dice gobernador del banco central

22.6.2022
El dirigente de la autoridad monetaria elogió la "innovación" de los criptoactivos

US Fed Evaluating SEC’s Position on Digital Assets Custody, Powell Says

22.6.2022
The SEC’s directive that customers’ digital assets may need to be treated as being on an exchange’s balance sheet has banking regulators scratching their heads about how it’ll work

Digital Dollar Would Secure Greenback as Global Reserve Currency, Lawmaker Argues

22.6.2022
U.S Rep. Jim Himes (D-Conn.) published a report supporting the introduction of a central bank digital currency on Wednesday

Wechat to Prohibit Accounts From Providing Some NFT and Crypto Services

22.6.2022
Tencent’s Wechat intends to impose penalties on public accounts facilitating secondary trading of NFTs, a press report has revealed. Accounts offering transaction channels and guidance for cryptocurrencies have also been targeted by the new rule. Popular Chinese App to Impose Restrictions...