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Hong Kong central bank warns against crypto firms using banking terms
17.9.2023
The HKMA said that funds placed on unlicensed "crypto banks" are not protected by the region's deposit protection scheme
Hong Kong central bank warns against crypto firms using banking terms
17.9.2023
The HKMA said that funds placed on unlicensed “crypto banks” are not protected by the region’s deposit protection scheme
American Bankers Association States a CBDC Is ‘Unnecessary’ and Presents ‘Unacceptable Risks’ to the US Financial System
16.9.2023
The American Bankers Association (ABA), an organization that represents banks custodying $18 trillion in deposits and processing $11 trillion in loans, believes that issuing a central bank digital currency (CBDC) in the U.S. is “unnecessary” and would introduce “unacceptable...
Exclusive: Crypto Surge in Central and Southern Asia: Chainalysis 2023 Insights and Kim Grauer’s Exclusive Take
16.9.2023
In the era of financial digitalization, the Chainalysis Global Crypto Adoption Index for 2023 stands as a pivotal resource, charting the nuanced ways countries are embracing cryptocurrency based on their unique socio-economic factors.
As the digital realm undergoes rapid transformations, this...
Brazil's Central Bank Pix Joins Ramp Network's Payment Solutions
15.9.2023
Crypto startup Ramp Network has integrated Pix, a payment method offered by the Central Bank of Brazil.
The integration of Pix is expected to significantly ease onboarding to crypto for both individuals and businesses in Brazil, given the widespread use of the payment method in the country.
The...
Swift Collaborates with Three Central Banks to Pilot CBDC Interoperability
15.9.2023
Swift has partnered with three central banks to conduct beta testing of its central bank digital currency (CBDC) connector solution in an effort to advance cross-border payments using CBDCs.
In a recent press release, the global financial messaging network said that the Hong Kong Monetary...
SWIFT CBDC Interlinking Solution Enters Beta Testing
15.9.2023
The Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global provider of financial payment services, has announced that its central bank digital currency (CBDC) connector has entered beta testing stages. SWIFT reported that three central banks are already testing this...
Crypto Startup Ramp Adds Brazilian Central Bank's Pix as Payment Method
14.9.2023
Adding Pix builds on Ramp's expansion to the South American country, where it opened a local entity in July in a bid for broader expansion throughout Latin America
Yellow Card’s Partnership With Moonpay Set to Enhance Nigerian Users’ Crypto Trading Experience
14.9.2023
Yellow Card, the Africa-focused crypto exchange, recently said it had joined forces with Moonpay in an arrangement which is expected to help “enhance the crypto purchasing experience for Nigerians by leveraging local bank transfers.” According to Uzoma James, Yellow Card’s West...
India, Nigeria, Vietnam Lead Chainalysis Global Crypto Adoption Index
14.9.2023
Blockchain data analytics firm Chainalysis has finalized its latest Global Crypto Adoption Index. India, Nigeria, and Vietnam hold the top three positions, followed by the U.S., Ukraine, Philippines, and Indonesia. “The Central & Southern Asia and Oceania (CSAO) region dominates the...
Singapore's central bank slugs Three Arrows founders with 9-year ban
14.9.2023
Three Arrows Capital founders Kyle Davies and Zhu Su are barred from regulated activities or acting as top execs at any financial firm in Singapore
SWIFT enrolls 3 central banks in CBDC interoperability beta test, expands sandbox
13.9.2023
The bank messaging network has seen a dramatic increase in processing speed and is developing technology to connect CBDCs
Rep. Tom Emmer reintroduces anti-CBDC bill to Congress
13.9.2023
The bill would limit the Fed from issuing a CBDC which Tom Emmer called a surveillance tool that would "undermine the American way of life."
Bitcoin’s Path to Money: Menger’s Theory and the Debate on Medium of Exchange vs. Store of Value
13.9.2023
Over the past ten years, fervent supporters of digital currency have engaged in intense debates: Is bitcoin (BTC) designed as peer-to-peer electronic cash as illustrated in Satoshi’s groundbreaking white paper, or does it serve as a digital store of value, similar to gold? Additionally,...
50 US Lawmakers Reintroduce ‘CBDC Anti-Surveillance State Act’ to Protect ‘the American Way of Life’
13.9.2023
Fifty U.S. lawmakers have reintroduced the CBDC Anti-Surveillance State Act to prohibit the Federal Reserve from issuing a retail central bank digital currency “while protecting innovation and any future development of true digital cash.” Congressman Tom Emmer stressed: “President Biden is willing...
Israel, Hong Kong complete retail CBDC test emphasizing privacy, inclusivity
12.9.2023
The Hong Kong Monetary Authority, Bank of Israel and Bank for International Settlements teamed up to address the complex issues of rCBDCs
Russian Central Bank May ‘Mark’ CBDC Tokens to Track Digital Ruble Transactions
12.9.2023
The Russian Central Bank says it may look to “mark” or “color-code” digital ruble tokens to help it track CBDC transactions.
Per Tass, the bank said it would “consider the possibility” of issuing super-traceable tokens.
But, speaking at a financial forum, the bank’s Deputy Governor Alexei...
Digital Euro Conspiracy Theories and Privacy Concerns Put EU Central Bankers in the Hot Seat
11.9.2023
Officials promise privacy controls for the possible new CBDC, but are less clear how to respond to wilder reactions
India's Central Bank Explores New Features to Boost Digital Rupee Adoption
11.9.2023
The Reserve Bank of India (RBI) is actively collaborating with financial institutions to introduce innovative features aimed at popularizing the Central Bank Digital Currency (CBDC), Reuters reported.
Currently, retail CBDC transactions in India are averaging around 18,000 daily, significantly...
India’s Central Bank Digital Currency Has 1.5M Users, 300K Merchants, Says RBI Chief
11.9.2023
Reserve Bank of India (RBI) Governor Shaktikanta Das has revealed that India’s central bank digital currency (CBDC) now has around 1.5 million users. In addition, over 300,000 merchants are currently accepting payments in digital rupees, and the pilot is being operated through 13 banks in...