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RBI seemingly wants to ban cryptocurrencies, but not for the reasons you might think
17.3.2022
It appears the root cause of concern is the potential for digital assets to disrupt the rise of India as a global power
Sberbank Gets License From Russian Central Bank to Issue, Exchange Digital Assets
17.3.2022
The approval comes a short while after the Bank of Russia had advocated for a full ban on the trading and mining of cryptocurrency
Freezing Russian Reserve Assets Marks End of Monetary Regime; Gold, Bitcoin to Rise – Arthur Hayes
17.3.2022
The world’s current monetary regime effectively ended with the freezing of Russian foreign reserves by Western governments on February 26. In the new era, central banks will no longer save reserves in Western fiat currencies -- instead, turning to gold and bitcoin (BTC) as their preferred...
Russia’s Central Bank Goes to War. Is Cryptocurrency a Friend or Foe?
17.3.2022
Policymakers in Moscow are scrambling to rethink their approach to digital currency as one of several means of protecting the increasingly isolated economy
Bank of England Raises Interest Rates Back to Pre-Pandemic Level of 0.75%
17.3.2022
The Bank of England has raised interest rates to 0.75% in a bid to curb soaring inflation which is expected to peak at 7.25% in April
Bank of Canada collaborating with MIT on CBDC research
17.3.2022
The bank will work alongside the MIT Media Labs’ Digital Currency Initiative (DCI) team to examine how “advanced technologies could affect the potential design of a CBDC.”
RBI Crypto: Indian Government Says Central Bank Has No Plan to Issue Cryptocurrency
17.3.2022
The Indian government has told parliament that it does not have a plan to issue cryptocurrency to be regulated by the central bank, the Reserve Bank of India (RBI). The government also clarified that India’s central bank digital currency (CBDC), that the RBI will launch this financial year...
Crypto Payments Firm Utrust Receives Operating License From Central Bank of Portugal
16.3.2022
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Fed Hikes Benchmark Bank Rate for the First Time Since 2018, FOMC Expects 6 More Increases
16.3.2022
On Wednesday, the Federal Open Market Committee (FOMC) and Fed chair Jerome Powell held a press conference concerning the American economy, the central bank’s plans to address inflation, and the ongoing Russia-Ukraine war. Powell announced that the FOMC decided to increase the benchmark bank...
British Investment Bank HSBC Joins Metaverse via Sandbox, Animoca Brands Partnership
16.3.2022
The British multinational investment bank and financial services holding company, HSBC, has revealed it has partnered with the blockchain virtual gaming platform The Sandbox. According to the platform’s parent company, Animoca Brands, HSBC is the first global financial services provider...
Russia Sanctions May Lead More Countries To Consider CBDCs, Ex-Central Banker Says
16.3.2022
Sanctions imposed on Russia as a result of its war in Ukraine could lead more countries to consider digital versions of their own currencies – known as central bank digital currencies (CBDCs) – as a counterweight to the dominant role of the US dollar, a former Bank of Japan (BOJ) executive...
BNDES Director Offers New Insights on Development of Brazilian Blockchain Network
16.3.2022
Gladstone Arantes, a director of the Brazilian Development Bank (BNDES), gave new details about the progress of the Brazilian Blockchain Network, a project that has been in development since 2018. The network will be created on top of the Hyperledger Besu 2.0, which uses a proof-of-authority...
Binance Now Fully Licensed by Central Bank of Bahrain to Offer Crypto Services
16.3.2022
Cryptocurrency exchange Binance has announced that it has received a full license from the Central Bank of Bahrain. “The crypto asset license will allow Binance to provide crypto-asset trading, custodial services, and portfolio management to customers under the supervision of the Bahrain...
Bitcoin Consolidates as Fed Starts Two-Day Meeting
15.3.2022
Bitcoin (BTC) trimmed some of its losses from earlier in the day on Tuesday as market participants turned their focus to the expected interest rate hike by the US Federal Reserve on Wednesday.
At 16:56 UTC, the price of BTC stood at USD 39,199, up a mere 0.7% for the past 24 hours and 3%...
Dedicated crypto teams booming within traditional financial firms
15.3.2022
As more and more financial giants set up crypto research teams, experts see this trend continuing to gain traction in the future
Binance, FTX Expand To Arab Gulf States With New Licenses
15.3.2022
Major exchanges are intensifying their efforts to gain a foothold in the Arab Gulf States, and the regulators there seem to be more welcoming these days -- specifically, Binance has secured a license to operate as a cryptoasset service provider in Bahrain, while its rival FTX recently received...
Bitcoin well positioned to help governments create cheaper CBDCs: Deloitte
15.3.2022
Deloitte analysis shows how Bitcoin can help traditional fiat currency improve drastically in terms of speed, security, efficiency, cross-border payments
Binance Granted a Crypto Asset Service Provider License From Bahrain’s Central Bank
14.3.2022
The oil-rich kingdom has been making moves to strengthen its domestic crypto industry
Investors Predict Fed to Hike Rates This Week — Reactions From Crypto, Stocks, Gold Market Expected
14.3.2022
The U.S. central bank is expected to raise its target fed funds rate on Wednesday for the first time since the onset of the pandemic. Analysts and economists are hyper-focused on this key event, as the Russia-Ukraine conflict continues in Europe. If the Federal Reserve decides to increase the rate...
Deutsche Bank to Exit Russia, Says There Will Be No New Business There
13.3.2022
Germany’s Deutsche Bank has become the latest financial services giant to confirm it’s leaving Russia over Moscow’s military assault on Ukraine. The bank has been reducing its Russian exposure since 2014 when Russia annexed Crimea and the conflict in Eastern Ukraine erupted....