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Today in Crypto: IMF Will 'Pursue Relentlessly' CBDC Development, France Supports Global DeFi Rules, Crypto.com Operating Internal Proprietary Trading & Market-Making Teams, Wyre Set to Shut Down

19.6.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: IMF Will 'Pursue Relentlessly' CBDC Development, France Supports Global DeFi Rules, Crypto.com Operating...

Today in Crypto: IMF Will 'Pursue Relentlessly' CBDC Development, France Supports Global DeFi Rules, Crypto.com Operating Internal Proprietary Trading & Market-Making Teams, Wyre Set to Shut Down

Latam Insights — Petro Liquidation Imminent, Ripple Partners With Colombian Central Bank

19.6.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, reports indicate that the Venezuelan government will liquidate the petro, Ripple partners with the Central Bank of Colombia, and Brazil issues...

Crypto Conglomerates Should Be Regulated, MiCA 2 Needed, Bank of France Governor Says

19.6.2023
International cooperation is necessary to regulate crypto conglomerates, according to the head of the central bank of France. Speaking at a tech forum in Paris, Governor Villeroy de Galhau also suggested that a new version of the EU’s recently adopted crypto law may be needed to deal with...

Nigerian Currency Falls by More Than 30% After Central Bank Announced New Forex Market Rules

18.6.2023
The Nigerian currency’s official exchange rate versus the greenback recently plunged to NGN634 per dollar from just under NGN470 per dollar. The central bank’s decision to allow the naira to “float” came a few weeks after Nigerian president Bola Ahmed Tinubu pledged to end...

Russia to Trial Digital Asset Settlements in Foreign Trade

17.6.2023
Bank of Russia plans to pilot cross-border payments using digital assets and central bank digital currencies, according to a deputy governor. The top executive believes these alternative instruments could increase efficiency in foreign trade while such settlements will not be permitted inside...

Ripple forms a collaboration with Columbia’s Central Bank

16.6.2023
Ripple, which is an absolute top player in enterprise blockchain and crypto solutions, joins forces with Columbia’s Central Bank, Banco de la Republica. Furthermore, in the picture, one can find Peersyst Technology. Through this amalgamation, they will be involved in the scouring of blockchain...

Ripple partners with Colombia’s central bank to explore blockchain technology

15.6.2023
The pilot program will run through 2023 with the intent of demonstrating blockchain utility to the general public

‘If You’re Selling BTC for Something, Sell it for Gold Instead of USD’, Says Tether CTO Paolo Ardoino

15.6.2023
In an insightful conversation with Cryptonews, Paolo Ardoino, the CTO of both Tether and Bitfinex, shed light on crucial topics relating to the crypto world. The dialogue navigated the volatile waters of inflation, the allure of gold as a tangible asset, and the growing fascination with digital...

Colombia’s Central Bank Partners with Ripple to Explore Blockchain Use Cases

15.6.2023
The Latin American country will conduct a pilot to test Ripple's technology for its high-value payments system

EU’s Leaked Digital Euro Bill Outlaws Interest, Large Holdings, Programmability

15.6.2023
The central bank digital currency must be usable offline from day 1 to safeguard privacy, the draft law says

Brazil Appoints Central Bank and Securities Commission as Crypto Market Regulators

14.6.2023
The executive branch issued a decree with directives following the approval of a crypto law in December 2022

European Central Bank Would Need To Set Limits on Use of Digital Euro Under Draft Proposal: Bloomberg

14.6.2023
The European Union’s executive branch will unveil plans for a digital euro that would require the European Central Bank to set limits on its use, according to a report from Bloomberg News. The ECB would have to decide on the instruments needed to ensure financial stability, according to a draft...

Brazil’s president signs law aimed at having central bank regulate crypto firms

14.6.2023
The decree authorizes the central bank to regulate and supervise virtual asset service providers, and ensures the country's securities regulator will continue to handle many tokens

EU’s new crypto law: How MiCA can make Europe a digital asset hub

14.6.2023
MiCA was recently signed into law and published in the EU’s official journal, starting the countdown for implementing the first-of-its-kind crypto legislation in 27 member states

Privacy should be considered in ‘potential retail CBDC’ — Treasury official

14.6.2023
U.S. Treasury official Graham Steele told an audience at a Texas payments conference that a future CBDC in America should consider anonymity

Brazil Central Bank Unveils CBDC, Tokenization ‘Events’ – Digital Real Rollout Imminent?

14.6.2023
Brazil’s Central Bank, the Banco Central do Brasil (BCB), has unveiled a “roadmap” of events ahead of the nation’s CBDC rollout. In an official BCB release, the bank stated that it would also begin assessing the possibility of enabling the launch of tokenized assets. The BCB unveiled a list...

US Inflation Cools to 4% Annual Rate, Setting Stage for Fed’s Decision on Interest Rates

13.6.2023
The U.S. Bureau of Labor Statistics’ consumer price index (CPI) report, released on Tuesday, reveals that inflation in the United States has eased to a yearly rate of 4%. The latest development arrives just ahead of the upcoming Federal Open Market Committee (FOMC) meeting scheduled for June...

Majority of Americans Hesitant to Embrace Central Bank Digital Currency, Survey Finds

13.6.2023
A recent poll conducted by the Cato Institute and public opinion firm Yougov reveals that the majority of Americans are hesitant to adopt a central bank digital currency (CBDC). The findings indicate that support for a CBDC remains relatively low among survey respondents. U.S. CBDC Support Remains...

Crypto Catalyst Watch: What Might Move Markets This Week

12.6.2023
The Federal Reserve’s latest rate hike decision and U.S. inflation data are among key upcoming items