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Bank of Russia to Monitor Banks’ Dealings With Crypto Exchangers

21.1.2022
The Central Bank of Russia has started to examine the operations of Russian banks with cryptocurrency exchangers, according to local media. Transactions between individuals through these platforms are of particular interest as the regulator believes these carry risks of financial losses and fraud....

Laos Licenses 2 Cryptocurrency Trading Platforms

21.1.2022
The central bank of Laos has issued licenses to two cryptocurrency trading platforms. Lao Digital Assets Exchange (LDX) and Bitqik are now the only two licensed entities that can offer full brokerage and trading services in cryptocurrencies and other digital assets in the country. 2 Cryptocurrency...

Bank of Russia Proposes Wide Ban on Cryptocurrency Use, Trade, Mining

21.1.2022
True to its hardline stance on decentralized digital money, the Central Bank of Russia is now pushing for a wide-ranging ban on crypto-related activities such as issuance, exchange, and mining. A consultation paper published by the regulator cites threats to financial stability and citizens’...

Joe Biden Claims Inflationary Pressure ‘Rests With the Federal Reserve,’ Praises the Fed’s ‘Extraordinary Support’

20.1.2022
On Wednesday, U.S. president Joe Biden explained that the country’s central bank was dealing with a large share of the inflationary pressures the American economy is dealing with today. Biden welcomes the possibility of tightening monetary easing and noted that he “respects...

Russian central bank proposes blanket ban on crypto mining and trading

20.1.2022
Russian central bank has demanded reinforcement of the ongoing crypto payment ban and seeks to introduce punishments

Russian Central Bank Proposes Crypto Use and Mining Ban

20.1.2022
The central Bank of Russia today proposed banning the use and mining of cryptoaassets on the country's territory. The proposed ban encompasses crypto exchanges too. The bank is citing threats to financial stability, economic security, and monetary policy sovereignty to justify this...

Gate.io Ventures Capital Investment in Seba Bank

20.1.2022
Gate Ventures – digital finance exchange, Gate.io’s venture arm – has announced its involvement with SEBA Bank’s Series C round, worth $119 million, in association with Altive. Established in 2018, SEBA Bank is a digital bank licensed under FINMA (Swiss Financial Market Supervisory...

Pakistan Telecom Authority Asked to Block Over 1,600 Crypto Sites — Minister Says Government Intends to ‘Regularize’ Crypto

20.1.2022
The Pakistan Telecommunication Authority has been requested to ban more than 1,600 crypto websites by the Federal Investigation Agency (FIA). The action followed a complete crypto ban recommendation by the central bank, the State Bank of Pakistan (SBP). Meanwhile, the country’s science...

Union Bank of the Philippines selects Metaco and IBM to facilitate digital asset custody operations

20.1.2022
"With the recent launch of our APAC headquarters in Singapore, we can ensure that we continue to offer best-in-class services to UnionBank and other clients in the region," says Patrick Enjalbal, VP Customer Success managing director of Asia-Pacific region at Metaco

China’s Central Bank Digital Currency Now Has 261 Million Users — $14 Billion in Digital Yuan Transactions Made

20.1.2022
China’s central bank digital currency now has 261 million unique users, according to an official of the central bank, the People’s Bank of China (PBOC). Furthermore, transactions worth 87.5 billion yuan ($13.78 billion) have been made using the digital yuan and more than 8 million...

Chinese Central Bank: In Pilote Stage, Digital Yuan Has 261M Active Users

20.1.2022
China’s central People’s Bank of China (PBoC) has claimed over 261m users in the nation activated digital yuan wallets by the end of last year – in addition to the 20 million-plus who have downloaded its official pilot app, which was released to marketplaces in some cities earlier this...

BIS general manager: Central banks generate trust, not big techs or “anonymous ledgers"

19.1.2022
According to the boss of the international institution owned by central banks, it is central banks that are best positioned to shape the future of money

Google Pays 'a Lot of Attention to' Crypto, Partners With Coinbase, BitPay + More News

19.1.2022
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: Google Pays 'a Lot of Attention to' Crypto, Partners With Coinbase, BitPay + More News

Two Main Macro Scenarios in Play for Bitcoin & Crypto in 2022 - CryptoCompare

19.1.2022
Persistent inflation, tighter monetary policy, or a reversal to lower inflation leading central banks to keep rates low are all scenarios that could play out and have an impact on crypto markets in 2022, crypto market data provider CryptoCompare said in a new report.... Read More: Two Main Macro...

Cryptocurrency ATMs Close Down in Singapore Following Central Bank’s Announcement

19.1.2022
Cryptocurrency ATMs have closed down in Singapore following the guidelines issued by the central bank, the Monetary Authority of Singapore (MAS). “To comply with the sudden announcement, we have ceased to offer buy or sell services via our five ATMs while seeking further clarification from...

Bitmex Acquiring German Bank to Create ‘Regulated Crypto Powerhouse’ in Europe

19.1.2022
Crypto exchange Bitmex is acquiring a German bank to create “a regulated crypto powerhouse.” The company plans to establish “a one-stop shop for regulated crypto products in Germany, Austria, and Switzerland.” Bitmex Plans to Become a Regulated Crypto Powerhouse...