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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.
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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....
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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...
Singapore crypto ATMs shut down after central bank crackdown
19.1.2022
The move is part of a broader effort by the Singaporean watchdog to regulate advertising cryptocurrency to the public
Iran to reportedly pilot central bank digital currency soon
19.1.2022
The Central Bank of Iran hinted at a possible CBDC pilot soon without elaborating on the time frame of the program
'The risks outweigh the benefits' of a Swiss CBDC, says SNB governing board member
18.1.2022
"This does not mean the SNB is not interested in CBDC, but our focus is to look at the role that wholesale CBDCs could play," said Andréa Maechler
BitMEX execs reveal EU expansion with German bank acquisition
18.1.2022
Founded by BitMEX execs, the BXM Operations plans to expand operations in Europe through the acquisition of the German bank Bankhaus von der Heydt
Dollar Fails To Catch A Lift From Higher Yields, Bank Of Japan In Focus
18.1.2022
Bank of Japan’s meeting on January 18, 2022, has come out as a turning point for the current month. Two issues were discussed with the main emphasis on the Bank of Japan committing to fix its monetary policies. Another issue that the committee worked out in the meeting was the revision of...
BitMEX to Acquire German Bank as It Plans One-Stop Crypto Shop in DACH Region
18.1.2022
BXM Operations AG, a company set up by executives of crypto exchange platform BitMEX, plans to purchase German bank Bankhaus von der Heydt as the BitMEX group aims to establish a one-stop-shop for regulated crypto products in the DACH region (Germany, Austria, and Switzerland)....
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