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Digital Dollar Would Undermine Banks, No Compelling Case for It, US Bankers Argue
24.5.2022
The purported benefits of a central bank digital currency (CBDC) in the United States are “uncertain and unlikely to be realized,” and there is no compelling case for it, the American Bankers Association (ABA) has said in a letter to the US Federal Reserve (Fed). The letter also warned that...
WEF 2022: Bankers at WEF see the need for caution and speed on central bank digital currencies
23.5.2022
Experts point out sticking points as well as greatest needs in the creation of central bank digital currencies for domestic and cross-border, wholesale and retail, uses
G7 Finance Leaders Call for Swift and Comprehensive Crypto Regulation
21.5.2022
The G7 finance ministers and central bank governors have called for a swift and comprehensive regulation of crypto assets. The G7 decision followed the recent crypto market turmoil, including the collapse of cryptocurrencies LUNA and UST. G7 Countries Calling for Swift, Comprehensive Regulation...
Central bankers bellow Bitcoin on El Salvador's Bitcoin Beach
20.5.2022
On day three of El Salvador’s financial inclusion and funding for SMEs conference, Bitcoin has stolen the show
Bitcoin, Bukele and a bevy of central bankers meet in El Salvador
17.5.2022
El Salvador welcomed 44 central bankers from developing countries around the world to tackle financial inclusion and discuss Bitcoin at a three-day conference
Russian Bankers Suggest Criminalizing Crypto Storage in Non-Custodial Wallets
20.4.2022
Keeping cryptocurrencies in non-custodial wallets may be criminalized in Russia, if authorities accept a proposal from the trade association representing Russian banks. While financial regulators think the idea deserves attention, lawmakers and experts doubt it’s possible to implement such...
Russian bankers reportedly want to outlaw noncustodial crypto wallets
18.4.2022
The Association of Banks of Russia has previously collaborated with Binance as part of its expert center focused on crypto regulation
European Inflation Skyrockets to Record 7.5% — ECB Chief Lagarde Expects Energy Prices to ‘Stay Higher for Longer’
3.4.2022
While inflation continues to roar in the U.S., the inflation rate in the eurozone tapped another high last month reaching 7.5% in March. Energy and food prices have soared throughout the 19 member state economies, and ​​European Central Bank president Christine Lagarde expects energy...
Bitcoin, the Ukraine Crisis and the Central Bankers Dilemma
24.2.2022
James Butterfill is Investment Strategist and Christopher Bendiksen is the Bitcoin Research Lead at major European digital asset investment firm CoinShares.
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Bitcoin (BTC) had an immediate price response to the Ukraine invasion when the news broke early this morning. It has become...
Bank of England Hikes Bank Rate to 0.5%, Governor Andrew Bailey Hints at Wage Restraints
4.2.2022
The Bank of England (BOE) raised the country’s benchmark bank rate from 0.25% to 0.5% this week in order to curb rampant inflation. “We face a trade-off between strong inflation and weakening growth,” the British central bank’s governor Andrew Bailey told the press....
Putin Urges Government, Central Bank to Reach Consensus on Crypto, Highlights Russia’s Mining Potential
27.1.2022
President Vladimir Putin has joined the debate on the future of cryptocurrencies in Russia, calling on the government and central bank to work out a common position on their regulation. The Russian leader also emphasized Russia’s strengths as a crypto mining destination. Putin Asks Ministers...
Mark Zuckerberg’s Meta in Talks to Sell Assets in Crypto Project Diem: Report
26.1.2022
Meta, formerly Facebook, is reportedly in talks with investment bankers to sell its assets in the cryptocurrency project Diem, formerly Libra. The diem USD stablecoin was supposed to be issued by Silvergate Bank but it failed to get regulatory approval. Meta Reportedly Seeking Buyers for Diem...
US Senator’s Inflation Report Says ‘Its Only Going to Get Worse,’ Truflation Oracle Reveals True Inflation Rate
19.1.2022
America’s media, central bankers, and bureaucrats continue to debate the rising inflation in the U.S. that has raised the cost of living and increased the prices of goods and services nationwide. Senator Rand Paul, R-Ky., believes the inflation is “only going to get worse”...
G7 Finance Ministers and Bankers Adopt Guidelines for Central Bank Digital Currencies
15.10.2021
Any digital currency issued by a central bank must support financial and monetary stability, finance leaders from G7 member states have insisted. State-issued coins should also ensure privacy, transparency, and data protection, the officials stated. The forum adopted 13 public policy principles...
Central Bankers Say Bitcoin Is High Risk Investment, Poor Store of Value, Could Collapse
10.9.2021
Two central bank governors have shared their opinions about bitcoin after the cryptocurrency became legal tender in El Salvador. The governor of the Bank of Mexico sees bitcoin as a high-risk investment and a poor store of value while the governor of Sweden’s central bank, the Riksbank...
Central Bankers on Bitcoin, La Liga NFTs, Cardano's Upgrade + More News
9.9.2021
according to Bloomberg. He has added that “private money usually collapses sooner or later.” Meanwhile, Aleja
Bankers Rush To Fix Cross-border Payments as Crypto Competition Hots up
28.7.2021
The banking industry looks set to go to war with crypto – and is attempting to beat coins and their proponents at their own game, with the Bank for International Settlements (BIS) following on the heels of the international payments network SWIFT in a fresh assault.
Yesterday, Cryptonews.com...
Investment Advisor Says Bitcoin Is ‘Very Dangerous to Hold Today’ Citing Warnings by Regulators
20.7.2021
Investment advisor and former Prudent Bear Fund manager David Tice has warned about investing in bitcoin. Citing “negative statements” by central bankers and regulators, such as the Bank of England, he said that it is “very dangerous to hold” bitcoin today. Investment...
11% of Central Bankers Consider ‘Cryptocurrencies Like Bitcoin’ Gold Alternatives: UBS Survey
9.7.2021
A UBS survey finds that central bankers see benefits in investing in cryptocurrencies like bitcoin. 28% see benefits from cryptocurrency being an uncorrelated asset and “11% would consider it as an alternative to gold.” Central Bankers See Benefits in Investing in Cryptocurrencies Like...
Some Central Bankers Show Interest in Bitcoin; Inflation Fears Mount
7.7.2021
A survey of 30 central banks brought somewhat surprising results as some bankers showed signs of openness to cryptoassets such as bitcoin (BTC). Also, central bankers are becoming more concerned about inflation.
First, 14% of the respondents said that central bank digital currencies (CBDCs) would...