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Asian CBDC projects: What are they doing now?
16.10.2021
Governments in Asia are quickly researching or implementing CBDCs. What does this mean for the region’s overdependence on the U.S. dollar?
Impossible to Run Away From Cryptocurrencies Says Zimbabwe Finance Minister
16.10.2021
Zimbabwe’s increasingly pro-crypto finance minister, Mthuli Ncube, recently told his colleagues in government that it is now impossible to run away from cryptocurrencies. Ncube said this after revealing that some 30% of the country’s youth are now invested in cryptocurrencies....
Bank of Russia to assess Bitcoin holdings volumes as $36M leave banks
15.10.2021
The Bank of Russia remains skeptical on crypto despite the Russian president viewing it as a potential unit of account
Japan will prioritize simplicity in CBDC design, says central bank executive
15.10.2021
The Bank of Japan is keen to ensure seamless integration of its central bank digital currency with the existing payment architecture
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...
ANZ bank settles debanking case with Aussie Bitcoin trader
15.10.2021
Allan Flynn won a settlement with ANZ for debanking him and is headed to the tribunal to take on Westpac next week
Morgan Stanley CEO Says Bitcoin Is Not a Fad, Crypto Is Not Going Away
15.10.2021
The chief executive officer of global investment bank Morgan Stanley says that cryptocurrency, including bitcoin, is not a fad. Noting that they are not going to go away, he said: “We’re watchful of it, we’re respectful, and we’ll wait and see how the regulators handle...
Zimbabwean Dollar Could Collapse, Business Lobby Warns
14.10.2021
A Zimbabwean business lobby group, the Confederation of Zimbabwe Industries (CZI), has warned that the country’s currency could collapse if authorities fail to “implement policy measures that are needed to support it.” Central Bank Approach Unsettling the Market In a letter...
Too early to talk about using crypto for oil trading, says Putin
14.10.2021
The Russian president has not excluded the possibility that, at some point, crypto will become a “means of accumulation.”
Search for fiat alternative ‘perfectly reasonable,’ says StanChart CEO
14.10.2021
The CEO of the British bank believes stablecoins, CBDCs and even NFTs will likely outgrow cryptocurrencies
Digital Pound Foundation launches to promote CBDC development in the UK
14.10.2021
The think tank wants to ensure the United Kingdom keeps pace with the developments in the emerging digital landscape
St. Louis Fed’s James Bullard Would ‘Support Starting the Taper in November’ to React to Inflation
14.10.2021
St. Louis Federal Reserve president James Bullard told the press on Tuesday that he thinks the U.S. central bank needs to wind down the buying of $80 billion worth of monthly bond purchases. Bullard says he would support tapering starting as early as November, in order to “react to possible...
G7 leaders issue central bank digital currency guidelines
14.10.2021
Financial leaders from the G7 agree that CBDCs would complement cash and should not be detrimental to the monetary system
Bank of England’s Deputy Governor Says Crypto Collapse Plausible, Regulators Need to Urgently Establish Rules
14.10.2021
Bank of England Deputy Governor Jon Cunliffe says that a collapse in the cryptocurrency market is certainly “plausible,” stating that regulators worldwide need to pursue crypto rules “as a matter of urgency.” While cryptocurrencies do not currently pose a threat to...
BoE deputy gov: regulators should pursue crypto as a 'matter of urgency'
13.10.2021
The central bank official spoke about the risks cryptocurrencies and stablecoins may pose when connected to traditional financial systems through individuals, financial institutions, hedge funds, and banks
Swiss Bank Seba Now Lets Customers Earn Yield on Crypto Holdings
13.10.2021
A FINMA-licensed Swiss bank, Seba, has launched a program enabling clients to earn yield on their crypto holdings. In addition, the bank will “provide support for centralized lending and borrowing services, enabling investors to generate yield by lending bitcoin and ethereum directly with...
Report: Kenya Has Fourth-Highest Interest in Cryptocurrency Globally
13.10.2021
Kenya has the fourth-highest interest in cryptocurrency globally, a new research study by Broker Chooser has found. According to the study, only three countries — Ukraine, Russia, and the United States — have had higher searches for cryptocurrency in the last 12 months than Kenya....
SEBA Bank launches problems for users to earn yield on crypto
13.10.2021
Customers can currently generate yields on Polkadot, Tezos and Cardano, but the bank said it planned to add more proof-of-stake protocols in the coming months
Bank of Spain Criticizes El Salvador’s Foray Into Bitcoin
13.10.2021
The Bank of Spain, the central bank of the country, criticized the adoption process El Salvador chose when declaring Bitcoin legal tender last month. In a report titled “The role of crypto assets as legal tender: the example of El Salvador,” the bank examines several pain points...
US Inflation Expectations Highest Since 2013, Gas Prices Skyrocket, Supply Chains Buckle
13.10.2021
Americans are still concerned about dealing with inflation, as the cost of goods and services has continued to rise significantly in a short period of time. The Federal Reserve has published the latest Survey of Consumer Expectations report and U.S. households believe inflation will be up 5.3%...