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Zimbabwe Central Bank Denies Forced Remittance Conversion Claims
17.8.2024
The Reserve Bank of Zimbabwe (RBZ) has denied claims that it intends to force recipients of U.S. dollar-denominated remittances to convert their funds into local currency. The central bank clarified that it has no plans to review its diaspora remittances policy. According to the RBZ, the market...
Pierre Poilievre Backs Bill to Ban Central Bank Digital Currency in Canada
16.8.2024
Pierre Poilievre, leader of Canada’s Conservative Party, backs a bill that seeks to ban central bank digital currency (CBDC) in Canada. He argues that a CBDC would give the government excessive control over finances, threatening privacy and economic freedom. “It’s time to put...
CPI Report Sparks Fed Rate Cut Hopes as Inflation Slows to 2.9%
14.8.2024
On Wednesday, the U.S. Bureau of Labor Statistics rolled out its latest consumer-price index (CPI) report, revealing a 2.9% increase over the past 12 months through July—falling just short of economists’ 3% forecast. This data nudged CME futures metrics upward, reflecting growing market...
German State-Owned Development Bank Prepares for Tokenized Bond Issuance with Boerse Stuttgart Digital in ECB Trial
12.8.2024
Traditional finance institutions are increasingly exploring ways of putting assets like bonds, credit and funds on blockchain rails, known as RWA tokenization, to pursue operational benefits
Kyrgyz Republic proposes digital som legislation, CBDC launch by 2027
9.8.2024
The small Central Asian country is currently taking public comments on its framework legislation
MiCA regulation poses ‘systemic risk’ to banking system, says Tether CEO
9.8.2024
According to Tether CEO Paolo Ardoino, recently approved MiCA regulations threaten both banks and stablecoin issuers
Trump Suggests Presidents Should Weigh in on Fed Policies, Jabs at Powell’s Interest Rate Timing
9.8.2024
On Thursday, at a press conference held at Mar-a-Lago, former President Donald Trump shared his thoughts with reporters, stating that the sitting president should have a voice in the U.S. Federal Reserve’s monetary policies. Trump targeted Fed Chair Jerome Powell’s actions concerning...
Fedwatch Tool and Polymarket Point to Highly Probable Rate Cuts by the Fed
6.8.2024
Following the recent volatility in global equity markets, some analysts suggest that the U.S. Federal Reserve might implement an emergency rate cut before September. In addition, market predictions are leaning toward a rate cut at the September Federal Open Market Committee (FOMC) meeting. The...
Gold Breaks $2,500 per Ounce, Reaching Historic Highs Powered by Fed’s Decision and Geopolitical Risks
2.8.2024
Gold prices reached historic highs on August 1, breaking the $2,500 mark on the New York Comex exchange. The precious metal reached a price of $2,502.6 for the first time in its history, influenced by the U.S. Federal Reserve’s decision to leave interest rates unchanged, geopolitical risks, and...
EU MiCA implementation is a “pivotal moment” for crypto regulations: compliance expert
2.8.2024
The European Central Bank recently joined forces with Crystal Intelligence, as its blockchain analytics partner for the upcoming MiCA implementation
North Carolina lower chamber overturns governor’s veto of CBDC ban
1.8.2024
The bill received strong support in the General Assembly. Now the state Senate will consider overturning the veto
North Carolina lower chamber overturns governor’s veto of CBDC ban
1.8.2024
The bill received strong support in the General Assembly. Now, the state Senate will consider overturning the veto
Can Bitcoin price break out after Bank of England interest rate cut?
1.8.2024
This marks the bank’s first interest rate cut in over four years, with the last rate cut occurring in March 2020
Can Bitcoin price break out after Bank of England interest rate cut?
1.8.2024
This marks the bank’s first interest rate cut in over four years, with the last rate cut occurring in March 2020
India’s Digital Rupee Surpasses 5 Million Users, RBI Discloses
1.8.2024
India’s central bank, the Reserve Bank of India (RBI), has revealed that as of June, there were five million digital rupee users and 420,000 merchants participating in the retail central bank digital currency (CBDC) pilot. The RBI emphasized that the digital rupee is designed to complement...
US Senator Discusses Trump’s Bitcoin Plan and National BTC Stockpile
1.8.2024
U.S. Senator Bill Hagerty has discussed former President Donald Trump’s bitcoin plan, which includes creating a national bitcoin stockpile. The lawmaker expects to see several legislative proposals beyond what Trump announced. He believes this move will establish credibility for the currency...
Stablecoin Balance Sheets Can Be Supervised, BIS and UK Central Bank Project Claims
31.7.2024
Project Pyxtrial is a first step towards a tool that could support supervisors and regulators in proactively detecting issues in stablecoin backing, the report said
Gold Demand Hits Q2 Record High, Driven by Central Bank Purchases, World Gold Council Reports
31.7.2024
The World Gold Council’s Q2 2024 report highlights a year-on-year increase in gold demand, marking the highest second-quarter demand since 2000. This surge is fueled by central bank purchases and OTC investments, with central bank gold buying up by 6% and technology sector demand rising...
Russia to Initiate Crypto Payments Internationally by Year-End, Central Bank Governor Says
31.7.2024
Russia plans to launch international cryptocurrency payments by the end of the year to counter Western sanctions, according to the governor of the Bank of Russia. The central bank is prepared to be flexible and is already discussing the conditions of this initiative with various ministries...
Bank of England to experiment with wholesale CBDC, synchronization
30.7.2024
The BOE is considering applying DLT to its existing settlement system and introducing a wCBDC