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ECB President Lagarde Warns of ‘Major Disaster’ If US Defaults on Debt Obligations
18.4.2023
There is a lot of discussion lately about the U.S. government’s debt ceiling and whether Congress will act before defaulting. In a recent interview, Christine Lagarde, the president of the European Central Bank (ECB), said she is confident the U.S. can maintain its debt obligations. However...
Russian Central Bank OKs ‘Experimental’ Use of Crypto in International Trade – More Crypto Adoption Incoming?
18.4.2023
The Russian Central Bank has said it is prepared to allow trading firms to do international business in a controlled “experimental” environment.
Per RIA Novosti, the Central Bank Governor and long-serving Vladimir Putin ally Elvira Nabiullina has come to terms with the fact that “cryptocurrency...
Israel's Central Bank Outlines Scenarios for Issuing a Digital Shekel
18.4.2023
The bank made it clear that no decision has yet been made on issuing a central bank digital currency
Hong Kong’s Banks Are Taking Lead on What e-HKD Will Look Like: Source
18.4.2023
At least one bank is leaning towards developing it on a permissioned blockchain
Israel’s central bank says CBDC could be issued if stablecoin use increases
18.4.2023
The Bank of Israel does not want private companies taking over the digital payments system in the country
CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs
16.4.2023
During the weekend, discussions about central bank digital currencies, or CBDCs, trended on social media as many people believe the idea will result in increased financial surveillance and a totalitarian monetary system. In a recent interview, Lynette Zang, the chief market analyst at ITM Trading...
Report: Nigeria-China Currency Swap Agreement Fails to Ease Pressure on the Naira
16.4.2023
Nigerian economic experts have said the country’s five-year-old currency swap agreement with China has not eased the pressure against the Nigerian currency. According to one expert, implementation of the swap arrangement is being held back by the size of the trade imbalance between Nigeria...
G20 Finance Chiefs Agree Global Policy Responses to Crypto Are Required
16.4.2023
The G20 finance ministers and central bank governors have agreed that crypto regulation cannot be confined to one part of the world, said India’s finance minister. “Any action on crypto assets will have to be global,” she stressed, adding that the G20 finance chiefs’...
Economist Paul Krugman Criticizes Florida Gov. Ron DeSantis’ Opposition to Central Bank Digital Currency
15.4.2023
Economist Paul Krugman questioned why Republican Florida governor Ron DeSantis opposes a central bank digital currency (CBDC) in a recent opinion editorial. Krugman suggested that DeSantis may be motivated by “general paranoia.” He speculated that DeSantis may be influenced...
Blackrock CEO Expects Inflation to Persist, but No Major US Recession in 2023
15.4.2023
Blackrock’s CEO, Larry Fink, stated in an interview on Friday that he does not anticipate a “big recession” in the United States. However, he believes that “inflation is going to be stickier for longer.” In contrast to the U.S. central bank’s 2% goal, Fink predicts that...
World's Most Influential Central Banks' Balance Sheets Look to Have Troughed
14.4.2023
The directional change suggests an end to the quantitative tightening that roiled cryptocurrencies last year
Europeans to See More Interest Rate Hikes, Central Bank Governors Indicate
14.4.2023
Further rate hikes are warranted by persisting inflation in the eurozone, according to members of its monetary authority’s decision-making body. Two central bank governors, with different opinions about how aggressive the European Central Bank should be, nevertheless agree that more increases...
Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency
13.4.2023
According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly pondering: “Why do all countries have to base their...
Despite Using Euro, Montenegro to Develop Own Digital Currency With Ripple
13.4.2023
Montenegro intends to create and issue its own digital currency with help from U.S.-based crypto company Ripple. The Southeast European nation, which adopted the euro unilaterally, is moving to realize the plan despite the eurozone developing a digital version of the common currency. Monetary...
G7 to Discuss More Crypto Regulation and How to Help Developing Nations Introduce Central Bank Digital Currencies
13.4.2023
The G7 countries are discussing more crypto regulation and ways to help developing nations introduce central bank digital currencies (CBDCs). “As a priority of this year, the G7 will consider how best to help developing countries introduce CBDC consistent with appropriate standards, including...
Russian Central Bank Attributes Recent Ruble Depreciation to Lower Forex Sales by Exporters
12.4.2023
The Russian central bank has attributed the ruble’s latest plunge against the U.S. dollar to the temporary reduction “in sales of foreign currency earnings by exporters.” The central bank also revealed that the Chinese yuan accounted for 39% of the Russian forex market’s...
XRP Price Prediction as Central Bank of Montenegro Plans CBDC Development with Ripple – XRP to $1 Soon?
12.4.2023
The world’s sixth-largest crypto XRP, boasting approximately $26 billion in market capitalizing, lost 3.3% in 24 hours amid an ongoing quest to secure higher support at $0.5 after bulls took a breather at $0.5853, the highest peak in March.
XRP is trading marginally above $0.5 mid-through this...
G-7 Aims to Aid Developing Nations in Introducing Central Bank Digital Currencies
12.4.2023
The Group of Seven (G7) organization aims to help developing countries introduce central bank digital currencies (CBDCs) in line with international standards.
During a recent speech in preparation for the International Monetary Fund and World Bank Spring 2023 meetings, Japan's top currency...
French central bank looks at certification, incorporation as part of DeFi regulation
11.4.2023
The Banque de France presented a well-written consideration of issues related to DeFi and forthcoming MiCA regulation, with suggestions
Today in Crypto: Ripple Partners with Montenegro Central Bank, Bitmain Facing a $3.6M Fine, Head of Exchange Vishal Gupta Leaving Coinbase
11.4.2023
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: Today in Crypto: Ripple Partners with Montenegro Central Bank, Bitmain Facing a $3.6M Fine, Head of Exchange Vishal Gupta...