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Moody’s Says Forex Shortages May Force Nigerian Central Bank to Delay Repaying Local Banks

17.2.2023
The persistent scarcity of foreign exchange may force the Nigerian central bank to delay repaying the $10.4 billion owed to local banks, analysts at Moody’s Investors Service have concluded. The central bank’s failure to pay its debts on time will likely force the affected financial...

Central Bank of Brazil President States Digital Real Pilot Is Imminent

17.2.2023
The president of the Central Bank of Brazil, Roberto Campos Neto, has clarified the status of the development of the Brazilian central bank digital currency (CBDC), the digital real. Campos Neto stated that the pilot test will start now and that banks will have to digitize more of their balances...

Swiss Crypto Company Taurus Raises $65 Million From Credit Suisse, Other Banks

16.2.2023
Digital asset infrastructure provider Taurus has secured millions of U.S. dollars in investment from major banking institutions. The successful funding round comes in the aftermath of negative developments in the crypto space, indicating that large players from traditional finance remain engaged...

SEC-retly Failing: How the SEC Is Letting Crypto Down

16.2.2023
When Gary Gensler (ex-Goldman Sachs investment banker) was announced as the new head of the Securities and Exchange Commission (SEC) in February 2021, the crypto industry saw a glimpse of hope. After all, the man in charge of regulating the industry was a “crypto native,” having taught...

Binance banking problems highlight a divide between crypto firms and banks

16.2.2023
With exchanges losing banking partners, experts are beginnig to warn of a widening relationship between crypto firms and traditional banks

Industrial Giant Siemens Issues €60 Million Digital Bond on Blockchain

16.2.2023
German conglomerate Siemens has for the first time issued a blockchain-based digital bond denominated in euros. In an announcement, the corporation highlighted the benefits of using blockchain, including the opportunity for direct sale to investors. Digital Bond Issued Under Germany’s Electronic...

EU Banks Told By Regulator to Apply Bitcoin Caps Even Before They Become Law

15.2.2023
The European Central Bank, which supervises big euro area lenders, said crypto should be treated as a risky asset

Stablecoins Are Not New. So Why Are Regulators Attacking Paxos?

14.2.2023

Rwanda Government Orders Banks to Stop Facilitating Crypto-Related Transactions

14.2.2023
According to the National Bank of Rwanda, the country’s regulated financial services providers are now prohibited from facilitating crypto-related transactions. In her Jan. 31 letter justifying the decision, the acting governor Soraya Hakuziyaremye cites the unregulated status of most crypto...

Proposed EU parliament rule could have banks apply 1,250% risk weight to crypto exposure

13.2.2023
The proposed rule change, putting crypto at one of the highest risk ratings at financial institutions, could go into effect until December 2024

CBDC Launch ‘May Cost Russian Banks $684m a Year’

13.2.2023
Russian commercial banks will lose $684 million a year if the nation’s Central Bank launches a central bank digital currency (CBDC), experts have claimed. The Central Bank vehemently opposes the adoption of what it calls “private cryptocurrencies” such as bitcoin (BTC). But the bank wants...

Restrictive Crypto Rules for EU Banks Confirmed in Published Legal Draft

13.2.2023
Banks in the European Union would have to treat crypto as the riskiest kind of asset and disclose exposures while awaiting more detailed rules

Crypto bank Silvergate ranks as the second most-shorted stock on Wall Street

12.2.2023
Over 72% of Silvergate Capital Corp stocks were shorted as of Jan. 31, shows FINRA's latest data

India’s Central Bank Reveals 50,000 Users and 5,000 Merchants Now Using Digital Rupee

12.2.2023
India’s central bank, the Reserve Bank of India (RBI), has revealed that 50,000 users and 5,000 merchants are now using its central bank digital currency (CBDC). Digital rupee transactions are currently processed by eight banks, with five more banks set to join the pilot soon, said RBI Deputy...

‘Midnight Massacre:’ SEC Crackdown on Crypto Staking Services Prompts Speculation of Further Enforcement Actions

10.2.2023
On Feb. 9, 2023, the cryptocurrency community learned of the U.S. Securities and Exchange Commission’s (SEC) crackdown on staking services. The SEC fined Kraken, a cryptocurrency exchange, $30 million for offering an “unregistered offering” related to its U.S. staking service....

Federal Reserve Governor Reinforces US Regulators’ Preference for Keeping Crypto Apart From Banks

10.2.2023
Parts of the crypto universe should be encouraged to thrive as long as they don’t threaten the U.S. banking system, said Christopher Waller, a Federal Reserve Board governor, who also shared an optimistic note that the young industry will work out its problems

Analyst Warns of Banks’ Authority to Confiscate Funds, Decline of US Dollar Purchasing Power

9.2.2023
According to Lynette Zang, chief market analyst at ITM Trading, U.S. banks have the legal authority to confiscate people’s funds due to legislation passed by Congress. In a recent interview, Zang discussed how the purchasing power of the U.S. dollar has dwindled to “roughly three...