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Binance SEC lawsuit could dent crypto exchange’s global plans

21.6.2023
The U.S. SEC is issuing a spate of regulatory actions against major exchanges, including the world’s largest digital asset exchange, Binance

Bitcoin up 36% YoY after China warned BTC was ‘heading to zero’

21.6.2023
Despite warning about Bitcoin’s “worthlessness,” China has apparently never prohibited its citizens from HODLing the cryptocurrency

Lack of bipartisan support on crypto regulation could make US ‘less attractive’ to firms: Moody’s

20.6.2023
A report from the investors’ service pointed to a political divide in language on bills concerning stablecoins and providing a comprehensive framework for digital assets

Biden to discuss dangers of AI in San Francisco meeting with experts

20.6.2023
The U.S. president will meet with AI experts to discuss safety, policy and opportunities while he’s in San Francisco

Argentina Settled Almost 20% of Its Imports in April and May Using the Chinese Yuan

20.6.2023
The government of Argentina has noted that 19% of all imports authorized in the national system were settled using the Chinese yuan in April and May. $2.72 billion in Chinese yuan were approved to complete these payments, taking advantage of the Chinese swap line to preserve the dollar reserves...

UK government moves forward on financial markets bill for potential regulation of crypto

19.6.2023
Following a third reading in the House of Lords, the Financial Services and Markets Bill will return to the lower house of the U.K. Parliament for members to consider any changes

Latam Insights — Petro Liquidation Imminent, Ripple Partners With Colombian Central Bank

19.6.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, reports indicate that the Venezuelan government will liquidate the petro, Ripple partners with the Central Bank of Colombia, and Brazil issues...

Russia to Trial Digital Asset Settlements in Foreign Trade

17.6.2023
Bank of Russia plans to pilot cross-border payments using digital assets and central bank digital currencies, according to a deputy governor. The top executive believes these alternative instruments could increase efficiency in foreign trade while such settlements will not be permitted inside...

Reports Indicate Venezuela Is Preparing to Liquidate the Petro

16.6.2023
According to reports, the government of Venezuela could be winding down the operations of the petro cryptocurrency. The decision comes after Sunacrip, the Venezuelan cryptocurrency watchdog, was set back by the alleged participation of its former head Joselit Ramirez in a potential $20 billion...

Egypt Applies for BRICS Membership, Seeks Trade in National Currencies

16.6.2023
Egypt has filed an application to join the BRICS bloc, Russia’s ambassador to the Arab nation confirmed. The government in Cairo is interested in using alternative currencies in foreign trade, either national fiats or a new common currency, the diplomat unveiled. Egypt Takes Step to Join BRICS...

Ripple partners with Colombia’s central bank to explore blockchain technology

15.6.2023
The pilot program will run through 2023 with the intent of demonstrating blockchain utility to the general public

Hong Kong govt pressures banking giants to accept crypto clients: Report

15.6.2023
Hong Kong’s central bank reportedly asked major banks including HSBC, Standard Chartered and Bank of China why they aren’t accepting crypto exchanges as clients

US senators propose bill to eliminate section 230 protection for AI companies

14.6.2023
The bipartisan bill purportedly seeks to hold companies accountable for harm, but it’s unclear whether section 230 even applies to AI

US lawmaker invokes SEC lawsuits in considering crypto regulatory framework

13.6.2023
According to Rep. Maxine Waters, granting crypto firms provisional registration under a proposed framework "could reward bad actors with a ‘get out of jail free’ card"

Majority of Americans Hesitant to Embrace Central Bank Digital Currency, Survey Finds

13.6.2023
A recent poll conducted by the Cato Institute and public opinion firm Yougov reveals that the majority of Americans are hesitant to adopt a central bank digital currency (CBDC). The findings indicate that support for a CBDC remains relatively low among survey respondents. U.S. CBDC Support Remains...

Honduras Applies to Join BRICS Bank

13.6.2023
The government of Honduras has formally applied to become part of the New Development Bank, known as the BRICS bank, in an official visit of Honduran President Xiomara Castro to Shanghai. Honduras is now another country that has requested entry into the financial organization, alongside Argentina....