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Ukraine to Bring Crypto into Legal Sphere after ‘Legalization’ Bill Passes
9.9.2021
ill was first introduced in the Verkhovna Rada in June 2020 after around a year of formulation by the Ministry of Digital Transformation. It passed its first reading shortly after, but was sent back to the committee stage for a number of key revisions.The ministry has spoken about bringin
Central Bank of Brazil Researches Creation of Digital Real
3.9.2021
Fabio Araujo, a representative of the Central Bank of Brazil, talked about the possible development of a Digital Real at a public hearing before the Committee on Science, Technology, Innovation, Communication and Information Technology of the Brazilian Senate. Araujo clarified that the Digital Real...
AOC, Pressley, Tlaib ‘Urge’ Biden to Replace Fed Chair With Someone Willing to Address ‘Climate Change’
1.9.2021
All the recent money creation from the Federal Reserve wasn’t enough, according to a few American bureaucrats, as three politicians from the House Financial Services Committee are urging U.S. president Biden to replace Fed chairman Jerome Powell with someone who will address “climate...
Korea’s FSC Chairman Nominee Skeptical Over Cryptocurrency as Financial Asset
26.8.2021
A former central bank official, nominated to head South Korea’s financial watchdog, has expressed skepticism about recognizing cryptocurrency as a financial asset. In comments to a parliamentary committee, Koh Seung-beom has confirmed his views on the matter align with those of international...
Alibaba launches NFT marketplace for copyright trading
17.8.2021
Alibaba has launched a new marketplace allowing trademark holders to sell NFT representing licenses to their copyright
Indian Government Clarifies Status of Cryptocurrency Trading, Regulation, Investor Protection
3.8.2021
India’s Ministry of Finance has answered some questions regarding the status of cryptocurrency trading in the country as well as crypto regulation and investor protection. The minister of state for the finance ministry has indicated that the recommendations in the draft bill proposed by...
Easy-Money Policy Continues: Fed Plans to Keep Purchasing Assets, Interest Rates to Stay Near Zero
29.7.2021
Members of the U.S. Federal Reserve discussed the possibility of economic measures and actions at the Federal Open Market Committee’s (FOMC) meeting on Wednesday. The Fed said that right now the central bank is not considering cutting back large asset purchases just yet, and the central bank...
State of Crypto: Congress Is Holding 3 Hearings Today, Here’s What to Expect
27.7.2021
Congress is holding three simultaneous hearings around cryptocurrencies today – and they're all on different types of use cases
US Senators Seek to Forbid American Athletes From Receiving and Using Digital Yuan During Beijing Olympics
21.7.2021
Three U.S. senators have urged the United States Olympic & Paralympic Committee to forbid American athletes from receiving or using digital yuan during the Beijing Olympics. Raising many concerns, including privacy, they warned, “Olympic athletes should be aware that the digital yuan...
IMF, World Bank, BIS Recommend Countries Work Together on CBDCs to Enhance Cross-Border Payments
18.7.2021
The International Monetary Fund (IMF), the World Bank, and the Bank of International Settlement (BIS) have conducted an extensive study of using central bank digital currencies (CBDCs) for cross-border payments. Their report to the G20 states that enhanced cross-border payments “can...
NGO Announces Plan to Use NFTs for Famine Victims of Ethiopia Tigray War
16.7.2021
A non-governmental organization (NGO), Save Tigray, has announced it will be using the proceeds from the sale of non-fungible tokens (NFTs) to support its goal of averting famine in Ethiopia’s war-torn Tigray region. According to Save Tigray, the NFTs, which are “based on interpreted...
Angola Hikes Benchmark Interest Rate as Central Bank Attempts to Tame Rising Inflation
5.7.2021
The Angolan central bank’s monetary policy committee (MPC) recently hiked the country’s benchmark interest rate from 15.5% to a record of 20%. The largely unexpected hike, which is one of the National Bank of Angola (NBA)’s attempts to curb inflation, marks the first time...
House committee reviews cryptocurrency risks, regulations in hearing
30.6.2021
A panel of expert witnesses and members of congress discussed the risks and rewards of cryptocurrency in committee Wednesday
Republican Campaign Arm Accepts Crypto Assets – Attempts to Pursue ‘Every Avenue to Stop Pelosi’s Socialist Agenda’
17.6.2021
The House Republicans’ campaign arm said on Thursday that it will be accepting cryptocurrencies using the payment processor Bitpay. The National Republican Congressional Committee (NRCC) is a lobbyist organization aimed at supporting the election of Republicans to Congress, via direct...
US National Republican Congressional Committee to Accept Crypto Donations
17.6.2021
The US National Republican Congressional Committee (NRCC) will reportedly start accepting cryptocurrency donations via major crypto payments provider BitPay - as a response to the speaker of the US House of Representatives Nancy Pelosi’s "socialist agenda."
NRCC is the Republican Hill...
Fed Expects 2 Rate Hikes in 2023, Stock Market Plunges, Powell Anticipates Higher Inflation
17.6.2021
The Federal Reserve on Wednesday told the public that it has forwarded the time frame for raising interest rates. “Progress on vaccinations will likely continue to reduce the effects of the public health crisis on the economy, but risks to the economic outlook remain,” the Federal Open...
Basel Committee Proposes Differentiating Regulation of Crypto Assets Based on Risks to Banks
12.6.2021
The Basel Committee on Banking Supervision has proposed dividing crypto assets into two groups and regulating them based on their market, liquidity, credit, and operational risks to banks. Cryptocurrencies, such as bitcoin, will be subject to “a new conservative prudential treatment.”...
The CBN Says Nigeria Will Have a Digital Currency Before End of Year
12.6.2021
Nigeria is likely to have its own central bank digital currency (CBDC) by the end of the year, an official with the Central Bank of Nigeria (CBN) has said. In his remarks following the bankers’ committee meeting, Rakiya Mohammed, who is the director of information technology at CBN, also...
Basel Committee Offers More Clarity To Banks Seeking Crypto Exposure
10.6.2021
In a move that could lead to new requirements being imposed on banks that deal with cryptoassets, the Basel Committee on Banking Supervision (BCBS) has issued a proposal to limit such banks’ crypto exposure by applying new credit and market risk requirements.
“Cryptoassets have given rise to...
Bitcoin Peeps Above $38K on Basel News
10.6.2021
The top cryptocurrency hit a high of $38,461 during the European hours, extending Wednesday's double-digit rally