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Latvia’s central bank opens pre-licensing consultations to crypto companies
9.9.2024
Latvia’s central bank is taking proactive steps to align with the EU’s upcoming crypto regulations by offering free pre-licensing consultations for crypto-asset service providers
Moscow Exchange Opts out of Russia’s Crypto Trading Program
9.9.2024
The Moscow Exchange (MOEX), Russia’s largest securities marketplace, will not participate in an experimental program for cryptocurrency trading, as confirmed by Nikolai Trunichkin, head of digital projects at the exchange. This decision follows the Russian State Duma’s July approval of...
Russia Expands Digital Ruble Pilot With New Features: Widespread Use Expected in 2025
9.9.2024
Russia’s central bank is expanding its digital currency pilot program, involving 9,000 individuals and 1,200 companies. New features for the digital ruble, including payments via QR code, will be tested. Full-scale implementation is expected by late 2025. According to officials, demand...
Central Bank of Brazil Reveals New Use Cases to Be Tested in Its Drex CBDC Second Pilot Phase
8.9.2024
The Central Bank of Brazil disclosed a new set of use cases that will be part of the second phase of the ongoing pilot of its drex CBDC. Among the 13 instances selected from the 46 presented are platforms for tokenizing real estate, liquidity pools for trading public securities, and even automating...
Visa and Santander Selected by Brazil’s Central Bank for a Second Phase of CBDC Pilot
5.9.2024
In May 2023, the BCB selected 14 participants for the first phase of the pilot
Central Bank of Brazil Hints at a Future Integration of AI Into Its CBDC
5.9.2024
The Central Bank of Brazil has hinted at implementing artificial intelligence (AI) and data monetization processes into Drex, its central bank digital currency (CBDC). In a recent presentation, Roberto Campos Neto, the Central Bank of Brazil’s president, stressed that the bank’s...
Amid Criticism, Central Bank of Argentina Confirms Moving Gold Abroad
5.9.2024
In a recent press release, the Central Bank of Argentina acknowledged sending part of its gold holdings abroad, stating that it had “recalibrated” the nation’s gold between its accounts. The institution faced criticism from some lawmakers who are concerned that this gold located...
Arthur Hayes: Bitcoin Could Slip to $50,000 — Altcoins Could Dive ‘Into the Gutter’
5.9.2024
Arthur Hayes, co-founder of crypto exchange Bitmex, has warned of a scenario where bitcoin could “slowly leak lower towards $50,000” and “altcoins could dive deeper into the gutter.” Focusing on the impact of dollar liquidity and Federal Reserve policies, Hayes remains...
$2,700 in 2025: Goldman Sachs Has ‘Highest Confidence’ in Gold Amid Market Challenges
4.9.2024
While gold dipped below $2,500 per ounce, Goldman Sachs commodity analysts remain optimistic, suggesting gold could experience a “potential gain of 8%” amid the “current softening cyclical environment.” Goldman market strategists are particularly confident in this precious metal, stating that,...
Beleaguered Libyan Central Bank Governor Flees Armed Militia
4.9.2024
Libya’s central bank governor, Sadiq al-Kabir, has fled the country due to threats and intimidation from armed militias. He claims that these actions are aimed at forcing him and other bank staff to return to work and comply with the interim Prime Minister’s attempts to replace him....
Report: Central Bank Gold Demand Surges in July Amid Rising Prices
3.9.2024
Central banks globally continued to bolster their gold reserves in July, despite an increase in gold prices, according to a report by Krishan Gopaul, senior analyst, EMEA at the World Gold Council. The report highlights a 206% increase in net gold purchases compared to the previous month, driven...
Qatar Unveils 2024 Digital Assets Framework
2.9.2024
Qatar has launched a new framework to regulate digital assets, aiming to create a secure and transparent ecosystem. The framework is expected to attract domestic and international players and support the development of a thriving financial services sector in Qatar. Building Foundation for Digital...
Qatar introduces regulatory framework for digital assets
2.9.2024
Qatar’s central bank governor believes that the framework will bring opportunities to the country’s financial sector.
Central banks buying gold at record levels, but Bitcoin still outperforms
2.9.2024
Central banks bought a record 483 tonnes of gold in the first half of 2024, driving the asset to an all-time high.
Russian Economy Sees Growth Despite Western Sanctions and Declining Imports
2.9.2024
The Russian economy has experienced substantial growth across various sectors, with unemployment rates remaining historically low, despite ongoing Western sanctions related to the Ukraine conflict. Industrial production, driven by military manufacturing, saw a 3.3% increase in July, and the...
Arthur Hayes Predicts Bitcoin Boom as Central Banks Cut Interest Rates
1.9.2024
Bitmex co-founder Arthur Hayes is optimistic about bitcoin’s future, citing recent interest rate cuts by central banks. He believes further rate cuts by the U.S. Federal Reserve, Bank of England, and European Central Bank could expand the money supply and drive inflation. Hayes argues that...
The Impact of CBDCs on the Crypto Ecosystem: An Exclusive Guide
31.8.2024
Central Bank Digital Currencies (CBDCs) are rapidly emerging as a transformative force within the financial world. Unlike cryptocurrencies, which are […]
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Banks face new risks from permissionless blockchains, BIS warns
30.8.2024
To mitigate risks associated with public blockchain networks, the paper proposed appointing an entity with the authority to "control and limit access" to cryptocurrency assets
India’s Central Bank Governor Discusses CBDC Progress and International Strategy
30.8.2024
The Reserve Bank of India (RBI) is actively exploring the potential of central bank digital currency (CBDC) on an international scale, according to Governor Shaktikanta Das at the Global Fintech Fest. The RBI is focusing on enhancing CBDC’s interoperability with existing retail payment...
‘Bitcoin hasn’t had the widespread adoption we hoped for’ — Nayib Bukele
29.8.2024
The El Salvador President seemed to embrace the ”authoritarian” label while admitting the country had not seen as many benefits from Bitcoin as he anticipated