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Argentina Allows Banks to Open Yuan Accounts — Economist Says It Could Boost Chinese Currency as Safe Haven Alternative to US Dollar
2.7.2023
The central bank of Argentina has officially included the Chinese yuan as a recognized currency for making deposits in bank accounts. “Opening yuan accounts could attract more people and enterprises to exchange Argentinian peso to yuan, as more or less a ‘safe haven’ currency, instead of exchanging...
Bank of America Forecasts Transformative Role of Tokenization in Finance
2.7.2023
According to a recent research report by Bank of America (BofA), tokenization can revolutionize financial and non-financial infrastructure and financial markets in the next five to 15 years.
The report highlights the transformative power of tokenization and its wide-ranging implications...
Federal Reserve Chair Pushes Stronger Measures to Tackle Inflation, Considers Back-to-Back Rate Hikes
1.7.2023
Federal Reserve Chair Jerome Powell has reaffirmed the Fed’s hawkish stance. Noting that the latest economic data indicates that the Fed’s policy “may not be restrictive enough” and “has not been restrictive for long enough,” Powell stated that the central bank could...
Is Fednow the First Step Towards a Central Bank Digital Currency? Speculations Rise Ahead of Launch
30.6.2023
In recent days, there has been a buzz surrounding the upcoming debut of the U.S. Federal Reserve’s Fednow project, slated for July 1, 2023. The discussions surrounding this topic have sparked speculation about whether this marks the central bank’s inaugural foray into a central bank...
Today in Crypto: Mastercard to Start Testing Its Multi-Token Network This Summer, OKX's Liquid Marketplace Exceeds $3BN in Trading Volume, Binance’s Institutional Clients Remain Optimistic on Crypto
30.6.2023
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: Mastercard to Start Testing Its Multi-Token Network This Summer, OKX's Liquid Marketplace Exceeds $3BN...
New Zealand Is Not Exploring Crypto Regulation, but Recommends Increased Vigilance
30.6.2023
After receiving 50 submissions as part of a consultation process, the Reserve Bank of New Zealand (RBNZ) has said it won't propose a regulatory approach towards stablecoins and crypto-assets
Presidential Candidate Javier Milei Claims He Has the Funds to Dollarize Argentina
30.6.2023
Javier Milei, a liberal presidential candidate in Argentina, stated recently that he has the funds needed for the dollarization of the country at the current market prices. Milei noted that his team had signed an NDA (non-disclosure agreement) with unknown third parties that would provide...
Federal Reserve's banking bailouts reach a new weekly high of $103B
30.6.2023
The Fed’s emergency loan facility has reached new highs as embattled banks are needing a central bank bailout
Crypto 'regulatory approach isn't needed now' — New Zealand central bank
30.6.2023
Reserve Bank of New Zealand however said that crypto and stablecoins should be more closely monitored
Binance to Lose Euro Transfers as Paysafe Drops Support
30.6.2023
Paysafe will discontinue support for bank transfers of euros to and from Binance, the payments provider announced. The news comes when the world’s largest cryptocurrency exchange finds itself under pressure from regulators and banking partners in Europe and elsewhere. Paysafe to Stop Euro Deposits...
Swiss Private Bank Julius Baer Targets Dubai for Expansion of Crypto Wealth Services
29.6.2023
Swiss private banking giant Julius Baer Group, that began offering Bitcoin and other crypto services to wealthy clients in May last year, is now expanding its crypto presence in Dubai.
Jonathan Hayes, the bank’s head of crypto development, told Bloomberg that the United Arab Emirates (UAE) is...
Tokenization Is Likely to Transform Infrastructure and Financial Markets: Bank of America
29.6.2023
Implementation of blockchain technology will accelerate as the opportunity cost of uncaptured efficiencies increases, the report said
Major US banks get passing grade in ‘severe recession’ stress test
29.6.2023
America’s central bank has been stress-testing retail banks in the wake of several high-profile banking collapses earlier this year
Italy’s central bank calls for framework to prevent stablecoin runs
29.6.2023
Bank of Italy is calling for closer regulator scrutiny of stablecoins, which they say “have not proved stable at all.”
RBI lists risks of stablecoin for developing economies, calls for global regulation
29.6.2023
The Reserve Bank of India listed six specific ways stablecoin can undermine emerging markets, adding to its mounting case against crypto
Mastercard is Piloting Tokenized Bank Deposits in New UK Testbed
28.6.2023
The card giant is launching what it calls a Multi-Token Network (MTN), which will begin by testing tokenized bank deposits and move onto experiments using stablecoins and CBDCs
Microstrategy Expands Bitcoin Position With $347 Million Investment, Pushing Total Holdings to 152,333 BTC
28.6.2023
Microstrategy has purchased 12,333 more bitcoin for about $347 million, growing its cryptocurrency holdings to 152,333 btc. The Nasdaq-listed software company’s announcement came amid a series of positive developments in the crypto industry. Microstrategy Adds 12,333 Bitcoin to Its Holdings...
Bank of England's CBDC 'Britcoin' May Not Rely on Blockchain
28.6.2023
The Bank of England is still mulling over which technology will underpin its Central Bank-Backed Digital Currency (CBDC).
All other central banks are using Blockchain technology to issue their national digital currencies. However, the Bank of England has not decided on it yet.
The head of...
Swiss Central Bank to Launch Wholesale CBDC Soon Says Chairman Thomas Jordan
28.6.2023
The Swiss National Bank (SNB) said it plans to issue a wholesale central bank digital currency as a pilot via SIX Digital Exchange, a subsidiary of SIX, an operator of infrastructure for the Swiss and Spanish financial centers. SNB chairman Thomas Jordan said while the Central Bank has not ruled...
Shanghai Clearing House Introduces Support for Digital Yuan Settlements
28.6.2023
The Shanghai Clearing House, Asia’s first counterparty clearing institution, announced support for payments made with the digital yuan Monday. According to reports, the move will allow companies to settle transactions for commodities in bulk, promoting the digital yuan, the Chinese central...