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While the Fed Monitors the ‘Ukraine Situation Closely,’ Powell Still Expects a Series of Quarter-Point Rate Hikes
3.3.2022
Federal Reserve chairman Jerome Powell still expects to see interest rate hikes starting in March, but the Fed chief further stressed that the central bank will “need to be nimble.” In remarks prepared for members of U.S. Congress, Powell discussed the Russian invasion of Ukraine...
Cut Central Bank out of Russian Crypto Regulation Picture, Urges Lawyer as Ukraine War Rages On
3.3.2022
The time has come to fast-track crypto mining regulation, a leading Russian lawyer has advised – even if this means removing the Central Bank from the equation....
Read More: Cut Central Bank out of Russian Crypto Regulation Picture, Urges Lawyer as Ukraine War Rages On
China's share in Bitcoin transactions declined 80% post crackdown: PBoC
3.3.2022
China has carried out multiple crypto crackdowns and enforced numerous bans on crypto markets since 2013, however, Chinese traders have always found a way to bypass these bans
Rwanda May Not Reach Decision on CBDC Issuance Until End of 2022 — Central Bank Official
3.3.2022
The Rwandan central bank may not know whether it can issue a digital currency until December 2022, when it completes a study that looks at the benefits and risks that come with such a currency, the bank’s deputy governor has said. The Investigation Phase The deputy governor of the Rwandan...
China’s Digital Yuan Set for Local Adoption, Airport, Banking Drives
3.3.2022
China’s digital yuan is edging ever closer to a nationwide rollout, with banks, airports, and provinces looking to boost their adoption efforts following last month’s Winter Olympics and ahead of the Paralympic Winter Olympics....
Read More: China’s Digital Yuan Set for Local Adoption, Airport...
Russian Consumers, Firms Feeling Impact of Sanctions as Ruble Keeps Diving
2.3.2022
Ordinary Russians are increasingly starting to feel the bite of Western-led sanctions, media reports from inside the country have indicated.
The ruble fell once again today and, at the time of writing, is worth around USD 0.0090, or 26% less than on the day of the invasion of Ukraine (February...
Russian Bank Run Begins as Ruble Plunges to Record Low Amid Escalating Sanctions
28.2.2022
A bank run has started in Russia as citizens rush to withdraw cash amid escalating sanctions. The Russian ruble also nosedived to a record low, plunging more than 30%. “There are about 70 people in line. Eyewitnesses say the money in the ATM runs out within 40 minutes.” Russians Rush...
Russian Central Bank Claims its SWIFT Alternative Is Ready
28.2.2022
The Russian Central Bank is talking up its SWIFT alternative as they try to go it alone without a way into the international banking network....
Read More: Russian Central Bank Claims its SWIFT Alternative Is Ready
US Treasury Prohibits Transactions With Russia's Central Bank
28.2.2022
The U.S. Treasury has prohibited transactions with the Central Bank of Russia and imposed sanctions on a key Russian sovereign wealth fund
Russians Ditch Ruble, Central Bank Scrambles as Fiat ‘Destruction’ Looms
28.2.2022
Reports on social media claim that citizens in Russian have been spending their cash on luxury items, electronics, and other goods in a bid to dump the ruble before the markets reopen today.
A Moscow Times journalist claimed that the “mood” was similar to 2014, when the Russian markets were...
Central Bank of Russia Braces for Turmoil With Nonresident Trading Ban
28.2.2022
Brokers will not be able to execute trades on Russian equities for non-residents as central bank prepares for a tumultuous market opening
Private Banks Propose to Help Design Digital Currency in Mexico
27.2.2022
Private banks in Mexico want to join efforts with the central bank of the country in the creation of a new digital currency. The president of the Mexican Bank Association (ABM) met with the governor of the Bank of Mexico to offer the help of the group of private banks for the creation of a […]
Russian Rubles Could Become 'Worthless' as Allies Target Central Bank After SWIFT Move
27.2.2022
After the EU, Canada, and the US agreed to remove selected Russian banks from the SWIFT messaging system, the Russian Central Bank is to be targeted next, which could make rubles "close to worthless."
In a joint statement on Saturday evening, the allies said they commit to ensuring that...
Bitcoin, Tether, Ethereum Trade for Premiums in Ukraine, Hryvnia BTC Price $3K Higher Than Global Average
26.2.2022
After Ukraine’s central bank imposed a limit on cash withdrawals, Kuna, a cryptocurrency exchange that provides trades in ruble and hryvnia saw a notable surge in volume. Moreover, to this day, crypto-assets being swapped on Kuna such as bitcoin, tether, and ethereum are trading for...
Russian Central Bank Ramps up USD Exchange Rate as Ruble Run Worries Mount
25.2.2022
Russia’s Central Bank is desperately trying to avoid a run on the fiat ruble in response to incoming sanctions measures from the EU, the United States, and their allies. And as the Ukraine crisis deepens, the bank has unleashed yet more extreme measures – which may eventually include freezing...
Crypto Donations Pour into Ukraine - Here's How You Can Contribute
25.2.2022
Cryptoassets are proving themselves to be a useful method to raise money for organizations in Ukraine, as banks implement new restrictive measures and at least one fiat-based fundraising service has suspended donations to a Ukrainian non-profit....
Read More: Crypto Donations Pour into Ukraine...
Central Bank of Argentina Prepares New Regulations for Digital Wallets
25.2.2022
The Central Bank of Argentina is reportedly working on a new group of regulations seeking to control the totality of the digital wallets in the country. This new legal framework is directed at stopping fraud said to be facilitated by these tools. According to leaks on local media, the publication...
Ukraine Central Bank Limits Cash Withdrawals Amid Russian Assault
24.2.2022
The central bank of Ukraine has capped withdrawals of cash in national fiat and banned those in foreign currency. The monetary authority says the measures aim to ensure the functioning of the nation’s financial system under the martial law introduced in response to Russia’s military...
Bitcoin, the Ukraine Crisis and the Central Bankers Dilemma
24.2.2022
James Butterfill is Investment Strategist and Christopher Bendiksen is the Bitcoin Research Lead at major European digital asset investment firm CoinShares.
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Bitcoin (BTC) had an immediate price response to the Ukraine invasion when the news broke early this morning. It has become...
With War Starting and Markets Dropping, Questions Multiply About Central Banks’ Policies
24.2.2022
As bitcoin (BTC) and crypto markets in general have gone down over the past day and week, amid the escalating tension between Russia and Ukraine, sanctions imposed on the former, and today’s invasion of the latter – more questions keep popping up about the EU and the US central banks’ upcoming...