Colombia’s Central Bank Partners with Ripple to Explore Blockchain Use Cases
[Jun 15, 2023 6:00 AM] The Latin American country will conduct a pilot to test Ripple's technology for its high-value payments system.
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Brazil Appoints Central Bank and Securities Commission as Crypto Market Regulators
[Jun 14, 2023 2:40 PM] The executive branch issued a decree with directives following the approval of a crypto law in December 2022.
EU’s new crypto law: How MiCA can make Europe a digital asset hub
[Jun 14, 2023 7:16 AM] MiCA was recently signed into law and published in the EU’s official journal, starting the countdown for implementing the first-of-its-kind crypto legislation in 27 member states.
US Inflation Cools to 4% Annual Rate, Setting Stage for Fed’s Decision on Interest Rates
[Jun 13, 2023 10:30 AM] The U.S. Bureau of Labor Statistics’ consumer price index (CPI) report, released on Tuesday, reveals that inflation in the United States has eased to a yearly rate of 4%. The latest development arrives just ahead of the upcoming Federal Open…
De-dollarization: Is it really happening?
[Jun 9, 2023 11:00 AM] In our latest Cointelegraph Report, we analyze the causes leading to the decline of the U.S. dollar as the world reserve currency and its potential implications.
Economist Larry Summers Urges Fed to Consider Half-Point Rate Increase in July
[Jun 3, 2023 3:30 PM] Larry Summers, the American economist and former U.S. Treasury Secretary, believes that should the U.S. Federal Reserve refrain from increasing the benchmark interest rate this month, a half-point rate hike may be necessary for July. As per the CME…
CBDC ‘may not be a compelling priority,' says Kenya’s central bank
[Jun 2, 2023 12:25 PM] The central bank released its statement in response to comments on a CBDC discussion paper published in February 2022.
Georgian central bank to launch AML probe into crypto firms
[Jun 1, 2023 7:51 AM] The National Bank of Georgia will launch mandatory supervision of virtual asset service providers starting from Sept. 1, 2023.
Indian banks asked 'to prepare for the future' with AI and blockchain
[May 31, 2023 12:40 AM] In an RBI-organized conference for the directors of Indian banks, deputy governor Mahesh Kumar Jain discussed risk strategies around sustainable growth and stability.
South Africa’s Perceived Pro-Russia Stance May Result in Secondary Sanctions Which Threaten Financial Stability — Central Bank
[May 30, 2023 3:30 AM] The South African central bank has said the that perception that the African nation has aligned itself with Russia could result in the imposition of secondary sanctions which threaten financial stability. The bank also warned in its latest…
Institutions seek detailed blockchain analytics for crypto adoption — Elliptic
[May 28, 2023 7:01 AM] Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions.
Brazil's Central Bank Selects 14 Participants for CBDC Pilot
[May 25, 2023 2:00 PM] Among those selected are the largest local banks, Visa and Microsoft.
Norway could go its own way on crypto asset regulation, central bank suggests
[May 25, 2023 2:00 PM] International regulation may be too slow and may represent interests that are not in line with Norway’s, Norges Bank suggests in an annual report.
German banks slowly adopt crypto, mostly for institutional investors
[May 25, 2023 1:22 AM] Doubts regarding crypto remain among German banks, but there is a growing concern about missing out on a potentially game-changing development.
Putin Wants Limit on Currency Purchases for Russians Dealing With Foreigners
[May 23, 2023 4:30 PM] Russian citizens and firms doing business abroad may soon be restricted in the amount of foreign currency they are allowed to acquire, on order from Vladimir Putin. Russia’s head of state now wants his government to cap such purchases on the…
Ron Paul Denounces US Government ‘Deceptions’ on Inflation; Mentions Federal Reserve Involvement
[May 22, 2023 1:30 AM] Ron Paul, a former congressman from Texas and former U.S. presidential candidate, has reflected on how the U.S. government is handling inflation and how it has been deceitful on the issue. Paul believes that if the U.S. government were to really…
Bank of Russia Expects Significant Growth in Digital Assets Market
[May 20, 2023 4:30 AM] The Central Bank of Russia predicts an increase in the issuance of digital assets, citing some of their advantages. The monetary authority has published a report presenting the progress made by the growing industry and assessing the prospects for…
Banks Not Getting Anticipated Benefits From Rate Hikes, ECB Executive Admits
[May 19, 2023 5:30 AM] Eurozone banks are profitable but the benefits from higher interest rates may be smaller than expected, according to the deputy head of the single currency area’s monetary authority. The official noted that while most of the tightening has been…
Hong Kong Launches Digital Currency Pilot With 16 Firms Including HSBC, Bank of China, Alipay
[May 18, 2023 8:00 PM] The Hong Kong Monetary Authority (HKMA) has announced the commencement of its e-HKD pilot which “will take deep dives into potential use cases in six categories.” The pilot paves the way for “the possible implementation of a retail central bank…
Pakistan Announces Fresh Ban on Crypto, but Adoption as a Hedge Remains Popular
[May 18, 2023 11:25 AM] Pakistan's government has hardened its stance against cryptocurrencies, with Minister of State for Finance and Revenue Aisha Ghaus Pasha saying they will “never be legalized in Pakistan.”
Pakistan to Ban Online Services Related to Cryptocurrencies
[May 18, 2023 3:30 AM] Authorities in Pakistan intend to prohibit all internet-based crypto services despite significant digital-asset investments made by Pakistanis. The decision comes as government officials in Islamabad take a strong stance against the legalization of…
Zimbabwe sells millions of gold-backed crypto tokens despite IMF warning
[May 14, 2023 11:22 PM] The Reserve Bank of Zimbabwe’s first gold-backed cryptocurrency sale has been a success.
Hedge Fund Mogul Stanley Druckenmiller Warns of ‘Hard Landing’ for US Economy
[May 14, 2023 4:30 PM] Billionaire hedge fund manager Stanley Druckenmiller has a dire prediction for the U.S. economy: a recession is looming, and it’s likely set to hit this June. Druckenmiller’s forecast comes as American consumer spending remains low, and is…
Biden Appoints New Fed Vice Chair as Fedwatch Tool Shows Slim Chance of Rate Hike at June Meeting
[May 14, 2023 11:30 AM] Investors believe it is highly likely that the target rate will remain unchanged at the June 14 Federal Open Market Committee (FOMC) meeting, following the U.S. Federal Reserve’s decision to increase the federal funds rate by 25 basis points…
Inflation Expectations of Eurozone Consumers ‘Increased Significantly,’ ECB Says
[May 12, 2023 4:30 AM] Consumers in the euro area have sharply raised their expectations about inflation in the coming months, the European Central Bank revealed. Survey data showing this comes after the monetary authority slowed the pace of its rate hikes last week…
BIS issues comprehensive paper on offline CBDC payments
[May 11, 2023 9:30 AM] According to the Bank for International Settlements, offline payments with CBDC raise new risks related to counterfeiting, fraud and privacy concerns.
With The E-Krona, Sweden Is Attacking The Virtues Bitcoin Is Built To Protect
[May 11, 2023 6:00 AM] This is an opinion editorial by Peter Bistoletti, a Bitcoiner who has lived in Sweden since 1971.Sweden is the nightmare example of a state destroying financial privacy, winning the war on cash and having control of all financial transactions…
Nigeria goes blockchain: Policy could impact digital identity
[May 8, 2023 2:30 AM] Nigeria’s crypto community celebrates the approval of the National Blockchain Policy, set to impact governance, digital identity management and e-payments.
Digital Assets for 1 Billion Rubles Issued in Russia in a Month
[May 7, 2023 3:30 AM] Platforms authorized by the Russian government issued digital assets worth around a billion rubles in April, the local press reported. The spike in the volume has been attributed to Russian companies experimenting with new financial instruments…
The Need for Clarity in Washington – Not Just on Crypto
[May 5, 2023 10:31 AM] The recent ambiguous messaging from the Federal Open Market Committee's meeting, which left markets struggling to interpret signals from the FOMC statement and Chair Jerome Powell's comments, is typical of the abstruse signals that can be found in…