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US federal agencies release joint statement on crypto asset risks and safe practices

[Jan 3, 2023 4:16 PM] The Fed, FDIC and OCC teamed up to wish the banks they regulate a FUD-filled new year with a warning about the risks associated with crypto assets and their efforts to contain those risks.

The ‘godfather of crypto’ wants to create a privacy-focused CBDC: Here’s how

[Jan 3, 2023 12:33 PM] David Chaum explained his game plan to create a CBDC that would also be appreciated by the crypto ecosystem in an exclusive interview.

Report: Syrian Central Bank Devalues Local Currency by Nearly 50%

[Jan 3, 2023 8:30 AM] The Syrian central bank recently announced the nearly 50% devaluation of the Syrian pound’s exchange rate versus the greenback from 3,015 per dollar to 4,522 per dollar. The central bank also warned currency speculators that it will take…

Top 3 Macroeconomic Events to Watch in 2023 Amid Volatile Market Conditions

[Jan 1, 2022 1:00 PM] 2022 was a tough year for crypto assets, and as the world welcomes 2023, the macroeconomic backdrop remains uncertain. Macroeconomic events will continue to shape the crypto economy and the economy as a whole. This editorial takes a look at the top…

Bill on Digital Ruble Submitted to Russian Parliament

[Jan 1, 2022 1:00 AM] A draft law devoted to the digital ruble has been filed with the State Duma, the lower house of Russian parliament. The legislation introduces rules determining how the new form of national fiat will be issued and amends a series of legal acts to…

China’s Digital Yuan Little Used, Former Central Bank Official Says

[Dec 31, 2022 8:30 AM] Trials of the digital yuan have produced disappointing results, according to a report quoting the former head of research at the Chinese central bank. The new form of national fiat has brought no benefits to the banks and should expand beyond being…

Central Bank of Turkey Reports First Payment Transactions on Digital Lira Network

[Dec 31, 2022 2:30 AM] The Central Bank of the Republic of Turkey (CBRT) has conducted the first payment transactions on the test network of the digital lira. The monetary authority intends to proceed with more testing in 2023 and plans to invite banks and fintech…

Russia to Ban Banks From Using Messengers Like Telegram to Contact Customers

[Dec 25, 2022 12:30 AM] Financial institutions in Russia will not be able to communicate with clients through instant messengers based outside the country, local media revealed. A new law passed by the State Duma also prohibits banks from using chats to send personal data…

ECB to Decide Whether to Issue Digital Euro in 2023

[Dec 24, 2022 5:30 AM] The European Central Bank (ECB) has published a new report on the progress of its investigation into the possible launch of a digital euro. The research will continue next year with the regulator planning to make a decision whether to proceed to…

How crypto could be good for CBDC and vice versa: Industry exec explains

[Dec 23, 2022 2:24 AM] While some governments continue bashing crypto, some industry executives argue that crypto could be beneficial for CBDCs.

Rate Hikes Needed to Reduce Eurozone Inflation Despite Recession, Top ECB Official Says

[Dec 22, 2022 9:30 AM] Interest rates will continue to rise while the euro area falls into recession, a high-ranking executive at the European Central Bank (ECB) has indicated. His statements follow the latest rate increase announced by the monetary authority last week…

Bank of Russia to Test International Crypto Payments With Companies

[Dec 20, 2022 5:30 PM] The Central Bank of Russia plans to use cryptocurrency for cross-border payments in trials with private companies, a member of its top management has revealed. The testing will be conducted under a special legal regime that’s currently under…

Kazakhstan central bank recommends a phased CBDC rollout between 2023-25

[Dec 18, 2022 1:40 AM] Kazakhstan’s central bank recommended making the in-house CBDC available as early as 2023 with a phased expansion of functionality and introduction into commercial operation until the end of 2025.

National Bank of Kazakhstan Publishes Whitepaper for Digital Tenge

[Dec 17, 2022 11:00 PM] The central bank of Kazakhstan has completed the second phase of testing for its digital currency and published a whitepaper. The studies carried out by the regulator on its introduction did not identify significant risks for the country’s…

Central Banks to set standards on banks’ crypto exposure - BIS

[Dec 17, 2022 10:05 AM] The new standard limits crypto reserves among banks to 2% by 2025, and goes into effect on January 1, 2025.

Bank of Russia Moves to Safeguard Crypto Companies Against Sanctions

[Dec 15, 2022 8:30 PM] The Central Bank of Russia has introduced measures to protect entities working with digital assets from sanctions pressures. These businesses will be exempted from some reporting requirements as part of a regulatory relief intended to minimize the…

Dutch central bank says KuCoin is not licensed and 'illegally offering services'

[Dec 15, 2022 4:10 PM] "This may increase the risk of customers becoming involved in money laundering or terrorist financing," says De Nederlandsche Bank.

Federal Reserve Hikes Rate by 50bps, FOMC Signals Rate to Rise to 5.1% Next Year

[Dec 14, 2022 3:00 PM] The U.S. central bank’s Federal Open Market Committee (FOMC) convened on Wednesday and raised the federal funds rate by 50 basis points (bps). The 0.5 percentage point rise follows the four consecutive three-quarters of a point increases…

Bank of Russia Backs Crypto Mining Bill But Insists Minted Coins Should Be Exported

[Dec 10, 2022 5:30 AM] The monetary authority in Moscow has expressed support for the latest legislative attempt to legalize cryptocurrency mining. However, the regulator wants the extracted digital currency to be sold outside the country or only under special legal…

The impact of CBDCs on stablecoins with Bitget's Gracy Chen

[Dec 6, 2022 8:01 AM] While CBDCs will cater to local demands, cooperation between countries could facilitate and support the widespread adoption of readily-available stablecoins.

Central bank plans to make CBDC 'only legal digital tender' in Indonesia, says gov

[Dec 5, 2022 1:00 PM] “Collaboration and synergy on national and international level is critical to the development of Digital Rupiah,” said Perry Warjiyo.

Brazilian crypto industry gets regulatory clarity amid global uncertainty

[Dec 5, 2022 8:22 AM] The recent regulatory framework from the Brazilian Congress will benefit the country’s financial institutions and bridge local liquidity with global markets.

Pakistan launches new laws to expedite CBDC launch by 2025

[Dec 5, 2022 2:19 AM] The State Bank of Pakistan signed in new laws for Electronic Money Institutions — non-bank entities offering digital payment instruments — to ensure the timely issuance of a CBDC in the next three years.

Russia’s Largest Digital Asset Deal Denominated in Chinese Yuan

[Dec 5, 2022 1:00 AM] A Russian company has announced the country’s first authorized transaction with digital financial assets (DFAs) involving a foreign currency, China’s yuan. The deal, reportedly the largest made to date under the current Russian DFA law, covers the…

Hong Kong working on investor protection regulations, says central bank exec

[Dec 2, 2022 2:19 AM] Hong Kong central bank executive looked optimistic about the future of decentralized tech, while the Korean central bank governor has his doubts in the wake of the recent crypto contagion.

National Bank of Ukraine Unveils E-hryvnia Concept

[Dec 1, 2022 2:30 AM] The central bank of Ukraine has presented to interested parties a draft concept of the nation’s future digital currency, the e-hryvnia. The regulator is currently considering several potential applications for its digital coin, including retail…

European Central Bank blasts Bitcoin —community responds

[Nov 30, 2022 7:53 AM] After the European Central Bank released a blog post on the shortcomings of Bitcoin, the crypto community on Twitter took to the comments to defend the cryptocurrency.

National Bank of Ukraine releases draft concept for digital hryvnia

[Nov 29, 2022 4:03 AM] One of the design options for the Ukrainian CBDC describes the e-hryvnia available for usage in crypto exchange operations.

Bank of Japan to trial digital yen with three megabanks

[Nov 23, 2022 7:13 AM] The Japanese central bank plans to make a decision on whether to issue a digital currency by 2026.

Singapore central bank explains why Binance was on its alert list, but FTX wasn’t

[Nov 22, 2022 3:40 PM] The Monetary Authority of Singapore had its reasons, and there was nothing more it could have done about the FTX threat any way, just like other national regulators.