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Colombia central bank recommends limiting CBDC holdings and spending

[Aug 17, 2023 7:28 AM] Setting limits on CBDC transactions could be beneficial to issues related to user privacy and security, according to the central bank of Colombia.

Singapore Announces Stablecoin Rules, MAS to Label Regulated Tokens

[Aug 16, 2023 3:30 AM] The Monetary Authority of Singapore (MAS) unveiled regulations aimed at ensuring the value stability of each stablecoin regulated in the city-state. Under the new rules, issuers that want their fiat-pegged tokens to be labeled as “MAS-regulated”…

Russia to Test Digital Ruble in 11 Cities, Moscow Subway

[Aug 12, 2023 1:30 AM] Russia’s capital Moscow and 10 other cities will host pilot tests for the digital ruble, Bank of Russia Deputy Governor Olga Skorobogatova announced. Over a dozen Russian banks are going to take part in the trials with real transactions and users…

Canadians have ‘weak incentives’ to use a CBDC: Bank of Canada

[Aug 10, 2023 11:07 PM] A central bank discussion paper found that the majority of Canadians have little trouble accessing financial services, which gives them little reason to use a CBDC.

Nigeria to issue verifiable blockchain certificates for NYSC

[Aug 10, 2023 3:34 AM] This initiative aims to house all NYSC certificates on the blockchain, providing individuals with the means to easily verify and authenticate them.

Blockchain․com Obtains Payment License in Singapore

[Aug 9, 2023 3:30 AM] Crypto company Blockchain․com has been granted a payment license in Singapore that will enable it to provide regulated services for digital assets. The authorization in the city-state, which is a major trading hub for the platform, is part of its…

Blockchain.com scores payment license from Singapore central bank

[Aug 7, 2023 5:44 PM] The crypto exchange is the 12th to receive a crypto-dealing license in the country allowing it to service accredited investors and institutions.

Ukraine demands local crypto businesses to provide financials

[Aug 1, 2023 5:26 AM] Trading volumes on the Ukrainian crypto exchange Kuna have shrunk 90% since March 2023 due to government policies, the CEO said.

South Korea to pilot CBDC in one of these three cities, not Seoul

[Jul 31, 2023 3:50 AM] South Korea pushes forward with its CBDC pilot and targets three potential test regions for issuing and distributing the digital currency.

Crypto․com Granted Registration Approval in the Netherlands

[Jul 30, 2023 2:30 AM] Digital asset exchange Crypto․com has been approved for registration as a crypto service provider in the Netherlands. The regulatory nod comes after a review of its business operations and compliance with the Dutch anti-money laundering…

SEC Case Had 'Almost No Impact' on Ripple's Talks With Central Banks, Says Exec

[Jul 28, 2023 10:10 AM] James Wallis said the decision that Ripple's sale of XRP did not constitute investment contracts was a major victory, not just for Ripple but also for the industry.

Indian Supreme Court raps Union government on crypto rules delay: Report

[Jul 28, 2023 6:46 AM] The Supreme Court bench asked the union government to file a report on whether the latter is capable of setting up a federal agency to investigate crypto-related crimes.

Italy’s Central Bank Taps Polygon, Fireblocks DeFi Project to Help Institutions Dabble With Tokenized Assets

[Jul 26, 2023 8:00 AM] The initiative aims to help Italian banks, asset managers and financial institutions, including the $1 trillion banking group Intesa Sanpaolo, experiment with decentralized finance and security tokens.

Existential threat? Why some banks are anxious about CBDCs

[Jul 26, 2023 7:01 AM] The prospect of a retail CBDC has some major banks anxious over their revenue streams.

Putin Signs Digital Ruble Law Allowing CBDC Payments in Russia

[Jul 25, 2023 4:00 PM] President Vladimir Putin has signed into law a bill on the introduction of the digital ruble in the Russian Federation. The new legislation, which legalizes and regulates the use of Bank of Russia’s digital currency for payments and other…

Federal Reserve of San Francisco hiring crypto architect for CBDC project

[Jul 23, 2023 3:42 PM] San Francisco's Federal Reserve Bank is seeking a crypto architect for a central bank digital currency (CBDC).

Kids Won’t Be Able to Spend Mom’s Digital Ruble as They Wish, Russian Official Says

[Jul 21, 2023 5:30 AM] The new form of Russia’s fiat, the digital ruble, will make spending more efficient for both government and family budgets, according to a high-ranking lawmaker. Anatoly Aksakov, who was involved in the recent adoption of the new digital ruble…

Wholesale CBDC Would Improve Cross-Border Payments, French Central Bank Tests Show

[Jul 21, 2023 5:11 AM] The French Central Bank has determined that its wholesale central bank digital currency (wCBDC) would improve cross-border payments, it announced on Friday.

Russian CBDC by 2025? What’s happening with the digital ruble

[Jul 19, 2023 7:01 AM] 2025–2027 might still seem far away, but the Central Bank of Russia is preparing its CBDC for mass adoption by then.

‘Done, Dead’ — DeSantis to Nix Central Bank Digital Currency on Day 1

[Jul 16, 2023 4:00 AM] Central bank digital currency (CBDC) is a “massive threat” to liberty, Republican Governor of Florida Ron DeSantis is convinced. During an interview with former Fox News host Tucker Carlson, DeSantis vowed to send CBDC “to the ash heap of history”

Ron DeSantis vows to ban CDBCs in the US if elected president

[Jul 15, 2023 10:10 AM] Speaking at the Family Leadership Summit on July 14, DeSantis promised to ban CBDCs in the United States if he is elected president.

United Kingdom’s digital pound meets public backlash — Why?

[Jul 14, 2023 7:10 AM] The use of physical currency for transactions is plummeting globally, so why is the U.K. so tentative with its own central bank digital currency?

Central Banks Controlling Money Is Not Democracy, Balaji Srinivasan Says

[Jul 12, 2023 5:30 AM] If central banks control all uses of money, this is not democracy, Coinbase’s ex-tech chief Balaji Srinivasan is convinced. The entrepreneur commented on statements by the head of the Bank of International Settlements during an IMF meeting devoted…

Stablecoins Pose 'Existential Threat' to Policy Sovereignty, Says India Central Bank Official: Report

[Jul 12, 2023 3:35 AM] "If large stablecoins are linked to some other currency, there is a risk of dollarization," RBI Deputy Governor Rabi Sankar has said.

Eurozone Inflation to Remain Higher Than 2% Target in Next 2 Years, ECB’s Lagarde Admits

[Jul 9, 2023 12:30 PM] Inflation in the eurozone has started to decline but the area’s monetary authority expects it to remain above its target in the next two years. The European Central Bank has to do more to bring it down, its governor commented on the backdrop of…

2 Rate Hikes or Hold? Fed Predictions Vary From No Rate Hikes to 6% in 2023

[Jul 3, 2023 2:00 PM] Based on projections from the U.S. Federal Reserve, it is anticipated that the central bank will implement two additional increases to the federal funds rate within the span of 2023. As indicated by Fed policymakers, they estimate the benchmark…

Federal Reserve's banking bailouts reach a new weekly high of $103B

[Jun 29, 2023 10:40 PM] 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

[Jun 29, 2023 10:00 PM] Reserve Bank of New Zealand however said that crypto and stablecoins should be more closely monitored.

Major US banks get passing grade in ‘severe recession’ stress test

[Jun 28, 2023 11:45 PM] America’s central bank has been stress-testing retail banks in the wake of several high-profile banking collapses earlier this year.

RBI lists risks of stablecoin for developing economies, calls for global regulation

[Jun 28, 2023 4:00 PM] The Reserve Bank of India listed six specific ways stablecoin can undermine emerging markets, adding to its mounting case against crypto.