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Eurozone’s monetary authority, the Eurosystem, is looking to enlist financial companies willing to develop front-end solutions for the digital euro. The plan is to carry out a “prototyping exercise” this year to test transactions to the back-end developed by the regulator. Eurosystem to Select Front-End Providers for Digital Euro Project Within the ongoing investigation into … Read more
The bank hinted that the OCC’s actions might help establish a regulatory precedent that could encourage other firms in the space to set up federally regulated digital asset banks. Go to Source Powered by WPeMatico
The Australian Prudential Regulation Authority foresees enacting requirements for bank exposure, operational risk and stablecoins by 2025. Go to Source Powered by WPeMatico
Keeping cryptocurrencies in non-custodial wallets may be criminalized in Russia, if authorities accept a proposal from the trade association representing Russian banks. While financial regulators think the idea deserves attention, lawmakers and experts doubt it’s possible to implement such a measure. Russian Banks Move to Curb Use of Private Cryptocurrency Wallets Challenges with foreclosure and … Read more
The Central Bank of Russia has emphasized the importance of moving forward with its digital ruble project. According to a statement by a top representative, the monetary authority has no intention to delay the trials despite not all invited banks being ready to participate yet. Bank of Russia to Experiment With Digital Ruble Payments This … Read more
The Association of Banks of Russia has previously collaborated with Binance as part of its expert center focused on crypto regulation. Go to Source Powered by WPeMatico
While many Americans believe the U.S. Federal Reserve is the caretaker of the country’s monetary system, its also believed to be one of the worst financial institutions ever created. In 2022, amid a gloomy economy, war, and a number of global crises, the possibility of a great monetary shift has increased. The preceding years filled … Read more
For many Ukrainians and Russians, digital assets have become the means to support themselves and their loved ones during the crisis. Go to Source Powered by WPeMatico
The U.S. bank insurer has concerns over the ability of the institutions it supervises to assess crypto risks adequately, and it’s none too sure about its own abilities. Go to Source Powered by WPeMatico
The Swedish CBDC is now technically ready for integration with banks and payment service providers, according to a report from Riksbank. Go to Source Powered by WPeMatico
