Crypto ‘regulatory approach isn’t needed now’ — New Zealand central bank
Reserve Bank of New Zealand however said that crypto and stablecoins should be more closely monitored. Go to Source Powered by WPeMatico
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Major US banks get passing grade in ‘severe recession’ stress test
America’s central bank has been stress-testing retail banks in the wake of several high-profile banking collapses earlier this year. Go to Source Powered by WPeMatico
RBI lists risks of stablecoin for developing economies, calls for global regulation
The Reserve Bank of India listed six specific ways stablecoin can undermine emerging markets, adding to its mounting case against crypto. Go to Source Powered by WPeMatico
ECB official labels crypto as ‘deleterious’ with ‘no societal benefits’ in scathing speech
According to Fabio Panetta, the volatility of crypto and aspects of blockchain technology made digital assets only suitable for gambling. Go to Source Powered by WPeMatico
Fear of a digital euro prompts Slovakia to add cash rule to constitution
Slovakia’s parliament passed a measure to amend its constitution to codify the right of its citizens to pay for goods and services with cash. Go to Source Powered by WPeMatico
Ripple partners with Colombia’s central bank to explore blockchain technology
The pilot program will run through 2023 with the intent of demonstrating blockchain utility to the general public. Go to Source Powered by WPeMatico
EU’s new crypto law: How MiCA can make Europe a digital asset hub
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. Go to Source Powered by WPeMatico
De-dollarization: Is it really happening?
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. Go to Source Powered by WPeMatico
CBDC ‘may not be a compelling priority,’ says Kenya’s central bank
The central bank released its statement in response to comments on a CBDC discussion paper published in February 2022. Go to Source Powered by WPeMatico
Georgian central bank to launch AML probe into crypto firms
The National Bank of Georgia will launch mandatory supervision of virtual asset service providers starting from Sept. 1, 2023. Go to Source Powered by WPeMatico