Fed denies Custodia Bank application to join the Federal Reserve System
The bank applied for the application in 2019 and sued the Fed in an attempt to speed up a decision. Go to Source Powered by WPeMatico
Central Bank
Auto Added by WPeMatico
Coinbase Fined €3.3 Million in Netherlands, Exchange Considers Appeal
The Dutch central bank has imposed a fine on crypto exchange Coinbase for providing services in the past without the necessary registration. The trading platform, which has until March to object to the measure, is currently considering an appeal against the move. Dutch Monetary Authority Fines Coinbase for Operating Without Registration De Nederlandsche Bank (DNB) … Read more
ChatGPT learns Bitcoin will end central banking and fiat currency
A Bitcoin mentor convinced ChatGPT, the AI chatbot, that Bitcoin would bring about the demise of fiat currency. Go to Source Powered by WPeMatico
Ireland’s Central Bank Governor calls for ban on crypto ads targeting young adults: Report
Gabriel Makhlouf reportedly said there was an “uncomfortable” level of crypto advertisements targeting young adults. Go to Source Powered by WPeMatico
Saudi Central Bank still researching CBDC, but no decision on deployment
Saudi Arabia’s central bank stressed that no decision has been made to launch a CBDC in the Kingdom, but it will continue to research use cases. Go to Source Powered by WPeMatico
Economist Mohamed El-Erian Predicts ‘Sticky’ Inflation Despite Federal Reserve’s Efforts to Bring it Down
As investors examine the next move of the Federal Reserve, analysts, economists and market participants are also closely monitoring inflation levels. In Dec. 2022, the annual inflation rate dropped to 6.5%, and many experts predict it will decrease further. However, economist Mohamed El-Erian of the University of Cambridge believes inflation will become “sticky” in midyear, … Read more
Going cashless: Norway’s digital currency project raises privacy questions
At this point, the test network for the Norwegian CBDC uses not the public Ethereum ecosystem, but a private version of the enterprise blockchain Hyperledger Besu. Go to Source Powered by WPeMatico
Spain’s central bank approves euro-linked token pilot as part of sandbox initiative: Report
To use the tokens, users will need to verify their identity through phone and video identification, and load their wallet with real euros. Go to Source Powered by WPeMatico
Georgia Prepares to Launch Digital Lari Pilot in First Half of 2023
The central bank of Georgia intends to publish a document detailing the concept of a national digital currency in the coming months. Other participating parties will use it to finalize their proposals for the pilot which the monetary authority plans to initiate in the first half of the year. Financial Authorities in Georgia Gear Up … Read more
Bank of Thailand to allow first virtual banks by 2025
By allowing virtual banks, Thailand seeks to boost competition and economic growth. Go to Source Powered by WPeMatico