Crypto adoption is a ‘huge challenge,’ says Chinese central bank exec
PBoC maintains its anti-crypto stance despite local players experimenting with digital yuan-pegged stablecoins. Go to Source Powered by WPeMatico
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Central Bank of Ukraine Supports Crypto Industry, Fears Cryptocurrency
The National Bank of Ukraine recognizes the benefits of endorsing crypto innovations but also fears cryptocurrencies could gain ground on the national fiat. Announcing its monetary policy guidelines for the near future, the regulator noted it’s going to defend the status of the hryvnia as the only legal tender in the country. Bank of Ukraine … Read more
Ripple is helping Bhutan pilot a CBDC
The company claimed its CBDC solution would allow Bhutan’s central bank to deploy a digital ngultrum “without compromising financial stability or monetary policy objectives.” Go to Source Powered by WPeMatico
Crypto markets soar after Fed commits to printing and Evergrande plans to pay its debt
The crypto market staged a roaring comeback after Evergrande makes a deal to pay its debts and the Fed signals a continuation of its current monetary policy. Go to Source Powered by WPeMatico
HSBC CEO backs CBDCs against crypto and stablecoins
Banking giant HSBC echoes global stablecoin concerns, calling for regulation to be equivalent to its adoption level. Go to Source Powered by WPeMatico
Central bank of Ukraine to promote ‘fair’ Bitcoin regulation
Crypto doesn’t pose a big risk for the financial system until it’s adopted enough to be less volatile, the NBU said. Go to Source Powered by WPeMatico
Adapt or die: Payments giants partner with crypto firms to ensure security
Mastercard’s upcoming acquisition of CipherTrace demonstrates the need for payments giants to partner with crypto firms to enable digital asset innovation. Go to Source Powered by WPeMatico
Fed’s Powell Scrutinized for Owning Bonds of the Same Type the Central Bank Bought During Pandemic
As a number of Federal Reserve presidents have been criticized for their 2020 stock moves, Fed chairman Jerome Powell has been cast into the limelight for owning $1.5 million municipal bonds like the ones the U.S. central bank purchased in 2020 during the pandemic. All Eyes Are On Jerome Powell’s Municipal Bond Portfolio Three days … Read more
Bank of Russia to ‘Slow Down’ Payments to Crypto Exchanges, Curb Russians’ Impulsive Investments
Central Bank of Russia is now working with commercial banks in order to delay payments made to digital asset exchanges. The move aims to limit “emotional” cryptocurrency purchases made by “unqualified” Russian investors, a CBR official revealed. The move is likely to affect peer-to-peer and over-the-counter trading platforms. Central Bank of Russia Skeptical of Cryptocurrency … Read more
Survey: 1 in 10 Irish Investors, Quarter of Young People Hold Cryptocurrencies
Investors in Ireland are attracted to digital opportunities offering better returns and often find them online, a new survey has indicated. According to the poll, 11% of investors have already bought a digital asset and a quarter of the young Irish are betting on cryptocurrencies. Low Interest Rates, Search for Long-Term Returns Push More Irish … Read more