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The latest Bank for International Settlements (BIS) survey reveals that 94% of central banks are exploring central bank digital currencies (CBDCs). There has been a notable increase in wholesale CBDC experiments, especially in advanced economies. Central banks are examining various factors for retail CBDCs, including holding limits and offline functionality. 94% of Surveyed Central Banks … Read more
Stand With Crypto UK has published a manifesto outlining steps for the UK to establish itself as a global leader in fintech, digital assets, and tokenization. “We believe the next government should take meaningful steps to position the UK as a global hub of digital assets, tokenization and fintech,” said Coinbase. Stand With Crypto Publishes … Read more
A board member of the Bitcoin Voter Project described the group as nonpartisan and planned to take a different approach than initiatives like Stand With Crypto. Go to Source
Bitcoin’s resilience amid price drops indicates strengthening support at the $65,000 level. Go to Source
Gemini Trust said that affected Earn users could expect “100% of the assets owed to them” within seven days. Go to Source
The blockchain firm’s case with the SEC has been ongoing since December 2020, when the regulator alleged Ripple used XRP as an unregistered security to raise funds. Go to Source
U.S. Congressman Brad Sherman has proposed an amendment designed to enhance the enforcement of sanctions on Russian digital assets. The amendment allows the Treasury Secretary to prohibit crypto transactions linked to Russian entities and requires U.S. taxpayers to report crypto transactions offshore exceeding $10,000 to the Financial Crimes Enforcement Network (FinCEN). New Amendment Seeks to … Read more
Tesla CEO Elon Musk has expressed concern that excessive government expansion leads to more regulators than participants, negatively impacting the system. Musk acknowledged the need for regulators but stressed they should not outnumber players. He reiterated that the government should act as a referee, setting sensible rules without hindering industry progress. Elon Musk Says Government … Read more
The association was formed after the country’s Justice Ministry proposed AML amendments for crypto firms that could result in penalties, including up to two years in prison. Go to Source
CFTC Commissioner Christy Goldsmith Romero could replace Martin Gruenberg after allegations of a toxic workplace culture at the FDIC. Go to Source