WEF 2022, May 23: Latest updates from the Cointelegraph Davos team

The second day of the global event saw the likes of central bank governors from Thailand and France and the IMF managing director discuss various aspects of the nascent blockchain tech space. дальше »

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G7 says crypto regulation must be swift and comprehensive

Finance Ministers and Central Bank Governors from the G7 met last week to discuss global economic conditions, including cryptocurrency. The post G7 says crypto regulation must be swift and comprehensive appeared first on CryptoSlate. дальше »

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BitMEX Mastermind Arthur Hayes Pleads Guilty, Avoids Jail Time

The picture is getting clearer for BitMEX co-founder Arthur Hayes. The judge called what he did “a willful violation of the Bank Secrecy Act,” but he still got two years probation. Hayes will serve the first six months of that sentence in home confinement, but that’s it. дальше »

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Крупнейший банк Австралии повременит с внедрением криптовалют

Commonwealth Bank of Australia (CBA) на неопределенный срок отказался от второй пилотной программы по предоставлению услуг торговли криптовалютами и закрыл доступ к первой. Причиной стала регуляторная неопределенность. дальше »

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Arthur Hayes Sentenced to Two Years Probation, Six Months House Arrest

Arthur Hayes has been sentenced to two years of probation plus six months of home confinement for violating the U.S. Bank Secrecy Act. Hayes Sentenced A U.S. court in New... дальше »

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Former BitMEX CEO Arthur Hayes Sentenced to 2 Years Probation

Hayes pleaded guilty to one count of violating the Bank Secrecy Act (BSA) in February, and faced a sentence of up to 12 months in prison. дальше »

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South African central bank mulls digital rand to streamline cross-border payments

The South African Reserve Bank is mulling the issuance of a digital rand, Reuters reported on May 18, citing the central bank’s Deputy Governor Kuben Naidoo. The post South African central bank mulls digital rand to streamline cross-border payments appeared first on CryptoSlate. дальше »

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Bitcoin Is Not Money, Says Swedish Central Bank

Bitcoin has failed as a store of value, a medium of exchange and a unit of account, according to Riksbank дальше »

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Крупнейший банк Австралии отложил внедрение криптоторговли из-за позиции регуляторов

Commonwealth Bank of Australia (CBA) на неопределенный срок отказался от второй пилотной программы по предоставлению услуг торговли криптовалютами и закрыл доступ к первой. Причиной стала регуляторная неопределенность, пишет Cointelegraph. дальше »

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India’s RBI Officials Warn of Dollarization of Economy if Cryptos Are Embraced

Top Reserve Bank of India (RBI) officials have told a parliamentary committee that the adoption of cryptocurrencies can lead to the dollarization of the economy to some extent. It will undermine the central bank’s ability and freedom to effectively implement monetary inputs and interventions. дальше »

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SWIFT Payments Network Ramps up Cross-Border CBDC Testing

ternational payments organization SWIFT has announced that it will conduct cross-border tests for central bank digital currencies (CBDCs).  The post SWIFT Payments Network Ramps up Cross-Border CBDC Testing appeared first on BeInCrypto. дальше »

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Австралийский Commonwealth Bank приостановил тестирование торговли криптовалютами

Крупнейший австралийский банк Commonwelath Bank приостановил пилотный проект по добавлению торговли криптовалютами в свое мобильное приложение в связи с падением рынка и нестабильностью. дальше »

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Commonwealth Bank puts crypto trading trial on ice as regulators dither

Commonwealth Bank of Australia CEO Matt Comyn insists his bank will move forward with the second pilot of crypto services on its app once regulatory uncertainty is cleared up. дальше »

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Australia’s CBA to Delay Crypto App Launch; Wants More Regulatory Clarity

Australia's Commonwealth Bank (CBA) has reportedly halted its decision to launch its crypto app, amidst a market meltdown. The post Australia’s CBA to Delay Crypto App Launch; Wants More Regulatory Clarity appeared first on BeInCrypto. дальше »

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Swiss Bank Julius Baer To Offer Bitcoin, Crypto Services

Zurich-based Julius Baer Group will begin offering bitcoin and other cryptocurrency products and services to its clients. дальше »

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BofA Says Crypto Winter, Contagion Risk Concerns Are Overdone

Concerns of a so-called crypto winter are unfounded, the second-largest U.S. bank said in a note. дальше »

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Nomura’s Digital Division to Focus on Cryptocurrencies First, DeFi Later

The Japanese bank is one of the first institutions to say it will go beyond trading and research to delve deeper into the crypto ecosystem. дальше »

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Russia will inevitably legalize crypto payments says trade minister

“The question is when this will happen, how it will happen and how it will be regulated. Now both the Central Bank and the government are actively engaged in this,” said trade minister Denis Manturov. дальше »

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Norway’s Central Bank Chooses Ethereum L2 Project for CBDC Test

Norway’s Central Bank is piloting it's Central Bank Digital Currency (CBDC) using a sandbox created by Nahmii, an Ethereum L2 solution. The post Norway’s Central Bank Chooses Ethereum L2 Project for CBDC Test appeared first on BeInCrypto. дальше »

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Crypto Subsidiary To Be Launched By Japan’s Largest Investment Bank

Leading Japanese Investment bank, Nomura has decided to launch a crypto subsidiary. This new unit by Nomura shall be operated outside of Japan with a team of 100 personnel by the end of next year. This move is primarily concerned with facilitating institutional clients could invest in cryptocurrencies and non-fungible tokens. The report from Financial […] дальше »

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Bank of England Official Says Retail Investors Don’t Understand Crypto

Bank of England official Jon Cunliffe says there’s no intrinsic value around cryptocurrencies дальше »

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Terra's Collapse Makes G7 Officials Discuss New Crypto Regulation This Week

Head of French Central Bank shared with Reuters some details of the upcoming G7 meeting agenda дальше »

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Citi Says Fallout From Terra Collapse Unlikely to Hit Wider Financial System

Recent weakness in bitcoin and equities doesn’t show any lag or lead effect, the bank’s analysts said. дальше »

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RBI warns of crypto ‘dollarization’ of Indian economy

Crypto “will seriously undermine the RBI’s capacity to determine monetary policy and regulate the monetary system of the country,” according to Reserve Bank of India officials. дальше »

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Japan’s largest investment bank Nomura readies new crypto subsidiary

The leading Japanese bank plans on establishing a crypto subsidiary outside of Japan and will acquire about 100 personnel to work in the digital asset space. дальше »

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Crypto Could Lead to ‘Dollarization’ of Economy, Says Indian Central Bank

Cryptocurrencies, in particular stablecoins, could lead to an undesired “dollarization” of the economy, India’s central bank warned a parliamentary panel. The post Crypto Could Lead to ‘Dollarization’ of Economy, Says Indian Central Bank appeared first on BeInCrypto. дальше »

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Morgan Stanley Says NFTs Next to Watch After UST Collapse

Most speculative and leveraged areas of crypto markets now in focus, the bank’s analysts said. дальше »

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ECB’s Panetta: Digital Euro Could Come Out Within 4 Years

Peer-to-peer payments among friends could be a first test case, though no final decision’s yet taken, Fabio Panetta said of the central bank digital currency (CBDC). дальше »

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Indian Central Bank Says Cryptos Could Lead to ‘Dollarization’ of Economy: Report

Cryptos can lead to "dollarization" of a part of the economy, which would be against the country's sovereign interest, according to a report дальше »

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Brazil’s Largest Digital Bank Set To Start Bitcoin And Ethereum Trading Services

The wave of crypto adoption in Latin America shows no signs of slowing down. On Wednesday, Paxos confirmed that Brazil’s most valuable digital bank, Nubank, would be offering crypto trading services to its clients. дальше »

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This is why the IMF hates Bitcoin

Last week, the crypto community was taken aback as the Central Bank of Argentina moved to prohibit retail banks from providing Bitcoin and cryptocurrency services. The post This is why the IMF hates Bitcoin appeared first on CryptoSlate. дальше »

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Argentina Was at the Cusp of a Crypto Boom. The Central Bank Had Other Plans

The local monetary authority surprised banks by banning them from offering crypto, but so far it's left local exchanges alone. дальше »

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ECB lays out ‘anonymous’ digital euro as public opposes ‘slavecoins’

The ECB drops another working paper on the digital euro, causing more outrage from Europeans opposing a central bank digital currency. дальше »

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Nomura Starts Trading Crypto Derivatives, Joining Rivals Goldman, JPMorgan

The Japanese investment bank began trading cryptocurrency derivative contracts this week, joining rivals including Goldman Sachs and JPMorgan in giving clients a way to access the crypto market. дальше »

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Crypto Massacre: Over $200 Billion Wiped Out From Crypto Market In 24 Hours

According to one analyst, a big sell-off has spread like wildfire over the whole cryptocurrency market, evoking memories of the bank runs that shook investors during the 2008 financial crisis. Estimates from the price-monitoring website CoinMarketCap show the sell-off erased more than $200 billion worth of market capital in just 24 hours. Bitcoin dipped below $26,000 for […] дальше »

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Tether claims they were ready for this bank run

Tether CTO, Paolo Ardoino, told us last month that Tether was prepared for a bank run.

The post Tether claims they were ready for this bank run appeared first on CryptoSlate.

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Block’s Stock Would Shine if It Not for Its Link to Bitcoin, Mizuho Says

Block’s fundamentals are improving, but the company's association with bitcoin is weighing on its shares, according to the investment bank. дальше »

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UST Recovery Plan Released, Robinhood Holds 30.9% of DOGE Supply, Coinbase’s Services Halted by Indian Central Bank: Crypto News Digest by U.Today

Check out the latest crypto news and updates in the industry with the U.Today news digest! дальше »

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Chile Postpones CBDC Launch Citing Need for More Analysis of Benefits

Chile's central bank will delay issuing its central bank digital currency (CBDC), the digital peso, pending further research. The post Chile Postpones CBDC Launch Citing Need for More Analysis of Benefits appeared first on BeInCrypto. дальше »

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Bitcoin and Ethereum Trading Gets Green Light on Brazil’s Largest Digital Bank

Brazil’s largest digital bank will soon allow customers to buy Bitcoin and Ethereum. The neobank even hinted at adding more cryptocurrencies in the future. The post Bitcoin and Ethereum Trading Gets Green Light on Brazil’s Largest Digital Bank appeared first on BeInCrypto. дальше »

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Coinbase Positive About India Return But Will the Central Bank Soften its Crypto Stance?

Coinbase CEO Brian Armstrong revealed that its decision to shutter business in India was prompted by 'informal pressure' from the country's central bank. The post Coinbase Positive About India Return But Will the Central Bank Soften its Crypto Stance? appeared first on BeInCrypto. дальше »

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Latin America’s largest digital bank will allocate 1% to BTC, offer crypto investment services

In addition to buying Bitcoin, Nubank will offer BTC and ETH investment services to its more than 50 million customers.

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Warren Buffett-Backed Digital Bank Nubank Buys Bitcoin, Adds Trading In App

Brazil’s largest digital bank added bitcoin to its treasury and now allows customers to buy, sell and hold the currency in its mobile app. дальше »

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Nubank, Brazil’s Largest Digital Bank, Launches Bitcoin and Ether Trading

The trading and custody service is being provided by blockchain infrastructure company Paxos. дальше »

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Bank of Israel claims 'public support' for its CBDC project

Stakeholders believe that the digital shekel would boost competition, but remain divided on the matter of privacy.

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Coinbase's Services Halted by Indian Central Bank, Here's Why

One of the biggest trading platforms in the world is now having problems with one of the biggest crypto markets in the world дальше »

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Indian central bank’s ‘informal pressure’ disrupted payments: Coinbase CEO

“I guess we have a concern that [the Reserve Bank of India] may be actually in violation of the Supreme Court ruling,” said Coinbase CEO Brian Armstrong. дальше »

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Israeli central bank yet to make decision on pursuing CBDC despite public support

The central bank of Israel has yet to decide whether to create a digital version of its fiat currency shekel, despite the public supporting the notion, Reuters reported. The post Israeli central bank yet to make decision on pursuing CBDC despite public support appeared first on CryptoSlate. дальше »

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Saylor Pledges More Bitcoin to Back Loan From Silvergate Following Price Drop

Michael Saylor, CEO, and co-founder of MicroStrategy reassures lender Silvergate Bank that the company will post alternative collateral for a $205M loan should BTC dip below $3,562. The post Saylor Pledges More Bitcoin to Back Loan From Silvergate Following Price Drop appeared first on BeInCrypto. дальше »

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Tanzania Looks to Follow Nigeria in Rolling out Digital Currency

The government of Tanzania is looking to launch a central bank digital currency (CBDC) to protect its citizens from cryptocurrency speculators. The post Tanzania Looks to Follow Nigeria in Rolling out Digital Currency appeared first on BeInCrypto. дальше »

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