Central Bankers Gloomy on Inflation and Recession at ECB Forum

Central bankers convened in Portugal to discuss rising inflation pressures at the ECB summit. They voiced a range of opinions, and Japan took an independent stance. The post Central Bankers Gloomy on Inflation and Recession at ECB Forum appeared first on BeInCrypto. дальше »

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Tether forms agreement with Georgia for development of blockchain industry hub

Tether has signed a Memorandum of Understanding (MOU) with the Government of Georgia, as reported by the firm on June 28. The “strategic collaboration” is part of a broader vision to position Georgia as a “central hub for peer-to-peer and blockchain technology,” intended to bring about innovation and economic growth in the region. дальше »

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Ljubljana: It’s a Beautiful Life in This Crypto Payments Hotbed

This unsung Central European success story features famous philosophers, a striking landscape and a high quality of life. And the No. 14 spot in CoinDesk’s Crypto Hubs 2023 has a crypto ecosystem that punches vastly above its weight. дальше »

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Reserve Bank of India expects to reach 1M CBDC users in June

Reserve Bank of India (RBI) governor Shaktikanta Das said he expects the e-rupee Central Bank Digital Currency (CBDC) pilot to achieve 1 million retail users by the end of this month. The news comes after early indications suggested the e-ruppe had failed to gain traction last year. дальше »

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Asia is a ‘huge area of focus’ for Circle, especially Hong Kong: CEO Jeremy Allaire

Circle, the issuer of USD Coin (USDC,) is carefully monitoring emerging crypto markets across Asia. There’s “enormous demand” for U. S. dollar-backed stablecoins in emerging markets, and “Asia is really central to that,” CEO Jeremy Allaire told Bloomberg. дальше »

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Swiss central bank announces plans for wholesale CBDC pilot with ‘real money’: Report

Thomas Jordan, head of the Swiss National Bank, announced the project at a conference in Zurich; the central bank still feels “prudent” about a retail CBDC, though. дальше »

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SNB prepares for launch of digital currency pilot program

The Swiss National Bank (SNB) is set to introduce a Central Bank Digital Currency (CBDC) for wholesale payments on the country's SIX Digital Exchange. дальше »

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Singapore’s Central Bank Pushes for Interoperable Tokenized Assets

The Monetary Authority of Singapore (MAS) has proposed an initiative to create an open and interoperable framework for tokenized digital assets in collaboration with the Bank for International Settlements (BIS),... дальше »

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Shanghai Clearing House adds support for digital yuan in commodity trading

Shanghai Clearing House, a financial institution under China’s central bank, has introduced digital yuan clearing and settlement services for commodity trading, enhancing cross-border transactions and promoting the internationalization of China’s currency. дальше »

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Analyst Reveals GameFi Token (Alex) Outshines The Sandbox (SAND) and Axie Infinity (AXS), Streamers wait Patiently For CEX Launch

As the cryptocurrency market continues to expand, a new sector, known as GameFi, emerges combining the worlds of gaming and decentralized finance (DeFi). In this growing niche, Alex The Doge (ALEX) stands as a strong contender, outshining well-established coins like The Sandbox (SAND) and Axie Infinity (AXS). дальше »

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Pro-Crypto Presidential Candidate Robert Kennedy Jr. Lauds Bitcoin, Throws Shade At ‘Oppressive’ CBDCs

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Brazilian Central Bank Adds Crypto Exchange Mercado Bitcoin in CBDC Pilot Including Mastercard

The approved consortium includes Mastercard, broker Genial, registrar Cerc and financial software fintech Sinqia as partners. дальше »

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Crypto.com Granted VASP Registration By Spain’s Central Bank

Crypto. com has officially secured its Virtual Asset Service Provider (VASP) registration from the Bank of Spain. This marks a significant milestone for the crypto exchange, coming at a time when the regulatory landscape in the US market has challenges and uncertainties. дальше »

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Long-term inflation expectations outstrip 2% benchmark

Quick Take Inflation rates worldwide have surpassed the typical 2% target set by central banks, necessitating effective countermeasures. One such measure is the traditional tool of increasing interest rates to curb inflation. дальше »

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Crypto.com Approved to Operate in Spain

The crypto exchange said it has registered as a virtual asset service provider with the country's central bank following a "comprehensive" compliance review. дальше »

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LAC countries more open to CBDCs compared to cryptocurrency: IMF report

The IMF believes that countries in LAC see central bank digital currencies (CBDCs) as a better option to improve their payment systems compared to cryptocurrencies which are considered riskier assets дальше »

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Ex-Ripple Advisor Meets with ECB's Lagarde

Ex-Ripple advisor and Federal Reserve Vice Chair for Supervision, Michael S. Barr, has held a meeting with European Central Bank President, Christine Lagarde дальше »

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Gold Prices Plummet as Bitcoin Rises, Securing Safe Haven Status

Bitcoin reclaims $30,000 zone, proving its safe haven status, while gold enters a downtrend due to central banks' hawkish monetary policies and rising interest rates. The post Gold Prices Plummet as Bitcoin Rises, Securing Safe Haven Status appeared first on BeInCrypto. дальше »

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IMF warns banning crypto may not be an effective long-term strategy

The International Monetary Fund (IMF) stated that banning crypto “may not be effective in the long run. ” The comment was made in a post promoting Central Bank Digital Currencies (CBDCs) in the Latin America and Caribbean (LAC) regions. дальше »

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Ripple (XRP) Collaborates with Colombia’s Central Bank, Interest in InQubeta (QUBE) presale is rising

The world of digital currencies continues to witness remarkable advancements, with Ripple (XRP) emerging as a prominent player in the blockchain industry. Ripple has recently made waves by forging a groundbreaking collaboration with the central bank of Colombia. дальше »

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Bank Of Japan Begins Pilot For Japanese CBDC

The Bank of Japan has announced the launch of a three-year pilot program for its central bank digital currency (CBDC), a digital version of the yen. With the world’s third-largest economy, a successful launch of a digital yen could pave the way for CBDCs to become mainstream in Japan and transform how people pay for […] дальше »

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Singapore takes the lead in establishing norms for ‘designated’ digital currency

Singapore's central bank, the Monetary Authority of Singapore, has unveiled a proposed common protocol aimed at establishing clear conditions for the utilization of digital currencies. дальше »

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Binance Expands Its Reach In Central Asia With New Kazakhstan Platform

Binance, the world’s largest cryptocurrency exchange has announced the launch of a regulated digital asset platform in Kazakhstan.  Following its successful application for a permanent license from the AIFC Financial Services Authority (AFSA) last year, Binance can now offer a suite of services to Kazakhstani users, including exchange and conversion services, deposit and withdrawal of […] дальше »

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Powell says stablecoins are a ‘form of money’ that central banks should supervise

U. S. Federal Reserve Chair Jerome Powell said the regulator views payment stablecoins as a “form of money” and believes central banks should supervise them. Powell made the statement in response to Congresswoman Maxine Waters asking whether stablecoin issuers should be licensed and regulated by the Fed during a June 21 hearing. дальше »

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Fed Chair Powell Says Central Bank Needs ‘Robust’ Role Overseeing U.S. Stablecoins

Federal Reserve Chairman Jerome Powell argued for the need for strong central-bank oversight in stablecoin regulations being crafted by lawmakers in the House Financial Services Committee. дальше »

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Central Banks Propose CBDC, Stablecoin Standards With Amazon, Grab Running Trials

The Monetary Authority of Singapore (MAS), in collaboration with the IMF and other central banks, is proposing common conditions for retail payments with digital money on a distributed ledger. дальше »

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Singapore Central Bank Standardizes Rules for Digital Asset Settlements

Singapore issues new standards for a protocol governing the exchange of programmable money. The post Singapore Central Bank Standardizes Rules for Digital Asset Settlements appeared first on BeInCrypto. дальше »

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18 ltalian Banks Forge Partnership For Blockchain-Based Wholesale CBDC Project

A collaborative effort between the Associazione Bancaria Italiana (ABI) and the Bank of Italy has brought together a group of banks in a pilot program for a central bank digital currency (CBDC). Referred to as Project Leonidas, this initiative involves 18 commercial banks leveraging blockchain technology. дальше »

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Digital Euro: The Bill Is Ready but Politicians Aren’t Convinced

A plan to legislate for the central bank digital currency may still be on track for publication, but there is still significant political skepticism about the purpose. дальше »

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Binance Netherlands exit — Dutch central bank says registration failings are confidential

De Nederlandsche Bank cannot share details of Binance’s registration failings in the country due to the confidentiality requirements of its supervisory laws. дальше »

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IMF’s Foray into CBDC: Global Digital Currency Platform In The Works

Per a Reuters report, the International Monetary Fund (IMF) is working towards the launch of a global central bank digital currency (CBDC) platform that can facilitate cross-border transactions.  Related Reading: Bitcoin Long-Term Holders Refuse To Budge As Movements Remain Low IMF Takes On CBDC Market Speaking at a conference attended by African central banks, IMF […] дальше »

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UK Upper Parliament Approves New Crypto Regulation Bill

The upper house of the UK Parliament recently approved a bill establishing the first comprehensive crypto-asset regulation in the country. The bill, which was first introduced last year, proposed the regulation of cryptocurrencies and amendments to the UK Banking Act 2009 which outlines the authority of the central bank to oversee payment networks. The UK’s […] дальше »

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IMF Advances Global Central Bank Digital Currency Platform For International Transactions

The International Monetary Fund (IMF) is actively developing a global platform for CBDCs to facilitate seamless transactions across borders, announced IMF Managing Director Kristalina Georgieva at a conference in Rabat, Morocco. дальше »

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Unified Ledger for CBDCs, Tokenized Assets Could Enhance Global Financial System: BIS

“This would be a game-changer in how we think about money and how transactions take place,” said the central bank group’s Head of Research Hyun Song Shin. дальше »

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XRP Army Finds Ripple Link To IMF As It Announces CBDC Platform

While the International Monetary Fund (IMF) announced that it is working on a platform for digital central bank currencies (CDBCs) yesterday, the XRP army has discovered an IMF report from March 2023 in which Ripple is considered a potential problem solver. дальше »

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IMF aims to unify CBDCs with global platform

International Monetary Fund (IMF) managing director Kristalina Georgieva revealed that the IMF is actively developing a platform dedicated to facilitating transactions between countries via central bank digital currencies дальше »

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IMF wants to create a global CBDC platform to compete with threat of crypto

The International Monetary Fund (IMF) wants to create a global central bank digital currency (CBDC) system in an effort to connect countries and allow seamless cross-border transactions, Reuters reported. дальше »

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IMF Unveils Plans for Global CBDC Platform

In a speech delivered during a high-level policy roundtable today, the International Monetary Fund (IMF) and Bank Al-Maghrib called for a strategic shift toward a global central bank digital currency... дальше »

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EU Legislation for Digital Euro Is Put on Hold: Source

A bill covering privacy and distribution of the central bank digital currency, originally scheduled for June 28, will be delayed дальше »

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‘Britcoin’ launch inches closer after Project Rosalind CBDC tests

A major study between the Bank for International Settlements and the Bank of England found that a retail central bank digital currency could make peer-to-peer payments cheaper and easier. дальше »

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Polygon launches open database for blockchain technology use cases

To expand the Value Prop, Polygon asked users to contribute with more use cases and applications.  Ripple also announced its partnership with Colombia's central bank to explore blockchain tecThe post Polygon launches open database for blockchain technology use cases appeared first on AMBCrypto. дальше »

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Central Banks Successfully Test Over 30 CBDC Use Cases, Including Offline Payments

An API layer could facilitate a wide range of central bank digital currency payment scenarios, a Bank for International Settlements and Bank of England experiment has shown. дальше »

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Ripple Teams up With Colombia's Central Bank to Create CBDC on XRP Ledger

Ripple's new partner Banco Republica set to utilize XRP Ledger to digitalize its payment system дальше »

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Brazil Sets Crypto Regulations Straight: Central Bank Takes Charge As Regulator

Brazil’s President, Luiz Inacio Lula Da Silva, has taken a significant step toward clarifying the regulatory landscape of crypto in the country. With the recent signing of legislation, the roles of the Central Bank in overseeing the crypto industry will be clearly defined, granting the bank the authority to supervise crypto firms.  Additionally, the regulation […] дальше »

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Colombia’s Central Bank Partners with Ripple to Explore Blockchain Use Cases

The Latin American country will conduct a pilot to test Ripple's technology for its high-value payments system. дальше »

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EU’s Leaked Digital Euro Bill Outlaws Interest, Large Holdings, Programmability

The central bank digital currency must be usable offline from day 1 to safeguard privacy, the draft law says. дальше »

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Hong Kong govt pressures banking giants to accept crypto clients: Report

Hong Kong’s central bank reportedly asked major banks — including HSBC, Standard Chartered and Bank of China — why they aren’t accepting crypto exchanges as clients. дальше »

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CBDC Stealth Mode: Unraveling The Privacy Puzzle Of A U.S. CBDC

US Treasury official, Graham Steele, emphasizes the advantages of a retail CBDC backed by the Federal Reserve, providing safety during bank runs and stabilizing private sector lending. Striking The Anonymity Balance During a recent Texas payments conference, Graham Steele highlighted the significance of anonymity when contemplating the development of a future Central Bank Digital Currency […] дальше »

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SEC, Binance face tough questions from judge in landmark crypto case

Court transcripts from SEC v. Binance Holdings, Inc, et. al. have begun to appear, revealing that arguments central to the crypto space are now being actively discussed in U. S. courts. U. S. дальше »

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Brazil Appoints Central Bank and Securities Commission as Crypto Market Regulators

The executive branch issued a decree with directives following the approval of a crypto law in December 2022. дальше »

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