Bitcoin Tumbles to $26.9K on Hawkish Remarks by Federal Reserve's Powell

The pause in rate hikes had been overwhelmingly expected by market participants, who will now begin focusing on the U.S. central bank's next policy meeting in November. дальше »

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Maxine Waters turns ‘anti-innovation’ argument against Republicans as CBDC fight intensifies in D.C.

The ongoing tussle over the potential introduction of a central bank digital currency (CBDC) by the Federal Reserve heats up in the U. S. House Financial Services Committee. Maxine Waters, (D-CA). дальше »

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Are global banks claiming premature victory against inflation?

Quick Take The present overview of global economics reflects a complex landscape of central banking decisions and policies, largely centered around inflation and employment rates. Evidence indicates that central banks worldwide are on the cusp of peak rate cycles. дальше »

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India emerges as the second-largest crypto market globally despite high taxes

Chainalysis report shows Central & Southern Asia and Oceanic (CSAO) as among the world’s leading cryptocurrency hubs. Meanwhile, India emerged as the second-largest digital assets market by transaction volume. дальше »

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SEC promises a rocky path for crypto entities daring to sidestep regulations

The United States Securities & Exchange Commission has been cracking down on digital assets, filing suits against Coinbase and Binance for law violations. Meanwhile, SEC official David Hirsch promised more scrutiny during the Securities Enforcement Forum Central on 19 September. дальше »

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EU Central Bank Could Soon Hold Stablecoin Reserves, Says Circle Director

Proposals by the European Commission aim to allow non-banks access to payment systems, enhancing stablecoin regulations. дальше »

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SEC enforcement official warns more charges are on the horizon, including for DeFi protocols

Speaking at the SEC’s Securities Enforcement Forum Central, the Commission’s head of crypto enforcement warned that more companies and projects are under investigation and that more charges could be expected. дальше »

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Latvia central bank opens to fintech with ‘Innovation Hub’

The Bank of Latvia has been quietly stepping up its game in providing assistance to fintech projects while employing the latest emerging technologies internally. дальше »

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Circle director sees potential in EU payment rules for stablecoins

Patrick Hansen, Director of E. U. Strategy and Policy at Circle, said the planned review of E. U. ’s payment rules would significantly benefit stablecoins, granting issuers access to the central bank payment systems, according to a Sept. дальше »

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A&T Capital loses major financial backer in retreat from crypto

Ant Group, the Chinese fintech giant, is reportedly set to divest its investment in A&T Capital, marking a significant retreat from a $100 million venture central to its crypto strategy. This announcement represents a step back from a $100 million… дальше »

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Here’s why conservatives are opposing a digital dollar CBDC

Central banks from around the world have been working to create digital versions of their currencies. In China, the People’s Republic of China (PBoC) started testing its digital yuan in 2021. дальше »

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Taiwan and El Salvador join forces to enrich crypto regulation

Wu Blockchain’s X post reveals that the Taiwan Crypto Association communicated with El Salvador’s Virtual Assets Bureau, Presidential Office, and central bank, calling for enhanced regulatory capabilities. дальше »

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Hong Kong social media star arrested for promoting controversial JPEX crypto platform

Hong Kong police officers have arrested crypto influencer Joseph Lam Chok for promoting the JPEX crypto platform, South China Morning Post reported on Sept. 18. Per the report, the police questioned the social media celebrity, and his company at the  Entertainment building in Central was raided. дальше »

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Hong Kong central bank warns crypto firms against misleading bank claims

The Hong Kong Monetary Authority has issued a stern warning to cryptocurrency-related firms that are misrepresenting themselves as banks or describing their products as deposits. дальше »

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Hong Kong central bank warns against crypto firms using banking terms

The HKMA said that funds placed on unlicensed “crypto banks” are not protected by the region’s deposit protection scheme.

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Hong Kong's central bank warns against these crypto firms

Hong Kong's financial regulator earlier called out JPEX for operating in the region without approval. The central bank, HKMA, alerted that such businesses didn't come under its purview.  HoThe post Hong Kong's central bank warns against these crypto firms appeared first on AMBCrypto. дальше »

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Oil prices have surged 55% during Jerome Powell’s tenure as Fed Chair

Quick Take WTI Crude oil is currently hovering around the $90 a barrel mark, with Brent crude oil reaching as high as $93 a barrel. This escalation, if sustained, is likely to exert additional inflationary pressure on global central banks. дальше »

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These central banks join the beta phase of SWIFT's CBDC project. Assessing...

Three more banks would be joining SWIFT's CBDC interoperability projects.  SWIFT's network has seen a dramatic increase in processing speed in the beta phase. On 13 September, SWIFT announcThe post These central banks join the beta phase of SWIFT's CBDC project. Assessing... appeared first on AMBCrypto. дальше »

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Total supply of stablecoins at two-year low amid capital exodus

The exodus of capital out of the cryptocurrency space over the past two years can be well summed up by examining the stablecoin market.   Given stablecoins’ central role in liquidity across the ecosystem, being the prime avenue through which investors enter and exit cryptocurrencies, the dropoff in the total supply speaks volumes. дальше »

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ECB rate hike catapults EUR/USD into sharp decline: a tale of forex sensitivity

Quick Take The European Central Bank (ECB) has initiated a rate hike of 25 basis points, causing the ECB rates to now stand at 4%. This move, aimed at tightening monetary policy, has had a significant impact on foreign exchange markets, particularly influencing the EUR/USD pair. дальше »

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Crypto Startup Ramp Adds Brazilian Central Bank's Pix as Payment Method

Adding Pix builds on Ramp's expansion to the South American country, where it opened a local entity in July in a bid for broader expansion throughout Latin America. дальше »

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Swift to beta test CBDC interlinking solution with central banks

Swift says it will test CBDC interoperability alongside three central banks to explore further use cases. Interbank messaging company Swift has entered the second phase of its sandbox experiments with a central bank digital currency (CBDC) as “interest in interoperability… дальше »

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XRP Price Set Theory Debunked By Community, Here’s What It’s About

In a recent series of exchanges on X, prominent XRP community influencer, Crypto Eri, addressed the controversial theory that the XRP price can be artificially set by a central authority. The debate has ignited discussions among enthusiasts, experts, and Ripple insiders. дальше »

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Singapore Central Bank Issues 9-Year Prohibition Orders to 3AC Founders

The Monetary Authority of Singapore (MAS) has issued 9-year prohibition orders against Three Arrows Capital's Zhu Su and Kyle Davies for violating the city's Securities and Futures Act. The post Singapore Central Bank Issues 9-Year Prohibition Orders to 3AC Founders appeared first on BeInCrypto. дальше »

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Singapore’s central bank slugs Three Arrows founders with 9-year ban

Three Arrows Capital founders Kyle Davies and Zhu Su are barred from regulated activities or acting as top execs at any financial firm in Singapore. дальше »

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Arthur Hayes Says Bitcoin Could Surge To $70,000 Despite Fed’s Monetary Tightening

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Congressman Tom Emmer Sounds Alarm: CBDCs Could Threaten American Freedom

In a recent press conference on Central Bank digital currencies (CBDCs) and crypto, Congressman Tom Emmer, the US House Majority Whip and prominent Republican discussed the House Republicans’ commitment to delivering on promises made to the American people. дальше »

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SWIFT enrolls 3 central banks in CBDC interoperability beta test, expands sandbox

The bank messaging network has seen a dramatic increase in processing speed and is developing technology to connect CBDCs.

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India, Nigeria, Vietnam lead grassroots crypto adoption: Report

The index assessed more than 150 nations to determine grassroots cryptocurrency adoption. The Central and Southern Asia and Oceania (CSAO) region dominated the top of the 2023 index. India The post India, Nigeria, Vietnam lead grassroots crypto adoption: Report appeared first on AMBCrypto. дальше »

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Israel and Hong Kong forge new path in CBDC development

The joint project drew upon the diverse expertise of central banks and trusted private entities. This approach does not disrupt traditional financial institutions, as it pertains to banks, credThe post Israel and Hong Kong forge new path in CBDC development appeared first on AMBCrypto. дальше »

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BIS, Hong Kong, Israeli Central Bank join forces to launch retail CBDC

A collaborative initiative dubbed Project Sela sought to test and develop a central bank digital currency (CBDC) suited for mass retail use. дальше »

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Chainalysis: Central, Southern Asia and Oceania dominate crypto adoption

Central & Southern Asia and Oceania (CSAO) lead the crypto adoption index, contributing six countries on the top ten list of Chainalysis’ latest index. Chainalysis has shared its recent report with crypto. дальше »

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Hong Kong-Israel CBDC Project Examines Security, Privacy, Accessibility

Central banks say their new technology can be secure and accessible while promoting privacy дальше »

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Europe's Rates Dilemma

The European Central Bank is in a bind, facing the need to continue raising rates to battle sticky inflation without causing a downturn. дальше »

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India explores new features for CBDC amid weak retail activity

The Reserve Bank of India is said to be working with local banks to link the digital version of e-rupee with the country’s national payments system. India’s central bank, the Reserve Bank of India (RBI), is reportedly collaborating with local… дальше »

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India working on 5-point crypto legislation as ban is ruled out

Indian crypto platforms could attain similar status as authorized dealers (similar to banks) under the guidelines of the Indian central bank, RBI. дальше »

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Digital Euro Conspiracy Theories and Privacy Concerns Put EU Central Bankers in the Hot Seat

Officials promise privacy controls for the possible new CBDC, but are less clear how to respond to wilder reactions. дальше »

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What is quantitative easing, and how does it work?

Quantitative easing is a monetary policy tool where a central bank purchases financial assets to increase the money supply and stimulate economic activity. дальше »

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Federal Reserve’s Top Official: US CBDC Still a Distant Dream

At the Fintech Conference, Michael S. Barr detailed the Federal Reserve's payment advancements and clarified that a US central bank digital currency remains a distant consideration. The post Federal Reserve’s Top Official: US CBDC Still a Distant Dream appeared first on BeInCrypto. дальше »

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U.S. Fed’s Vice Chair Barr Says CBDC Decision Still a ‘Long Way’ Off

The U.S. is far from making any decision on a central bank digital currency (CBDC), said Federal Reserve Vice Chairman Michael Barr, who described the Fed as still being in the “basic research” phase. дальше »

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Bitcoin Halving Is Nice, but Kickstarting Bull Run Requires Fiat Money Supply Growth

The magnitude of the expected halving-led uptrend in bitcoin is likely contingent on major central banks boosting their year-on-year M2 money supply growth rates, past data show. дальше »

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Taiwan plans ban on unregistered offshore crypto exchanges

Taiwan plans to restrict access to offshore cryptocurrency exchanges that are not registered with the local regulators. According to a Sept. 7 report by Taiwan’s semi-official Central News Agency, the country’s Financial Supervisory Commission recently drafted ten virtual asset service… дальше »

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House Financial Services Committee announces ‘Digital Dollar’ hearing as pressure to pass crypto legislation intensifies

The House Finance Committee has announced another hearing on cryptocurrency regulation as demand for congressional action on the virulent industry intensifies. Held by the Digital Assets, Financial Technology and Inclusion Subcommittee and Entitled “Digital Dollar Dilemma: The Implications of a Central Bank Digital Currency and Private Sector Alternatives,” the hearing will take place at 2:00 […] The post House Financial Services Committee announces ‘Digital Dollar’ hearing as pressure to pass crypto legislation intensifies appeared first on CryptoSlate. дальше »

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Cryptos, Stocks Drop as the Federal Reserve Anticipates More Rate Hikes

Cryptos and stock indices Dow Jones, S&P 500, and Nasdaq experienced dips after Federal Reserve hints at further rate hikes. The announcement leaves investors wary and closely watching the central bank's next moves. дальше »

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Digital ruble rise threatens future of conventional banking in Russia

Anatoly Aksakov, the chairman of Russia’s Financial Market Committee in the State Duma, suggested that the Digital Ruble, a central bank digital currency (CBDC), could potentially render traditional banks redundant, as local media outlet Ria reported on Sept 5. дальше »

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ECB executive Fabio Panetta aims for digital euro expansion

The European Central Bank executive, Fabio Panetta, stated in a speech that the EC proposal for the digital euro could give the CBDC legal tender status. In a speech at the Economic and Monetary Affairs Committee, the executive said that… дальше »

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South Korean Hana Bank and BitGo to launch joint crypto custody venture

Hana Bank and BitGo are expected to launch a crypto custody service in the second half of 2024. Hana Bank is interested in having tokenized deposit technology replace central bank digital currencies and private stablecoins. дальше »

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Singapore's New President, a Former Central Bank Chairman, Has Called Crypto 'Slightly Crazy'

Tharman Shanmugaratnam, who has previously called crypto "purely speculative" and "slightly crazy," was officially elected as Singapore's president early Saturday morning. дальше »

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Chinese central bank exec aims for digital yuan retail expansion

Changchun Mu, an executive from the People’s Bank of China (PBOC), stated that the digital yuan needs to be available in retail scenarios. According to the local source Paper, Mu explained at a trade forum in Beijing that the central… дальше »

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Indian central bank-backed NPCI begins blockchain recruitment

Singapore, Malaysia, the UAE, France, Benelux countries, Nepal and the U.K. have adopted the NPCI’s UPI payments system to varying degrees. дальше »

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