A new report highlights private-sector innovation and greater financial inclusion with CBDCs, but raises concerns around the descending hegemony of the U.S. Dollar.
Headline
Category: Regulation News
Pakistan’s central bank reportedly wants to ban crypto
Pakistan’s finance and law ministries are yet to make a decision on a potential blanket ban on crypto in the country.
US lawmaker proposes bill aimed at limiting Fed’s ability to issue CBDC
Having the Fed require users to open accounts to access the benefits of a digital dollar would put it “on an insidious path akin to […]
Owner of Russian bank Tinkoff acquires Swiss digital asset firm
Russian banks have been increasingly moving into the digital asset market despite the Bank of Russia’s hostility toward crypto.
Hong Kong Monetary Authority aims to oversee stablecoin reserves
Hong Kong’s central bank is inviting global stablecoin operators to respond to its proposed rules.
A third of Americans to buy Bitcoin by end of 2022, says Ric Edelman
The future’s bright for Bitcoin according to Ric Edelman, founder of financial advisory outfit Edelman Financial Engines.
Mercado Bitcoin operator acquires Portuguese crypto exchange
After raising over $250 million from firms such as SoftBank last year, Brazil’s 2TM Group is expanding into Europe.
IMF: Bitcoin matured to ‘an integral part of digital asset revolution’
Crypto assets are no longer on the fringe of the financial system, which raises financial stability concerns, a new IMF research argues.
Fed’s Lael Brainard invites Congress to choose whether to compete with China’s digital yuan
“We want to make sure that we do the requisite research on policy and technology so we’re in a position to move forward if Congress […]
Hong Kong-based Coinsuper allegedly blocks customers’ withdrawals
Five clients reportedly filed police complaints after token withdrawals were apparently halted, leaving them unable to reclaim around $55,000 in cryptocurrency and fiat.