China has the most advanced CBDC structure but bans cryptocurrency as a means of payment. The Bank of America believes CBDCs and stablecoins could play a role in how money is defined. Over 90% of central banks are considering issuing a CBDC. The growth of the crypto sector has captured the attention of global organizations, … Read more
Parth Dubey January 7, 2023 at 06:35 UTC (2 minutes ago) Governor of the Banque de France, Francois Villeroy de Galhau, stated that crypto firms should operate only under stricter regulatory permits. Rather than waiting for other European nations to adopt tighter regulations, France should do it right away once its legislation is ready, he … Read more
US senators Elizabeth Warren and Tina Smith recently criticized the collapse of the crypto exchange, FTX, and the broader crypto industry. Lawmakers are concerned that the lack of regulatory oversight in the ties between banks and crypto firms could have long-term consequences. The Senate Banking Committee has set a hearing on the collapse of FTX … Read more
The monetary authority in Moscow has expressed support for the latest legislative attempt to legalize cryptocurrency mining. However, the regulator wants the extracted digital currency to be sold outside the country or only under special legal regimes in Russia, as an exception. Russia’s Central Bank Suggests Restrictions Be Added to Proposed Crypto Mining Law The … Read more
Standard Chartered Bank says the price of bitcoin could drop to $5,000 next year. The bank’s analyst explained that cryptocurrencies could fall further and more crypto firms could “succumb to liquidity squeezes and investor withdrawals.” Standard Chartered Bank’s $5K Bitcoin Scenario Standard Chartered Bank published a note titled “The financial-market surprises of 2023” Sunday. The … Read more
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