Bank of Russia Aims for Full Launch of Digital Ruble in 2024 – Finance Bitcoin News
The Central Bank of Russia plans to begin the comprehensive implementation of the digital ruble two years from now, according...
Finance
Philippines’ Unionbank to Support Cryptocurrency Exchange via Mobile App – Finance Bitcoin News
Union Bank of the Philippines, commonly known as Unionbank, has announced the upcoming launch of another crypto service for its...
Reserve Bank of Australia to Pilot Digital Currency, Explore Use Cases – Finance Bitcoin News
The monetary authority in Australia is beginning research into the potential economic benefits of issuing a central bank digital currency....
Nepal Prepares to Issue Digital Currency, Drafts Necessary Amendments – Finance Bitcoin News
A task force in Nepal has proposed legal changes allowing the country’s central bank to issue its own digital currency....
Report Shows Crypto Startups Raised $30.3 Billion in H1 2022, Exceeding Total Raised in 2021 – Finance Bitcoin News
While cryptocurrency markets have seen poor performances during the first two quarters of 2022, a recently published fundraising report authored...
Portuguese Banks Close Accounts of Crypto Exchanges, Media Reveals – Finance Bitcoin News
Major Portuguese banks have started closing or refusing to open accounts for cryptocurrency platforms such as exchanges, according to media...
CBDC Could Be ‘Holy Grail’ of Cross-Border Payments, ECB Says, Sees Bitcoin as Less Credible – Finance Bitcoin News
Several solutions can potentially improve cross-border payments significantly and central bank digital currency (CBDC) could be the “holy grail,” according...
Israel Prohibits Cash Deals for Amounts Starting as Low as $1,700 – Finance Bitcoin News
New legislation introducing tighter restrictions on payments with large sums of cash will enter into force in Israel on Monday....
ECB Economists Suggest Limiting Access to Digital Euro to Protect Banks – Finance Bitcoin News
A group of economists evaluating the potential effects of a digital euro have insisted that restricting access to the upcoming...
Bank Indonesia Prepares to Issue Digital Rupiah as Legal Tender for Digital Payments – Finance Bitcoin News
The central bank of Indonesia is working to issue a wholesale digital rupiah. The new currency is meant to be...
ECB’s Lagarde, Panetta See Digital Euro as More Efficient Payment Means Than Crypto – Finance Bitcoin News
Unbacked cryptocurrencies are not an efficient means of payment and stablecoins are vulnerable to runs, top officials at the European...
Bank of Russia Says Stablecoins Are Not Suitable for Settlements – Finance Bitcoin News
The Central Bank of Russia has spoken out against stablecoins, which it says are highly risky and not fit for...
Russian Blockchain Alternative to SWIFT to Prevent Disconnection of Nations, Banks – Finance Bitcoin News
A Russian university is ready to test its blockchain-based analogue to the global payment messaging network SWIFT, from which Russian...
Russia’s Finance Ministry Supports Circulation of Stablecoins in Country – Finance Bitcoin News
The Russian Ministry of Finance is ready to back the legalization of transactions with stablecoins in Russia, according to a...
Grayscale Files Lawsuit Against SEC Over Spot Bitcoin ETF Rejection – Finance Bitcoin News
Grayscale Investments, the world’s largest digital currency asset manager, has filed a lawsuit against the U.S. Securities and Exchange Commission...
Financial Companies Report First Deal With Digital Assets Under Russian Law – Finance Bitcoin News
Two companies have carried out Russia’s first transactions with digital financial assets as defined by the country’s current legislation. The...
Circle Partners With New York Community Bancorp — Bank to Custody USDC Reserves – Finance Bitcoin News
Circle Internet Financial has revealed a usd coin custody partnership with the American bank holding company New York Community Bancorp...
Iran Aims to Roll Out Pilot Version of Crypto Rial Within 2 Months – Finance Bitcoin News
The government in Tehran is taking steps in preparation of the launch of Iran’s new digital currency, referred to as...
Bank of Russia Accelerates Schedule for Digital Ruble Project – Finance Bitcoin News
The Central Bank of Russia continues to step up efforts to test and issue the digital ruble, with a roadmap...
Sberbank to Conduct First Digital Asset Transaction on Own Platform – Finance Bitcoin News
Russia’s largest bank, Sberbank, is going to carry out the first transfer of digital assets on its own dedicated platform...
Russia’s Industrial Giant Rostec Announces Blockchain-Based Alternative to SWIFT – Finance Bitcoin News
Rostec, the Russian manufacturing and technology conglomerate, has developed a system allowing the processing of international settlements and storage of...
Fidelity Plans Hiring Spree to Expand Crypto Services to Include Ethereum Trading and Custody – Finance Bitcoin News
Fidelity is planning a hiring spree to add ether trading and custody services to its cryptocurrency business. “As the demand...
