Board urges Bank of Central African States to introduce common digital currency: Report
The Central African Republic, one of the nations served by the Bank of Central African States, passed legislation adopting Bitcoin as legal tender in April.
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Financial Superintendence of Colombia Presents Project to Regulate Crypto Service Providers
The Financial Superintendence of Colombia presented a project that seeks to bring clarity to how links between banks and virtual asset service providers (VASPs) will be handled in the future.…
‘Token will defeat cryptocurrency’: Russia debuts palladium-backed stablecoin
Backed by a sanctioned Russian oligarch, Atomyze became Russia’s first legal digital asset manager, obtaining registration from the central bank in February 2022.
Crypto Is Not a Priority For Most Private Banks, FED Survey Concludes
Inflation is raging in the United States, and banks are looking for solutions to cope with this crisis. Still, crypto is not on the radar of financial strategists just yet.…
56% of banks say DLT and crypto are ‘not a priority’ in near future — Fed survey
Many respondents from major banks said the technology would likely be unimportant for liquidity management practices until 2027.
Russian Blockchain Alternative to SWIFT to Prevent Disconnection of Nations, Banks
A Russian university is ready to test its blockchain-based analogue to the global payment messaging network SWIFT, from which Russian banks were cut off as part of Western sanctions. The…
US Treasury study finds CBDCs a plus for commercial bank stability
Access to CBDCs reduces banks’ need to insure against liquidity risks and gives policymakers greater information about trouble in the financial system, according to the study.
Dutch bank ING sells digital asset tool Pyctor to GMEX
GMEX has acquired ING’s Pyctor business to connect CeFi and Defi amid the increasing demand for hybrid finance.
Peter Schiff’s bank closure strengthens Bitcoin case for financial freedom
Puerto Rico regulators closed down Schiff’s bank for not maintaining the net minimum capital requirements. As a result, customers lost access to their accounts following a subsequent freeze.
Circle Taps New York Community Bank as its Latest Custodian for USDC Reserves
Circle has tapped a New York state-based community bank as its latest custodial provider for USDC reserves. The move reflects Circle’s strategy to deepen partnerships with Community Banks across the…
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