Banking crisis: What does it mean for crypto?
Cointelegraph breaks down the main events that led to the collapse of Silvergate, SVB and Signature Bank and explains what this all could mean for crypto.
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CBDCs could provide smooth cross-border payments, says Bank of Israel official
Yoav Soffer, the advisor to the deputy governor and CBDC project manager, spoke at Tel Aviv FinTech Week, explaining how a recent CBDC experiment proved efficient in cross-border transactions.
Banks collapsing; stablecoins depegging — What is happening? Watch The Market Report live
On this week’s episode of The Market Report, Cointelegraph’s resident experts explain what is going on with banks collapsing, stablecoins depegging and what you should do to stay safe.
Bank of Russia Registers Another Digital Asset Issuer
The Central Bank of Russia has added another entity to its register of authorized issuers of digital financial assets. The platform, called ‘Masterchain,’ becomes the fifth ‘information system operator’ in…
BIS wraps exploration project on retail CBDC payment system
The bank concluded that a ‘hub-and-spoke’ model between CBDC domestic systems could “reduce settlement and counterparty risk" and complete cross-border transactions in seconds.
Crypto Exchanges Binance and Kuna Suspend Card Transactions in Ukrainian Hryvnia
Major cryptocurrency exchanges operating in Ukraine have temporarily suspended operations with hryvnia bank cards. The measure stems from restrictions imposed by the country’s central bank, Binance and Kuna indicated in…
India explores offline functionality of CBDCs — RBI executive director
In addition to offline functionality, RBI is gauging CBDC’s potential for cross-border transactions and linkage with legacy systems of other countries.
Australian central bank to launch ‘live pilot’ of CBDC in coming months
The use cases for the CBDC ranged from offline payments to “trusted Web3 commerce” and financial industry participants were invited to undertake a live pilot.
FSB, IMF and BIS papers to set global crypto framework, says G20
A series of recommendations and papers setting standards for a global crypto regulatory framework will be released by the institutions in July and September.
U.S. Treasury Janet Yellen calls for ‘strong regulatory framework’ for crypto activities
On the sidelines of the G20 meeting, U.S. Treasury Secretary Janet Yellen said the country is not pushing for an outright banning of crypto activities.
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