Auto Added by WPeMatico

Rate Hikes Needed to Reduce Eurozone Inflation Despite Recession, Top ECB Official Says

Interest rates will continue to rise while the euro area falls into recession, a high-ranking executive at the European Central Bank (ECB) has indicated. His statements follow the latest rate…

Continue ReadingRate Hikes Needed to Reduce Eurozone Inflation Despite Recession, Top ECB Official Says

Bank of Russia to Test International Crypto Payments With Companies

The Central Bank of Russia plans to use cryptocurrency for cross-border payments in trials with private companies, a member of its top management has revealed. The testing will be conducted…

Continue ReadingBank of Russia to Test International Crypto Payments With Companies

National Bank of Kazakhstan Publishes Whitepaper for Digital Tenge

The central bank of Kazakhstan has completed the second phase of testing for its digital currency and published a whitepaper. The studies carried out by the regulator on its introduction…

Continue ReadingNational Bank of Kazakhstan Publishes Whitepaper for Digital Tenge

Bank of Russia Moves to Safeguard Crypto Companies Against Sanctions

The Central Bank of Russia has introduced measures to protect entities working with digital assets from sanctions pressures. These businesses will be exempted from some reporting requirements as part of…

Continue ReadingBank of Russia Moves to Safeguard Crypto Companies Against Sanctions

Federal Reserve Hikes Rate by 50bps, FOMC Signals Rate to Rise to 5.1% Next Year

The U.S. central bank’s Federal Open Market Committee (FOMC) convened on Wednesday and raised the federal funds rate by 50 basis points (bps). The 0.5 percentage point rise follows the…

Continue ReadingFederal Reserve Hikes Rate by 50bps, FOMC Signals Rate to Rise to 5.1% Next Year

Bank of Russia Backs Crypto Mining Bill But Insists Minted Coins Should Be Exported

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…

Continue ReadingBank of Russia Backs Crypto Mining Bill But Insists Minted Coins Should Be Exported