New regulatory bill grants Uruguayan Central Bank control over the nation’s crypto industry
The Uruguayan government introduced legislation to the parliament on Sept. 5, accelerating industry regulation.
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Ethiopian Central Bank Restricts Amount of Cash Travelers Can Hold, Sets Foreign Currency Conditions
According to the National Bank of Ethiopia’s directive, which became effective on September 5, persons entering and departing the country in possession of local currency are now subject to new…
Central Bank of China Calls for Increasing Use of Digital Yuan
The People’s Bank of China has urged for widening of the array of use-case scenarios for its central bank digital currency. The monetary authority believes that deeper interconnection with traditional…
Norwegian central bank uses Ethereum to build national digital currency
The prototype infrastructure for Norway’s central bank digital currency is based on Ethereum, the Norges Bank officially stated.
Bank of Russia to Promote Digital Ruble in Foreign Trade as Finance Ministry Pushes for Crypto Option
Days after the two institutions agreed on the need for cross-border crypto payments, the finance ministry and the central bank of Russia are once again highlighting their different priorities. While…
Russia Explores Stablecoins for Settlements With Friendly Nations
Russia is cooperating with friendly countries on the potential employment of stablecoins in international payments, a top government official unveiled. The news comes after key institutions in Moscow agreed that…
Russia Can’t Do Without Cross-Border Crypto Payments, Consensus Reached
Key government institutions have agreed that Russia needs to legalize crypto payments for international settlements. The proposal has been gaining support in the past few months since Moscow’s decision to…
Sanctioned Russian Bank Tests In-app Operations With Digital Rubles
A Russian bank, one of the country’s largest by assets, has conducted a successful trial with digital ruble transactions processed through its mobile app. The state-owned Promsvyazbank was one the…
Bitcoin holds $20K, but analysts say BTC open interest leaves room for ‘more deleveraging’
BTC trades in the lower-end of its 76-day range, but analysts say future Fed actions and record-high open interest increase the possibility of future “deleveraging events.”
South Korean central bank eyes MiCA, says future regulations may allow ICOs again
A Korean translation of the EU regulatory framework gave the Bank of Korea food for thought, and it shared its views on ICOs, stablecoins and protecting innovation.
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