Hong Kong watchdog warns stablecoins could undermine HKD in CBDC paper
Hong Kong’s financial watchdog says it is concerned over the rising popularity of stablecoins, as it invites the public to give their say on the merits and challenges of e-HKD.
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The Philippines will launch pilot wholesale central bank digital currency project
Retail digital payments are growing, but the country needs to implement further payment and financial inclusion reforms before a retail CBDC will be needed.
Cuban central bank makes it official: VASP licensing coming in May
The Gazette further determines that this decision will enter into force 20 days after its publication, which is May 16.
While Global Markets Get Spooked by Covid and a Hawkish Fed, Stocks and Crypto Rebound After Musk Buys Twitter
Wall Street suffered Monday morning as the major U.S. stock indexes dropped further, building on losses gathered last week. Reports indicate that investors are concerned about the upcoming Federal Reserve…
‘Something sure feels like it’s about to break’ — 5 things to know in Bitcoin this week
Bitcoin looks set for a fall as a surging U.S. dollar sparks suspicion based on an equally grim macro picture.
Bank of Russia to Pilot Digital Ruble Settlements in 2023
Russia’s monetary authority intends to conduct the first settlements with the digital ruble next year, its governor announced this week. Speaking to Russian lawmakers, the official highlighted the important role…
National Bank of Ukraine Temporarily Bans Cross-Border Crypto Purchases With Hryvnia
The central bank of Ukraine has introduced additional restrictions on international transactions that will prevent Ukrainians from buying crypto assets abroad with the national fiat. The measures are intended to…
Ukraine bans Bitcoin purchases with local currency amid martial law
Ukrainians are now allowed to buy Bitcoin only with foreign currency with a monthly cap of $3,300.
Fed’s Bullard Wants to Raise Bank Rate to 3.5% by Year’s End, Hints at 75 Basis Point Rate Hike
The 12th president of the Federal Reserve Bank of St. Louis, James Bullard, thinks the U.S. central bank can increase the benchmark bank interest rate by 75 basis points this…
Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing
The Central Bank of Russia has emphasized the importance of moving forward with its digital ruble project. According to a statement by a top representative, the monetary authority has no…
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