Central Bank of Brazil Links Stablecoin Growth to Tax Evasion and Money Laundering

The new president of the Central Bank of Brazil has linked the rapid growth of stablecoins with tax evasion and money laundering. He remarked that individuals use these tools for cross-border payments to maintain an “opaque vision for taxation or money laundering.” Central Bank of Brazil States Stablecoin Volumes Linked to Tax Evasion and Money … Read more

South African Central Bank Chief Criticizes Crypto Lobbying Efforts, Warns of Regulatory Capture

Lesetja Kganyago, governor of the South African Reserve Bank, criticized crypto lobbyists at the World Economic Forum in Davos for pushing countries to add Bitcoin to their reserves. South Africa Central Bank Chief Questions Lobbyists’ Focus on Bitcoin The governor of the South African Reserve Bank (SARB), Lesetja Kganyago, has slammed crypto lobbyists calling on … Read more

Kenyans HODL On: Crypto Use Soars Despite Central Bank Warnings, Study Finds

A new study found that typical Kenyan crypto users to be under 40. Kenyans not only trade cryptocurrencies but use them for investment and as a hedge against inflation. Kenya Seeks IMF Assistance According to a study by a Kenyan Technical Working Group, Kenyan residents continue to trade cryptocurrencies despite repeated warnings from the central … Read more

Norway’s Central Bank on CBDC Progress: We’re Not Falling Behind

Norway’s central bank is on track to decide by 2025 whether to adopt a central bank digital currency (CBDC), but officials stress there’s no urgency. Despite Norway’s cashless society, with only 2% using cash, the bank is carefully studying both retail and wholesale CBDC options, emphasizing complex issues and the need for collaboration with other … Read more

JPMorgan: Gold and Bitcoin Surge as Debasement Trade Gains Momentum

Global investment bank JPMorgan’s analysts have highlighted the growing impact of the “debasement trade” in boosting gold and bitcoin prices. Gold’s rise is linked to inflation, geopolitical instability, and waning trust in fiat currencies. Both institutional and retail investors are viewing gold and bitcoin as safe havens amid global economic uncertainty, with future trends depending … Read more