HSBC CEO backs CBDCs against crypto and stablecoins
Banking giant HSBC echoes global stablecoin concerns, calling for regulation to be equivalent to its adoption level. Go to Source Powered by WPeMatico
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Central bank of Ukraine to promote ‘fair’ Bitcoin regulation
Crypto doesn’t pose a big risk for the financial system until it’s adopted enough to be less volatile, the NBU said. Go to Source Powered by WPeMatico
Russia not ready to accept Bitcoin as legal tender, says Kremlin
The Russian government keeps insisting that payments in cryptocurrencies like Bitcoin would ruin its financial system. Go to Source Powered by WPeMatico
Sen. Elizabeth Warren calls crypto the ‘new shadow bank‘
The Massachusetts senator said that it’s “worth considering” banning U.S. banks from holding the reserves to back private stablecoins. Go to Source Powered by WPeMatico
Retirees in El Salvador protest against Bitcoin adoption
Retirees and veterans in El Salvador are worried that the government would start paying their pensions in Bitcoin instead of the U.S. dollar. Go to Source Powered by WPeMatico
Bitcoin ATM operators set up association to counter money laundering
“Many BTM operators feel that merely asking for a cell phone number is enough due diligence to absolve them of their mandated KYC requirements,” a Coinsource exec said. Go to Source Powered by WPeMatico
Thai SEC proposes new rules for digital asset custodians
The Thai SEC is seeking public input for newly proposed crypto custody regulations until late September. Go to Source Powered by WPeMatico
Bank of Ghana to pilot CBDC with German securities printing firm G+D
Originally specialized in currency and securities printing, Giesecke+Devrient has been increasingly working with central banks like the Bank of Thailand in piloting CBDCs. Go to Source Powered by WPeMatico
South African Start-Up Aims To Shield Merchants From Crypto Price Swings
While opponents of cryptocurrencies continue to peddle the environmental damage or the terrorism funding narrative, users from countries where the majority is financially excluded see these as a breakthrough innovation. Crypto Utility Inspires Volatility Solutions For instance, to undocumented migrants, cryptocurrencies offer a faster and cheaper way of sending money to their loved ones. For … Read more
Inside El Salvador’s Bitcoin experiment: Cointelegraph video report
Cointelegraph traveled to El Salvador to investigate whether citizens believe its new Bitcoin Law will be beneficial to the nation’s economy. Go to Source Powered by WPeMatico
