Brazil’s central bank flags Stablecoins as growing threat to capital flow stability

Brazil’s central bank has raised concerns about the rapid rise in the use of US dollar-backed stablecoins for cross-border money transfers, warning that the development undermines capital controls and increases capital flow volatility.

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Swiss Central Bank rejects Bitcoin for reserves, citing volatility: report

Swiss National Bank Governor Martin Schlegel reaffirmed the central bank’s position against incorporating Bitcoin or other digital assets into its foreign exchange reserves.  Schlegel expressed concerns to Bloomberg regarding Bitcoin’s (BTC) high volatility, instability, and the regulatory challenges associated with…

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Czech central bank official skeptical on Bitcoin reserves amid legal, volatility concerns

Bitcoin in the Czech central bank’s reserves is uncertain after a senior official flags legal and volatility concerns. A debate over Bitcoin’s (BTC) place in Czech central bank reserves still lingers with board member Jan Kubicek voicing skepticism citing legal…

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Bitcoin Reserve? South Korea joins Japan, Switzerland in...

The Bank of Korea rejects Bitcoin reserves, citing high volatility and transaction cost concerns. Global sentiment on Bitcoin reserves remains divided, with major economies exercising caution.

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Senate Banking Chair moves to end debanking of crypto, ‘risky’ industries

Senate Banking Committee Chair Tim Scott has introduced a bill aimed at preventing federal regulators from using reputational risk as a factor in bank supervision. The move comes in response to concerns from the crypto industry, which has accused government agencies of cutting them off from the financial system.

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Swiss Central Bank President Rejects Bitcoin as a Reserve Currency, Cites Volatility and Liquidity Concerns

Swiss National Bank (SNB) President, Martin Schlegel, rejected Bitcoin as a nation’s currency, claiming that the asset is too volatile. Schlegel, president of SNB since October 2024, prefers assets like gold or bonds because they can bring stability to a volatile market.

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50% of Global Assets Now Held by Non-Banks, Warns BoE Chief

Speaking at The University of Chicago Booth School of Business in London, Andrew Bailey, the Bank of England’s Governor, raised concerns over the influence of non-bank financial (NBFIs) institutions in global markets.

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European Central Bank eyes digital Euro to counter Trump’s stablecoin push

In response to U. S. President Donald Trump’s recent executive order promoting dollar-backed stablecoins, the European Central Bank is emphasizing the need for a digital euro to maintain the competitiveness of eurozone banks.

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Botswana central bank flags 'minimal’ risks from crypto but urges regulation

Botswana’s central bank acknowledges minimal crypto risks but highlights money laundering and regulatory concerns as key priorities.

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75% of Crypto Hedge Funds Face Banking Access Challenges, New Report Finds

Industry leaders are raising concerns about a potential systematic exclusion of cryptocurrency entities from banking services, evidenced by widespread account closures and ambiguous bank communications.

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Bank of England cuts interest rates to 4.75% as UK inflation falls below target

The BoE's rate cut may stimulate economic growth but cautious future easing is likely due to fiscal policy impacts and inflation concerns. The post Bank of England cuts interest rates to 4.

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BIS urges caution as finance industry embraces asset tokenization

The Bank for International Settlements (BIS) has issued a cautionary report as traditional financial institutions accelerate their exploration of tokenization, raising concerns over governance, legal frameworks, and financial stability.

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AI risks financial stability, warns Indian central bank governor

India’s central bank governor has warned of financial risks linked to AI dominance in finance, echoing concerns from global financial authorities.

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South Korea’s largest crypto exchange Upbit to be probed by the FSC

South Korea’s Financial Services Commission plans to investigate Upbit over concerns about its market dominance and its close ties with K Bank. A local media report cited FSC chairman Kim Byoung-hwan, stating that the country’s top financial regulator will thoroughly…

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Bank of Japan maintains interest rates at 0.25% after core inflation firm to 2.8%

BoJ's rate hold amid inflation concerns highlights cautious economic strategy, contrasting with US Fed's aggressive rate cuts boosting markets. The post Bank of Japan maintains interest rates at 0.

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Japan's crypto market on edge: BOJ rate hike fears spark concerns

Bank of Japan's rate hikes could trigger new cryptocurrency market turmoil. Japan's crypto market share declines as the Prime Minister's departure looms. Recent volatility in the global econThe post Japan's crypto market on edge: BOJ rate hike fears spark concerns appeared first on AMBCrypto.

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Fed orders United Texas Bank to halt crypto services over AML concerns

The Federal Reserve issued a cease and desist order to United Texas Bank (UTB) on Aug. 29, directing it to stop offering crypto services. The order follows an examination concluded by the Federal Reserve Bank of Dallas and the Texas Department of Banking in May 2023, which identified alleged deficiencies in the bank’s corporate governance, […] The post Fed orders United Texas Bank to halt crypto services over AML concerns appeared first on CryptoSlate.

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Azerbaijan’s central bank holds back on CBDC over monetary policy concerns

Azerbaijan is taking a cautious approach to the development of a central bank digital currency, citing concerns over monetary policy and financial stability. The Central Bank of Azerbaijan hasn’t made plans to issue a central bank digital currency at this…

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WEF raises concerns over quantum computing risks to CBDCs, cryptographic encryption

The World Economic Forum (WEF) has issued a stark warning about the vulnerabilities in central bank digital currencies (CBDCs), urging the implementation of quantum-resistant strategies to safeguard these digital currencies from emerging cybersecurity threats.

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Pakistan mulls CBDC for women amid concerns of financial abuse

Pakistan’s finance minister says the country is mulling a central bank digital currency to empower women and tackle financial abuse. Pakistan is weighing in on launching a central bank digital currency (CBDC) to modernize financial transactions and provide greater accessibility…

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U.S. Senator expresses CBDC concerns, supports Bitcoin

U.S. Senator Marsha Blackburn highlighted the personal privacy and government surveillance risks of Central Bank Digital Currencies and Bitcoin.

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Ted Cruz spearheading anti-CBDC bill over financial privacy, government overreach concerns

A group of Senate Republicans, led by Senator Ted Cruz of Texas, is taking legislative steps to restrict the Fed’s capacity to introduce a central bank digital currency (CBDC), spotlighting the issue as a potential focal point in the 2024 presidential campaign discussions.

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XRP Army Bank On A Massive Bull Run As Pro-Ripple Lawyer Calls XRP’s Poor Price Performance ‘Unnatural’

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Crypto.com becomes latest bank run victim, but CEO says it is business as usual

Crypto dot com CEO Kris Marszalek held an AMA on November 14, addressing concerns about marketwide insolvency pressures. The post Crypto.com becomes latest bank run victim, but CEO says it is business as usual appeared first on CryptoSlate.

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Crypto Bank Silvergate’s Stock Defended By Analysts Amidst FTX Concerns

Silvergate shares have fallen this week on broader crypto market worries, including the fact that FTX is a customer of theirs.

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Crypto no longer in top 10 most-cited potential risks: US central bank report

U.S.-China tensions, the Russia-Ukraine war, higher energy prices, rising inflation, the COVID-19 pandemic and cyberattacks came out as some of the most pressing financial risk concerns.

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Market Wrap: Ether, Other Cryptos Rise Despite Unsettling Inflationary Concerns

Bitcoin was trading sideways but other major cryptos were solidly in the green despite a jumbo interest rate hike by the Bank of England and a dip in jobless claims. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.

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JPMorgan Sees Concerns for Ethereum Blockchain After the Merge

The platform has become less decentralized after the switch to proof-of-stake, the bank said.

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Siam Commercial Bank abandons plans to purchase $500M stake in crypto exchange Bitkub

The bank cited concerns with Bitkub “resolving various issues,” according to recommendations from the country’s Securities and Exchange Commission without a definite timeline.

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Portuguese banks shutting crypto accounts citing risk management concerns

The Bank of Portugal has licensed all of the exchanges that have had their accounts closed, including Criptoloja, Mind The Coin and Luso Digital Assets.

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Bank of England Raises Interest Rate by Most Since 1995

The Bank of England has raised interest rates by 50 basis points to 1.75%, its biggest single increase since 1995, amidst concerns that U.K. inflation will be significantly above 10% next year.

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US 'Missing From the Table' on CBDC Discussions: Atlantic Council Director

Think tank director Josh Lipsky joined CoinDesk TV’s “First Mover” to discuss the advancement of central bank digital currencies and why concerns over privacy and interoperability could influence global adoption.

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Nigerian banks impede e-Naira adoption over concerns it will impact banking revenue

Nigerian banks are reluctant to promote Nigeria’s low-cost central bank digital currency, e-Naira, due to concerns of losing revenue. The post Nigerian banks impede e-Naira adoption over concerns it will impact banking revenue appeared first on CryptoSlate.

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ECB Says Bitcoin Ban “Probable” Due to Climate Concerns

A new European Central Bank report has questioned whether climate risk is priced into crypto assets such as Bitcoin. ECB Condemns Proof-of-Work Blockchains The European Central Bank is bearish on...

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Bank of America Says 'Crypto Winter' Concerns Haven't Frozen Investor Interest

Blockchain technology is the most significant evolution of software since the internet, the report said.

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JPMorgan CEO Jamie Dimon Predicts Gloomy Future For Markets

Following the unfavorable market conditions that have beclouded the crypto space over the past few weeks, the CEO of the global investment bank, JPMorgan, Jamie Dimon has expressed concerns over what he feels is still the “beginning” of “unfavorable market conditions.

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Bank of Canada’s Deputy Governor Calls For Advancement Of Crypto Regulations

In an interview with Reuters on June 9th, 2022, Carolyn Rogers, Senior Deputy Governor of the Bank of Canada talked about the problems of the growing demand for Cryptocurrency assets in Canada. One of her concerns is that a lot of people investing in products like Bitcoin may not necessarily understand the risk and little […]

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Citi Says Crypto Market Volatility Has Affected User Adoption

Concerns about stablecoins following UST’s collapse have exacerbated declines in digital asset prices, the bank said.

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World Bank Disapproves Of Central African Republic’s Bitcoin Legal Tender Trajectory

The World Bank has expressed concerns over a plan by the Central African Republic to set up a crypto hub, weeks after the nation became the second country in the world to make Bitcoin legal tender.

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World Bank won’t support Central African Republic’s Sango crypto hub

The World Bank has said “it will be physically impossible” for the lender to fund the planned Sango crypto hub and voiced concerns regarding the country’s adoption of Bitcoin.

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ECB expresses concerns over ‘interconnectedness’ of crypto with financial institutions

The European Central Bank warned in its latest Financial Stability Review that the growing adoption of crypto assets by banks and other financial institutions could affect the region’s financial stability.

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