Sen. Cynthia Lummis praises Bitcoin, calls CBDCs ‘the beast’

Sen. Cynthia Lummis reiterated her Bitcoin agenda on Friday and derided the merits of Central Bank Digital Currencies (CBDCs) in an interview with Fox Business host Larry Kudlow. In a recent interview with Fox Business on Friday, July 13, Lummis… дальше »

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Israel CBDC plans on hold ahead of potential digital euro launch

The Bank of Israel made it clear that it’s in no hurry to launch its digital shekel, opting to wait and observe the developments of the digital euro first. Israel‘s central bank is waiting for Europe’s central bank “to pull… дальше »

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EIA Hosting Bitcoin Mining Energy Use Webinar Today

The EIA is hosting a webinar on mining energy use at 12:00 PM Central Standard Time today, July 10th. дальше »

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Israel Decision on Digital Shekel Won't Occur Before the EU's Call on Digital Euro: Reuters

The Bank of Israel won't decide whether to launch a central bank digital currency before the European Union does, Deputy Governor Andrew Abir told Reuters. дальше »

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Italian central bank set to introduce crypto guidelines

Italy's central bank is set to publish crucial cryptocurrency guidelines to facilitate the effective application of MiCA. дальше »

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Bank of Italy to release crypto guidelines in ‘coming days’ — Governor

Italy’s central bank will soon share how the country should apply the EU’s MiCA crypto laws, with its governor slamming Bitcoin and Ethereum as “unbacked” cryptocurrencies. дальше »

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ECB's Panetta Slams Bitcoin and Ethereum

The famed Italian central banker has argued that Bitcoin and Ethereum have no intrinsic value дальше »

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Bitcoin Little-Changed Above $57K as Fed Chair Powell Testifies to Congress

Jerome Powell made clear that central bank policymakers are focused on downside risks to the economy as much as they are inflation. дальше »

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Taiwan is not in a CBDC rush as central bank lacks timetable 

Taiwan's central bank has clarified that it lacks a specific timetable for introducing a digital currency, or CBDC. дальше »

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Taiwan central bank says no rush for CBDC launch

The Central Bank of the Republic of China mentioned handling government tenders through special purpose tokens to improve operational efficiency using smart contracts for bids and performance bonds. дальше »

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Nigerian central bank alleges unauthorized transactions by Binance

Binance’s alleged illegal operations were highlighted in court on July 5, with a central bank official testifying on the lack of necessary licenses and regulatory approval. дальше »

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Labour Landslide Sets Up Starmer as UK Prime Minister With Unstated Crypto Plans

While the industry was not mentioned in the party's manifesto or on the campaign trail, Labour has said it will support tokenization and a central bank digital currency. дальше »

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Russia contemplating permanently legalizing stablecoins for cross-border payments

The Russian government is contemplating the official legalization of stablecoins for international transactions to simplify cross-border payments for Russian companies amid ongoing sanctions, Izvestia reported on July 3, citing the Russian central bank. дальше »

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Russia’s central bank might legalize stablecoins for trades with China: report

The Bank of Russia is considering approving stablecoins for cross-border trades, as local businesses explore alternative methods to conduct trade with China amid sanctions. Russia‘s central bank, the Bank of Russia, is considering the legalization of stablecoins for cross-border transactions… дальше »

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Bahamas regulator to require local banks to provide access to CBDC

The Bahamas’ central bank has indicated its intention to force all local banks to accept the country’s digital currency as its popularity slides. The Central Bank of The Bahamas plans to mandate all local banks to adopt the country’s central… дальше »

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Market Confidence Could Quickly Crumble, BIS Warns Indebted Nations

BIS, the umbrella body for central banks highlights, highlights risks from mounting fiscal debt worldwide and premature rate cuts. дальше »

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USD/ZIG: Zimbabwe Gold steady after central bank decision

The USD/ZIG exchange rate has remained relatively stable this month as the use of the Zimbabwe Gold continues. According to the Zimbabwe Central Bank, the pair was trading at 13. 68 on Wednesday, where it has been in the past few weeks. дальше »

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Zeta Markets Launches ZEX Token, Distributes 10% of Supply Through Airdrop

Zeta Markets launches ZEX token, distributing 10% via airdrop to users. ZEX is central to governance, staking, and Zeta X on Solana. The post Zeta Markets Launches ZEX Token, Distributes 10% of Supply Through Airdrop appeared first on BeInCrypto. дальше »

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BIS urges central banks to adopt AI to mitigate economic and financial risks

The Bank for International Settlements (BIS) has called on central banks to embrace artificial intelligence (AI) in anticipation of its significant impact on the economy and financial system. In a pre-released chapter of its upcoming Annual Economic Report for 2024, the BIS emphasized that the widespread adoption of AI could affect inflation trends and urged […] The post BIS urges central banks to adopt AI to mitigate economic and financial risks appeared first on CryptoSlate. дальше »

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India’s CBDC activity declines sharply after artificial pump: report

India’s digital currency, known as the e-rupee, is experiencing a sharp decline in activity after local banks ceased artificially inflating its metrics. India‘s central bank digital currency (CBDC) appears to be losing momentum, dropping sharply to a fraction of its… дальше »

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Bitcoin Rights Secured In Louisiana: New Bill Protects BTC And Shuns CBDCs

Bitcoin, the leading cryptocurrency asset in the financial sector, is set to garner more recognition as the state of Louisiana has enacted a historic law that will safeguard BTC access while outlawing the use of Central Bank Digital Currencies (CBDCs). дальше »

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Fresh from the Trading Room: Corn, Cattle, Canada

Bank of Canada's recent interest rate cut, the first among G7 central banks, could be a harbinger of similar actions by other central banks in developed economies. The shift towards looser monetary policy could have significant implications for commodities. дальше »

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Swiss central bank extends CBDC pilot until 2026

The Swiss National Bank moves forward with its digital franc pilot, extending it by at least two more years. The Swiss National Bank (SNB) has decided to extend its pilot program for issuing a wholesale central bank digital currency (CBDC)… дальше »

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Iran to pilot CDBC in Kish Island starting July

The Central Bank of Iran (CBI) will begin a trial of its central bank digital currency (CBDC), the digital rial, in Kish Island starting in July. The central bank said on June 19 that banking network customers and tourists can use the digital rial wallet to make purchases and transfers between wallets via barcode without […] The post Iran to pilot CDBC in Kish Island starting July appeared first on CryptoSlate. дальше »

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UniCredit CEO endorses digital euro with banks’ role intact

UniCredit CEO Andrea Orcel voiced his support for a digital euro if only banks retain their central role in its implementation and operation. Digital euro could be a “very good” thing if financial lenders retain their central role, UniCredit CEO… дальше »

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IMF Says CBDCs Could Boost Middle East's Financial Inclusion, Payment Efficiency

Central bank digital currencies (CBDCs) may not be essential to achieving intended policy goals, instead addressing underlying constraints and improving other digital payment systems may be a more practical alternative, a survey of 19 central banks in the Middle East and Central Asia (ME&CA) region by the International Monetary Fund's (IMF) has said. дальше »

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Is Donald Trump actually launching an official coin?

There’s no official confirmation about whether DJT on Solana is linked to Donald Trump’s campaign — but there are several reasons why the former president might be tempted. Donald Trump has railed against central bank digital currencies, opened the door… дальше »

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Iran to start public pilot for digital currency on Kish Island

Iran’s central bank is set to launch a pilot for its digital rial enabling cashless transactions for banking customers. The Central Bank of Iran (CBI), also known as Bank Markazi, has announced the operational phase of its digital currency known… дальше »

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Korean court gets new evidence alleging Terra’s Kwon deceived investors with fake transfers

South Korean prosecutors have found new evidence alleging that Terra founder Do Kwon conspired with former Chai CEO Shin Hyun-Sung to deceive investors with fake transactions. Terraform Labs co-founder Kwon Do-Hyeong, a central figure in the collapse of the Terra… дальше »

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BIS reveals almost every major central bank is interested in wholesale CBDCs

The Bank for International Settlements (BIS) said its recent survey of central banks revealed that 94% of them globally are now engaged in exploring central bank digital currencies (CBDCs) — reflecting a sharp increase in experiments and pilots, especially with wholesale CBDCs. дальше »

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Central banks less likely to issue retail CBDCs in mid-term, BIS says

According to the results of the 2023 BIS survey on central bank digital currencies and crypto, only 12% of central banks are planning to issue retail CBDCs in the mid-term. A recent survey by the Bank for International Settlements (BIS)… дальше »

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More Central Banks Are Exploring a CBDC, BIS Survey Finds

There's a greater chance of a wholesale CBDC being issued within six years than a retail one, according to the report. дальше »

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Congressman Massie says support for legislation to abolish Federal Reserve has grown 10x

US Congressman Thomas Massie has reintroduced legislation aimed at abolishing the Federal Reserve, a move he says was inspired by a seminal book on Bitcoin. The bill, known as the “Federal Reserve Board Abolition Act,” marks the first attempt in a decade to dismantle the nation’s central banking system. дальше »

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A Closer Look at Crypto Casino Regulations and Compliance

Crypto casinos are sites that use virtual currencies like Bitcoin (BTC) instead of fiat currencies. As crypto casinos grow in success, central authorities are starting to create rules and laws on how they operate. дальше »

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$3 XRP Price Beckons As Ripple Pens Deal With Georgia’s Central Bank To Revolutionize Economy

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Ripple Teams up With Republic of Georgia's Central Bank for Economic Revolution

National Bank of Georgia using Ripple partnership to digitize economy дальше »

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Bitcoin Tumbles Below $70,000: Jobs Report, ECB Rate Cut Deliver Double Whammy

Friday delivered a double whammy to the Bitcoin market, exposing the cryptocurrency’s sensitivity to the ever-shifting sands of global economics. The price of the digital asset tumbled below $70,000 after a perplexing US jobs report collided with a surprise interest rate cut by the European Central Bank (ECB). дальше »

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Arthur Hayes predicts impending bull run for Bitcoin as G7 central banks start easing policy

BitMEX co-founder Arthur Hayes believes the recent policy shifts by global central banks herald the start of a significant bull market for Bitcoin and high-potential altcoins. In his latest blog post, “Group of Fools,” Hayes articulated how these changes in monetary policy create a fertile ground for the crypto market’s growth. дальше »

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Russian official says international CBDC payments will be the norm within 5 years

Central bank digital currencies (CBDCs) are expected to become widespread and will be used for international payments as a norm within the next five years, according to Anatoly Aksakov, Chairman of the Russian State Duma’s Financial Markets Committee. дальше »

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Crypto On Watch: Will ECB Rate Cut Fuel Bitcoin Rally?

Bitcoin prices are set to surge following the European Central Bank’s (ECB) decision to initiate its first interest rate cut in five years yesterday. The unanimous vote by all 20 national representatives slashed rates by 0. дальше »

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European Central Bank, Bank of Canada Cut Interest Rates: Crypto Market Impact

The ECB and BoC cut interest rates, boosting spending and crypto investments, with future adjustments hinging on economic data. The post European Central Bank, Bank of Canada Cut Interest Rates: Crypto Market Impact appeared first on BeInCrypto. дальше »

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UAE central bank introduces licensing system for stablecoins

UAE central bank has approved new licensing for dirham-backed stablecoins. The licensing system is part of UAE’s broader Financial Infrastructure Transformation (FIT). The Dubai regulator updated the rules to allow limited investments in unrecognized tokens. дальше »

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Money20/20: Digital euro is highly likely, says ECB’s Evelien Witlox

In her presentation at Money20/20, Evelien Witlox, Digital Euro Director at the European Central Bank, delved into the potential implications of a digital euro and how its inception would impact the Euro payment landscape Noting a decrease in cash usage… дальше »

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Zimbabwe central bank ironing out wrinkles in new currency

The new currency, an outgrowth of the government’s gold-backed token, is performing well economically but receiving mixed public reviews. дальше »

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Money20/20: Global adoption of CBDCs is growing, but interoperability presents challenges

Pallavi Thakur, Director of Strategy and Innovation at Swift, and Ryan Rugg from Citi shared insights at Money20/20 from their recent collaborative CBDC experiment. Both Thakur and Rugg cited the rapid progress of the global adoption of central bank digital… дальше »

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Qatar Central Bank launches first phase of CBDC project

The Qatar Central Bank (QCB) has announced the completion of the infrastructure development for its Central Bank Digital Currency (CBDC) project, marking a significant milestone in its efforts to embrace digital financial transformations. дальше »

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Qatar Central Bank launches first phase of CBDC project

The small country on the Arabian Peninsula sees CBDC as part of its national development strategy.

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Will Bitcoin benefit from a European Central Bank rate cut?

The ECB is widely anticipated to implement a 0.25% rate cut this week, following seven consecutive months of inflation easing across the eurozone. дальше »

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OKX expands crypto exchange services to the Netherlands

OKX has launched its Web3 wallet and crypto exchange service in the Netherlands. The exchange will offer spot trading, crypto convert and other services, with support for 150 cryptocurrencies. OKX holds regulatory approval from De Nederlandsche Bank (DNB), the central bank of the Netherlands. дальше »

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OKX expands to the Netherlands with new crypto exchange and wallet

Previously known as Okcoin Europe, OKX began serving users in the Netherlands in 2021 after registering with the Dutch central bank. дальше »

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