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Central African bank regulator reminds member states of crypto ban, Reuters reports

Central African bank regulator reminds member states of crypto ban, Reuters reports

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advertisement Central Africa’s regional banking regulator reminded member states on Friday of its ban on cryptocurrencies, just weeks after the Central African Republic (CAR) made bitcoin legal tender, Reuters said. The reminder came after a chaotic week for crypto when the linked meltdown of the algorithmic stablecoin UST and Terra’s native Luna asset resulted in …

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Argentina's central bank blocks financial institutions from offering crypto

Argentina’s central bank blocks financial institutions from offering crypto

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advertisement Argentina’s central bank (BCRA) announced today that financial institutions cannot enable their clients to carry out operations using digital assets, just days after two banks said they had opened up crypto trading to their clients.  On May 2, the major private bank Banco Galicia and all-digital Brubank both announced they would offer crypto trading …

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Treasury official touts the 'flexibility' of bank charters for stablecoin issuers during Senate hearing

Treasury official touts the ‘flexibility’ of bank charters for stablecoin issuers during Senate hearing

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In its push for greater stablecoin oversight, the US Treasury Department is trying to soften its central proposed regime. This was particularly apparent in a hearing before the Senate Banking Committee today.  In the second of two hearings on a report on stablecoins from the President’s Working Group on Financial Markets, a senior Treasury official …

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Why BitMEX is betting its future relevance on a 268-year-old German bank

Why BitMEX is betting its future relevance on a 268-year-old German bank

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Quick Take The embattled crypto exchange has made a bold swoop for an ancient German bank. CEO Alexander Höptner hopes he can vault BitMEX back into the ranks of the biggest crypto exchanges, but time is of the essence.  This feature story is available to subscribers of The Block Daily. You can continue reading this …

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Rep. Waters calls on Biden to reverse policies that let banks custody cryptocurrencies and stablecoin reserves

Federal Reserve publishes long-awaited central bank digital currency report

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The US Fed’s long-awaited report on central bank digital currencies dropped Thursday afternoon. Framed as a discussion paper, the Fed notes in its introduction release that it “examines the pros and cons of a potential U.S. central bank digital currency, or CBDC.” “It invites comment from the public and is the first step in a …

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SoFi Can Launch Bank Provided It Doesn't Touch Crypto

SoFi Can Launch Bank Provided It Doesn’t Touch Crypto

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Student loan and financial service provider Social Finance Inc. (SoFi) has received conditional approval from the Office of the Comptroller of the Currency (OCC) to create a full service national bank, provided the new entity does “not engage in any crypto-asset activities or services,” the OCC announced on Tuesday. Source link

First Mover Asia: Bitcoin Rally Stalls After US Central Bank Chair’s Comments; Ether Rises

First Mover Asia: Bitcoin Rally Stalls After US Central Bank Chair’s Comments; Ether Rises

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Good morning. Here’s what’s happening this morning: Market moves: Bitcoin dropped on U.S. Fed Chair Powell’s comment, while ether gained more market share. Technician’s take: Support levels remain intact, which could establish a tight trading range between $55,000-$60,000 BTC into the Asian trading day. Catch the latest episodes of CoinDesk TV for insightful interviews with …

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Saudi Central Bank Mulls Blockchain for Finance, Rejects Phasing Out Cash: Report

Saudi Central Bank Mulls Blockchain for Finance, Rejects Phasing Out Cash: Report

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Saudi Arabia’s central bank is experimenting with emerging technologies like blockchain for the finance sector, but doesn’t intend to phase out cash in favor of digital payments, according to an interview with local newspaper Al Eqtisadiah. Central bank digital currencies (CBDCs) are one of the most important financial technologies under development, but the kingdom does …

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