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Israel Prohibits Cash Deals for Amounts Starting as Low as $1,700

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New legislation introducing tighter restrictions on payments with large sums of cash will enter into force in Israel on Monday. The goal, as stated by the country’s tax authority, is to improve the fight against organized crime, money laundering, and tax…

Lagarde von der EZB, Panetta sieht digitalen Euro als effizienteres Zahlungsmittel als Krypto

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Ungedeckte Kryptowährungen sind kein effizientes Zahlungsmittel und Stablecoins sind anfällig für Runs, Spitzenbeamte der Europäischen Zentralbank haben in einem neuen Artikel darauf hingewiesen, dass sie für einen digitalen Euro plädieren. The executives have marked key…

Russian Blockchain Alternative to SWIFT to Prevent Disconnection of Nations, Banks

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A Russian university is ready to test its blockchain-based analogue to the global payment messaging network SWIFT, from which Russian banks were cut off as part of Western sanctions. The developers say their system would not allow the disconnecting of countries…

Picpay bietet mehr als Kryptowährungsdienste in Brasilien an 60 Millionen Kunden

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Picpay, one of the most popular payments fintech companies in Brazil, has announced that it will start including cryptocurrency services in its app. The company explained that these services will include the possibility of purchasing crypto and processing payments with crypto…

SWIFT experimentiert mit dezentralisierten Technologien, um die CBDC-Verbindung zu ermöglichen

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SCHNELL, das Interbank-Zahlungsprotokoll und das Nachrichtensystem, hat angekündigt, daran zu arbeiten, die verschiedenen digitalen Währungen der Zentralbanken zu verbinden (CBDC) Protokolle, die sich heute in der Entwicklung befinden. Das Unternehmen ist eine Partnerschaft mit Capgemini eingegangen, ein Anbieter digitaler Dienste, making a series of experiments…

FTX Founder Sam Bankman-Fried Thinks Bitcoin Has No Future as a Payments Network

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Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, has given his take regarding the future of Bitcoin’s usage. Bankman-Fried stated he doesn’t believe that Bitcoin will work as a payments network, due to its limited capability for scaling to fulfill…

Der Präsident von Usbekistan erlässt ein Dekret zur Regulierung von Kryptowährungen, Bergbau und Handel

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The government of Uzbekistan has moved to expand its crypto regulations through a decree signed by President Shavkat Mirziyoyev. The document provides definitions for terms like crypto assets, exchange, und Bergbau, and determines the main regulatory body for the industry. Agency…

Bank of Russia to Pilot Digital Ruble Settlements in 2023

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Russland’s monetary authority intends to conduct the first settlements with the digital ruble next year, its governor announced this week. Speaking to Russian lawmakers, the official highlighted the important role the new currency is going to play for Russia under sanctions….

Digitaler Rubel „dringend benötigt,“, sagt die russische Zentralbank, Wird das Testen nicht verzögern

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The Central Bank of Russia has emphasized the importance of moving forward with its digital ruble project. According to a statement by a top representative, the monetary authority has no intention to delay the trials despite not all invited banks being…

Russische Handelskammer schlägt die Verwendung von Kryptowährungen in Siedlungen mit Afrika vor

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Employing crypto in cross-border payments is one of the proposals put forward by the Russian Chamber Of Commerce lobbying for more cooperation with African countries. Amid unprecedented sanctions limiting Russia’s ability to trade internationally, the head of the board has urged…