Search Results for: Central Banks

US Lawmakers Urge Fed Chair Jerome Powell to Support Crypto Innovation

avtor

Več ameriških. lawmakers have called on Federal Reserve Chairman Jerome Powell to support cryptocurrency innovation. “The Federal Reserve must work to support domestic innovation … Our government should never be in the business of thwarting innovation.” Members of Congress Urge Fed…

IMF Warns Crypto Boom Poses New Financial Stability Challenges, Urges Regulators to Step Up

avtor

The International Monetary Fund (IMF) warns that the rising popularity of cryptocurrencies poses new challenges to financial stability. “Cryptoization can reduce the ability of central banks to effectively implement monetary policy. It could also create financial stability risks.” IMF Sees New…

Federal Reserve Chairman Powell Says No Intention to Ban or Limit Use of Cryptocurrencies

avtor

Federal Reserve Chairman Jerome Powell confirmed during a hearing before the House Financial Services Committee that he has no intention to ban or limit the use of cryptocurrencies. He also commented on the regulation of stablecoins. Powell Says ‘No Intention to…

Italian Payments Giant Nexi Involved in Digital Euro Project

avtor

Nexi, a leading European payments company, is reportedly giving advice to the European Central Bank (ECB) related to the digital euro project. The announcement was made by Nexi’s CEO Paolo Bertoluzzo, who also gave his opinion about the future of central…

Iranian Lawmakers Oppose Crypto Restrictions, Call for Supportive Regulations

avtor

Members of the Iranian parliament, the Majlis, have voiced concerns over Tehran’s restrictive policies towards innovations such as cryptocurrencies. Following the release of a study recommending a new approach towards the crypto industry, the lawmakers have called for the adoption of…

Bank of Russia to ‘Slow Down’ Payments to Crypto Exchanges, Curb Russians’ Impulsive Investments

avtor

Central Bank of Russia is now working with commercial banks in order to delay payments made to digital asset exchanges. The move aims to limit “emotional” cryptocurrency purchases made by “unqualified” Russian investors, a CBR official revealed. The move is likely…

Canada’s ‘Mad Max’ Supports Bitcoin — Says ‘I Hate How Central Banks Are Destroying Our Money and Economy’

avtor

Maxime Bernier, a former cabinet minister nicknamed “Mad Max” and the leader of the People’s Party of Canada (PPC), says he supports bitcoin and cryptocurrencies. “I hate how central banks are destroying our money and economy … cryptos are another new…

Digital Ruble to Help Curb Use of ‘Money Surrogates,’ Russia Says in Financial Strategy Document

avtor

The launch of a digital ruble will be among Russia’s key priorities of digitalization this decade, država’s financial market development strategy has confirmed. The document claims the issuance of a digital national fiat will help the central bank to prevent…

Regulatorna prenova FSC naj bi se ustavila 40 Kripto borze v Južni Koreji

avtor

A new regulatory overhaul could put 40 izven 60 exchanges out of business in South Korea after the firms are expected to fail to meet the conditions that are being proposed by the Financial Services Commission (FSC). This action might…

BIS poziva centralne banke, naj nujno razvijejo CBDC za konkurenco kriptosredstvom

avtor

The head of the Bank of International Settlements (BIS) Innovation Hub, Benoît Cœuré, has urged central banks to act now on central bank digital currencies (CBDC) to compete with initiatives in the private sector, vključno s kriptovalutami. “CBDCs will take years to…