Category: Centralbank

Bank of Russia Ready to Legalize Crypto Mining If Miners Sell Minted Coins Abroad

The Central Bank of Russia would agree to the legalization of cryptocurrency mining, provided the proceeds from the activity are converted to fiat outside of Russia. The regulators latest position on the matter comes after it softened its stance on the......

Cleveland Fed-president Loretta Mester förutspår inte en lågkonjunktur,Säger att inflationen kommer att gå ner

Cleveland Federal Reserve Banks president Loretta Mester gör det’Jag tror inte att en lågkonjunktur kommer att äga rum i USA men tror att det kommer att ta två år att få tillbaka inflationen 2%. När jag pratade under en intervju på söndagen, Mester förklarade......

American Economists Are Baffled by an ‘Unusual Situation’ as Russia’s Ruble Is the World’s Best Performing Fiat Currency

Two months after the Russian ruble fell below a U.S. penny, the transcontinental countrys fiat currency is the best performing currency worldwide. American economists are baffled by theunusual situationbecause a country facing stiff sanctions typically sees its fiat currency......

Thailand Exempts Crypto Transfers From VAT Until End of 2023

Authorities in Thailand have formally introduced a value-added tax (VAT) exemption for transfers of cryptocurrencies through government-approved exchanges. The tax break, in force until the end of next year, will also apply to digital currency issued by the Bank of Thailand.......

ECB Survey Finds 10% of Eurozone Households Own Crypto Assets

One in every 10 households in six eurozone countries has acquired cryptocurrencies, the European Central Bank (ECB) has found with a new survey. While the richest are most likely to own crypto assets, poor families are not far behind, the poll......

Get Real, Lagarde — The Underlying Asset ‘Guaranteeing’ Your Euro Scam Coin Is a Gun

With the approaching tsunami of central bank digital currencies (CBDCs) looming ever closer, it shouldnt come as a surprise when central banks shill their coins at the expense of sounder assets. Recently, European Central Bank president Christine Lagarde went so far......

Cyprus Drafts Crypto Rules, May Introduce Them Before EU Regulations

Cyprus has prepared its own legislation to regulate crypto assets and is likely to adopt it before Europe finalizes a common regulatory framework, a government official has indicated. The authorities in Nicosia welcome thecarefuluse of cryptocurrencies, he added. Government......

Bank of Russia Seeks to Allow Stock Exchanges to Trade Digital Assets

The Central Bank of Russia has recently proposed authorizing traditional stock exchanges to operate in the digital assets market. Industry watchers say the regulator aims to provide investors with an option to trade cryptocurrencies in a controlled environment. Russian Stock Exchanges......

While Global Markets Get Spooked by Covid and a Hawkish Fed, Stocks and Crypto Rebound After Musk Buys Twitter

Wall Street suffered Monday morning as the major U.S. stock indexes dropped further, building on losses gathered last week. Reports indicate that investors are concerned about the upcoming Federal Reserve rate hikes and Chinas recent Covid-19 outbreak. As equities floundered on......

Bank of Russia to Pilot Digital Ruble Settlements in 2023

Ryssland’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.......