The Bank of Korea said it will "actively participate" in the country's efforts to build a regulatory framework for stablecoins in order to mitigate potential monetary and financial risks."Unlike general virtual assets, stablecoins inherently possess
By Gina Heeb and Vicky Ge HuangCrypto is pushing deeper into the banking system.A regulatory crackdown on crypto in the wake of the meltdown of FTX and two crypto-friendly banks prompted some in traditional finance to break up with the industry two y
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Lorenzo Protocol (BANK) being listed on LBank is strategically significant, possibly affecting its price positively. Listings often increase visibility and accessibility, potentially leading to higher demand. LBank being a prominent exchange, this co
The Bank of Korea (BOK) stated Sunday that it has not considered the possibility of incorporating bitcoin into its foreign exchange reserve, in an answer to a written query from a member of the National Assembly's Strategy and Finance Committee.The B
Russia's central bank has proposed regulating certain cryptocurrency investments for wealthy individuals, it said on Wednesday, outlining plans for "specially qualified" investors to trade crypto assets. The bank has gradually softened its strong opp
According to central bank governor Elvira Nabiullina, the Bank of Russia is delaying the release of the digital ruble, which was scheduled for this summer but will be delayed until an undetermined future date.“We continue to receive questions about d
The US government has done “nothing” to address crypto debanking issues since US President Donald Trump returned to the White House, according to Custodia Bank’s CEO Caitlin Long.Speaking on stage at ETHDenver on Feb. 28, Long said while the “percept
The Finance Ministry of Pakistan is considering forming a “National Crypto Council” to explore the legalization of cryptocurrencies in the country, according to a report from local publication Dawn. The change in position came after Finance Minister
The dollar jumped on Thursday and was poised for its biggest daily percentage gain in more than two months as U.S. President 's latest tariff comments overshadowed signs of slower economic growth.The greenback initially pared gains after data sho
Brazil's central bank said on Wednesday that the pilot project for its digital currency, called Drex, has faced technological challenges that require increased oversight, suggesting a longer timeline for its rollout. Initially planned for lat
European Central Bank President Christine Lagarde suggested the Czech National Bank was unlikely to approve of adopting Bitcoin as a reserve asset following a conversation with its governor. Speaking to members of the press on Jan. 30, Lagarde said t
Czech National Bank Governor Ales Michl said that he will present a plan to the central bank's board to invest in bitcoin and to eventually hold as much as 5% of its 140 billion euro ($146.13 billion) reserves in bitcoin, according to an interview pu
Big bank CEOs, including JPMorgan Chase's Jamie Dimon, are opening up about their struggles with crypto following criticism that the U.S. government is limiting what they can do in the digital asset industry.Dimon said JPMorgan does bank a few crypto
The Bank of England said on Tuesday no decision has been made on whether to proceed with a digital pound, and it would assess the case for bringing it in following completion of the design phase over the next couple of years.
Governments and central banks, from the United States to Switzerland, are giving Bitcoin serious consideration as an alternative to traditional reserve assets, with the Czech Republic being one of the latest to signal interest.The governor of the Cze
The governor of the Czech National Bank, Aleš Michl, has expressed interest in Bitcoin as a potential addition to the country’s foreign exchange reserves. Michl described the idea of acquiring “a few Bitcoin” as a diversification move, though not a s
The Czech National Bank, is the central bank and financial market supervisor in the Czech Republic.Governor Aleš Michl is reported as having considered Bitcoin as a potential diversification strategy for the country’s foreign exchange reserves, Via C
A California resident is suing three Asia-based banks over allegations they failed to conduct basic checks, which could have prevented crypto scammers from defrauding him of nearly $1 million. In a lawsuit filed in a California district court on Dec.
Bitget supports local bank transfer payments for cryptocurrency in Vietnam. Its fiat-crypto on-ramp provides a gateway linking local fiat currency to the decentralized markets.