In a major macro development, the Bank of Japan (BOJ) has decided to keep interest rates unchanged at 0.25%. The development sent the Nikkei index soaring by 2.10% and 700 points today itself. As the fears of the further unwinding of the Yen carry tr
Australia's central bank focuses on wholesale CBDC for financial institutions. RBA sees limited benefits in individual CBDC for the general public. Continue Reading:Australia’s Central Bank Prioritizes Wholesale Digital Currency to Secure Financial S
The partnership will bring cryptocurrency trading and custody solutions to around 700 cooperative banks, with an initial rollout planned for late 2024.
Coinspeaker Bank of Canada Drops Central Bank Digital Currency (CBDC) Plans A Bank of Canada spokesperson stated that the bank has undertaken “significant research on the implications of a retail central bank digital currency". Bank of Canada Drops C
The Bank of Canada has reportedly shifted its focus away from the idea of introducing a digital Canadian dollar. The Bank of Canada seems to be shifting its focus away from developing a government-backed digital currency, seven years after it…
DBS Bank, Singapore’s largest bank, has announced plans to launch over-the-counter (OTC) crypto options trading and structured notes for institutional clients in Q4 2024. This new offering will allow institutional investors to gain exposure to bitcoi
An Indian High Court has ruled that police cannot freeze entire bank accounts during fraud investigations. Only fraud-related amounts in bank accounts can be frozen. The decision followed a case where an account was frozen due to a cryptocurrency inv
China’s digital yuan initiative has advanced considerably, backed by over a decade of research and four years of pilot experimentation, according to Lu Lei, Deputy Governor of the People’s Bank of China (PBOC). Trials for the Chinese central bank dig
The Central Bank of Brazil disclosed a new set of use cases that will be part of the second phase of the ongoing pilot of its drex CBDC. Among the 13 instances selected from the 46 presented are platforms for tokenizing real estate, liquidity pools f
Zambia’s latest move to restrict foreign currency use in domestic transactions is aimed at stabilizing its currency, the kwacha, according to central bank Governor Denny Kalyalya. The Bank of Zambia announced this initiative in June and is still cons
The US Federal Reserve said it identified “significant deficiencies” in the bank’s dealings with crypto clients and its risk management procedures.
The Federal Reserve issued a cease-and-desist order to United Texas Bank for major compliance deficiencies in anti-money laundering regulations concerning its crypto clients.
In a recent press release, the Central Bank of Argentina acknowledged sending part of its gold holdings abroad, stating that it had “recalibrated” the nation’s gold between its accounts. The institution faced criticism from some lawmakers who are con
The Bank of Canada cuts interest rates by 25 basis points as inflation cools. The bank cited cooling inflation pressures and economic growth in line with previous projections. Crypto enthusiasts are keen on the markets as Bitcoin bulls look ahead for
Libya’s central bank governor, Sadiq al-Kabir, has fled the country due to threats and intimidation from armed militias. He claims that these actions are aimed at forcing him and other bank staff to return to work and comply with the interim Prime Mi
A growing number of US banks are accused of routinely misleading customers in a push to pocket billions of dollars. JPMorgan Chase is now facing a proposed class action lawsuit for allegedly shifting customers’ idle cash into accounts with extremely
The solution builds on DBS’ multi-year participation in the Monetary Authority of Singapore (MAS)-led Project Orchid.
The Bank of Ghana (BoG) has published a set of regulations for the use of cryptocurrencies in the country.
Citigroup’s head of digital assets Shobhit Maini is leaving the bank to pursue an “entrepreneurial opportunity” in the crypto space. Shobhit Maini, global head of digital assets in Citigroup’s market
Several major banks, including JPMorgan Chase, Bank of America, and Wells Fargo, are under federal scrutiny for handling fraud and scams on Zelle, the instant payments platform.