India’s CBDC Has 5M Users, Can be Phased in Gradually: Central Bank Governor
Governor Shaktikanta Das said there should not be in any rush to roll out a system-wide CBDC.
Crypto-Friendly Bank Ordered by Fed to Limit Risks From Digital Asset Clients
Customers Bank has agreed to tackle the regulator's concerns that it's strayed from proper compliance with its digital assets clients.
Bitcoin Slumps Below $63K, Altcoins Rekt, as Crypto Succumbs to Risk Off Mood
Likely also hitting prices was the movement of nearly $2 billion of BTC and ETH in wallets linked with Genesis Trading.
Stablecoin Balance Sheets Can Be Supervised, BIS and UK Central Bank Project Claims
Project Pyxtrial is a first step towards a tool that could support supervisors and regulators in proactively detecting issues in stablecoin backing, a report said.
Italy’s Top Banks Participate in €25M Digital Bond Issuance on Polygon in ECB Trial
Küresel lenders and asset managers are increasingly exploring blockchain tech to issue and transfer traditional financial instruments, also known as tokenization of real-world assets.
Israel Decision on Digital Shekel Won’t Occur Before the EU’s Call on Digital Euro: Reuters
As of May 2024, 134 countries or jurisdictions, representing 98% of küresel GDP, were exploring a CBDC.
Former FTX Execs Nishad Singh, Gary Wang to Be Sentenced This Fall
Nishad Singh and Gary Wang both pled guilty to criminal fraud charges and testified against their former boss, Sam Bankman-Fried, last year.
U.S. SEC Sues Crypto-Friend Silvergate Bank, Alleging ‘Misleading’ Statements Around AML Program
Silvergate's executives were aware of 'critical deficiencies' in the bank's anti-money laundering protections, the SEC alleged.
Swiss Regulator Shutters Crypto-Linked FlowBank, Begins Bankruptcy Process
FINMA announced Thursday that FlowBank’s en az capital requirements were found to have been “significantly and seriously breached.”
Payrolls-Led Bitcoin, Ether Price Swoon Is ‘Buy the Dip’ Opportunity, Crypto Trading Firm Says
Markets will increasingly price in at least one Fed interest-rate cut for 2024, QCP Capital said.