Super Bowl betting, Polish central bank rejects Bitcoin, MicroStrategy rebrands | Weekly Recap
Today’s edition of the weekly recap spotlights Poland’s stance against Bitcoin reserves, and the scrutiny Kalshi and Crypto.com face ahead of Super Bowl LIX. Source link
Poland’s Central Bank rules out Bitcoin for reserves
The National Bank of Poland has firmly ruled out the possibility of incorporating Bitcoin into its currency reserves, citing significant security concerns. NBP President and Monetary Policy Council Chairman Adam Glapiński emphasized the necessity of absolute security in reserve assets during a recent press conference, according to the Warsaw Business Journal. He stated, “We will […]
Korean crypto exchange numbers fall 26% due to unclear regulations, bank access: report
A wave of closures has hit South Korean crypto exchanges, with smaller firms exiting the market as regulatory compliance and banking access remain hurdles. South Korea‘s crypto exchange market is getting smaller, as new government data shows the number of registered virtual asset service providers has dropped since last year. A Feb. 7 report from […]
Bank of Papua completes CBDC trials, seeks expanding cross-border payments
The Bank of Papua New Guinea has wrapped up its CBDC trial and is now considering next steps for digital payments beyond national borders. Authorities in Papua New Guinea are stepping up their central bank digital currency efforts, with the Bank of Papua New Guinea completing its CBDC proof-of-concept trial. The trial, done in partnership […]
Nayib Bukele sticks to ‘Bitcoin piggy bank’ strategy, but is it working?
Bitcoin accounts for nearly 15% of El Salvador’s reserves as President Bukele doubles down on his bold crypto strategy, even after inking a deal with the IMF. Source link
Czech National Bank advances Bitcoin study for possible reserves
The likelihood of a European central bank holding Bitcoin reserves has increased, despite European Central Bank President Christine Lagarde’s recent comments dismissing the asset as unsuitable. The Czech National Bank has approved a study to assess how Bitcoin (BTC) might serve as a reserve asset following a proposal from CNB Governor Aleš Michl. Previously, Michl […]
ECB president ‘confident’ Bitcoin will not enter central bank reserves
Christine Lagarde seemed to dismiss concerns that Czechia’s central bank would adopt Bitcoin as a reserve asset. Source link
Netherlands’ third-largest bank ABN AMRO pilots tokenized trading on Ethereum
ABN AMRO, the third-largest bank in the Netherlands, has completed on-chain trading with stablecoins in a pilot with German exchange 21X. Netherlands‘ third-largest bank ABN AMRO has completed a trading trial with 21X, a Frankfurt-based digital asset exchange, which tested on-chain settlement for tokenized securities using stablecoins. In a Jan. 30 announcement, 21X said the […]
Czech central bank eyes holding up to 5% of reserves in Bitcoin: report
Governor Aleš Michl plans to propose a Bitcoin investment to the Czech National Bank’s board, potentially allocating up to 5% of reserves to the digital asset. Czech National Bank Governor Aleš Michl is making a bold move, one no other Western central bank has taken so far: he wants to put Bitcoin (BTC) in the […]
Czech National Bank governor to propose $7B Bitcoin reserve plan
The Czech National Bank may invest up to 5% of its reserves in Bitcoin, potentially acquiring $7.3 billion in BTC as part of its diversification strategy. Source link
