China’s central bank spotlights Hong Kong’s crypto licensing system in new report
The People’s Bank of China highlights Hong Kong’s active crypto licensing, as well as the prominence of cryptocurrency as an emerging trend in several countries in its recent Financial Stability report. In an excerpt from the Financial Stability Report 2024, China’s central bank the progress of cryptocurrency compliance in Hong Kong. The report acknowledged how […]
Former finance minister urges German central bank to consider Bitcoin as a reserve asset
Former German Finance Minister Christian Lindner has advocated for including cryptocurrencies like Bitcoin in the European Central Bank and Bundesbank reserves to strengthen financial resilience and keep pace with global trends. According to the German media outlet Handelsblatt, Lindner pointed to the United States, where the incoming Donald Trump-led administration is looking to adopt a […]
National Bank of Cambodia to allow banks to process cryptocurrencies for the first time
The National Bank of Cambodia has given commercial banks and payment firms permission to provide crypto-related services, but not for Bitcoin and other unbacked tokens. According to the Phnom Penh Post, the NBC formally declared the decision to allow banks to provide services involving Category 1 crypto assets on Dec. 27. Category 1 crypto asset […]
One in three Koreans now own crypto, Bank of Korea says
A new report shows that more than 30% of the South Korean population holds crypto, with investors now holding over 100 trillion won in assets. South Korea‘s crypto market is rapidly booming as the number of investors reached 15.59 million by the end of November, Yonhap News Agency reports, citing data shared by Democratic Party […]
Russia’s central bank to combat illegal crypto OTC services with new surveillance platform: report
Russia’s central bank is set to develop a new platform that would help it crack down on illegal crypto OTC services and suspicious financial activities. The central bank of Russia is reportedly planning to create a new platform aimed at making it more difficult for shadow businesses to misuse banking services for illegal activities, including […]
Bank of England watchdog asks firms to disclose crypto exposure
The UK’s central bank wants to monitor the stability of crypto and set future policy; it has asked local firms to disclose their current and future crypto plans. Source link
Bank of America manager says ADA not done, WallitIQ set for 77,000% breakout
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A Bank of America manager signals Cardano growth, while WallitIQ predicts a 77,000% breakout as demand surges. A Bank of America Manager recently stated that the Cardano price is “NOT DONE,” signaling that ADA […]
US court favors Fed in Custodia Bank case, rejects appeal for review
In a recent court filing, the US district court has ruled in favor of the Federal Reserve in its legal dispute with Custodia Bank regarding the bank’s request for a master account. Source link
