Cryptocurrency Analysis and News Portal
The Fed board has been weighing the logic of introducing a digital dollar, though officials have been careful to remain neutral and suggest that any plan should have the backing of Congress and the administration. That’s the line, too, that Michael Barr – President Joe Biden’s pick to be the
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Just three days after debuting in the Indian market, United States-based crypto exchange Coinbase abruptly stopped using United Payments Interface (UPI), the most popular payment service in the region. Coinbase CEO Brian Armstrong later revealed that the service disruption was due to an “informal pressure” from India’s central bank.During Coinbase’s
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The Central Bank of Argentina has taken steps to ban private banks from offering cryptocurrency services to customers in the country. The action comes after two banks had started offering cryptocurrency purchasing services from their apps. The measure is said to be directed at mitigating risks associated with cryptocurrency assets. Central
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A survey conducted by the Bank for International Settlements, or BIS, suggested that many central banks around the world are looking into rolling out a central bank digital currency, or CBDC.In a paper released on Friday, the BIS Monetary and Economic Department said 90% of 81 central banks surveyed from
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9 Out of 10 Central Banks Exploring Digital Currency, BIS Says Source
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The central bank of Argentina (BCRA) has put the kibosh on financial institutions offering crypto trading only days after two of the country’s largest banks signaled they were opening up to digital assets.On Thursday, the BCRA said the move was to mitigate the risks crypto poses to users and “to
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Argentina’s largest and second-largest private banks, Banco Galicia and Brubank, have announced that they will allow customers to make crypto purchases.Bloomberg reported on May 2 that a resounding 60% of respondents to an Argentinian poll asked for more access to crypto, which catalyzed the banks’ decisions to begin allowing crypto
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Stablecoins have maintained a strong growth momentum against the occasionally frustrating crypto market. Recently, the TUSD-TRX pool on the decentralized trading platform SunSwap has yielded up to 12%, and the vault of TUSD achieved an APY of as high as 11.2% on the decentralized yield optimizer Beefy Finance (BNB). These
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“The EBA considers it premature to introduce new macroeconomic tools to address the systemic aspects of these risks at this stage,” the EBA said. “The EBA emphasizes the need for monitoring of the crypto-asset sector, in particular identifying old and new mechanisms, vulnerabilities and risks that can make crypto assets
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The primary hurdle for the banks, which serve corporate clients rather than individuals or small organizations, has been the lack of a clear regulatory framework, analysts led by Betsy Graseck wrote. Still, greater regulation may not be a panacea, as that might encourage more direct participation from institutional investors, leaving
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