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The guidance was released after some local banks previously moved to shut down accounts tied to crypto exchanges, citing exposures to risk. In the published document, the SARB said it was aware that certain banks in the country have opted to block clients with links to crypto. It added that,
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The European Central Bank (ECB) says the introduction of digital cash in the form of central bank digital currencies (CBDCs) appears to be the "only solution" that will guarantee a "smooth continuation" of the current monetary system. The comments were made as part of an ECB Working Paper Series, which was published
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This past April, records show that 19 million bitcoins have been mined into existence and 133 days later, there are 1.88 million bitcoins left to mint today. The network’s block subsidy halving is expected to occur on or around April 20, 2024, as there are less than 91,000 bitcoins left
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DEK Hong Kong Monetary Authority CEO Eddie Yue said crypto and decentralized finance are still going to be significant forces at a meeting of G20 financial officials. Original Source
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"Bitcoin price action remains weak, with some volatility seen on both sides, which is typical in pauses between trend continuations," Joe DiPasquale, CEO of crypto asset manager BitBull Capital, wrote in an email to CoinDesk. "Currently, we expect BTC to see more downside action but we are also keenly watching
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On Wednesday, it was reported that the crypto hedge fund Three Arrows Capital (3AC) was liquidated by a British Virgin Islands court and following the alleged liquidation, the Monetary Authority of Singapore (MAS) has reprimanded 3AC for misleading regulators. Furthermore, reports claim that liquidators in Singapore are attempting to seize
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Innovations that push boundaries tend to generate buzz before they’re fully adopted by the broader DeFi community. Protocol Monetary Trade Policy is the newest one on the horizon. It’s already considered by some as the evolution of liquidity mining, despite being relatively new in the space. The policy’s proponents say it
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The BIS, an association of the world’s major central banks, dedicates a 42-page chapter in its 2022 Annual Economic Report to laying out a blueprint for the future of the global monetary system. In that vision, there is room for only some of crypto’s underlying technical features, like programmability and
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Key takeaways: Weiss Ratings believes that Bitcoin and the crypto markets are being dominated by the ongoing monetary policies of various global central banks. They forecast an inflationary future where current politicians lose their jobs for plunging the world into a deflationary depression. Bitcoin and crypto will finally move upward when new legislators
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On Tuesday, the United States Federal Reserve released a study on the possible effects of a retail central bank digital currency (CBDC) on U.S. monetary policy implementation. The study, dated April, was a staff working paper titled “Retail CBDC and U.S. Monetary Policy Implementation: A Stylized Balance Sheet Analysis.”The paper
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