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” Breaking: Signature Bank closed by New York banking authorities “ The Board of Governors at the United States Federal Reserve has taken immediate action to close down Signature Bank. The Federal Reserve explained in a Mar. 12 press release that the decision was made in order to to protect the U.S. economy by strengthening…
” BIS wraps exploration project on retail CBDC payment system “ The Bank for International Settlements, or BIS, has reported it has concluded a project exploring international retail and remittance payments use cases for central bank digital currencies, or CBDCs, with the central banks of Israel, Norway and Sweden. In a March 6 report, the…
” Iran completes pre-pilot phase of central bank digital currency “ Iran is moving forward with its central bank digital currency (CBDC) plans, completing preliminary research for the launch of a potential digital rial. The Central Bank of Iran (CBI) has successfully completed a pre-pilot phase in the development of Iran’s CBDC, according to an…
” Pakistan banks agree on blockchain-based KYC system development “ Pakistan Banks’ Association (PBA) — a group of 31 traditional banks operating in Pakistan — signed off on the development of a blockchain-based platform for Know Your Customer (KYC) initiatives. On March 2, PBA signed the project contract for developing Pakistan’s first blockchain-based national eKYC…
” India explores offline functionality of CBDCs: RBI executive director “ India’s recently launched in-house central bank digital currency (CBDC), the e-rupi, is now being tested for offline functionality, revealed Ajay Kumar Choudhary, Executive Director at the Reserve Bank of India (RBI). The RBI — India’s central bank and regulatory body — launched the wholesale segment…
” Bitcoin price stumbles amid investors’ aversion to risk assets, but there is a silver lining “ The U.S. stock market approaches a crucial turning point as uncertainty over inflation rises after hotter-than-expected economic data released in February. Despite mounting investor worries, the economy is showing signs of resilience that could protect against a significant…
” Australian central bank to launch ‘live pilot’ of CBDC in coming months “ Australia’s central bank is set to launch a “live pilot” of a Central Bank Digital Currency (CBDC) “in the coming months,” according to a joint statement from the Reserve Bank of Australia (RBA) and Digital Finance CRC (DFCRC), an Australian financial…
” Bank of England has no tech skills to issue CBDC yet: Deputy governor “ According to a deputy governor, the United Kingdom is not ready to issue a central bank digital currency (CBDC) just yet, as the Bank of England (BoE) doesn’t have enough expertise. There is more than a 50% chance that the…
” Bitcoin bulls remain in charge even in the face of increasing regulatory FUD “ Bitcoin (BTC) price broke above $25,000 on Feb. 21, accruing a 53% year-to-date gain at the time, it made sense to expect the rally to continue after U.S. retail sales data from the previous week vastly surpassed the market consensus….
” FSB, IMF and BIS papers to set global crypto framework, says G20 “ The Financial Stability Board (FSB), the International Monetary Fund (IMF), and the Bank for International Settlements (BIS) will deliver papers and recommendations establishing standards for a global crypto regulatory framework, announced on Feb. 25 the group of the 20 biggest economies…