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Brazil authorizes its central bank to regulate crypto

0xMain
June 14, 2023

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Brazilian President Luiz Inácio Lula da Silva has signed a new law empowering the country’s central bank to regulate and supervise cryptocurrency firms while ensuring that tokens that qualify as securities remain under the authority of the securities regulator. This development is in...

Bank of Thailand announces CBDC pilot project

0xMain
June 13, 2023

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The Bank of Thailand has announced its commencement of a pilot project, set to launch this month, for testing a retail central bank digital currency (CBDC) within a regulatory sandbox. With a goal to involve up to 10,000 users, the project is scheduled...

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Russia’s biggest bank, Sberbank, to allow trading of digital assets in June

0xMain
June 11, 2023

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From June, Sberbank, the biggest bank in Russia, will allow accredited private investors to trade using digital financial assets (DFA). Sberbank to allow trading of DFAs in Russia According to local reports, Sberbank will allow clients to transact using DFA on its platform. However,...

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Australia’s largest bank suspends payments to crypto exchanges

0xMain
June 9, 2023

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Commonwealth Bank (CBA), the largest financial institution in Australia, has announced its decision to either halt or temporarily suspend payments to crypto exchanges due to the substantial risk of fraudulent activities. On June 8, CBA disclosed that it would reject or delay specific...

Former NFL co-owner sentenced to 6 years for crypto shadow bank scheme

0xMain
June 6, 2023

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Reginald Fowler, a former co-owner of the Minnesota Vikings and prominent figure in the NFL, has been handed a six-year sentence after being found guilty of running a “shadow bank” operation within the crypto industry. The sentencing follows his involvement in over $700...

Kenyan central bank says CBDC not a priority

0xMain
June 2, 2023

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Following a period of feedback collection on central bank digital currencies (CBDCs) earlier this year, Kenya’s central bank (CBK) has told the public that a CBDC is not a priority. Additionally, the CBK has expressed the view that the appeal of CBDCs is...

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Nigerian central bank maintains stance on crypto withdrawal restrictions

0xMain
June 2, 2023

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Nigeria’s cryptocurrency landscape has experienced ongoing turmoil, with citizens embracing digital assets while the government remains steadfast in its opposition. In response, the government has enforced a ban on cryptocurrencies, prohibiting individuals from engaging in crypto transactions through their bank accounts, prompting the...

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US Fed to cease Silvergate Capital and Bank activity

0xMain
June 2, 2023

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California-based Silvergate Capital and Bank have been ordered to cease their operations by the board of governors of the Federal Reserve System and the Department of financial protection and innovation of California. The Federal Reserve Bank of San Francisco and the Department of...

US investment bank Cowen shuts crypto trading unit

0xMain
June 1, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Cowen Inc. has indefinitely suspended its digital assets trading unit. The bank’s digital asset service exposed institutional investors to 16 cryptocurrencies, including bitcoin (BTC) and ether (ETH). Cowen Inc.,...

Reserve Bank of India expands digital rupee pilot program

0xMain
May 30, 2023

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The Reserve Bank of India is enhancing its digital rupee pilot, as it intends to broaden participation and incorporate diverse use cases in the upcoming fiscal year. The Reserve Bank of India (RBI) is intensifying its digital rupee pilot, representing a significant step...