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G7 Finance Leaders Call for Swift and Comprehensive Crypto Regulation

G7 Finance Leaders Call for Swift and Comprehensive Crypto RegulationThe G7 finance ministers and central bank governors have called for a swift and comprehensive regulation of crypto assets. The G7 decision followed the recent crypto market turmoil, including the collapse of cryptocurrencies LUNA and UST. G7 Countries Calling for Swift, Comprehensive Regulation of Crypto Assets The finance ministers and central bank governors from the […]

Crypto drainers are retiring as investigators start to close in

G7 Finance Ministers and Bankers Adopt Guidelines for Central Bank Digital Currencies

G7 Finance Ministers and Bankers Adopt Guidelines for Central Bank Digital CurrenciesAny digital currency issued by a central bank must support financial and monetary stability, finance leaders from G7 member states have insisted. State-issued coins should also ensure privacy, transparency, and data protection, the officials stated. The forum adopted 13 public policy principles for retail digital currencies and stressed that “CBDCs are not ‘cryptoassets.’” CBDCs Must […]

Crypto drainers are retiring as investigators start to close in

Central Bankers Say Bitcoin Is High Risk Investment, Poor Store of Value, Could Collapse

Central Bankers Say Bitcoin Is High Risk Investment, Poor Store of Value, Could CollapseTwo central bank governors have shared their opinions about bitcoin after the cryptocurrency became legal tender in El Salvador. The governor of the Bank of Mexico sees bitcoin as a high-risk investment and a poor store of value while the governor of Sweden’s central bank, the Riksbank, believes bitcoin could collapse. Central Bankers Continue to […]

Crypto drainers are retiring as investigators start to close in

11% of Central Bankers Consider ‘Cryptocurrencies Like Bitcoin’ Gold Alternatives: UBS Survey

11% of Central Bankers Consider ‘Cryptocurrencies Like Bitcoin’ Gold Alternatives: UBS SurveyA UBS survey finds that central bankers see benefits in investing in cryptocurrencies like bitcoin. 28% see benefits from cryptocurrency being an uncorrelated asset and “11% would consider it as an alternative to gold.” Central Bankers See Benefits in Investing in Cryptocurrencies Like Bitcoin The 27th Annual Reserve Management Seminar Survey by UBS explores the […]

Crypto drainers are retiring as investigators start to close in