Georgian central bank to launch AML probe into crypto firms
The National Bank of Georgia will launch mandatory supervision of virtual asset service providers starting from Sept. 1, 2023.
Indian banks asked ‘to prepare for the future’ with AI and blockchain
In an RBI-organized conference for the directors of Indian banks, deputy governor Mahesh Kumar Jain discussed risk strategies around sustainable growth and stability.
Institutions seek detailed blockchain analytics for crypto adoption — Elliptic
Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions.
Zimbabwe sells millions of gold-backed crypto tokens despite IMF warning
The Reserve Bank of Zimbabwe’s first gold-backed cryptocurrency sale has been a success.
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Hedge Fund Mogul Stanley Druckenmiller Warns of ‘Hard Landing’ for US Economy
Billionaire hedge fund manager Stanley Druckenmiller has a dire prediction for the U.S. economy: a recession is looming, and it’s likely set to hit this June. Druckenmiller’s forecast comes as…
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Biden Appoints New Fed Vice Chair as Fedwatch Tool Shows Slim Chance of Rate Hike at June Meeting
Investors believe it is highly likely that the target rate will remain unchanged at the June 14 Federal Open Market Committee (FOMC) meeting, following the U.S. Federal Reserve’s decision to…
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Inflation Expectations of Eurozone Consumers ‘Increased Significantly,’ ECB Says
Consumers in the euro area have sharply raised their expectations about inflation in the coming months, the European Central Bank revealed. Survey data showing this comes after the monetary authority…
BIS issues comprehensive paper on offline CBDC payments
According to the Bank for International Settlements, offline payments with CBDC raise new risks related to counterfeiting, fraud and privacy concerns.
Nigeria goes blockchain: Policy could impact digital identity
Nigeria’s crypto community celebrates the approval of the National Blockchain Policy, set to impact governance, digital identity management and e-payments.
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Digital Assets for 1 Billion Rubles Issued in Russia in a Month
Platforms authorized by the Russian government issued digital assets worth around a billion rubles in April, the local press reported. The spike in the volume has been attributed to Russian…