The Bank of Russia (BoR) shared its Central bank digital currency (CBDC) business model that includes free consumer-to-consumer payments. However, local banks are fighting back, accusing the government of planning to put them out of business. Two years ago, Russia’s…
The US Internal Revenue Service (IRS) has issued regulations requiring brokers to report digital asset transactions, while expanding the definition of broker to include platforms such as decentralized exchanges (DEXs). Several industry lobbying groups filed suit against the IRS and…
Ukraine has committed to preventing Russia’s use of digital assets for cross-border payments and sanctions, according to Vladyslav Vlasiuk, adviser to the president of Ukraine and commissioner for sanctions policy. On December 26, the Ukrainian government announced “sanctions and other…
Those People’s Bank of China (PBOC), the country’s central bank, highlighted global efforts to regulate digital assets in its annual financial stability report for 2024, while also noting that Hong Kong is “actively exploring” a digital asset licensing regime. Those…
Malaysia has added Atomic Wallet to its list of unauthorized operators and ordered Bybit to stop operations for registering without securities. The post Turkey Strengthens ‘Crypto’ AML Rules; Malaysia counts Bybit appears first on CoinGeek. Source link
The newly appointed governor of the Reserve Bank of India (RBI), Sanjay Malhotra, has signaled that the financial landscape will face significant challenges in the medium term. He pointed to the growing uncertainties caused by the rapid rise of new…
China’s forex regulator is tightening the country’s foreign exchange laws to crack down on digital asset transactions in the country’s latest digital currency laundering campaign. The State Administration of Foreign Exchange has released new rules for commercial banks that require…
Homepage > News > finance > India: UPI enabled for prepaid payment via third-party apps Those Reserve Bank of India (RBI) has allowed Prepaid Payment Instruments (PPI) users to conduct Unified Payments Interface (UPI) transactions through third-party mobile apps, thereby…
The Swiss Federal Chancellery, the key personnel organization for the Swiss government, has green lighted the “Bitcoin Initiative”, a new proposal to adopt Bitcoin as part of the Swiss National Bank’s (SNB) reserve assets, alongside traditional gold holdings. The proposal…
The USD index is at multi-year highs as 2025 begins. In fact – the USD index has not been above 109 since the millennium. The USD rally really started after Trump won the election – but he was vocal about…
