Cryptocurrency Market

  • Market Cap: $1,145,634,271,437.31
  • 24h Vol: $153,259,774,011.59
  • BTC Dominance: 39.92%

financial stability

imf-blog:-better-regulation-of-africa’s-growing-crypto-market-urgently-needed

IMF Blog: Better Regulation of Africa’s Growing Crypto Market Urgently Needed

A well-regulated African cryptocurrency market is needed in order to protect users as well as help countries stop bad actors from using digital assets to circumvent capital controls, the latest post on the IMF blog has said. The blog post reiterated the IMF’s belief that risks to a country are “much greater if crypto is …

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top-us-regulators-urge-congress-to-pass-legislation-on-crypto-assets

Top US Regulators Urge Congress to Pass Legislation on Crypto Assets

The U.S. Financial Stability Oversight Council (FSOC), a group of the country’s top financial regulators, has urged Congress to pass legislation for the regulation of crypto assets. Treasury Secretary Janet Yellen said: “Crypto-asset activities could pose risks to U.S. financial stability if their interconnections with the traditional financial system or their overall scale were to …

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uae-now-requires-agents-to-report-real-estate-transactions-where-virtual-currency-is-used-as-payment

UAE Now Requires Agents to Report Real Estate Transactions Where Virtual Currency Is Used as Payment

The United Arab Emirates (UAE) has said it now requires real estate agents, brokers, and law firms to report to the Financial Intelligence Unit real estate transactions in which virtual currency is used as payment. Similarly, real estate purchases or sales where “the funds used in the transaction are derived from a virtual asset” must …

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ecb-considers-capping-digital-euro-in-circulation-at-4,000-per-capita,-panetta-reveals

ECB Considers Capping Digital Euro in Circulation at 4,000 per Capita, Panetta Reveals

With concerns about financial stability in mind, the European Central Bank (ECB) plans to limit digital euro holdings, according to Board Member Fabio Panetta. The plan is to have a maximum amount of digital cash in circulation similar to that of euro banknotes today, the official unveiled. Eurozone’s Central Bank to Keep Total Digital Euro …

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bank-of-england’s-cunliffe-warns-crypto-will-see-tough-times-as-federal-reserve-tightens-financial-conditions

Bank of England’s Cunliffe Warns Crypto Will See Tough Times as Federal Reserve Tightens Financial Conditions

Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned of hard times ahead for cryptocurrency investors as the Federal Reserve and other central banks tighten monetary policy. Bank of England’s Executive Warns About Crypto Sir Jon Cunliffe, deputy governor for financial stability at the Bank of England (BOE), had a warning …

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bank-of-spain-governor-highlights-need-for-fast-regulation-in-defi-and-crypto

Bank of Spain Governor Highlights Need for Fast Regulation in Defi and Crypto

Pablo Hernández de Cos, governor of the Bank of Spain and chair of the Basel Committee on Banking Supervision, explained that the cryptocurrency space and decentralized finance (defi) need to be regulated swiftly to avoid risks of financial instability. Hernandez de Cos also mentioned how this swift approach should bring the crypto financial system into …

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namibian-central-bank-announces-plan-to-launch-cbdc

Namibian Central Bank Announces Plan to Launch CBDC

Johannes Gawaxab, the governor of the Bank of Namibia (BON), has said his organization is planning to launch a central bank digital currency (CBDC). The governor, however, warns the launch might have implications for financial stability. BON Researching CBDCs The BON governor, Johannes Gawaxab, recently confirmed that the central bank is now planning to launch …

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bank-of-england-deputy-governor-warns-crypto-prices-could-fall-to-zero

Bank of England Deputy Governor Warns Crypto Prices Could Fall to Zero

Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that the price of cryptocurrencies, including bitcoin, could fall to zero. Noting that the crypto industry is “growing very fast,” he stressed: “We really need to roll our sleeves up and get on with it, so that by the time this becomes …

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thailand-doesn’t-prohibit-crypto-use-for-payments-but-warns-of-price-fluctuation

Thailand Doesn’t Prohibit Crypto Use for Payments but Warns of Price Fluctuation

Bank of Thailand’s officials say that using cryptocurrency as a means of payment is not illegal. However, they added that users “must be able to accept the risks,” including price fluctuation. Using Crypto to Pay for Goods and Services Is Not Illegal in Thailand Sakkapop Panyanukul, senior director at the Bank of Thailand (BOT)’s Monetary …

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