The BIS said that central banks needs to weigh all the associated risks and challenges before getting their CBDCs in the market.
Some of the industry sources reported that Facebook’s Calibra wallet will likely support other currencies like EURO and USD instead of its native cryptocurrency Libra.
The Supreme Court of India has finally decided to lift ban on cryptocurrency trading in the country citing prolonged indecision of the policymakers.
The Wall Street banking giant said that with several regulated Bitcoin derivative products coming to the market, the institutional interest and participation continues to rise.
The CFTC will discuss all the financially viable aspects with stablecoin projects and discuss how they fit into the U.S. economy.
While the traditional markets were bleeding on the virus outbreak, the crypto markets failed to seize the opportunity and instead lost $50 billion in the last week.
The BoE officials said that if the central banks don’t participate in the digital innovation, they might lose the digital payments market to the financial players.
YouTube carries out yet another purge of cryptocurrency-related channels, by banning content creators, deleting videos and demonetizing content.
As part of a further crackdown on investors evading crypto taxes, the IRS is conducting a policy summit by inviting cryptocurrency companies and experts.
The securities regulator ESMA said that the BigTech companies can use their technological prowess to dominate the financial services market.