According to the law, National Bank of Ukraine, the country’s central bank, and the National Securities and Stock Market Commission will be in charge of monitoring crypto participants and companies. Amid the ongoing military conflict with Russia, the bill, called the Law on Virtual Assets in Ukraine, which establishes the parameters for the legalization and regulation of Bitcoin and other cryptocurrencies, was finally signed by the Ukrainian president, Volodymyr Zelensky, […]
. Uniform legal framework for crypto-assets in the EU . Consumer protection and safeguards against market manipulation and financial crime . Include crypto-assets mining in EU taxonomy for sustainable activities by 2025 to reduce carbon footprint MEPs agreed on draft rules on supervision, consumer protection and environmental sustainability of crypto-assets, including cryptocurrencies such as bitcoins. On Monday evening, the Economic and Monetary Affairs Committee adopted, with 31 votes to 4 […]
Digital assets might replace traditional currencies in the next five to ten years, according to 76% of the business leaders around the globe active in various industries who participated to the latest edition of the . This view is also shared by three quarters of the senior executives from the financial services industry, who believe that the end of physical money is near. Also, the study points out that the […]
The Romanian Central Bank, in a landmark decision with implications for the evolution of digital finance in Europe, has approved the acquisition of Twispay by Elrond. Twispay is a financial institution licensed to provide payment services and to issue electronic money in accordance with the legislation in force and with the authorization received from the National Bank of Romania. Moreover, Twispay is a principal member of Visa (for issuing Visa […]
The White House has issued a sweeping executive order on the oversight of cryptocurrencies and prompted the Federal Reserve to step up the pace on exploration of the case for a central bank digital currency (CBDC). Digital assets, including cryptocurrencies, have seen explosive growth in recent years, surpassing a $3 trillion market cap last November and up from $14 billion just five years prior. Surveys suggest that around 16 percent of adult Americans – […]
A new paper, commissioned by the Global Financial Markets Association (GFMA), identifies the GFMA’s critical considerations for the success of potential CBDCs in wholesale markets (wCBDCs). Entitled Central Bank Digital Currencies: A Global Capital Markets Perspective, the paper is based on research, as well as extensive interviews conducted with contributing member firms and market participants with particular expertise relevant to CBDCs, during the fourth quarter of 2021. The authors’ recommendations […]
Patru din zece români deţin sau au deţinut criptomonede şi 84% au de gând să facă astfel de investiţii, ceea ce demonstrează un interes mare pentru acest domeniu, se arată într-un studiu realizat de Ipsos România la solicitarea Tradesilvania.com. Dintre cei care au auzit de crypto, 84% intentioneaza sa achizitioneze criptomonede in viitor. Cel mai recent studiu Ipsos, realizat un studiu în rândul românilor conectați la internet, cu vârsta cuprinsă între 18-55 ani, pentru […]
Around 100 countries are now exploring the potential development and issuance of a central bank digital currency (CBDC), and the challenges and opportunities identified by these research projects reveal a need for “increased international information-sharing of insights learned”, according to an International Monetary Fund (IMF) report. ‘Behind the Scenes of Central Bank Digital Currency: Emerging Trends, Insights and Policy Lessons’ focuses on six CBDC projects at different stages of development […]
In the digital age, banknotes could lose their role as a reference value in payments, undermining the integrity of the monetary system. Central banks must therefore consider how to ensure that their money can remain a payments anchor in a digital world. Contribution by Fabio Panetta, Member of the Executive Board of the ECB, to a panel discussion on central bank digital currencies at the US Monetary Policy Forum – […]
The New York Stock Exchange is stepping into the nonfungible tokens market with plans to do for digital assets what it does for stocks, according to Bloomberg. The NYSE said in a regulatory filing with the U.S. Patent and Trademark Office that it wants to be a financial exchange for cryptocurrencies and NFTs that would compete with the likes of OpenSea and Rarible Inc. The filing dated Feb. 10, indicated plans […]