Italian Central Bank-Backed Hub Taps Polygon, Others to Bring TradFi Deeper Into DeFi

The aim is to create an environment where more TradFi institutions can get involved in DeFi minus the risks facing retail investors.

• 2023-07-26
• Bank of Italy Cetif Advisory traditional financial institutions Milano Hub Imanuel Baharier financial support insurance companies traditional firms financial institutions DeFi central bank

Crypto’s Dream of an Embrace by China Gets a Reality Check

(Bloomberg) -- A shakeup at China’s central bank has poured cold water on speculation that the nation may be about to loosen a ban on digital-asset trading.Most Read from BloombergTesla and BYD Post Record Sales on Surge in Electric-Car DemandIt’s Getting a Lot Harder to Chase the Stock Rally From Here OnFrench Riots Begin to Abate Even as Economic Costs MountSingapore’s Star Banker Creates a Succession Dilemma for DBSIndustry executives including Circle Internet Financial Ltd. Chief Executive J

• 2023-07-03
• Bloomberg Pan Gongsheng China mainland China Hong Kong Cameron Winklevoss Bank of China digital assets central bank PBOC

The CEO of Europe’s largest bank on innovation, new tech, and HSBC’s approach to crypto

Noel Quinn believes HSBC is well positioned to navigate new technology in an increasingly complex global landscape.

• 2023-06-17
• Silicon Valley Bank HSBC central bank technology digital currencies life science bank

Brazil Appoints Central Bank and Securities Commission as Crypto Market Regulators

The executive branch issued a decree with directives following the approval of a crypto law in December 2022.

• 2023-06-15
• Securities Commission Central Bank Brazil executive branch President Jair Bolsonaro crypto regulation

First Mover Asia: Bitcoin Remains Resilient Near $26.5K, Despite Ongoing Binance, Coinbase Fallout

ALSO: Valkyrie's chief investment officer expects the U.S. central bank to suspend its nearly year-long diet of interest rate increases. That might please digital and other asset markets, but Steven McClurg said that the monetary dovishness is unlikely to continue later this year.

• 2023-06-09
• the Federal Reserve Andrew Lawrence central bank digital asset interest rate Bitcoin market capitalization

Norway should move faster on crypto rules, central bank says

Norwegian authorities should move to establish a national regulatory framework for cryptoassets and not wait for European legislation to come into effect, Norway's central bank said on Thursday. This would include for example assessing how risk associated with decentralised finance should be managed until a common European regulatory framework is in place, Norges Bank said.

• 2023-05-25
• Norway international regulatory Norwegian authorities regulatory framework central bank international regulatory framework European legislation The European Union European Free Trade Association

Bank of Korea and financial regulator in turf war over who supervises crypto industry

Bank of Korea, the central bank, seems uncomfortable with the Financial Services Commission, the country’s regulator, having the mandate over the cryptocurrency industry. The bank is pushing for more say, arguing crypto can influence the stability of the overall financial market and that involves the central bank.

• 2023-05-15
• South Korea financial authorities Bank of Korea central bank cryptocurrency crypto regulations volatile industry financial stability

Bank of Korea Edges Closer to Being Able to Investigate Crypto Firms: Report

Korean regulators said they worry it will signal "virtual asset markets and businesses are treated the same as financial markets and institutions."

• 2023-04-28
• Bank of Korea Financial Services Commission BOK Herald Business South Korea digital asset Virtual Asset central bank government’s Political Affairs Committee

South Korea’s cryptocurrency bill gets nod in first phase of review, may pass this year

South Korea’s legislation on how to regulate digital assets passed the first phase of review in the country’s National Assembly on Tuesday.

• 2023-04-26
• South Korea National Assembly Bank of Korea digital assets central bank central bank digital currency digital currencies Financial Services Commission The bill

First Mover Asia: Bitcoin Regains Momentum as Investors Shrug Off Banking, Fed Concerns

ALSO: CoinDesk's market analyst writes that a decrease in the number of bitcoin addresses with a balance of more than 1,000 bitcoins suggests that large, institutional investors are reluctant to add to their coffers.

• 2023-03-24
• Benoit Bosc Jerome Powell Janet Yellen Federal Reserve interest rate hike crypto community Ilya Volkov market manipulation Bitcoin central bank