Bank of Russia outlined a new framework intended to let retail and qualified investors buy crypto under defined tests and caps by 2027.
Hassett is perceived as dovish and likely to support Trump's calls for significant interest rate cuts to boost economic growth.
Argentina’s central bank is reportedly drafting new rules to allow banks to offer customers digital asset-related services as early as April 2026.
Bank of Israel Governor Amir Yaron said stablecoins can no longer be viewed as marginal, citing their trillion-dollar trading volumes and growing systemic risks.
UAE’s new financial law brings crypto and blockchain into traditional finance and under Central Bank’s supervision.
The bank said it created a $1 million "test portfolio" of digital assets, mostly made up of bitcoin.
The rules classify crypto activities as subject to foreign exchange and capital market rules, and require reporting of international transactions.
The central bank released a draft paper for public comment with a view to clarifying the guidance on capital regulation for crypto assets
The crypto industry received a significant legal victory as Ripple CEO Brad Garlinghouse announced on March 19 that the U.S. Securities and Exchange Commission (SEC) had officially dropped its appeal against the company. The announcement came in a video posted on social media platform X, where Garlinghouse noted the regulatory agency’s decision to end its pursuit of further litigation. Besides this interesting development, another major financial development has taken center stage in the crypto market in the past 24 hours; the outcome of the Federal Reserve’s latest meeting. Fed Keeps Interest Rates Steady Amid Uncertainty The outcome of the latest Fed meeting can be divided into six key decisions. First, the Federal Reserve opted to maintain interest rates at their current level, keeping the borrowing rate in a range between 4.25% and 4.5% for the second consecutive meeting. This decision is part of a continued pause in the Fed’s tightening cycle. Related Reading: Bitcoin Price Crash: 6 Key Events To Watch Out For In Crypto This Week Secondly, the Fed noted that uncertainty surrounding the economy has increased, and third, the Fed’s updated projections were the shift in expectations for rate cuts in 2025. The median forecast suggests 50 basis points of cuts for the year, but a growing number of Fed officials are less convinced that rate reductions will be necessary. In December, only one official anticipated no rate cuts in 2025. However, there’s now a more divided outlook, and that number has now risen to four, as noted in a post on social media platform X by analysts at The Kobeissi Letter. Beyond interest rates, the Fed revised its economic growth projections downward for 2025, suggesting that policymakers see slower expansion ahead. This adjustment comes alongside an increase in the Fed’s inflation forecast for the same period, reflecting concerns about price pressures persisting longer than previously anticipated. With inflation remaining a key focus, the central bank is treading carefully as it evaluates the right time to pivot toward a looser monetary stance. Fourthly, the Fed announced that it would slow the pace of its balance sheet runoff beginning in April. This is alongside a sharp reduction in the Fed’s 2025 growth projections and a markup in their 2025 inflation forecast. Implications For Crypto Markets And Digital Assets For the crypto industry, the Fed’s decision to hold rates steady and its mixed messaging on future cuts introduce a dynamic situation to Bitcoin and others. The fact that the Fed is still concerned about inflation and economic uncertainty shows that the path to more accommodative policies regarding the crypto industry may not be as smooth. Related Reading: Crypto Market Sees Record Flash Crashes, What’s Going On? However, if the Fed stays hesitant to cut rates and economic growth slows as projected, digital assets may face headwinds later in the year, which may slow down the predicted growth by crypto analysts. Featured image from Unsplash, chart from Tradingview.com
Ales Michl had previously proposed the Czech National Bank consider bitcoin as a reserve asset.
The initiative will initially focus on tokenized deposits with the HKMA providing support to local banks for trials.
Central banks face mounting pressure to innovate, or risk falling behind in the digital currency race, with implications for national security and financial stability.
Norges Bank backs the EU’s MiCA regulation while considering a CBDC to enhance cross-border payments and support financial stability in Norway.
Digitalization is the way forward, and the European Central Bank has found the key: a digital Euro. In development since 2021, the planned digital Euro will help fast-track the region’s shift towards safer and more convenient online payments. Like cash, the ECB envisions its digital currency as widely accessible, risk-free, and free to use. However, […]
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Bitcoin’s monthly close could reverse a 6-month-long downtrend and signal traders’ intent to push BTC price to new highs.
Bitcoin’s monthly close could reverse a 6-month-long downtrend and signal traders’ intent to push BTC price to new highs.
Bitcoin’s monthly close could reverse a 6-month-long downtrend and signal traders’ intent to push BTC price to new highs.
Bitcoin must overcome resistance in the $64,000 to $66,000 zone before a new set of growth catalysts initiate the path to six-figure BTC price territory.
A rate cut could add to inflation and strengthen the Japanese yen, crashing markets, Hayes explained.
RBA Assistant Governor Brad Jones said the potential benefits of a retail CBDC in Australia appear modest or uncertain at present.
OneDegree executive Robin Scott told Cointelegraph that the insurance covers Web3 asset managers against the risk of losing customer funds.
The bank services several crypto-friendly financial technology companies.
Unlike other types of electronic money in Iran, the digital rial doesn’t require interbank settlement to transfer funds between the buyer and the seller.
The Fijian prime minister’s reported consultations on introducing Bitcoin into the economy seem to have been in vain.
The digital Turkish lira is set to be an intermediated CBDC with self-sovereign identity and offline transfers.
Banks continue to raise objections that have already been accounted for in digital euro design, the authors say.
The U.K. government received over 50,000 responses to its consultation paper on the formation of a digital pound.
Local reports state that Bureau De Change (BDC) operators announced the shutdown of operations in Abuja due to the unavailability of dollars.
The bills could create significant roadblocks to a CBDC in the United States.