House Votes to Nullify SEC’s Anti-Crypto Banking Guidance SAB 121

by Александр Пирогов | May 9, 2024 | Blog News

In a significant move, the United States House of Representatives has passed a bill aimed at overturning the controversial Securities and Exchange Commission (SEC) guidance that restricts banks from holding crypto assets. Known as Special Accounting Bulletin 121 (SAB...

Germany’s KfW to Issue First Blockchain-Based Digital Bond

by Александр Пирогов | May 9, 2024 | Blog News

Germany’s Kreditanstalt fuer Wiederaufbau (KfW), the country’s third-largest state-owned bank, is poised to take a significant step forward in blockchain adoption with its inaugural issuance of a blockchain-based digital bond, labeled as a ‘crypto...

Yuval Noah Harari Warns Against Unchecked AI in Finance

by Александр Пирогов | May 8, 2024 | Blog News

Renowned author, philosopher, and history professor Yuval Noah Harari has raised concerns about the unchecked use of artificial intelligence (AI) in the financial system. Speaking at the Bank for International Settlements (BIS) Innovation Summit, Harari emphasized the...

RBI Governor: India’s Digital Rupee to Enable Offline Transactions

by Александр Пирогов | May 8, 2024 | Blog News

In a significant stride towards financial inclusivity, the Reserve Bank of India (RBI) is advancing its central bank digital currency (CBDC) project to facilitate offline transactions, announced RBI Governor Shaktikanta Das during a Bank for International Settlements...

Hong Kong Monetary Authority Forms Committee to Set Standards for Wholesale CBDC Interoperability

by Александр Пирогов | May 8, 2024 | Blog News

The Hong Kong Monetary Authority (HKMA) announced on Tuesday the establishment of a working committee aimed at setting industry standards for wholesale Central Bank Digital Currency (CBDC) interoperability. The committee, dubbed Project Ensemble Architecture...

Indonesian Regulatory Agency Forms Crypto Asset Committee

by Александр Пирогов | May 8, 2024 | Blog News

The Commodity Futures Trading Regulatory Agency, commonly known as Bappebti, has taken a significant step in overseeing the cryptocurrency industry by establishing a dedicated committee. With responsibilities including the regulation of cryptocurrencies, Bappebti has...