US House Introduces Bill to Temporarily Ban Cryptocurrency Mixers

by Александр Пирогов | May 9, 2024 | Blog News

A new bill introduced in the United States House of Representatives aims to impose a two-year ban on cryptocurrency mixers, known as the Blockchain Integrity Act. Led by five Democratic congresspeople, spearheaded by Sean Casten, the bill targets what they define as a...

Rwandan Central Bank Pursues Ambitious Retail CBDC Project

by Александр Пирогов | May 9, 2024 | Blog News

The National Bank of Rwanda (BNR) is forging ahead with plans for a retail Central Bank Digital Currency (CBDC), marking a significant step towards Rwanda’s goal of transitioning to a cashless economy. The BNR recently completed a feasibility study on the retail...

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...