Latest Cryptocurrency News: Finextra Research

China's digital yuan hits $250 billion milestone

China's central bank digital currency has passed $250 billion in transactions within one-and-a-half years of its launch.

21 July 2023

/crypto

UK Treasury rebuffs calls for crypto to be regulated as gambling

The UK Treasury has firmly rejected proposals by an all-party parliamentary committee for consumer trading in unbacked crypto such as bitcoin and ether to be regulated as gambling.

20 July 2023

/crypto

FSB strengthens regulatory framework for crypto-assets

The Financial Stability Board (FSB) has published a global regulatory framework for crypto-asset activities based on the principle of ‘same activity, same risk, same regulation’.

17 July 2023

/crypto

Celsius founder arrested on fraud charges

The former CEO of cryptocurrency lending platform Celsius Network, Alex Mashinsky, has been arrested on federal fraud charges.

14 July 2023

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Ripple scores partial win in SEC lawsuit

Ripple did not violate federal securities law by selling the XRP token on public exchanges and through algorithms, a US judge has ruled in a major win for the cryptocurrency industry.

14 July 2023

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UK Government to set up Digital Securities Sandbox

The UK Government has opened consultations on the introduction of a Digital Securities Sandbox (DSS), to test innovative new market infrastructures for digital assets.

11 July 2023

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Central bank interest in CBDCs shows no sign of waning

The exploration by central banks into digital currencies shows no sign of cooling, with 15 retail and nine wholesale CBDCs expected to enter circulation by the end of the decade, according to new data from the bank for International Settlements.

10 July 2023

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Gemini sues DCG

Crypto exchange Gemini Trust has filed a lawsuit against Digital Currency Group and its CEO Barry Silbert over a failed partnership between the companies.

07 July 2023

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NY Fed and banks upbeat on digital dollar pilot results

The Federal Reserve Bank of New York says that proof-of-concept run with a host of banks has demonstrated the feasibility of a regulated digital asset settlement platform supported by shared ledger technology.

07 July 2023

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BofE taps Nuggets for digital pound privacy layer

The Bank of England has enlisted payments platform Nuggets to work on a privacy and identity layer for any future digital pound.

07 July 2023

/crypto

UK Finance baulks at proposed £20,000 upper limit for future Britcoin

UK Finance, the collective voice for the UK banking and finance industry, has clashed with the bank of England on the proposed £10,000 to £20,000 ceiling on individual holdings in a future central bank digital currency, arguing that such a limit could result in a run on bank deposits.

06 July 2023

/crypto

DBS launches merchant payment system for Chinese CBDC

Singapore's DBS has implemented a payments collection and settlement service for Chinese merchants that handles transaction in the country's retail central bank digital currency, E-CNY.

06 July 2023

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