Crypto could pose ‘major’ risk to S.Korea’s financial stability, think tank says
The country’s growing ties to crypto could expose its financial sector to volatility and ‘damage its credibility,’ a researcher says.
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RBI asks 4 state-run banks to test digital rupee, in talks with fintech: report
India’s Reserve Bank of India has asked four state-run banks to test its central bank digital currency (CBDC), due for launch this financial year, even as the central bank seeks a ban on cryptocurrency trading in the country. See related article: RBI is causing crypto hesitancy among Indian banks Fast facts RBI has chosen the…
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World Economic Forum argues for CBDCs, Australia latest to test use-case technology
With over 100 countries experimenting with the technology behind Central Bank Digital Currencies, the World Economic Forum of Davos fame lays out its views on the potential benefits and drawbacks of CBDCs.
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Crypto exchange Bybit barred from brokering securities in Brazil
The Securities and Exchange Commission of Brazil (CVM) has banned Singapore-based cryptocurrency exchange Bybit from brokering “securities” within the country. See related article: Thailand mandates warnings on crypto ads Fast facts The CVM released a declaratory act, in an announcement on Monday, that ordered the suspension of Bybit’s security offerings and intermediation services directly or…
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Binance move to remove USDC and others raise questions about market conduct
The world’s largest cryptocurrency exchange said the move was designed to “enhance liquidity and capital-efficiency for users.”
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Indian police arrest alleged crypto trickster in US$31 mln scam: report
Indian police in the state of Maharashtra have arrested a man on charges of cheating 1,441 investors in a fake cryptocurrency scam, according to a local media report. See related article: Tax authorities recover US$9M from India’s biggest crypto exchanges Fast facts The scam may be in excess of 2.5 billion rupees (US$31.2 million) and…
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Australia establishes federal crypto police unit
The Australian Federal Police (AFP) have set up a crypto crime unit that will trace and seize illicit cryptocurrency linked to money laundering and other criminal activity, the Australian Financial Review (AFR) reported Monday. See related article: Ukraine National Police takes down crypto fraud cybercrime group Fast facts Launched in August, the unit will help…
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Why play-to-earn gaming is losing steam and where GameFi must go next
Axie Infinity’s decline shows that earning can’t be everything, writes Riaz Lalani of Gambit Games. What went wrong with P2E and what can we learn from it?
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Poolin pauses withdrawals from Pool Accounts, admits liquidity issues
Poolin has paused withdrawals from its wallets known as “Pool Accounts”, the major Bitcoin and cryptocurrency mining pool said in a statement on Monday. See related article: Poolin partners with crypto trading firm Quant Satoshi to expand US business Fast facts A recent surge in withdrawal demand is the primary root of the mining pool’s…