OMGFIN Daily News

G20 Finance Chiefs Widely Recognize Crypto Poses Major Financial Stability Risks, Says Indian Central Bank Governor
The G20 finance ministers and central bank governors recognize that cryptocurrencies pose major risks to financial stability, monetary systems, and cyber se...
Tue, 28 Feb, 2023 at 12:46 AM
IMF prefers to regulate crypto than banning it outright: Report
On the sidelines of the G20 meeting in India, IMF managing director Kristalina Georgieva said the agency would prefer to regulate crypto than an outright ba...
Tue, 28 Feb, 2023 at 1:21 AM
UK banking regulator to propose crypto issuing, holding rules after Basel 3 finalized
The Bank of England Prudential Regulatory Authority will facilitate international economic growth under the Financial Services and Markets bill now in Parli...
Tue, 28 Feb, 2023 at 1:23 AM
France on the verge of passing stringent crypto firm licensing laws
The bill was passed with a vote of 109 in favor and 71 against and will now rely on the approval of president Emmanuel Macron to be signed into law. ...
Wed, 1 Mar, 2023 at 1:57 AM
SEC Chairman Explains Why He Views All Crypto Tokens Other Than Bitcoin as Securities
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has detailed why he considers all crypto tokens other than bitcoin as securities. While ...
Wed, 1 Mar, 2023 at 1:59 AM
Australian central bank to launch ‘live pilot’ of CBDC in coming months
The use cases for the CBDC ranged from offline payments to “trusted Web3 commerce” and financial industry participants were invited to undertake a live pilo...
Thu, 2 Mar, 2023 at 4:16 AM
United States CBDC would ‘crowd out’ crypto ecosystem: Ex-Biden adviser
Daleep Singh argues that crowding out cryptocurrencies by establishing a CBDC in the United States would protect the country's national interests.  ...
Thu, 2 Mar, 2023 at 4:17 AM
Decentralized finance to be examined at inaugural CFTC tech advisory meeting
A panel at an upcoming advisory meeting for the financial regulator will “explore issues in decentralized finance.” The United States commodities regu...
Fri, 3 Mar, 2023 at 1:22 AM
Russian Bank Issues Bank Guarantee in Chinese Yuan Using Blockchain
A bank in Russia has issued the country’s first blockchain-based bank guarantee denominated in Chinese currency. The financial institution underscored the a...
Fri, 3 Mar, 2023 at 3:40 AM
US Treasury and White House to Hold Regular Meetings on CBDCs and Payment Innovations
On March 1, 2023, Nellie Liang, undersecretary for domestic finance at the U.S. Treasury, delivered a speech to the Atlantic Council in Washington concernin...
Fri, 3 Mar, 2023 at 4:03 AM