Consumers in the euro area have sharply raised their expectations about inflation in the coming months, the European Central Bank revealed. Survey data showing this comes after the monetary authority slowed the pace of its rate hikes last week while indicating that it’s still early for a pause. ECB Registers Heightened Consumer Expectations About Inflation…
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Gabriel Makhlouf, the Governor of the Central Bank of Ireland, has likened unbacked cryptocurrencies to a “Ponzi scheme” while noting that “crypto is not going away very soon.” In a Friday blog post, Makhlouf stated that Ireland’s Central Bank differentiates between ‘backed’ and ‘unbacked’ crypto. … Read More: Ireland’s Central Bank Governor Labels Unbacked Cryptos as…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Bank of Canada Opens Public CBDC Consultation, Solana’ Saga Phone Available for Orders, 32% of Family Offices Investment in Digital Assets, Binance NFT to Support Bitcoin Ordinals Read…
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Nigeria’s crypto community celebrates the approval of the National Blockchain Policy, set to impact governance, digital identity management and e-payments. The approval of the National Blockchain Policy for Nigeria has left the nation’s crypto community over the moon as it signals room for more development in the nation’s crypto industry. Some local experts have expressed…
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Platforms authorized by the Russian government issued digital assets worth around a billion rubles in April, the local press reported. The spike in the volume has been attributed to Russian companies experimenting with new financial instruments amid limited access to traditional capital. Russia’s Digital Assets Market Livens Up as Capital Markets Dry Up for Russian…
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The European Central Bank (ECB) raised its key interest rates by 25 basis points, slowing the pace from previous increases. However, as inflation in the euro area remains persistently high, future rate hikes may still be expected with the regulator insisting it will continue to seek a “timely return” to its 2% inflation target and…
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Bank of Russia raised its forecast for the profits of Russian banks in 2023, expecting results that may break the 2021 record. This year’s high numbers are coming after 2022 became the worst annual period in seven years for the sanctioned Russian banking sector in terms of financial outcome. Banks in Russian Federation Headed for…
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Authorities in Iran are taking steps to make crypto payments easier for companies importing goods in the sanctioned country. A dedicated platform has been established to allow local businesses to transfer cryptocurrency for the purpose of cross-border settlements. Iran to Use Cryptocurrencies for Imports, Trade Organization Chief Vows Iranian companies will be able pay for…
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Bank of Russia decided to maintain the interest rate at 7.5% amid moderate inflation, estimated at 2.5% on an annual basis in April, although this may change later this year. The monetary authority improved its forecast for the Russian economy and now expects growth entirely in positive figures, up to 2.0% for 2023. Bank of…
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The governor of the Bank of Mauritius told a meeting of central bank technologists about the development of the island nation’s CBDC ambitions. Mauritius plans to launch the pilot phase of a digital rupee in November, Bank of Mauritius Governor Harvesh Kumar Seegolam announced. Many of the parameters of the prospective central bank digital currency…
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