Announcements

The U.S. Federal Reserve singled out a surge in the price of cryptocurrencies for the first time in its overall assessment of the stability of the financial system. According to Bloomberg, the regulator noted the rise reflected the increased risk appetite by investors. The brief comment about “the surge in the prices of a variety…

The Bank for International Settlements (BIS), the International Monetary Fund (IMF), and the World Bank argue to the G20 that central bank-issued digital currencies (CBDC) will benefit worldwide development. In a new joint report, they have proposed to create a cross-border network of central bank digital currencies (CBDC), underpinned by efficient technological integration and proactive…

Circle, the issuer of the USDC stablecoin, plans to go public by the end of the year through a SPAC with special purpose acquisition company Concord Acquisition Corp. The deal values the crypto financial services firm at $4.5 billion. The deal announced on Thursday values Circle at $4.5 billion following just a few weeks after…

As local news reported, the Vietnamese Prime Minister Phạm Minh Chính has ordered the State Bank of Vietnam to study the feasibility and test the operationality of a pilot for a digital currency (CBDC). Unlike other countries, Vietnam is looking to test a digital currency built on blockchain technology, not a centralized protocol. According to…

The Reserve Bank of New Zealand sees a central bank digital currency (CBDC) as a “solution” to the ongoing reduction in cash usage. The bank will open up public consultations regarding a CBDC and the new digital money like stablecoins. In a July 7 statement, the Reserve Bank of New Zealand announced releasing a set…

The Financial Crimes Enforcement Network (FinCEN) has hired Michele Korver, previously of the Digital Currency Council in the U.S. Department of Justice, to serve as the agency’s first chief digital currency adviser (DCA). Korver, who has been involved in crypto-related Anti-Money Laundering (AML) operations since 2013, will advise FinCEN acting director Michael Mosier regarding cryptocurrency’s…