BIS Chief Urges Countries to Update Legal Frameworks for CBDCs
The general manager of the Bank for International Settlements (BIS), Agustin Carstens, has called on countries to modernize their existing legal frameworks to ensure legitimacy, privacy, integrity, and choice for central bank digital currencies (CBDCs). Speaking at a conference in Switzerland on Wednesday, Carstens said that CBDCs are a form of money that meets the […]
Binance France Reportedly Struggles to Find Banking Partner
After losing its euro banking partner, Paysafe, Binance France has suggested that its customers promptly convert all fiat currency on the exchange into cryptocurrency, for lack of an immediate banking partner. The partnership between Paysafe and Binance France ended on September 25. The latter provided infrastructure for euro deposits and withdrawals via SEPA bank transactions […]
Crypto Exchange Gemini to Invest $24 Million in India Hub
Gemini disclosed its intention to invest a substantial amount of INR 200 crore, equivalent to $24 million USD. Despite the complex legal environment, Gemini, a cryptocurrency exchange co-founded by the Winklevoss twins, intends to increase its presence in India. The New York-based cryptocurrency exchange stated in a blog post on Tuesday, Sept. 26 that it […]