HSBC CEO supports CBDCs as opposed to cryptocurrencies and stablecoins
HSBC Group CEO Noel Quinn, believes CBDCs are a transparent legal tender that avoids the “many risks” associated with cryptocurrencies and stablecoins. HSBC, Europe’s largest bank with $3 trillion in assets, is dubious of bitcoin while pushing the creation of central bank digital currencies (CBDCs). New forms of digital money might promote growth, according to […]
CFTC commissioner says the agency does not have enough resources to regulate crypto
“If Congress decides that our jurisdiction should be expanded to include the cash market in some way, we’ll need a lot more resources to accomplish it,” Berkovitz says. Berkovitz said the Commodity Futures Trading Commission or CFTC, enforcement efforts in the crypto industry have been “tough,” citing a $100 million civil monetary penalty against derivatives […]
Turkish President Declares War on Cryptocurrencies
The president of Turkey, Recep Tayyip Erdogan, stated that Turkey was at war with cryptocurrencies during a conference with students from 81 districts, which took place in the city of Mersin on September 18. The Turkish central bank put a ban on cryptocurrency payments in mid-April, effectively prohibiting local businesses from engaging in transactions using […]
Curtis Sliwa pledges to make NYC ‘most cryptocurrency-friendly city in the nation’
In the United States, certain mayors of both large and small communities have been advocating for the adoption of cryptocurrency or have taken other positions in support of digital assets in general. Curtis Sliwa, a beret-wearing Republican running for mayor of New York City , has stated that one of his campaign’s aims is to […]
MSCI Inc. is looking into “Direct Exposure” to Cryptocurrencies
The CEO of the world’s largest index provider MSCI Inc. has stated that the firm is looking into the cryptocurrency ecosystem and considers the area as one of its options. In an interview with Bloomberg, Henry Fernandez, Chairman and CEO of MSCI Inc. , the world’s largest index provider that is also producing cryptocurrency indices […]