In brief
The Bank of Russia announced that financial institutions can now offer crypto-linked derivatives to qualified investors.
These instruments must be "non-deliverable," meaning investors cannot actually own the underlying cryptocurrencies like…
Swiss crypto bank Amina Bank, formerly Seba Bank, reported record financial results for 2024, with revenue climbing 69% year-over-year to $40.4 million.The bank also saw its assets under management (AUM)…
De-dollarization efforts are accelerating right now as Russia leverages the BRICS New Development Bank to challenge United States dollar dominance, and BRICS nations are implementing local currency trading systems and…
In brief
The Bank of Korea is considering issuing deposit tokens on a public blockchain to coexist with private stablecoins.
$19.5 billion worth of stablecoins left South Korea in Q1 2025, prompting…
The Bank of Korea (BOK) is exploring the integration of central bank deposit tokens with public blockchain networks. Deputy Governor Lee Jong-ryeol outlined the bank’s vision during the ‘Blockchain Leaders…
Nilton David, the Deputy Governor and Director of Monetary Policy of Brazil’s Central Bank, spoke about BRICS challenging the US dollar on the global financial landscape. He explained a realistic…
The BRICS alliance is looking to replace the US dollar on the global stage with local currencies. The bloc wants their respective national currencies to thrive and make the greenback…
Several large US banks are reportedly discussing a plan to
launch a joint stablecoin. According to The Wall Street Journal, firms
connected to JPMorgan, Bank of America, Citigroup, and Wells Fargo are…
De-dollarization efforts are accelerating right now as Algeria officially joins the BRICS New Development Bank, and this marks a significant shift away from US dollar dominance. This BRICS expansion strengthens…
After remaining on the sidelines for years, the Ethereum (ETH) network was seen making headlines. The asset’s growth over the past couple of days has diverted the spotlight to ETH.…
