The New York State Department of Financial Services (NYDFS) on Thursday issued digital asset guidance to state-regulated banks laying out what information financial institutions must submit before getting approval to engage in virtual currency-related activities. The guidance, one of the clearest paths forward yet for banks to offer cryptocurrency services, Read more…
Nigeria has drastically reduced the amount of cash individuals and businesses can withdraw as it attempts to push its “cash-less Nigeria” policy and increase the use of the eNaira — Nigeria’s central bank digital currency (CBDC). The Central Bank of Nigeria issued (PDF) the directive to financial businesses in a Read more…
Canada’s biggest pension fund, CPP Investments, has ended its nearly year-long effort of studying investment opportunities in the volatile crypto market, Reuters reported Wednesday, citing people familiar with the matter. The reasons behind CPPI’s abandonment of crypto research were not immediately clear. CPPI declined to comment but said it has Read more…
Coinsquare, one of Canada’s largest cryptocurrency exchanges, may have been breached, but the company claims customer assets are “secure in cold storage and are not at risk.” The exchange, which touts itself as “Canada’s trusted platform to securely buy, sell and trade Bitcoin, Ethereum, and more,” emailed customers Friday to Read more…
The Reserve Bank of India’s first pilot for a retail e-rupee, its version of the central bank digital currency (CBDC), will be launched on Dec. 1, it said in a statement on Tuesday. The pilot will cover select locations in a closed user group comprising participating customers and merchants, the Read more…
Are we missing some clarifying details in the saga of Sam Bankman-Fried? The New York Post seems to think so, writing among other things, that inside a glamorous Bahamas penthouse, 10 roommates became “a group of financial renegades that dropped speed, blithely swapped in and out of relationships with one Read more…
A new working paper by Matthew Ferranti — a fifth-year PhD candidate in Harvard’s economics department and advisee of Ken Rogoff, a former economist at the IMF and the Federal Reserve Board of Governors who is now a Harvard professor — has caused a minor splash. From a report: In Read more…