Tag: Bank

India’s Central Bank Pushes For CBDCs Over Stablecoins

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The Reserve Bank of India has urged countries to focus on central bank digital currencies over privately-issued stablecoins, citing concerns about financial stability. In its December financial stability report, released on Wednesday, the RBI argued that CBDCs preserve the “singleness of money and the integrity of the financial system,” and should remain as the “ultimate settlement asset” and the “anchor for trust in money.” “The RBI, therefore, strongly advocates that countries should prioritise central bank digital currencies over privately issued stablecoins to maintain trust in money, preserve financial stability and…

US bank Upgrades TeraWulf Price Target, Offers Bullish Mining Prediction

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Investment banking company Keefe, Bruyette & Woods has turned more bullish on Bitcoin miner TeraWulf, citing what it sees as a looming shift in the company’s business mix that investors have yet to fully price in. In a Wednesday report, KBW said it upgraded TeraWulf (WULF) to “outperform” from “market perform” and raised the company’s share price target to $24 from $9.50.  According to the bank, the reassessment was based on investors “underappreciat[ing] the magnitude of the BTC mining to HPC [high-performance computing] leasing mix shift in 2026-2027 and robust…

Russia’s Central Bank Signals Shift Toward Retail Crypto Access

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The Bank of Russia put forward a policy proposal that would allow non-qualified investors to buy certain cryptocurrencies. According to a Tuesday announcement, the central bank’s proposal would allow both qualified and non-qualified investors to buy most crypto, but with limitations. Non-qualified investors would be limited to a yet-to-be-defined set of liquid crypto after passing a knowledge test, capped at 300,000 rubles ($3,834) a year. Qualified investors would gain broad market access excluding privacy coins, also subject to a knowledge test. Russian residents will also be able to acquire crypto…

Bank of Russia moves to open crypto access to retail investors

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Key Takeaways The Bank of Russia proposes rules allowing both qualified and non-qualified investors access to crypto assets with different restrictions. New regulations would recognize digital currencies and stablecoins as assets, but not allow their use for domestic payments in Russia. Share this article The Bank of Russia has proposed a new crypto regulatory framework that would widen access to the crypto market while maintaining strict safeguards. Under a concept released by the central bank on Tuesday, both retail and professional investors would be allowed to acquire digital assets, subject…

Ghana Legalizes Crypto Under Central Bank Oversight

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Ghana has legalized cryptocurrency trading by establishing a regulatory framework targeting the industry. Ghana’s parliament has passed the Virtual Asset Service Providers Bill into law, Bank of Ghana (BoG) Governor Johnson Asiama said, according to a report on Sunday by the state-owned Daily Graphic news agency. “Virtual asset trading is now legal, and no one will be arrested for engaging in cryptocurrency, but we now have a framework to manage the risks involved,” Asiama said on Friday at the BoG’s annual Nine Lessons, Carols and Thanksgiving Service. The timing aligns…

Bitcoin Gains Near 3% Despite Bank of Japan Rate Hike

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Bitcoin (BTC) aimed for $88,000 on Friday after Japan’s central bank raised interest rates to 30-year highs. Key points: Bitcoin joins US stocks futures heading higher in a curiously bullish reaction to Japan’s interest-rate hike. Commentators argue that no further hikes will happen due to economic forces. Bitcoin continues to hammer out a bottom on longer timeframes. Arthur Hayes eyes BTC price, yen surge Data from Cointelegraph Markets and TradingView showed 2.5% BTC price gains versus the daily open. BTC/USD one-hour chart. Source: Cointelegraph/TradingView In line with expectations, the Bank…

Bank Of Japan Rate Cut Expected To Negatively Impact BTC, Altcoins

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Key points: Bitcoin attempted a recovery on Monday, but renewed selling pressure threatens to pull the price to $84,000. Several altcoins are attempting to hold above their support levels, but the bounce lacks strength. Bitcoin (BTC) attempted a recovery on Monday, but the bears continue to exert pressure. Trader CrypNuevo said in a thread on X that BTC could range between $80,000 and $99,000, and a break below $80,000 may sink the price to $73,000. On similar lines, analyst Aksel Kibar said that BTC could start a directional move soon…

Bank of America predicts banks’ onchain transition in coming years

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Key Takeaways Bank of America sees stablecoins and tokenized deposits entering the regulated banking system under new federal charters and rules. Analysts expect final FDIC stablecoin rules by July 2026, with full implementation by 2027. Share this article Bank of America says US banks are entering a multi-year transition toward blockchain-based operations, as regulators begin laying the groundwork for stablecoins and tokenized deposits. A Monday report highlights that recent OCC approvals for five digital asset firms mark early federal acceptance of crypto custody and stablecoins—provided they meet fiduciary standards and…

Brazil’s largest private bank recommends up to 3% investment in Bitcoin

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Key Takeaways Brazil’s largest private bank advises allocating 1% to 3% of investment portfolios to Bitcoin for diversification. Bitcoin offers protection against currency devaluation and low correlation with traditional assets. Share this article Itaú Unibanco, Brazil’s largest private bank, has recommended that investors allocate 1%-3% of their investment portfolio to Bitcoin to enhance diversification and protect themselves against currency devaluation. “Maintaining a well-diversified portfolio and adopting a calibrated allocation to assets such as Bitcoin appears to be a robust strategy. The objective is not to make crypto assets the core…

Ripple gets OCC approval to become national trust bank, joining BitGo and others

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Key Takeaways The OCC granted conditional approvals for five national trust bank charters, including Ripple and BitGo. Approved firms may offer federally regulated crypto custody and trust services pending final requirements. Share this article The Office of the Comptroller of the Currency (OCC) has conditionally approved five applications for national trust bank charters, including Ripple National Trust Bank and BitGo Bank & Trust. The approvals allow these firms to join the U.S. federal banking system, pending fulfillment of regulatory conditions. Other firms receiving approval include Fidelity Digital Assets, Paxos Trust…