CBDCs
CBDCs could boost financial inclusion, ease cross-border payments in the Middle East, IMF says
The global financial regulator warned that the digital currencies could pose challenges to financial stability.
Oluwapelumi Adejumo 2 min read
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CBDCs
Qatar Central Bank launches first phase of CBDC project
The central bank will test and develop selected applications of the CBDC for settling large payments with local and international banks.
Regulation
India’s securities watchdog calls for crypto regulation; Turkey moves toward licensing model
Both developments could build frameworks for engagement rather than harsh policies.
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Crypto
Bitcoin soars to $65,000 as Israel-Iran sparring looks to conclude
Several analysts analysts remain optimistic on Bitcoin's price trajectory especially as the halving event looms.
Exchanges
Binance enhances SAFU fund stability through USDC amid regulatory progress in Dubai and India
Binance has prioritized compliance after settling its legal issues with US authorities last year.
CBDCs
Israeli central bank official says digital payment methods have ‘eroded’ the role of cash
A central bank official said that the versatility of CBDCs will allow them to compete with other digital payment methods that have sidelined traditional cash in recent years.
Regulation
US senator claims Biden administration uses crypto as ‘scapegoat’ to mask failures in halting illicit finance
Senator Tim Scott said the focus on crypto misses the "elephant in the room" because the conversation about illicit financing is "far larger than digital assets."
Regulation
Treasury official confirms crypto makes up ‘small fraction’ of Hamas’ fundraising
Recent narratives, fueled by last year's media reports, suggested a significant use of crypto by terrorist groups like Hamas, especially following attacks in Israel.
Partnerships
Abu Dhabi Global Market partners with Solana Foundation to drive web3 adoption in UAE
The partnership aims broaden ADGM's blockchain and Web3 ecosystem in Abu Dhabi by exploring joint initiatives and projects.
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Exchanges
Iranian crypto exchange Bit24 disputes claims of KYC data leak incident
Regulation
UAE’s new anti-money laundering regulations incorporate FATF travel rule
Exchanges
Bybit extends proof-of-reserves to include 32 digital assets
Adoption