Russian State Duma Prepares Bill to Widespread Digital Ruble Payments – Crypto News Bitcoin News
The Russian State Duma is advancing a bill to enable widespread digital ruble payments, introducing a universal code for disbursements and allowing banks and retailers three years for implementation.
How central banks are testing blockchain-based monetary policy
Central banks are testing blockchain for monetary policy, with projects like BIS’s Pine and Japan’s retail pilot. Over 130 jurisdictions are exploring CBDCs as financial systems evolve.
Sygnum Brings On Ex-CFTC Chief to Steer Regulatory Efforts
Sygnum Bank appoints ex-CFTC Chair Christopher Giancarlo as senior policy adviser to enhance its global regulatory strategy amid expansion in Singapore and UAE markets.
Thailand to allow crypto spending for tourists, eyes regulatory reform
Thailand plans to allow tourists to spend cryptocurrency via credit cards as part of financial reforms, aligning digital assets with capital markets.
Former IMF Chief Economist: Bitcoin Undermines Dollar Hegemony in $25 Trillion Shadow Economy – Economics Bitcoin News
Former IMF chief economist Kenneth Rogoff states Bitcoin is undermining the dollar’s dominance in the $25 trillion shadow economy, impacting U.S. interest rates and economic stability.
Early Freedom: FTX’s Sam Bankman-Fried’s Sentence Reduced By Over 4 Years | Bitcoinist.com
Sam Bankman-Fried’s 25-year prison sentence for FTX fraud could be reduced to 21 years due to good behavior. FTX plans to distribute $5 billion to creditors starting May 30.
Billionaire Chamath Palihapitiya Sounds Alarm on US Debt Crisis, Warns of Credit Downgrade, Treasury-Dumping Risk and More – The Daily Hodl
Billionaire Chamath Palihapitiya warns that a new US bill could worsen the debt crisis, leading to Treasury yield spikes, credit downgrades, and a shift to assets like gold and Bitcoin.
France arrests over 12 suspects linked to crypto kidnappings: Report
French authorities arrested over 12 suspects, including minors, linked to crypto-related kidnappings in Paris, possibly orchestrated by a criminal organization using social media for recruitment.
Bank of Korea Plans to Integrate Deposit Tokens on Blockchain
The Bank of Korea plans to integrate central bank deposit tokens with public blockchains, viewing them as stablecoins within its digital currency framework, while expressing concerns over global stablecoin adoption.
Coinbase faces legal action after data breach exposes investors to major losses
Coinbase faces a class action lawsuit from COIN investors over financial losses linked to a data breach and UK regulatory fine, alleging lack of transparency and security failures.
