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BIS: 90% of Central Banks are researching the utility of CBDCs

The institution's future monetary vision includes exploring innovations grounded in trust in central banks' stable sovereign currencies and safe payment systems.

Huobi crypto exchange wins licenses in Dubai and New Zealand as Thai affiliate closes

Huobi cryptocurrency exchange is expanding its global footprint by winning its first-ever licenses in Dubai and New Zealand.

Law Decoded, June 13–20: Celsius exodus and liquidity crisis

The American platform became the first to freeze the withdrawal operations, but it might not be the last.

China’s WeChat bans crypto and NFT-related accounts

The policy also covers secondary NFT trading as the firm notes that “accounts that provide services or content related to the secondary transaction of digital collections shall also be dealt with.”

Chinese court invalidates 2019 car sale made using now worthless crypto token

It appears that not only was the sales contract invalidated, but the buyer paid for the car with a questionable digital token in the first place.

HM Treasury changes course on collecting data around unhosted crypto wallets

“There is not good evidence that unhosted wallets present a disproportionate risk of being used in illicit finance,” said the Treasury update.

Why the crypto market crash may play in Bitcoin's favour

Podcaster and Bitcoin educator Natalie Brunell believes the current market turmoil could lead to regulation favoring Bitcoin over alts.

South Korean prosecutors ban Terraform Labs employees from exiting the country: Report

Terraform Labs employees have reportedly been prohibited from exiting South Korea as investigations by prosecutors continue.

Crypto lending can still survive bear market, analyst says

Bear markets are much more brutal for crypto lenders than cryptocurrency firms that don’t leverage users’ deposits, according to one Bitcoin analyst.

El Salvador president addresses bear market concerns with Bitcoin hopium

As tensions rise amid falling BTC prices, President Nayib Bukele decided to share advice for fellow Bitcoin investors that may be concerned about the prolonged bear market.

Third non-EU country, Ukraine, joins the European Blockchain Partnership

With the ultimate goal of integrating its digital economic space with the EU, Ukraine plans to expand its interstate blockchain network partnership with other countries.

Coinbase is facing class-action suits over unstable stablecoins GYEN, USTC

The cryptocurrency exchange is accused of failing to do due diligence, among other things, after users lost large sums as a result of the depegging of stablecoins.

Stablecoins highlight ‘structural fragilities’ of crypto — Federal Reserve

“Stablecoins that are not backed by safe and sufficiently liquid assets and are not subject to appropriate regulatory standards create risks to investors,” said the Fed report.

Hester Peirce expresses strong support for crypto spot ETFs and regulatory structure

The pro-crypto SEC commissioner and “Crypto Mom” had sharp words for SEC behavior toward Bitcoin spot ETF sponsorship applicants, delivered at a libertarian forum.

Resistance is futile! 3 reasons why Bitcoin mining will never go away

Numerous governments have tried to ban Bitcoin mining, but data and insights from those in the mining industry suggest that this is easier said than done.

State securities regulators investigate Celsius over withdrawal suspension: Report

Reports from different media outlets in the last week also suggested the Celsius Network has lost major backers and onboarded new attorneys amid a volatile crypto market.

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