The Russian invasion of Ukraine raises the specter of cyberwar, and highlights growing risks to banks.

The post Asian banks at growing risk of IT outages, data loss appeared first on Digital Finance.

Thailand’s central bank and financial regulator have shared their views and positions on regulating the new, digital-powered financial landscape, outlining plans to issue virtual banking guidelines, rules on the use

The post Thailand’s Financial Regulator Lays out Plans for Payments Using Digital Assets appeared first on Fintech Singapore.

Russia’s government will present regulatory solutions for crypto by the end of the next working week as documents from recent meetings show so let’s read more in today’s crypto latest news. The executive power in Moscow likes regulation better than prohibiting crypto overall and other related activities. Russia’s government will present a new regulatory solution […]

It is more likely that wallets that could support a British digital currency will be produced by the private sector. 

The post Bank of England is ‘highly unlikely’ to develop a retail wallet for CBDC, says official appeared first on The Block.

Pavel Durov, founder of the messaging app Telegram, has criticized Bank of Russia’s proposal to impose a blanket ban on a range of crypto-related activities. Such move would stifle high-tech development and chase away blockchain specialists, Durov says. Durov Speaks Out Against Bank of Russia Push for Crypto Ban The cryptocurrency ban proposed […]

Russia can legalize cryptocurrency mining and stablecoins backed by gold under government control, a high-ranking member of the Russian parliament has suggested. The statement comes after Bank of Russia proposed a wide-ranging ban on the use of cryptocurrencies, and their trading and mining. Mining and Some Stablecoins Can Be Legalized in Russia, Duma Deputy Insists […]

Banks in Russia are preparing to dive into the pilot phase of the digital ruble project and some are already testing transactions with the currency. Trials have started with customer-to-customer (C2C) payments and Bank of Russia plans to expand the types of operations in the future. Digital Ruble Pilot Launches With 12 Participating Banks The…

The post Russian Banks Begin Testing Digital Ruble Payments appeared first on Bitcoin News Miner.

True to its hardline stance on decentralized digital money, the Central Bank of Russia is now pushing for a wide-ranging ban on crypto-related activities such as issuance, exchange, and mining. A consultation paper published by the regulator cites threats to financial stability and citizens’ wellbeing among the main reasons for the proposed restrictions. Russia’s Central […]