The Bank of Russia aims to open the payment infrastructure for the Russian central bank digital currency (CBDC), the digital ruble, by July next year. Larger banks will offer digital ruble accounts and services by this deadline, with smaller institutions following later. The initiative seeks to enhance payment efficiency and reduce costs, with retailers also […] Source CryptoX Portal
“Anchorage Digital Bank N.A. is pleased to further broaden access to crypto as a custodian selected for 21Shares’ U.S. spot ETF lineup,” said Nathan McCauley, the bank’s co-founder and CEO, in a statement. “Our federal charter — which supersedes state-by-state regulation and positions us as a qualified custodian — makes us a natural choice for ETF custody diversification.” Source
The banks will need to enable their customers to “open and top up digital ruble accounts, make transfers, and accept digital rubles in their infrastructure,” the central bank said Thursday. After that, “it is planned to launch the widespread use of the digital national currency. It is important that it is available to citizens and businesses and, if desired, they can freely use it on an equal basis with cash and non-cash funds.” Source
A third of consumers said they thought the BTC price would be below $60,000 by year-end, and only 12%-14% thought it would cross $70,000. Bitcoin was trading around $58,200 at publication time. For the longer term, perceptions were mixed: 40% of respondents said they thought BTC would thrive in the coming years, while 38% said they expected it to disappear. Source
A Nigerian anti-corruption agency froze bank accounts (over $330,000) belonging to suspected cryptocurrency users on global platforms like Kucoin and Bybit. The agency believes these users manipulated the Nigerian currency (naira) through their trading activity. The exchanges are also accused of failing to adhere to anti-money laundering and terrorist financing regulations. Bank Account Holders Accused […] Source CryptoX Portal
The Central Bank of Brazil disclosed a new set of use cases that will be part of the second phase of the ongoing pilot of its drex CBDC. Among the 13 instances selected from the 46 presented are platforms for tokenizing real estate, liquidity pools for trading public securities, and even automating automobile transactions. Central […] Source CryptoX Portal
The list of selected projects includes global companies such as Visa, which will work alongside the Brazilian brokerage XP and digital bank Nubank to optimize the foreign exchange market. Spanish banking giant Santander, for its part, was selected to work on a project involving automobile operations and another focused on lending and decarbonization. Source
Zürcher Kantonalbank (ZKB), Switzerland’s largest cantonal bank, has partnered with Crypto Finance AG to offer crypto asset brokerage services. By partnering with Crypto Finance AG, ZKB gains access to an experienced and regulated partner with deep industry expertise in the crypto space. This partnership marks a significant step towards the broader acceptance of cryptocurrencies in […] Source CryptoX Portal
“When it comes to cryptocurrencies, Zürcher Kantonalbank takes on the critical function of securely storing the private keys. Customers and third-party banks therefore do not need their own wallet and therefore do not have to worry about storing their own private keys. Zürcher Kantonalbank takes care of both,” said Alexandra Scriba, head of institutional clients and Multinationals at Zürcher Kantonalbank, in a statement. Original
Zurich Cantonal Bank, Switzerland’s fourth-largest bank, has launched crypto trading and custody services, expanding its financial offerings. Zurich Cantonal Bank, Switzerland‘s fourth-largest bank, has officially entered the crypto market, offering its clients the ability to trade and store Bitcoin (BTC) and Ethereum (ETH). In a Sept. 4 press release, the bank said the new offering is integrated into its existing digital platforms, including ZKB eBanking and ZKB Mobile Banking. The bank has partnered with Crypto Finance AG, a subsidiary of Deutsche Börse Group, to execute crypto trades, the press release…