The South African central bank has appealed a High Court ruling that criticized its use of an outdated exchange control law to regulate cryptocurrencies. Central Bank Says High Court Erred The South African Reserve Bank (SARB) has appealed a High Court ruling that criticized the central bank’s reliance on an outdated exchange control law to […] Source
Sberbank, Russia’s largest financial institution, has announced the issuance of the first batch of structured bitcoin bonds. The instruments are currently offered to a limited number of qualified investors, but the bank expects to provide more crypto-linked securities soon. Sberbank Pioneers Bitcoin Bonds in Russia Cryptocurrency is slowly starting to become a mainstream asset in […] Original
Figures logged in May show that bitcoin miners achieved their most lucrative month since the network’s fourth halving in April 2024. During May, the collective revenue drawn in by miners reached an impressive $1.52 billion. Bitcoin Revenues Reach 13-Month High Bitcoin miners recorded their most profitable month in May 2025 since the fourth halving event, […] Original
A South African judge has slammed the South African central bank for using outdated exchange control laws from the apartheid era to regulate cryptocurrencies. Judge: Apartheid-Era Laws Unfit for Cryptocurrency Regulation A High Court judge has criticized the South African Reserve Bank (SARB) for its continued reliance on outdated exchange control laws to regulate cryptocurrencies. […] Source CryptoX Portal
The mayor of Panama City, Mayer Mizrachi, made several announcements at the Bitcoin 2025 conference. Mizrachi revealed that Caja de Ahorros, the second-largest bank in the country, would launch bitcoin-based savings accounts and floated the idea of accepting bitcoin payments for the canal. Panama Prepared to Become Bitcoin Hub: Mayer Mizrachi Made Major Announcements Panama […] Original
China’s finance think tank gently pushes Bitcoin into reserve asset spotlight The International Monetary Institution (IMI), China’s state-backed finance think tank, has republished an article that quietly elevates Bitcoin in the reserve asset debate. The report by former White House economist Matthew Ferranti, originally published in October by the Bitcoin Policy Institute, argues that Bitcoin can serve as a hedge for central banks in developing economies, particularly those exposed to US dollar weaponization. It was republished by the IMI on its official WeChat account on May 28 with an editorial…
Banco Santander SA, a global banking institution, is considering expanding crypto services to retail clients and potentially launching a stablecoin product. The stablecoin plans are still in the early phases. According to a May 29 Bloomberg report, the bank is considering offering both dollar and euro-pegged fiat tokens. Large banking institutions, including JPMorgan, Bank of America, Citigroup and Wells Fargo, are reportedly looking into launching stablecoins, following an industry-positive regulatory shift in the United States under US President Donald Trump. Proponents of stablecoins argue they are a way to extend…
Key Notes T-Bank, formerly Tinkoff Bank, introduced digital financial assets tied to Bitcoin through Atomyze. During Q1 2025, Russian crypto inflows rose by 51%, reaching over $81.5 billion. Russians hold an estimated $9.2 billion in cryptocurrency on centralized exchanges, with Bitcoin leading at 62%. In a major development, Bank of Russia said that it would allow selected financial institutions to offer crypto-based products to institutional and accredited investors. As a result, some banks and financial firms will be able to offer different products like crypto derivatives, security instruments, as well…
Swiss crypto bank AMINA Bank AG, formerly SEBA Bank AG, reported record financial results for 2024, with revenue climbing 69% year-over-year to $40.4 million. The bank also saw its assets under management (AUM) rise by 136% to $4.2 billion, driven by institutional demand and strategic expansion, according to a May 28 news release. The Zurich-based bank credited the growth to its multi-jurisdictional footprint, 24/7 trading capabilities and a lending book that has maintained zero defaults over five years. “I’m incredibly proud of our team’s tenacity and focus, which led to…
Russia is turbocharging its de-dollarization drive through the BRICS Bank, championing non-dollar financing and pushing a multipolar system to disrupt Western dominance in global finance. Russia Unleashes Non-Dollar Push With BRICS Bank—Is the USD Era Crumbling? Russian Deputy Foreign Minister Sergey Ryabkov reaffirmed Russia’s strategic engagement with the BRICS New Development Bank (NDB) to advance […] Source CryptoX Portal