Yves Bennaïm, founder and chair of 2B4CH, a Swiss pro-Bitcoin think tank, is launching a popular initiative to amend the country’s constitution to allow its central bank to purchase and hold bitcoin. The initiative is also supported by Bitcoin Suisse President Luzius Meisser, who believes the bank should add bitcoin to its reserves. A Reform […] Original
Multiple Swiss Bitcoin advocates are spearheading a renewed campaign to persuade the Swiss National Bank to include Bitcoin (BTC) in its reserves through a constitutional referendum. Yves Bennaïm, who leads the non-profit think tank 2B4CH driving this initiative, argued that integrating Bitcoin into the national bank’s reserves is critical for maintaining Switzerland’s “sovereignty and neutrality” growing global instability. Speaking to a Swiss news outlet, Neue Zürcher Zeitung, on April 20, Bennaïm mentioned that they are finalizing the organizational setup and drafting necessary documents to be submitted to the State Chancellery…
JPMorgan Chase and Deutsche Bank have weighed in on potential price movements for bitcoin following the halving. “We continue to expect prices to stay high,” Deutsche Bank analysts said. JPMorgan analysts, however, stated that they “see downside for the bitcoin price post halving for several reasons.” JPMorgan and Deutsche Bank on Bitcoin Post-Halving JPMorgan Chase […] Original
Analysts from JPMorgan Chase & Co and Deutsche Bank AG say the upcoming halving is mostly priced in, shifting focus to how mining will be affected. JPMorgan Chase & Co and Deutsche Bank AG don’t expect big changes for Bitcoin’s price after the halving, saying the market has already mostly priced in this software update, which occurs once every four years. According to a Bloomberg report, the focus will now shift toward the implications for Bitcoin mining, with expectations of consolidation among publicly-traded firms gaining market share as unprofitable miners…
The Reserve Bank of Fiji, Fiji’s central bank, reminded Fijians that cryptocurrencies were not accepted as legal tender in the country. In a recent press release, the institution reinforced that purchasing cryptocurrency with funds held in Fiji was illegal and that penalties could be applied to citizens doing so without the bank’s approval. Reserve Bank […] Source
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New Zealand’s CBDC is undergoing a multi-stage and multi-year process, and the country has not decided to issue one yet, the consultation paper said. It would be denominated in New Zealand dollars, swappable 1:1 with physical cash, and would be available 24/7. Source
The Bank of Russia has announced that it will support accelerating the adoption of cryptocurrency payments for international settlements. According to Elvira Nabiullina, governor of the Bank of Russia, these crypto-based payments must be launched in a sandbox-style experimental regime. In contrast, payments with national digital assets will be launched without similar precautions. Bank of […] Source
Fiji’s central bank has issued a warning against crypto investments promoted in the region, citing legal tender laws and potential penalties under local regulations. The Reserve Bank of Fiji (RBF) has issued a public warning, cautioning users from investing in crypto-related campaigns promoted in the region. In a press release on Apr. 15, the central bank emphasized, including Bitcoin (BTC) and Ethereum (ETH) are “not recognized as legal tender in Fiji” and can’t be used for payments of goods and services, in accordance with local rules. Reserve Bank of Fiji…
Germany’s largest federal bank is set to launch crypto custody services in collaboration with crypto exchange Bitpanda, targeting institutional and corporate clients. Germany’s biggest state-backed lender with over $350 billion in assets under management, Landesbank Baden-Württemberg (LBBW), will launch crypto custody services for its institutional and corporate clients in the second half of 2024 in a move aimed at boosting the local market of virtual assets. New partnership alert: Bitpanda x LBBW 🤝 Landesbank Baden-Württemberg, Germany’s largest federal state bank will enhance their digital asset offering in partnership with Bitpanda!…