Financial regulators of the Russian Federation (the Ministry of Finance and the Bank of Russia) began to study international experience in the development and launch of national digital currencies.
The stablecoin emission index renewed its maximum, reaching $ 20 billion by the end of last week. The upward trend was driven by an increase in demand for two assets: USDT and USDC. In addition, the strong growth in investor interest in cryptocurrency derivatives has had a positive effect on the strengthening of the stablecoin sector, since some platforms have declared making deposits using such tokens as a mandatory condition.
Spain’s main financial regulator (Banco de España) intends to explore the possibility of launching a national digital currency. The relevant information is contained in the latest document reflecting the country’s economic development plan, and calculated until 2024.
The Chinese authorities continue to promote the digital yuan, testing it as a means of payment in various service industries. Now, using cryptocurrency, residents of Shenzhen will be able to buy fuel at 11 gas stations in the city. The pilot project is being carried out by the state agency Guangdong Petroleum.
The Bank of Russia will conduct a study on the feasibility of launching a digital version of the national currency. The report released by the department notes that the new asset will not replace cash and electronic funds, but will only supplement them.
Chen Yulu, deputy head of the People’s Bank of China, believes that the work on the introduction of the national cryptocurrency should be accelerated.
“Cryptomama” Hester Pierce: the authorities will have to pay attention to the regulation of the crypto market
Commissioner for the US Securities and Exchange Commission (SEC) Hester Pearce believes that the regulator will have to create more obvious regulations for the rapidly changing crypto market, which attracts more and more participants to its ranks.
Japan’s regulatory framework must be changed to launch the digital yen, said Kozo Yamamoto, head of the country’s Liberal Democratic Party’s Financial Council.
US authorities have concluded that end-to-end encryption poses massive risks to public safety. In a statement, the United States Department of Justice notes the need for technology companies to engage with governments to timely identify illegal activities such as terrorism, violence and sexual assault.