Philosopher Yuval Noah Harari warns of AIs risks in finance

The bestselling author, philosopher and historian sees grim potential for AI to get out of control in the financial system.

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Bitcoin ETFs are orange FOMO poker chips that siphon on-chain funds back into TradFi

Bitcoins goal of creating a decentralized financial system may be challenged by ETFs dragging money back into the TradFi world, according to a macro researcher.

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Israeli Central Bank Official Embraces CBDC Competition with Banks for Economic Growth

In a recent speech, Bank of Israel Deputy Governor Andrew Abir expressed his support for the competition between commercial banks and the forthcoming Central Bank Digital Currency (CBDC) known as the digital shekel. Abir believes that the digital shekel has the potential to enhance competition in the financial system and benefit the economy as a whole. (Read More)

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Law Firm’s White Paper Claims US Bank Regulators Are Waging a ‘Clandestine Financial War’ Against Crypto Businesses

According to a recent white paper published by four members of the law firm Cooper & Kirk, PLLC, U.S. bank regulators are attempting to “drive crypto businesses out of the financial system.” The paper, titled “Operation Chokepoint 2.0,” claims that after laying the groundwork by labeling lawful businesses as “reputationally risky,” federal bank regulators, with [...]

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Putin Believes Decentralization Will Help Global Economy Be More Resilient

Russian President Vladimir Putin has stated that the decentralization of the finance system might benefit the global economy, allowing it to be more resilient in the long run. At the second Eurasian Economic Forum, Putin explained that building this decentralized system would allow for a depoliticized global economic arena, contributing to withstand crises derived from

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UN Secretary-General Says Global Financial System ‘Outdated, Dysfunctional, Unfair’ — Calls for Reform

United Nations Secretary-General Anto´nio Guterres says the current international financial system is “outdated, dysfunctional and unfair.” He stressed: “There is a systemic and unjust bias in global economic and financial frameworks in favor of rich countries, which is naturally generating great frustration in the developing world.” UN Secretary-General Calls for Reform of Global Financial System [...]

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China and Singapore team up to scale green and transition financing

Major Asian economies, China and Singapore, have set up a task force to deepen bilateral cooperation in green and transition finance. The move is aimed at facilitating greater public-private sector collaboration for a low-carbon future in the region.  The Monetary Authority of Singapore (MAS) announced the collaboration with the People’s Bank of China (PBC) in [...]

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Treasury Secretary Yellen Says US Government Will Take ‘Any Steps Necessary’ to Preserve Its Financial Dominance

According to U.S. Treasury Secretary Janet Yellen, the United States government is prepared to take the steps necessary to ensure its financial system remains the world’s strongest and safest. Yellen said that the U.S. government will not hesitate to punish Chinese companies that violate its Russian sanctions policy. U.S. Ready to Shore up Its Financial [...]

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Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’

On Monday, U.S. president Joe Biden published the administration’s economic report and addressed the subject of cryptocurrencies. The section titled “The Perceived Appeal of Crypto Assets” describes the currencies as “mostly speculative investment vehicles” that are “unbacked” and “traded without fundamental anchors.” The White House insists that crypto assets do not deliver on their promises [...]

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Russia Involved in De-Dollarization Talks With the Islamic World to Create Independent Financial System

Russia and the Islamic world are currently discussing how to deepen the de-dollarization agenda to create a new financial system. According to statements from Russian Deputy Prime Minister Alexey Overchuk, these topics are inscribed in broader deglobalization talks, and the Russian government is invested in developing these issues with Islamic countries. Russia Talks De-Dollarization With [...]

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South Korea launches ‘Metaverse Fund’ to expedite domestic initiatives

While some global economies got distracted by the commotion around price instability and ecosystem collapses in crypto, South Korea doubled down on the metaverse’s potential as a new economic growth engine. South Korea’s Ministry of Science and ICT announced investments in a fund dedicated to driving metaverse initiatives in the country. According to the official announcement, [...]

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China announces plans for new national financial regulator

The new administration will replace the current banking and insurance watchdog, which coincides with a more extensive government overhaul.

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G20 Discusses Crypto Regulations Under India Presidency

G20 members reviewed technological advancements and dangers during the FMCBG conference on Feb. 24–25. (Read More)

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Coordinated global crypto policies: G20 key financial stability priority

India's finance minister called for a coordinated effort “for building and understanding of the macro-financial implications,” which could be used to build global crypto reforms.

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Education is key to financial freedom, says Bitcoin advocate Najah Roberts

The Agenda podcast discusses the importance of financial literacy and education in Part 2 of a conversation with BTC advocate and entrepreneur Najah Roberts.

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Australian crypto executives urge caution on regulation

Crypto CEOs warn against classifying all digital assets as financial instruments. Assistant Treasurer Stephen Jones said he was "not that enticed" to creating new rules for a financial product. According to the Sydney Morning Herald, Australian financial authorities support recognising all crypto assets as financial products (SMH). SMH editor-in-chief David Jones argues the FTX crash proves crypto regulation is needed. (Read More)

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The Federal Home Loan Banks System is lending to cryptocurrency

The FHLB is lending billions to two of the top bitcoin banks. According to WSJ, FHLB loans might minimise cryptomarket outflows. (Read More)

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Decentralized forex will reduce cost by as much as 80%: Report

The researchers compared the average cost of remittances according to World Bank data with estimated costs of trading USDC and EUROC stablecoins at Uniswap.

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Tokenized government bonds free up liquidity in traditional financial systems

There are a number of benefits associated with tokenized government bonds, yet adoption may take time.

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Almost everything could be tokenized in 5-10 years — Matrixport co-founder

Cost efficiencies, improved liquidity, 24/7 market access, and the removal of intermediaries were the main advantages' cited which blockchain infrastructure has over current legacy systems.

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