Russian Ruble Falls by Over 18% in 2023, Economist Says the Currency Has ‘Stabilized’

After the Russian currency touched a year low versus the greenback of nearly 92 units for every dollar, economist Robin Brooks said the ruble has stabilized and may eventually be lifted by rising oil prices. The Institute of International Finance Economist urged G7 countries to consider cutting the Russian oil price cap from $60 to [...]

The post Russian Ruble Falls by Over 18% in 2023, Economist Says the Currency Has ‘Stabilized’ appeared first on Crypto Breaking News.

View Details

UN Secretary-General Says Global Financial System ‘Outdated, Dysfunctional, Unfair’ — Calls for Reform

United Nations Secretary-General Anto´nio Guterres says the current international financial system is “outdated, dysfunctional and unfair.”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 [...]

The post UN Secretary-General Says Global Financial System ‘Outdated, Dysfunctional, Unfair’ — Calls for Reform appeared first on Crypto Breaking News.

View Details

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 [...]

The post Russia Involved in De-Dollarization Talks With the Islamic World to Create Independent Financial System appeared first on Crypto Breaking News.

View Details

President Biden Assets: Debt Deal Will Not Shield Crypto Traders

In a significant announcement on the last day of the G7 summit, President Joe Biden took a firm stance against the protection of "wealthy tax cheats and crypto traders" while potentially jeopardizing food assistance programs. (Read More)

View Details

G7 Will Host a Discussion on Crypto by the Global Financial Regulators

The Group of Seven, or G7, central bank governors and finance ministers are allegedly planning to discuss cryptocurrency legislation. According to a Tuesday report from Reuters, representatives from the United States, Canada, Japan, Germany, France, Italy, and the United Kingdom are expected to speak on issues related to a regulatory framework for cryptocurrencies at a […]

View Details

G7 and EU Impose Fresh Crypto Sanctions on Russia

View Details

Crypto Flipsider News – G7 Outline for CBDC, Polkadot Surges Ahead of Parachain Auctions, ARK Applies for Bitcoin ETF, A16Z Pushes Crypto Policy, U.S. Is Now Biggest Crypto Miner

Read Thursday's breaking news in the daily digest!

Continue reading Crypto Flipsider News – G7 Outline for CBDC, Polkadot Surges Ahead of Parachain Auctions, ARK Applies for Bitcoin ETF, A16Z Pushes Crypto Policy, U.S. Is Now Biggest Crypto Miner at DailyCoin.com.

View Details

G7 leaders issue central bank digital currency guidelines

Financial leaders from the G7 agree that CBDCs would complement cash and should not be detrimental to the monetary system.

View Details

Following The Decade-Long IMF Playbook

Alarmingly, G7 governments appear to be following a playbook designed to cap interest rates and let inflation run hot.

View Details

G7 Set to Release the Guidelines for the Creation of CBDCs

The Group of Seven (G7) industrialized nations are looking forward to accepting the proposals of a draft which seeks to enshrine some set of standards in the creation and issuance of CBDCs. (Read More)

View Details

US Expands ‘Unprecedented Global Sanctions’ on Russia With Over 300 New Targets

The U.S. has imposed new sanctions on Russia “in coordination with the G7 and other international partners.” Among the targets are “the channels Russia uses to acquire critical technology, its future energy extraction capabilities, and Russia’s financial services sector.” U.S. Treasury Secretary Janet Yellen says: “We are also advancing our efforts to cut off Russian [...]

The post US Expands ‘Unprecedented Global Sanctions’ on Russia With Over 300 New Targets appeared first on Crypto Breaking News.

View Details

G7 Nations Discuss Countering China’s ‘Economic Coercion’

The Group of Seven (G7) countries are discussing ways to counter China’s “economic coercion” against other nations, U.S. Treasury Secretary Janet Yellen has shared. Noting that Canada, France, Germany, Italy, Japan, the U.K., and the European Union share similar concerns, she emphasized that any action by the U.S. will be “narrowly scoped and targeted at [...]

The post G7 Nations Discuss Countering China’s ‘Economic Coercion’ appeared first on Crypto Breaking News.

View Details

G7 to Discuss More Crypto Regulation and How to Help Developing Nations Introduce Central Bank Digital Currencies

The G7 countries are discussing more crypto regulation and ways to help developing nations introduce central bank digital currencies (CBDCs). “As a priority of this year, the G7 will consider how best to help developing countries introduce CBDC consistent with appropriate standards, including the G7 public policy principle for retail CBDC,” said Japan’s Vice Minister [...]

The post G7 to Discuss More Crypto Regulation and How to Help Developing Nations Introduce Central Bank Digital Currencies appeared first on Crypto Breaking News.

View Details

US Treasury to Attempt Coercing European Countries Into Implementing Sanctions Against Russia

Officials of the U.S. Treasury Department will travel to Europe this month with the objective of getting more countries to apply punitive actions against Russia. The tour, which includes visits to Switzerland, Italy, and Germany, aims to stop the material support companies in these states provide Russia, threatening to cut trade if they don’t comply. [...]

The post US Treasury to Attempt Coercing European Countries Into Implementing Sanctions Against Russia appeared first on Crypto Breaking News.

View Details