The governor of the Bank of Italy, Fabio Panetta, argues that a digital euro is crucial for managing the risks associated with increasing crypto adoption, suggesting that regulatory frameworks like MiCA alone are insufficient.
Tag: Policy
RBI to Enhance Digital Rupee with Offline Capabilities: A Game Changer?
The Reserve Bank of India is expanding digital rupee pilots with new offline and programmable features, as digital payments in India grow sharply in 2024–2025. What does this mean for the future of digital finance in the region?
Bybit Secures MiCA License in Austria: A Strategic Move for European Expansion
Bybit has obtained a MiCA license in Austria, paving the way for expansion across the European Economic Area. This strategic move allows Bybit to operate as a regulated crypto asset service provider (CASP) and solidify its presence in the European market.
Kazakhstan to Launch “CryptoCity”: A Bold Move Towards Crypto Adoption
Kazakhstan’s President Tokayev announced the launch of “CryptoCity,” a pilot zone allowing cryptocurrency payments for goods and services, signaling a significant step towards mainstream crypto adoption within a regulated environment.
Russia Greenlights Crypto Products for Accredited Investors: A Step Towards Wider Adoption?
The Bank of Russia is now allowing financial institutions to offer specific crypto-based financial instruments to accredited investors, signaling a potential shift in its approach to digital assets.