Eurosystem is looking for providers of payment solutions for the digital euro

Cryptocurrency News

The Eurozone Monetary Authority Eurosystem invites payment service providers and banks to participate in the competition of solution providers for payments in the national digital currency. Eurosystem is looking for developers of payment solutions for the digital euro. The request specifies that the prototype proposed by the developers should test the digital euro transaction path on a backend developed by regulators. And also to test the processing and completion of the CBDC transaction in the…

Indian crypto exchanges will store user data for five years

Cryptocurrency News

India’s Ministry of Information Technology has issued a directive that requires cryptocurrency exchanges, data centers and VPN providers to store user data for five years. The directive, which will come into force on June 22, should help the country’s authorities to more effectively combat cybercrime. Cryptocurrency exchanges in India will store customer names, ownership, contact information and other user data. In addition, exchanges and VPN providers will be required to report any out-of-band incident to…

Bloomberg: G7 countries are tightening their monetary policy

Cryptocurrency News

Analysts at Bloomberg reported that the central banks of the G7 countries are reducing their balance sheets and raising interest rates to prevent inflation from rising. As Bloomberg analysts note in the report, the G7 countries are tightening their monetary policy – central banks are reducing their balance sheets and raising interest rates. By the end of the year, the G7 countries will reduce their balance sheets by about $410 billion, experts say. Banks added…

Hawaii Advocates Dedicated Task Force to Regulate Cryptocurrencies

Cryptocurrency News

The Commerce and Consumer Protection Committee (CPN) and the Ways and Means Committee (WAM) of the State of Hawaii have approved the creation of a specialized task force to study and regulate digital currencies. According to the announcement, a task force will be set up at the Ministry of Budget and Finance to analyze and collect data on cryptocurrencies and blockchain. In the future, the group will be required to present research findings and draft…