Global #Central Bank

On November 20, Li Hua Yi, founder of Liquid Capital, expressed a highly optimistic outlook for the cryptocurrency market, projecting Bitcoin to reach $1 million and Ethereum to expand tenfold.

The Executive Yuan (Taiwan's Cabinet) and the Central Bank have announced an initiative to study and pilot the inclusion of Bitcoin in their strategic financial reserves.

The Russian government, through its Ministry of Finance and Central Bank, has reached a landmark agreement to officially permit the use of cryptocurrencies for foreign trade transactions.

The Russian government has announced the legalization of cryptocurrency for settling international trade deals, a strategic move designed to counter the impact of Western economic sanctions.

Russia's Central Bank is actively considering the use of tokenization solutions to enable foreign buyers to access shares in Russian companies

The Russian Central Bank has announced it will conduct a "large-scale audit" of the nation's cryptocurrency holdings and transactions in early 2026.

Brazil's Central Bank has announced that it will officially begin regulating Virtual Asset Service Providers (VASPs) in 2026.

As Bolivia grapples with its worst economic crisis in decades, a growing number of citizens are turning to digital assets like Bitcoin and Tether (USDT) to escape rampant inflation and a severe shortage of U.S. dollars.

In a landmark move for South Korea’s financial and digital asset sectors, eight major domestic banks are preparing to launch a joint stablecoin project pegged to the Korean Won (KRW), according to a recent report from Economic Review.

Bitcoin (BTC) adoption in Argentina could take a significant leap forward if a new proposal from lawmaker Martín Yeza gains traction.

At the Second Gulf Investment Forum held in Bahrain on November 3, 2024, Binance founder Changpeng Zhao (CZ) announced significant strides in the kingdom's evolving relationship with cryptocurrencies.

Recent reports indicate that the Central Bank of the UAE has given the green light to a new regulation governing the licensing and supervision of stablecoins. Additionally, a set of policies to bolster the banking, insurance, and financial services sectors has been approved.