The Central Bank of Montenegro (CBCG) has agreed to collaborate with the enterprise crypto and blockchain solutions provider Ripple „to develop a strategy and pilot program to launch the country’s first digital currency in the form of a Central Bank Digital Currency (CBDC) or national stable coin” – according to the press release.
The banking sector’s brief role in crypto markets has hit a serious roadblock following the dramatic downfall of two highly specialized tech banks, Silvergate and Signature Bank. As Crypto’s market penetration has grown to 29% globally, the fallout from the failure of supportive institutions will be widely felt, according to GlobalData, a leading data and analytics company.
Instagram will delete digital collection data in its system and will no longer be associated with third-party digital wallets.
Facebook and Instagram, the social media giants owned by Meta, have announced that they will be pulling the plug on digital collectibles or non-fungible tokens (NFTs) from April 11, 2023.
A study by European cryptocurrency tax calculator Divly estimated that just 0.53% of cryptocurrency investors declared their cryptocurrency activity to their local tax authorities in 2022. However, „tax payment rates varied significantly by country, with Finland boasting the highest rate at 4.09% and the Philippines registering the lowest at 0.03%” – according to the press release. The subject of the crypto tax payments will be discussed at Banking 4.0 international conference.
On April 6th, National Bank of Romania held a conference with a subject never discussed before: cryptocurrencies. The theme proposed by the organizer was „Bitcoin versus Central Bank Digital Currency: The most important economic decision nations have ever faced”.
Today, Revolut enables the investment in Crypto Collections, for the UK and EEA customers, a new way to experience and trade tokens. Crypto Collections make cryptocurrency exploration, understanding, and tracking easier, and allow multiple currencies trade with a single tap.
All that means evidence on paper is a thing of the past. This industry decreases by about 10% every year. Someone has to take the place. Let the NFT take it!” says Valentin Stefan, General Manager of Posta Roman
By launching the “Hood Heroes” collection, the foundations of an ecosystem are laid where fans become partners of artists, by distributing royalties to NFT holders.
The European Banking Federation (EBF) has published a vision paper on a Digital Euro Ecosystem. The EBF sets forth its perspective on the digital money ecosystem of the future, where a retail digital euro, a wholesale CBDC and bank-issued money tokens could all play a role in enabling innovation, supporting customer needs and ensuring that Europe stays at the forefront of digital finance and the digital economy.
European savings and retail banks have questioned the business case for a digital euro, raising concerns about the unintended consequences for balance sheet deposits and the roll out of competing instant payments products. The subject of the digital euro will be analyzed at Banking 4.0 international conference.
