Derville Rowland of the Central Bank of Ireland stated that the growing popularity of cryptocurrencies such as Bitcoin is of great concern and that investors could lose all of their investment as they are highly speculative and unregulated.
CBCD Statement from the China Securities Regulatory Commission Member
Yao Qian of the China Securities Regulatory Commission mentioned that the central bank digital currency (CBCD) can work directly on the Ethereum network, while explaining the key points in the CBCD research and development phase.
Initial Security Token Offering in Singapore
A Singapore-based multinational bank has issued digital bonds worth SGD 15 million (US$ 11.3 million) in its initial security token offering, with a maturity of 6 months and a coupon rate of 0.6%.
Financial Supervisory Service to Inspect Cryptocurrencies in South Korea
In South Korea, the Financial Supervisory Service, one of the country's financial regulators, will lead the government's efforts to oversee the country's expanding cryptocurrency market.
No Ban on Cryptocurrencies in India
After the news that Bitcoin was banned in India in the past, the Reserve Bank of India made it clear that Bitcoin and cryptocurrency exchanges are not banned in its article published on May 31.
Digital Currency Directive from the Central Bank of Brazil
While the Brazilian Central Bank has issued a note showing general guidelines for a hypothetical central bank digital currency design, although no concrete steps have yet been taken in this regard, it seems that this possibility is discussed at the institution with this document.
Bitcoin HODLers Increase
There has been an increase in the number of Bitcoin HODLers. About 221,000 Bitcoins have been accumulated recently, more than $8 billion at current prices.
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