The total capitalization grew to 1.171B dollars and the share of
Although digital instruments managed to slightly restore their positions, they are still under pressure of increased attention from the authorities to the activities of cryptocurrency companies. Recall that earlier, the US Securities and Exchange Commission (SEC) sued the largest exchanges Binance and Coinbase, accusing them of trading in prohibited assets and equating currencies such as Solana, Cardano, and Polygon to securities. Now, the head of the US Federal Reserve, Jerome Powell, as part of a speech before the House Financial Services Committee, said that agency officials should be given a leading role in regulating stablecoins, and, in particular, in approving their issuance in the United States. He noted that he was skeptical about their approval by the state and once again emphasized that tokens are money, therefore they should be controlled more carefully. Meanwhile, USDC issuer Circle is supporting the creation of a new structure in this area, as fin-tech companies, especially payment service providers, currently do not have the possibility of a single registration in the country, instead, they need to go through the corresponding procedures in each state separately. which makes it much more difficult to do business.
Meanwhile, the International Monetary Fund (IMF) will develop a global CBDC platform aimed at ensuring the compatibility and security of payments in external and domestic financial markets. According to the head of the department, Kristalina Georgieva, digital currencies of central banks will not only strengthen the stability and efficiency of national payment systems but also make transactions faster and more economical. She stressed that without a unified system, the leading positions would be occupied by decentralized cryptocurrencies.
This week, it became known that the European financial authorities could not reach a consensus on the definition of the added value of the digital euro eco-environment in terms of the economies of individual countries and the daily lives of citizens. The project will be sent for revision, and the initiatives announced on June 28 on the regulation and methods of using CBDC will be postponed. A similar situation is observed in the US: the lack of clear regulatory mechanisms can cause crypto companies to relocate to friendlier jurisdictions that signify more transparent business rules.
In turn, the Japan Virtual Currency Exchange Association (JVCEA) will send a request for permission to use 10x leverage for individual investors, rather than 1:2, as it is currently, which experts believe will help stimulate trade. According to representatives of the organization, the current restrictions do not allow the market to develop fully, preventing new participants from entering it. Meanwhile, Deutsche Bank AG has applied to the German Federal Financial Supervisory Authority (BaFin) for permission to operate digital asset custody services. David Lynn, head of commercial banking, said this is just one step in the financial giant’s global strategy to increase fee and commission income, including offerings related to cryptocurrencies.
Soon, quotes of digital assets may continue their upward trend.
Meanwhile, the International Monetary Fund (IMF) will develop a global CBDC platform aimed at ensuring the compatibility and security of payments in external and domestic financial markets. According to the head of the department, Kristalina Georgieva, digital currencies of central banks will not only strengthen the stability and efficiency of national payment systems but also make transactions faster and more economical. She stressed that without a unified system, the leading positions would be occupied by decentralized cryptocurrencies.
This week, it became known that the European financial authorities could not reach a consensus on the definition of the added value of the digital euro eco-environment in terms of the economies of individual countries and the daily lives of citizens. The project will be sent for revision, and the initiatives announced on June 28 on the regulation and methods of using CBDC will be postponed. A similar situation is observed in the US: the lack of clear regulatory mechanisms can cause crypto companies to relocate to friendlier jurisdictions that signify more transparent business rules.
In turn, the Japan Virtual Currency Exchange Association (JVCEA) will send a request for permission to use 10x leverage for individual investors, rather than 1:2, as it is currently, which experts believe will help stimulate trade. According to representatives of the organization, the current restrictions do not allow the market to develop fully, preventing new participants from entering it. Meanwhile, Deutsche Bank AG has applied to the German Federal Financial Supervisory Authority (BaFin) for permission to operate digital asset custody services. David Lynn, head of commercial banking, said this is just one step in the financial giant’s global strategy to increase fee and commission income, including offerings related to cryptocurrencies.
Soon, quotes of digital assets may continue their upward trend.
Trade active
Trade closed: target reached
