BitcoinPlace: Bitcoin and Crypto news all in one place

Bitcoin.com: Fed’s Outgoing Vice Chair Richard Clarida’s ‘Rebalancing’ Trades Ignite Fed Trading Ethics Scandal

Members of the U.S. Federal Reserve are getting criticized this week after the central bank published its minutes report from the policy meeting on December 14-15. Following the update, the outgoing vice chair of the Federal Reserve’s trading activities has reignited ethics conversations. Richard Clarida’s Trades Under Scrutiny The U.S. central bank can shake up

CoinDesk: India’s Central Bank Creates FinTech Department as Challenges Posed by Crypto, CBDC Grow

India’s central bank has created a dedicated department for fintech challenges, which includes a pair at their doorstep: framing cryptocurrency regulations and a Central Bank Digital Currency (CBDC).The move by the Reserve Bank of India (RBI) comes a fortnight after CoinDesk had reported about India’s framing of crypto regulations saying that “while the RBI is adequately staffed with specific departments to discharge these tasks, it still does not have a fintech department, just a division, leaving questions about efficiency and long-term commitment unanswered.”The RBI is working on two types of CBDCs, wholesale and retail, and the new department will now...