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FameEX Morning Crypto News Recap | July 28, 2023

2023-07-28 12:08:50

Robert Kiyosaki Stresses Impending Demise of US Dollar as BRICS Summit Approaches; 41 Nations Set to De-Dollarize Global Economy
Renowned author Robert Kiyosaki reaffirms his concern over the US dollar's imminent collapse as the BRICS summit nears. He foresees the economic bloc introducing a new currency and approximately 41 nations joining the de-dollarization movement in their pursuit to become part of BRICS.

ECB Responds to Inflation Concerns with Interest Rate Boost
The European Central Bank (ECB) raised benchmark bank rates by 25 basis points, acknowledging that inflation had decreased but remained persistently high. ECB president Christine Lagarde, when questioned about rate cuts, asserted that the central bank had no plans for reductions.

Robert Kennedy Jr Invests in BTC for His Children, Believes Bitcoin Poses a Challenge to Monetary Monopoly
Democratic U.S. presidential contender Robert F. Kennedy Jr. disclosed purchasing 14 bitcoins for his children during a Twitter Spaces event. This news followed the filing of financial documents on June 30, 2023, confirming his ownership of the prominent cryptocurrency.

Russia Set to Introduce Digital Ruble Transactions with Real Users in August
In mid-August, banks involved in the digital ruble pilot program will initiate transaction testing with real clients, as stated by a high-ranking executive from one of the financial institutions. These trials follow Russia's recent adoption of specialized legislation for the implementation of its new digital currency.

Nigerian Central Bank Introduces Amended CBDC Model to Boost Volumes and Wallet Activity
The Nigerian central bank is modifying its central bank digital currency model, aiming for a surge in wallet holders' volume and activity. The acting governor also emphasizes efforts to enhance the efficiency of the forex market amid high foreign exchange demand.

South Korean Top 5 Crypto Exchanges Unveil Compliance Plans to Tackle Illicit Activities
The South Korean Financial Services Commission (FSC) held a meeting with top five cryptocurrency exchanges to enhance regulatory compliance. Upbit, Bithumb, Coinone, Korbit, and Gopax have developed compliance systems to monitor and curb illegal activities in the virtual asset space, as per the FSC's statement.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.

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