From Norway going almost cashless to Sygnum's Tezos staking services, read today's Top 5 Crypto News
1) In Norway, most of the payments are being settled digitally.
Ida Wolden Bache, Deputy Governor of Norges Bank (Central Bank of Norway) at Finance Norway's Payments Conference said
Only 4% of payments are now made using cash. This share is approximately the same as in spring, and considerably lower than before the pandemic. To our knowledge, the share of cash payments is lower in Norway than in any other country.
This data is based on the Norges Bank's survey. Norway's citizens use Kroner currency issued by Norges Bank and has existed only electronically since 2012.
2) Covid-19 Pandemic has increased attention toward CBDC, Russia.
Elvira Nabiullina, Governor of Bank of Russia in an online meeting of the Central Bank Governors' Club discussed during pandemic use of e-commerce and electronic settlements technologies has increased and he believes this is the time to consider about Central Bank Digital Currency. Other participants in the meeting were 26 central banks of Central Asia, the Black Sea Region, and Balkan Countries. Most of the banks whose governs were attending the meeting have already started working on CBDC.
3) After an increase in crypto regulations, nothing itself about the regulations has changed in all these years believes the CEO of IDEX.
In the past few years regulating bodies all over the world have been coming up with many different crypto regulations but the CEO of IDEX exchange feels crypto regulation hasn't changed. Alex Wearn, CEO and co-founder of decentralized crypto exchange IDEX said
Crypto regulation itself hasn’t really changed the last few years, Instead what we’ve seen is an increase in enforcement actions, and stronger guidance from regulatory bodies I believe we’ll continue to see enforcement actions that help businesses and entrepreneurs understand what types of activities are allowed and what are not.
4) BLOX becomes the first user-focused exchange to get registered in the Netherlands since AMLD5.
After the implementation of the European Union's 5th Anti-Money Laundering Directive (AMLD5), BLOX is the first user-focused exchange to get registered in Netherland. Now, people in the Netherlands can invest in crypto after the registration of the Exchange. This information was announced on the official blog as -
Today, we’re SUPER excited to announce that BLOX is the first consumer-focused cryptocurrency company that will be included in the registry of the Dutch Central Bank.This registration is mandatory in the Netherlands for every company that allows its users to buy, sell, trade and hold cryptocurrencies. Businesses that want to qualify for the registration must comply with anti-money laundering guidelines
5) Sygnum, a Switzerland-based bank will store digital assets with the Taurus Group and will offer stacking services.
Sygnum, a Switzerland-based bank has partnered with the Taurus Group to store crypto. Taurus Group is the same firm that has also worked with SEBA bank and other Swiss fintech services. Sygnum will deploy Taurus’s node system and crypto storage framework. Sygnum is also providing Tezos staking with stake rewards of up to 5% annually. On the bank's official site Martin Burgherr, Sygnum Bank’s Chief Clients Officer said -
With XTZ staking, our clients can access a unique asset which offers staking rewards and enables them to structure their digital asset portfolios in more creative ways. Tezos is the first Proof-of-Stake (PoS) token on Sygnum Bank’s platform, where we are continually expanding our offering to provide more choice for our clients