FameEX Morning Crypto News Recap | June 29, 2023

Blackrock's Influence Unveiled: Google Trends Data Shows Surge in Bitcoin Interest
Google Trends data for the past month indicates a significant rise in interest for "bitcoin," reaching a perfect score of 100 on June 21, 2023. The surge can be attributed to factors like increased focus on Blackrock's exchange-traded fund (ETF) and other news related to bitcoin.

Swiss Central Bank Chairman Thomas Jordan Unveils Upcoming Launch of Wholesale CBDC
The Swiss National Bank (SNB) plans to test a wholesale central bank digital currency (CBDC) in collaboration with SIX Digital Exchange. SNB Chairman Thomas Jordan expressed caution about retail CBDCs but did not rule them out entirely. The pilot project aims to explore the potential of CBDCs in Switzerland's financial infrastructure.

Dubai Regulatory Authority Discloses Fee Structure for Virtual Asset-Related Operations
Dubai's Virtual Asset Regulatory Authority (VARA) has unveiled a comprehensive fee schedule covering various services, including issuing no-objection certificates, amending or withdrawing license applications, and submitting whitepapers for review. VARA has also outlined a withdrawal fee of $3,670 for licensed entities opting to exit Dubai completely.

Shanghai Clearing House Introduces Digital Yuan Settlement Assistance
Asia's top counterparty clearing institution, the Shanghai Clearing House, has announced its support for digital yuan payments. This significant step allows businesses to engage in large-scale commodity transactions while advancing the global presence of the Chinese central bank's digital currency, the digital yuan.

Italy's Central Bank Advocates Framework to Safeguard Against Volatile Stablecoin Incidents
Italy's Bank of Italy is advocating for heightened regulatory scrutiny of stablecoins, citing their inherent instability. The country's leading banking authority emphasizes the necessity of a robust and risk-focused regulatory framework to avert potential crises, including the possibility of a stablecoin run.

RBI Raises Concerns About Stablecoin Risks in Developing Economies, Calls for Global Regulatory Framework
The RBI has outlined six specific risks that stablecoins pose to emerging markets, reinforcing its stance against cryptocurrencies. Emphasizing support for central bank digital currencies (CBDCs), the RBI has initiated pilot projects for the digital rupee and partnered with the UAE's Central Bank to explore CBDC bridges for facilitating trade and remittances.

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