FameEX Morning Crypto News Recap | July 28, 2023

Robert Kiyosaki Emphasizes Looming End of US Dollar Ahead of BRICS Summit; 41 Nations Pave the Way for Global De-Dollarization
Renowned author Robert Kiyosaki reiterates his worry about the US dollar's impending collapse with the approaching BRICS summit. He anticipates the economic bloc's launch of a new currency and about 41 nations embracing de-dollarization to join BRICS.

ECB Takes Action: Interest Rate Boost Addressing Inflation Concerns
The ECB increased benchmark bank rates by 25 basis points, acknowledging lower but lingering inflation. President Christine Lagarde stated the central bank had no intention of implementing rate cuts despite inquiries.

BTC Investment for His Children: Robert Kennedy Jr Sees Bitcoin as a Threat to Monetary Monopoly
Robert F. Kennedy Jr., a Democratic U.S. presidential contender, revealed his acquisition of 14 bitcoins for his children in a Twitter Spaces event. This announcement came after financial documents filed on June 30, 2023, confirmed his ownership of the significant cryptocurrency.

Russia's Digital Ruble Transactions with Real Users to Commence in August
High-ranking executive confirms banks participating in digital ruble pilot will begin real client transaction testing in mid-August. Trials follow Russia's recent adoption of legislation dedicated to implementing the new digital currency.

Nigerian Central Bank Implements Enhanced CBDC Model to Enhance Volumes and Wallet Activity
The Nigerian central bank is updating its digital currency model to boost wallet holders and activity. The acting governor prioritizes improving forex market efficiency due to high foreign exchange demand.

Leading South Korean Crypto Exchanges Reveal Strategies for Combating Illicit Activities
The South Korean Financial Services Commission (FSC) met with the five major cryptocurrency exchanges, Upbit, Bithumb, Coinone, Korbit, and Gopax, to boost regulatory compliance. In response, the exchanges have implemented compliance systems to monitor and prevent illegal activities within the virtual asset sphere, as stated by the FSC.

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