FameEX Morning Crypto News Recap | July 21, 2023

Tesla's Bitcoin Holdings Maintain Steady Value of $184M Throughout Q2 2023: Quarterly Report
In its Q2 2023 Update, Tesla disclosed that it did not sell any of its bitcoin or cryptocurrency holdings, keeping its digital asset portfolio stable at around $184 million for the third consecutive quarter.

JPMorgan Cautions: Political Instability and US-China Tensions Pose Risks to Dollar Dominance
JPMorgan's cautionary message highlights the threats to the U.S. dollar's global dominance due to rising tensions between the United States and China, coupled with political instability. The bank's strategists foresee a potential shift towards "partial de-dollarization," with the Chinese yuan gaining increased importance in the global trade landscape.

Kuwait's Capital Markets Authority Reiterates Ban on Crypto Assets
The Capital Markets Authority of Kuwait issued a circular restating its strict prohibition on virtual currencies and mining activities within the country. Businesses are urged to inform customers about the risks associated with dealing in crypto assets not banned outside of Kuwait.

Egyptian and Nigerian Central Banks Strengthen Cross-Border Regulation with New Agreement
Egyptian and Nigerian central banks sign a fintech agreement aimed at strengthening cross-border regulatory collaboration and information sharing. The London Institute of Banking & Finance, involved in the agreement, will provide training programs and workshops to enhance the skills of fintech leaders in Egypt.

Federal Reserve Unveils FedNow for Instant Payments, Enlisting JPMorgan, Wells Fargo, and 33 Other Banks
The Federal Reserve's FedNow Service for instant payments is now active, with 35 banks and credit unions, along with 16 service providers, participating in the launch. The U.S. central bank has expressed its commitment to collaborating with over 9,000 banks and credit unions nationwide to ensure widespread access to the service for their customers in the future.

'Historic' BRICS Summit to Proceed Without In-Person Attendance by Putin
Russian President Vladimir Putin will not attend the August BRICS summit in Johannesburg, with Foreign Minister Sergey Lavrov representing Moscow instead. Putin will participate virtually through video link, as confirmed by the Kremlin.

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