ChainCatcher news, according to a report by Reuters, Jan Kubicek, a member of the Czech National Bank (CNB) board, holds a "skeptical attitude" towards incorporating Bitcoin into the bank's large reserve assets, primarily due to concerns about its legal uncertainty and the volatility of digital currencies. Earlier this year, CNB Governor Ales Michl proposed considering Bitcoin, and the bank has begun analyzing the possibility of expanding the asset classes in its reserve investment portfolio. However, CNB Vice Governor Eva Zamrazilova has stated that Bitcoin is not a suitable reserve asset.In an interview on Tuesday, Kubicek stated, "We will evaluate different categories of assets, and Bitcoin is just one of them. I have a fairly skeptical attitude towards Bitcoin." He pointed out that the legal status of Bitcoin is an issue, as directly holding Bitcoin would mean developing many new processes in areas such as accounting or auditing. He also mentioned that volatility is another concern, making it difficult to assess market price trends. He said, "We cannot be sure whether the volatility of Bitcoin in the coming years will resemble the patterns observed in the past decade, because I doubt that if more institutional investors accept Bitcoin as an investment asset, its performance will be different from what we have seen so far."Kubicek indicated that the bank's research on new asset classes may be completed before October, and this research could explore the possibility of holding international corporate bonds, as well as investing in more targeted stock indices (such as technology) and real estate investment funds.

ChainCatcher news, according to Jinshi reports, ECB Executive Board member Schnabel hinted that rate setters may have nearly completed the interest rate cuts in the eurozone.He warned that as interest rates decline significantly, inflation risks are increasingly tilted to the upside. There is a general belief that, given signs of weak economic growth, the ECB Governing Council will cut rates again when it meets in early March. However, the hawkish Schnabel stated that the ECB should now begin discussing "whether to pause or stop" the rate cuts. This statement highlights the growing tension within the ECB regarding the economic outlook and marks the strongest indication so far that some of the 26 members of the ECB Governing Council believe they may soon need to slow down the pace of rate cuts or even stop them altogether.

ChainCatcher news, according to Jinshi reports, South Korean central bank officials stated that they are prepared to take sufficient measures to stabilize the market if necessary, and will release information after the meeting.

ChainCatcher news, according to Cointelegraph, European Central Bank Executive Board member Piero Cipollone proposed the concept of a European ledger, a unified European digital asset ledger to centralize digital assets and funds in Europe, thereby improving efficiency and synergy. He stated that Europe’s traditional capital markets are fragmented and need to overcome inconsistent legislation, but there is an opportunity to create a unified platform for digital assets. He referred to this platform as the Digital Capital Markets Union.Cipollone noted that over 60% of banks in the EU are exploring or experimenting with Distributed Ledger Technology (DLT), and another 22% are already using it. He stated at a seminar hosted by the German central bank that while DLT offers an opportunity to create financial integration, it does not guarantee it. On the contrary: "The non-interoperable technological ecosystems of each country or region, shaped by different regulatory regimes, create isolated liquidity pools of assets, further exacerbating fragmentation."

ChainCatcher news, officials from three major central banks hinted on Friday that they will firmly lower or continue to lower interest rates in the coming months, marking the end of the high borrowing cost era as the global economy emerges from post-pandemic inflation control. Federal Reserve Chairman Powell stated at the Jackson Hole meeting, "It's time for policy adjustments." He almost committed to a rate cut at the Fed's meeting in September. The determination of the start date for rate cuts, along with many large central banks around the world working in the same direction, has alleviated some of the investors' anxiety.Following the landmark rate cut in June, several members of the European Central Bank—Finnish Central Bank Governor Rehn, Latvian Central Bank Governor Kazaks, Croatian Central Bank Governor Vujcic, and Portuguese Central Bank Governor Centeno—expressed their support for another rate cut next month. Bank of England Governor Bailey indicated in a prepared speech that the risks of persistent inflation are diminishing, suggesting an openness to further rate cuts. However, Powell and other Fed officials did not provide much guidance on how quickly they plan to continue lowering rates in the coming months. KPMG Chief Economist Diane Swonk said, "It's all about selectivity and how they adjust their 'descent'." "This speech clearly indicates that the labor market is now their top priority."

ChainCatcher news, according to Coin Edition, senior official Olubukola Akinwummi of the Central Bank of Nigeria (CBN) testified at a court hearing in Abuja that Binance is operating in the country without a license.During the prosecution's questioning led by EFCC advisor Ekele Iheanacho, Akinwummi stated that the CBN has not issued any licenses to Binance. "Binance provides a platform for traders to transact between the naira and cryptocurrencies, as well as to make payments between one cryptocurrency and another... They also facilitate conversions between two fiat currencies... This service requires authorization from the central bank, either as an authorized dealer or as a currency exchange."Additionally, Binance executive Tigran Gambaryan is facing money laundering charges. He was arrested by Nigerian authorities in February 2024 and later released due to deteriorating health. During a previous hearing, he fell ill in court and was diagnosed with malaria. This prompted U.S. politicians to lobby President Biden for Gambaryan's release.Judge Emeka Nwite accused the prosecution and prison officials of delaying the trial, further escalating tensions. He ordered them to submit a medical report before the next hearing (scheduled for July 16). However, prison officials insisted that Gambaryan's health condition is not serious.

ChainCatcher news, an official from the Reserve Bank of India stated to local media that it will continue to take a reserved attitude towards incorporating cryptocurrency into the country's economic framework, and believes that including it as a regulated financial instrument will not bring "benefits" to the economy. The Indian central bank official further stated that cryptocurrencies, due to their inherent volatility and speculative nature, are more akin to high-risk gambling products, a view that aligns with the global skepticism towards the adoption of cryptocurrencies in mainstream finance.It is reported that the Reserve Bank of India's stance is an important consideration for the Indian government in formulating digital currency policy.