UAE-led operation identifies $39 billion in fraudulent funds and cryptocurrency
Operation Confrontation Ghost, a multinational law enforcement effort led by the United Arab Emirates, has identified more than $39 billion in funds and cryptocurrency linked to fraudulent networks.
The operation resulted in more than 960 arrests and raids on 29 fraud centers. Participating countries are now working to recover the assets following the crackdown.
Sweden’s Riksbank reignites debate over the e-krona amid pressure from stablecoins and the digital euro
Sweden’s central bank, the Riksbank, has renewed its push to create a central bank digital currency, viewing the e-krona as essential to maintaining national control over payments and monetary policy as stablecoins and the European Central Bank’s digital euro project advance.
The Riksbank sees the e-krona as a safeguard against growing reliance on private digital payment systems and foreign-issued digital currencies. Without a state-backed digital alternative, Swedish monetary sovereignty over retail payments could increasingly be constrained by instruments outside the central bank’s direct oversight.
Sweden has been one of the world’s most cashless societies, making its CBDC debate particularly important. The Riksbank has explored e-krona concepts since 2017, but the renewed debate points to a new sense of urgency as the digital euro approaches a possible issuance decision and stablecoin adoption continues to expand across Europe.
#CBDC #Europe #Dubái #crypto #banco $BTC
Operation Confrontation Ghost, a multinational law enforcement effort led by the United Arab Emirates, has identified more than $39 billion in funds and cryptocurrency linked to fraudulent networks.
The operation resulted in more than 960 arrests and raids on 29 fraud centers. Participating countries are now working to recover the assets following the crackdown.
Sweden’s Riksbank reignites debate over the e-krona amid pressure from stablecoins and the digital euro
Sweden’s central bank, the Riksbank, has renewed its push to create a central bank digital currency, viewing the e-krona as essential to maintaining national control over payments and monetary policy as stablecoins and the European Central Bank’s digital euro project advance.
The Riksbank sees the e-krona as a safeguard against growing reliance on private digital payment systems and foreign-issued digital currencies. Without a state-backed digital alternative, Swedish monetary sovereignty over retail payments could increasingly be constrained by instruments outside the central bank’s direct oversight.
Sweden has been one of the world’s most cashless societies, making its CBDC debate particularly important. The Riksbank has explored e-krona concepts since 2017, but the renewed debate points to a new sense of urgency as the digital euro approaches a possible issuance decision and stablecoin adoption continues to expand across Europe.
#CBDC #Europe #Dubái #crypto #banco $BTC
