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The U.S. March unadjusted CPI year-over-year dropped to 2.4%, down from 2.8% last month and below the 2.6% market expectation. While this signals cooling inflation, the market reaction has been muted.
How will this impact the Fed rate cut expectations and the crypto market? Share your thoughts with #CPIDataComing for a chance to win a $50 reward!
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The Central Bank of Russia plans to tighten encryption regulation, opening investment only to high-quality investors.
According to Gate.io News bot, RBC reported that the Governor of the Central Bank of Russia, Elvira Nabiullina, announced a new Crypto Assets regulatory proposal. The proposal aims to strengthen the regulation of Crypto Assets in the domestic Settlement field, clearly stating that Crypto Assets are not allowed to enter the domestic currency circulation and internal Settlement systems.
The Central Bank also plans to implement a tiered management system for investments in Crypto Assets. According to the plan, only high-quality investors are allowed to directly invest in Crypto Assets, while the investment scope for ordinary qualified investors will be limited to the field of Crypto Assets derivatives.