Russia holds rate at 14%, raises inflation forecast
The Bank of Russia held its key rate at 14% on October 23. Production disruptions and high inflation expectations led it to plan a longer period of tight monetary policy.
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Coral Springs bans publicly accessible crypto ATMs
The Florida city’s commission unanimously banned public crypto ATMs, citing local fraud losses. Police Chief Brad Mock said losses were approaching $350,000. Operators face different removal deadlines depending on when their placement contracts were signed.
Türkiye cuts policy rate to 36%
Türkiye’s central bank lowered its policy rate for the first time since January. The committee cited slowing underlying inflation and repeated its warning about elevated energy prices. It will decide the size and timing of further steps at each meeting.
Coinbase Ireland faces €3.25 million safeguarding fine
Coinbase Ireland admitted breaches involving customer fund protection and oversight of services outsourced to its US group. The sanctions it accepted will be submitted to Ireland’s High Court for confirmation.
RBI minutes reveal split over tightening signal
Minutes released on October 21 explain why India’s monetary policymakers supported the October 7 rate increase. Nagesh Kumar and Ram Singh voted for the hike but opposed changing the policy stance from neutral to calibrated tightening.
AIFC court restricts Coinbase and five crypto platforms
The Astana International Financial Centre Court in Kazakhstan barred six platforms from providing unlicensed services and distributing related apps within its jurisdiction. AFSA disclosed the September orders on October 20. The order becomes binding on Google and Apple once they are formally served.
Revolut outage disrupts cards, transfers and crypto services
Revolut’s UK status page lists partial disruption across services ranging from card payments to crypto. Google Cloud also suffered a power incident in its London region that morning; Revolut has not provided a firm recovery time.
Google adds CMA licence to UAE crypto advertising rules
Google is updating the advertising conditions for crypto companies seeking to reach users in the UAE. Licensing has been required since 2025, and companies must also obtain Google’s crypto advertising certification.
Revolut receives Gibraltar crypto licence
Revolut has secured DLT permission for a new Gibraltar entity supporting its international crypto business. Gibraltar residents can also open accounts in its payments app again.
Some Iraqi exchange firms can resume dollar sales to travelers
The firms’ return to dollar sales follows verification that they met compliance requirements. A separate central bank decision reduces the frequency of travelers’ cash dollar allocations to once every two months.
French MPs back tax on crypto-to-stablecoin swaps
An amendment to the 2027 budget would trigger taxation when crypto gains are converted into qualifying stablecoins and change how acquisition costs are calculated. The government opposed it.
India’s forex reserves fall $8.58 billion in a week
India’s reserves fell to $726.027 billion, according to data released by the Reserve Bank of India on October 16. The weekly declines reported in its last two releases total $21.53 billion.
Crypto funds shed $434 million so far this week
CoinShares assessed withdrawals from global digital asset investment products alongside US inflation and spending figures. The total covers the week up to the report’s publication.
Judge rejects Gemini and CFTC bid to undo settlement
The CFTC backed Gemini after concluding it would not bring the case under its current standards. Judge Hellerstein found that a change in the agency’s policies did not justify reopening the judgment.
Australia opens consultation on crypto tax reporting draft
Treasury is proposing rules for both international crypto tax information sharing and reports on Australian users’ transactions. The domestic regime would cover custody and transfer services as well as exchanges.
Cipher Digital prices $850 million in zero-coupon notes
The data center developer also plans to exchange some of its older debt for shares. The new offering is scheduled to close on October 16, subject to closing conditions.
South Korea targets KuCoin, MEXC and 25 other crypto sites
Website restrictions extend measures already imposed through Google and Apple’s app stores. The FIU says unregistered operations can face blocking before customer losses or a court ruling are established.
RBA minutes: Oil and AI investment drove rate decision
The Reserve Bank of Australia saw higher oil prices, AI investment and limited spare capacity as threats to its inflation outlook. Members chose a September rate rise despite a weakening housing market.
US approves emergency exchange of up to 4m oil barrels
The US is turning to its strategic reserve to ease oil supply disruptions caused by Hurricane Isaias. ExxonMobil and BP America must return more crude than they borrow.
Türkiye’s central bank revokes Parakolay’s e-money licence
The October 7 decision has been published in the Official Gazette. Parakolay’s website still carries an older notice about a partial suspension of its services.