FameEX Morning Crypto News Recap | July 21, 2023

Tesla's Bitcoin Holdings Continue to Hold Firm at $184M in Q2 2023: Quarterly Update
Tesla's Q2 2023 Update revealed no sales of bitcoin or cryptocurrency holdings, maintaining a consistent digital asset portfolio valued at approximately $184 million for the third successive quarter.

Potential Risks to Dollar Dominance: JPMorgan Warns of Political Instability and US-China Tensions
JPMorgan warns of rising US-China tensions and political instability endangering the U.S. dollar's global dominance. Strategists predict a possible trend of "partial de-dollarization," leading to a greater role for the Chinese yuan in the global trade landscape.

Kuwait's Capital Markets Authority Affirms Continuing Prohibition on Crypto Assets
Kuwait's Capital Markets Authority reaffirms the complete ban on virtual currencies and mining within the country. Businesses are advised to educate customers about the risks of dealing with crypto assets allowed elsewhere but prohibited in Kuwait.

The central banks of Egypt and Nigeria enhance cross-border regulation through a newly signed agreement
Egyptian and Nigerian central banks join forces through a fintech agreement to bolster cross-border regulatory collaboration and information exchange. The London Institute of Banking & Finance, a participant in the agreement, will offer training programs and workshops to enhance the expertise of fintech leaders in Egypt.

Federal Reserve Introduces FedNow, Enlists JPMorgan, Wells Fargo, and 33 More Banks for Instant Payments
FedNow Service by the Federal Reserve is operational, engaging 35 banks, credit unions, and 16 service providers. The U.S. central bank emphasizes its commitment to cooperate with over 9,000 banks and credit unions across the country, ensuring broad customer access to the instant payment service in the coming days.

'Historic' BRICS Summit to Exclude Putin's Physical Presence
Vladimir Putin's absence from the August BRICS summit in Johannesburg will be filled by Foreign Minister Sergey Lavrov, representing Moscow. Putin's participation will be through a confirmed virtual presence via video link, as stated 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.