China may shift from US Treasurys toward gold, crypto — BlackRock exec

Central banks, particularly China, may start to shift away from US Treasurys, exploring alternatives such as gold and Bitcoin, according to Jay Jacobs, BlackRock’s head of thematics and active ETFs. In a recent interview with CNBC, Jacobs said that geopolitical tensions and rising global uncertainty are accelerating diversification strategies among central banks. He pointed to…

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Federal Reserve relaxes crypto partnership rules for banks

The US Federal Reserve confirmed that it rescinded earlier directives concerning banks’ involvement with crypto and dollar tokens, according to an April 24 statement. One significant change involves the 2022 supervisory letter, which required banks to notify regulators before engaging in any crypto activities. Going forward, banks will no longer need to provide advance notification….

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