News in short: September 17

NFTuloan News gives you an overview of the global crypto ecosystem in 5 news in short.

News in short: September 17

The European Central Bank (ECB) announced that it will collaborate with five companies to develop possible user interfaces for the digital euro: CaixaBank and Worldline will work on online payments between individuals, EPI and NEXI on payer-initiated point-of-sale payments, and Amazon on e-commerce payments. The objective of this prototyping exercise is to test the degree of integration of a digital euro technology with the prototypes developed by the companies. It is scheduled to end in the first quarter of 2023, when the ECB will also publish its results.

china court

A Chinese intermediate court based in Beijing upheld a lower court’s ruling that cryptocurrencies are virtual property protected by law. The court clarified that regulations issued by the Bank of China and others only prohibit the circulation of virtual currency.


Varus, a major Ukrainian supermarket chain, partnered with Binance to offer cryptocurrency payments in its stores. Customers will now be able to order food online and pay the bill through a Binance Pay wallet.

hsbc ceo

Noel Quinn, CEO of HSBC, stated that the bank will not offer crypto services. Noting that the bank does not have a favorable view on cryptocurrencies than other banks, Quinn stressed, “I am concerned about the sustainability of crypto valuations.”

joe biden

U.S. President Joe Biden on Friday approved an executive order on cryptocurrencies, which is titled “Ensuring the Responsible Development of Digital Assets.” The federal agencies presented a joint fact sheet on six main directions for regulation in the U.S. Joe Biden’s administration has previously pushed for greater control and increased laws on cryptocurrencies due to the growing popularity of digital assets.


By John Nook

John was born in Houston but lived most of his life in Milan. He has a degree in political science. He is a journalist, blogger, writer, and marketing and digital advertising expert. After a long experience in traditional marketing, he started working with the web and digital advertising in 2001. Passionate about the web and innovation, in 2008 he started exploring the topics related to blockchain technology and cryptocurrencies. Independent cryptocurrency trader since March 2012, he now collaborates with companies in the sector as a content marketing specialist.