Daily Crypto News 19 August

Cointelegraph reported that the central bank of El Salvador, Banco Central de Reserva (BCR) has published draft regulations on how banks should handle Bitcoin. Two documents were released, one entitled "Guidelines for Enabling the Operation of the Bitcoin and Dollar Digital Portfolio Platform" and the other "Technical Standards for Facilitating the Implementation of the Bitcoin Law"


DeFi

Impossible Finance, the decentralized finance incubator (DeFi), raised $ 7 million in June, Coindesk reported. Called OpenSwap, it provides DeFi traders with access to multiple blockchain liquidity pools. In June, the initial round of funding was led by institutional investors, including CMS Holdings and Alameda Research.

Cointelegraph reported that Ukraine has revealed a possible case of early use of the country's planned central bank digital currency (CBDC). This was stated by Mikhail Federov, Deputy Prime Minister and the head of the country’s Ministry of Digital Transformation. He shared CBDC testing by using electronic currency to pay staff salaries.