Daily Crypto News 2 September

Charles Hoskinson, Cardano founder, predicts Afghans will use crypto assets as a stockpile of valuables and to preserve financial independence amid a dramatic Taliban insurgency, Cointelegraph reported. But he also believes the Taliban will accept digital assets. Analysts say Afghanistan could face a crisis, and the use of digital assets could provide security against inflation.

Coindesk issued a statement from Gensler saying the crypto market would not stay out of the regulatory framework for long. Also, the US cryptocurrency market may face difficulties outside the country's regulatory framework. According to Gensler, cryptocurrency trading platforms must be registered with the SEC, as a number of cryptocurrencies can be considered securities.

The central banks of Australia, Singapore, Malaysia and South Africa have announced a joint initiative to test international settlements using central bank digital currencies (CBDCs), Cointelegraph reported. Named “Project Dunbar”, the initiative will allow platforms to make direct transfers between institutions using digital currencies. The Dunbar project will be implemented in partnership with the Innovation Center of the Bank for International Settlements (BIS) from its Singapore Center. The project will also work with many partners to be able to develop different DLT platforms and study different projects.