Interbank market news scan as of 12:25 pm AST: Cryptocurrency, central banks, foreign exchange

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Bitcoin investors need to be prepared to “lose all their money,” European Central Bank governing council member Gabriel Makhlouf said, the latest warning from a central banker on the cryptocurrency. Bitcoin (BTC USD) Cryptocurrency Investors May Lose Everything, Banker Warns – Bloomberg

Colombia’s central bank board on Friday decided to maintain the benchmark interest rate at the historic low of 1.75% for a fourth consecutive month in a majority vote during its first meeting of the year. Colombia’s central bank holds interest rate at 1.75% in majority vote | Nasdaq

A Lebanese prosecutor charged central bank Governor Riad Salameh with dereliction of duty and breach of trust over the alleged misuse millions of dollars provided by the regulator last year. Lebanese Judge Charges Central Bank Governor Over FX Misuse (msn.com)

Treasury Secretary Janet Yellen faces one more headache on an agenda packed with everything from Covid-19 relief to addressing inequality and overhauling tax policy: tensions over foreign-exchange intervention. Yellen Faces ‘Currency War’ Redux as Strong Dollar Ditched – Bloomberg

India plans to introduce a law to ban private cryptocurrencies such as bitcoin and put in place a framework for an official digital currency to be issued by the central bank, according to a legislative agenda listed by the government. India proposes law to ban cryptocurrencies, create official digital currency (msn.com)

Apollo Currency (CURRENCY:APL) traded up 6.8% against the dollar during the twenty-four hour period ending at 13:00 PM Eastern on January 29th. Apollo Currency has a market capitalization of $13.98 million and approximately $1.63 million worth of Apollo Currency was traded on exchanges in the last day. Apollo Currency (APL) Price Up 7.5% Over Last 7 Days – Modern Readers

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