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In the Wildcat Era of Stablecoins, Commercial Banks Have New Rails to Ride
16.6.2020
Today's stablecoin market mirrors the “wildcat banking” era of the mid-1800s, when banks printed their own dollars. Like then, federal intervention is likely
Canada’s Central Bank Is Serious About Designing a CBDC, Job Posting Reveals
16.6.2020
The Bank of Canada is preparing to design its own central bank digital currency (CDBC), detailing its plans in a new job posting
5 Chinese Banks Say Legal Crypto Traders’ Accounts Will Not Be Frozen as Police Widen Crackdown
15.6.2020
Following reports that Chinese authorities are freezing bank accounts of cryptocurrency traders, five banks have reportedly clarified their policies. They confirmed that accounts with legal crypto transactions will not be frozen. However, some people claim that their accounts have been frozen...
UK Fintech Bank Revolut Will Give Customers ‘Legal’ Ownership Over Cryptos – But With a Caveat
15.6.2020
UK fintech bank Revolut will give its customers legal ownership over their cryptocurrencies next month, but will limit how they can spend those coins
Korea’s Central Bank Forms Legal Panel to Advise on Possible Digital Currency Launch
15.6.2020
The Bank of Korea has set up a legal panel to advise on possible regulatory sticking points for a future CBDC issuance
Bitcoin-Friendly Top US Banking Regulator Aims to Solve Banks’ Problems With Decentralization
14.6.2020
The new top banking regulator for the Trump administration sees “huge and great promise” in cryptocurrency. Focusing on decentralized networks, bitcoin, and rewriting existing regulations, he shares his views on cryptocurrency and the creation of the digital dollar. Top US Banking...
Revamping E-Commerce During the Rise of Stablecoins
14.6.2020
The third decade of the 21st century will make cryptocurrency the main payment method worldwide because of its benefits over fiat
Chinese Banks Says They Will Not Freeze Legal Crypto Accounts
14.6.2020
Chinese banks are clarifying that they are not shutting down any legal crypto accounts
Survey Respondents Are Split 50/50 Between Bitcoin & Big Banks
13.6.2020
The proportion of people who trust big banks has fallen drastically since 2017, while the support for Bitcoin has exploded — millennials lead the way
Father of JOBS Act: US Digital Dollar is Inevitable, No One Wants Chinese Currency
12.6.2020
Father of the JOBS Act does not believe there will be any demand for the Chinese digital currency
Belarus Banks Announce Upcoming Token Pilot Program
12.6.2020
Belarus Central Bank authorizes several banks in the country to begin issuing tokenized offerings
Belarusian Banks to Issue Digital Tokens in Central Bank Pilot
12.6.2020
Belarus’ central bank will allow 12 commercial and state-owned banks to launch tokens and conduct business using their digital offerings in an ambitious new pilot.
The central National Bank’s plans, per Sputnik Belarus, will involve a pilot that will run from January 1, 2021, to January 1, 2024...
Custody Provider Copper Joins Think Tank to Bridge Gap Between Traditional Finance and Crypto
11.6.2020
Crypto custodian Copper is joining the Official Monetary and Financial Institution Forum's new think tank to discuss how central banks are evaluating digital currencies
Simplified Blockchain Tech Is Helping Bring Banks out of the Stone Age
10.6.2020
An archaic blockchain technology helps a technology company convince U.S. bank regulators that the transactions are free of money laundering
First Mover: Bitcoin Bulls Might Get Negative Rates From Central Banks, Just Not the Fed
10.6.2020
The Fed may remain intransigent about negative rates, but bitcoin may benefit from other central bankers who are keeping the option firmly on the table
Ghana’s Central Bank Confirms It’s Still Looking to Pilot a Digital Currency
10.6.2020
The Bank of Ghana’s first deputy governor says the institution remains committed to piloting a central bank digital currency
South Korea’s NH Bank Forms Blockchain Financial Services Consortium
10.6.2020
The South Korean NH NongHyup Bank has announced a memorandum of understanding to research and develop blockchain-based financial services through a new consortium
‘Inherently Borderless’: Acting OCC Chief Talks Crypto, State Licenses and DeFi
9.6.2020
“My job here is not to protect incumbents,” says acting Comptroller of the Currency (and Coinbase veteran) Brian Brooks of his fintech-forward agenda
Saudi Monetary Authority Pumped Some of $13B Bank Infusion Using Blockchain
9.6.2020
The central bank claims to have distributed 'part' of a recent $13 billion bank "liquidity enhancement" using blockchain tech
Central Bank of Saudi Arabia Transfers Funds to Local Banks Over Blockchain
8.6.2020
The Saudi Arabian Monetary Authority has transferred funds to local banks using blockchain technology