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In Response to Bitcoin, Central Bank of Brazil Presents Instant Payment System Pix
21.2.2020
Banco Central do Brasil has started testing a new payment network with the promise to offer Brazilians near instant transactions and many new services. Portrayed as a response to Bitcoin, the Pix system will be mandatory for major financial institutions to ensure wide coverage. The project aims...
Brazilian Central Bank Promises Instant Payment Platform to Compete With Crypto
20.2.2020
Brazil’s central bank president stated that its new payment platform is intended to compete with blockchain-based payment technologies
Ripple CEO Brad Garlinghouse Tells Banks That 'Crypto Is Not a Bad Word'
20.2.2020
Ripple CEO Brad Garlinghouse said that stressing compliance is key to getting bankers on board with cryptocurrencies
Boerse Stuttgart: New German Crypto Regulation Poised to Attract Institutional Investors
20.2.2020
Since the new German crypto regulation went into effect, financial institutions in Germany have been preparing to offer crypto custody services. Among them is Boerse Stuttgart, the country’s second-largest stock exchange. Having obtained a provisional license from BaFin, the regulator...
Israeli Banks Should Not Deny Services to Crypto Firms: Attorney General
20.2.2020
Israeli banks should not deny services to firms involved with crypto, attorney general Avichai Mandelblit said
Swiss Savers View Cryptocurrencies as Option, Now That Bank Accounts Don’t Save Them From Inflation
20.2.2020
Cryptocurrencies are gradually becoming a viable alternative for savers in Switzerland, according to a new poll. The Alpine nation’s crypto-friendly business climate and increasing regulatory clarity makes them a relatively easy addition to investors’ portfolios. Many Swiss people...
HSBC to Drop 35,000 Jobs and Invest in Digital Finance
19.2.2020
Banking giant HSBC plans to terminate about 35,000 of global jobs while doubling down on disruptive technology
Former Ripple Business VP Takes Role at Major Bank Standard Chartered
19.2.2020
Kahina Van Dyke, a former executive at Ripple and Facebook, has taken on a major role in managing the institutional clients of major bank Standard Chartered
Dubai Gov’t to Launch KYC Blockchain Consortium in Q1 2020
19.2.2020
Dubai government to launch a KYC blockchain consortium in collaboration with six banks in Q1 2020
New Leaders at Bank for International Settlements Fintech and DLT Research Centers
19.2.2020
New leadership named at Bank for International Settlement research centers focused on digital currencies and DLT
‘Central Banking Is Socialism for the 1%’ – Report Cites Wealth Inequality Driven by Stimulus
18.2.2020
For a while now, central banks like the Federal Reserve have been participating in quantitative easing (QE) practices, despite the fact they don’t like to call it QE. Following the massive dollar injections, a recent report from the wealth insights provider Wealth-x details the number...
Boerse Stuttgart’s Crypto Custody Arm Blocknox Expands Service to Institutional Clients
18.2.2020
Blocknox’s crypto custody offer will also be available to fintech companies, banks and asset managers
Bank of Korea Seeks to Deploy Blockchain in Bond Market: Report
18.2.2020
South Korea’s central bank is working on a project to distribute bond records on the blockchain, a report says
South Korean Banks ‘Sitting on Crypto Plans in Regulatory Limbo’
18.2.2020
South Korean financial institutions have formulated crypto business plans – but cannot go public with them due to a lack of regulatory clarity, claim bankers in the country.
News outlet Hangook Ilbo quotes an unnamed “senior official” at a South Korean bank as stating,
“Banks in South Korea cannot...
Central Bank of China Pumps 300 Billion Yuan Into Financial System, Cuts Loan Rates
18.2.2020
The Chinese government has taken multiple steps so far to contain the economic fallout from the coronavirus epidemic, including interest rate cuts and financial injections worth billions of yuan. It did it again this week, extending the monetary easing provided by the central bank. With the budget...
Cash Users in China Risk to Get Coronavirus, Banks Disinfect Banknotes
17.2.2020
Chinese officials are waging an unexpected war on cash in the wake of the coronavirus outbreak – amid fears that contaminated banknotes could spread the deadly virus.
The country’s central People's Bank of China (PBoC) has launched a campaign that, per the South China Morning Post, will see it...
Russian Central Bank Links Crypto Transactions With Money Laundering
17.2.2020
The Russian central bank now considers any crypto exchange transaction as a money laundering risk
Russian Central Bank Wants Banks to Flag Crypto Deals as ‘Suspicious’
17.2.2020
Russia’s Central Bank has unveiled a plan to ask banks in the country to flag account holders who deal with cryptoassets as “suspicious.”
Per news outlet RBC, the Central Bank has submitted a request to make amendments to the key 375-P protocol, a document that outlines the way that banks should...
Not All Central Banks Have an Interest in CBDCs
16.2.2020
A central bank survey reveals cryptocurrency is set to gain 1.6 billion users within 3 years
Bahamas Digital Dollar to Roll out Across All Islands in H2 2020, Governor Says
14.2.2020
After launching the Bahaman digital dollar pilot in December, the Bahamas’ central bank will roll out the initiative across all islands in H2 2020