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Sony Financial Ventures Joins Big Banks Investing in Securitize

5.2.2020
Digital securities firm Securitize extends its latest $14 million fundraising round with a strategic investment from Sony Financial Ventures

Wendy McElroy: The Narrative and Philosophy of Cryptocurrency

5.2.2020
“The central banks of Britain, Japan, the euro zone, Sweden and Switzerland have grouped up to assess potential use cases for digital currencies. Talk of such currencies gained momentum after Facebook announced plans last year to introduce a cryptocurrency called libra,” – CNBC....

Crypto Companies Adopt Features Similar to Banks (Only Better) to Drive Growth

5.2.2020
Will higher interest rates and zero-fee trading drive user adoption of cryptocurrencies?

Tech Like Blockchain Will Transform Chinese Economy, Bank Chair Says

3.2.2020
The next decade will see a digital transformation in China with blockchain adoption, according to Minsheng Bank’s chairman

Cambodia Announces Own Cryptocurrency as More Details Surface About China’s Digital Yuan

3.2.2020
With China still in the lead, other countries are advancing their projects to develop payment systems around central bank digital currencies (CBDCs). Cambodia, for example, has recently revealed it will mint its own coin within months. The news comes as more details about the digital Chinese yuan...

41 German Banks Now Charge Negative Interest Rates

2.2.2020
The number of German banks charging negative interest rates has been rising rapidly. At least 41 banks now charge negative interest rates on deposits. According to reports, seven of them are imposing negative interest rates even for small deposit amounts. Also read: Survey: 58% of German Banks...

Hierarchies of Money: Why You Use Bank Money But the Bank Wants Reserve Currency

31.1.2020
While people tend to think of money as being all the same, the fact is governments and banks use different types of money than the everyday individual. From the top of the economic pyramid of world reserve currencies, down through central bank and commercial bank money, the capacities and function...

US Bank Silvergate Sees Growth in Crypto Clients, Despite Decreasing Deposits From the Sector

31.1.2020
Financial results released by two U.S. banks providing services to the crypto industry have indicated a decline in deposits from digital currency customers. However, a positive trend has been observed as well. One of the crypto-friendly institutions, Silvergate Bank, has seen an increasing number...

The National Bank of Cambodia Will Launch a Digital Payments Network This Quarter

31.1.2020
Leading the way for a practical CBDC is — Cambodia

Few Banks Will Touch Crypto Firms, But Silvergate Wants to Touch Bitcoin Itself

30.1.2020
Silvergate made its name providing fiat banking services for crypto businesses. Now CEO Alan Lane wants the bank to handle digital assets themselves

Compared to Traditional Banks, Crypto Lenders See Booming Growth

30.1.2020
A lukewarm U.S. economy is making big banks like JPMorgan Chase struggle to produce fast loan growth - even with interest rates close to historic lows. Yet, in the white-hot cryptocurrency industry, lenders are burgeoning

Bank of Japan Must Be Ready to Issue Digital Currency, Says Exec

30.1.2020
The Bank of Japan must be ready to respond to technical developments and public sentiment about central bank digital currencies, its deputy governor says

Crypto-Related Deposits Drop by Half at Metropolitan Commercial Bank

28.1.2020
Metropolitan Commercial Bank’s deposits from crypto firms have steadily declined, a sign of heightened competition in a field where the bank was once one of the only games in town

Draft of India’s National DLT Strategy Calls for State-Run Digital Rupee

28.1.2020
A draft of an Indian national blockchain strategy suggests the development of a digital rupee on a permission public blockchain

Singapore Act to License Cryptocurrency Firms Comes Into Effect

28.1.2020
Starting today, Singaporean cryptocurrency firms are required to hold a license issued by a local regulator

Swiss Bank Julius Baer Offers New Digital Asset Services With Licensed Crypto Bank SEBA

28.1.2020
Switzerland, a nation that’s been quite positive towards crypto business, is facilitating the integration between its traditional financial sector and the blockchain industry. With greater regulatory clarity and stability coming, established banks are plucking up the courage to offer digital...