Search

Nalezeno "traditional": 596

Bill Allows Russian Financial Platforms to Operate Blockchains, Issue Digital Assets

18.2.2023
A draft law filed in the Russian parliament permits operators of platforms providing financial services to also run blockchain platforms. The legislation will allow them to combine their regular activities in the traditional financial market with issuing digital assets. New Law Opens Door...

Swiss Crypto Company Taurus Raises $65 Million From Credit Suisse, Other Banks

16.2.2023
Digital asset infrastructure provider Taurus has secured millions of U.S. dollars in investment from major banking institutions. The successful funding round comes in the aftermath of negative developments in the crypto space, indicating that large players from traditional finance remain engaged...

Experts Predict Future Regulation of Crypto Exchanges by 2025, With Split Opinion on Similarity to Traditional Finance

3.2.2023
Following finder.com’s reports on bitcoin and ethereum predictions, the product comparison site polled 56 specialists in the fintech and cryptocurrency industry to gauge their thoughts on future regulation of crypto exchanges. The experts predict that virtual currency trading platforms will...

Britain Announces Plans for ‘Robust’ Crypto Rules, Launches Consultation

1.2.2023
The U.K. has unveiled “ambitious plans” to “robustly regulate” various crypto activities, while seeking to protect customers and grow its economy. In the next three months, British authorities will accept public feedback on the new regulatory proposals designed to govern digital assets like...

CZ predicts ‘existential implications’ for anti-crypto traditional finance

28.1.2023
While the reluctance of traditional players stands as a deterrent to crypto’s adoption in the short term, CZ argues that the decision might backfire over the next two decades

Singapore Regulator Advocates ‘One Regulatory System’ for Crypto and Traditional Finance

24.1.2023
Singapore’s senior minister and the chairman of the central bank, the Monetary Authority of Singapore (MAS), says there should be just “one regulatory system” for both crypto and traditional finance. In addition, he stressed that regulators should provide “ultra clarity...

Fluid Finance Proposes to Integrate the DAI Decentralized Stablecoin Directly Into the Traditional Financial System

23.1.2023
PRESS RELEASE. Fluid Finance submitted a proposal to integrate the DAI decentralized stablecoin directly into the traditional financial system. It would be the first time that a stablecoin could be purchased directly from a bank account. Jessica Walker at Fluid said: “One of the problems with...

IMF Division Chief and Deputy Managing Director Call for Swift Regulatory Action to Avoid Crypto Contagion to Legacy Finance

21.1.2023
An International Monetary Fund (IMF) division chief and deputy managing director are calling for more action to be taken in the regulatory aspect to avoid crypto’s ups and downs affecting banks and traditional financial institutions. Nobuyasu Sugimoto, deputy division chief of the financial...

South Korea to Regularly Inspect Crypto Risks With New Monitoring Tools

19.1.2023
South Korea’s financial regulator is developing new tools to regularly monitor crypto risks. The regulator warned that while the impact of the crypto market on the traditional financial system is still low, the risks posed by crypto to the country’s financial stability could increase...

Japanese regulators want crypto treated like traditional banks

17.1.2023
Mamoru Yanase said crypto needs the same safeguards as financial institutions and banks

Square Enix to Deepen Its Blockchain Efforts in 2023

4.1.2023
Square Enix, the Japanese gaming giant, is preparing to announce more blockchain-based titles in 2023. As part of a now traditional new year’s letter issued by Yosuke Matsuda, CEO of the company, the executive announced some of the moves Square Enix will make regarding blockchain tech,...

New Report Shows DeFi Outperforming Traditional Finance in Market Conditions

22.12.2022
Decentralized finance (DeFi) still demonstrates greater potential than the traditional financial industry, despite recent setbacks, a new report has found. The report, prepared by the crypto-focused investment firm Hashkey Capital, said the scalability of DeFi solutions already surpass that...

Defi More Scalable Than Traditional Finance, New Study Says

22.12.2022
Despite the market conditions that prevailed in much of 2022, decentralized finance (defi) still demonstrated its greater scaling potential than that of the traditional financial industry, a new report has said. Even though the total value locked dropped from the peak of $180 billion in Dec. 2021...

Brazil Could Launch Its Defi-Integrated Digital Real in 2024

17.12.2022
Roberto Campos Neto, president of the Central Bank of Brazil, has stated that the digital real project, the Brazilian central bank digital currency (CBDC) could be launched in 2024. Campos Neto also remarked on the benefits the digital currency system might bring as it is integrated with...

Time for Serious Global Crypto Regulation, Germany Says

15.12.2022
Germany’s financial watchdog has issued a call for global regulation of the crypto industry in the aftermath of the FTX collapse. The hands-off approach was wrong, the head of the agency says, insisting it’s time to protect consumers as the sector expands links with traditional finance. Bafin...

Mobile Payments Outpacing Debit Cards in Argentina According to Central Bank Reports

14.12.2022
Mobile payments are thriving in Argentina, leaving behind other traditional payment methods, including credit and debit cards. According to the central bank’s monthly report on retail payments, this kind of payment has thrived, representing 60% of the payments operations made, while...