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‘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
Digital Remittances Reach Record High of $96 Billion, Fees Charged by Traditional Providers Open Door for Cryptocurrencies
14.2.2020
In a globalized world where labor follows capital, the remittance industry has been growing constantly in both volume and users. Traditional providers like banks and money transfer companies have been charging high fees for their services which creates opportunities for alternative digital...
Wells Fargo Joins Elliptic's Series B Investment Round
13.2.2020
Wells Fargo invests in crypto compliance firm Elliptic
Bangladesh Bank with $4 Billion in Assets Now Employs RippleNet
13.2.2020
Bangladesh-based Bank Asia becomes a member of Ripple’s RippleNet blockchain-enabled remittances network
DTCC Calls on Banks and Regulators to Help Address Blockchain Security Issues
13.2.2020
A comprehensive framework shared by all participants will negate any risks associated with blockchain, the derivatives repository giant says
Wells Fargo Invests $5M in Startup Connecting Crypto Exchanges and Banks
13.2.2020
Banking giant Wells Fargo is backing blockchain forensics firm Elliptic
Egyptian National Bank Turns to Blockchain to Boost Remittance Business
12.2.2020
Ripple has onboarded the National Bank of Egypt to its blockchain powered cross-border payments network, RippleNet
Central Bank Digital Currencies Are Good for Bitcoin, Barry Silbert Says
11.2.2020
Bitcoin would benefit from global central banks issuing their own digital currencies, founder of Grayscale Investments said
Crypto Fraud Now Exposing Legacy Banks to Compliance Issues, Reports CipherTrace
11.2.2020
Banks who ignore crypto could be setting themselves up for trouble in more ways than one
Report: JPMorgan Considers Merging Blockchain Unit with Consensys
11.2.2020
JPMorgan Chase is reportedly considering a merger of its blockchain unit Quorum with the Ethereum-focused firm ConsenSys
40 German Banks Seek Regulator’s Green Light to Offer Bitcoin Custody
11.2.2020
Over 40 German banks have sought regulatory approval to offer digital asset custodial services