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Davos Experts: Central Banks Focus on Crypto Due to Fear of Exclusion
24.1.2020
Impressions from the World Economic Forum Annual Meeting 2020 in Davos-Klosters, Switzerland, 24 January. European Commission executives have conceded that there is a pressing need for digital alternatives to conventional currency – but continue to condemn cryptocurrencies as “highly...
Hawaii Introduces Bill Authorizing Banks to Offer Crypto Custody
24.1.2020
A bill in the Hawaii State Senate aims to clarify its classification of digital assets and pave the way for banks to provide custody services
10% of Central Banks Surveyed Close to Issuing Digital Currencies: BIS
24.1.2020
A fifth of the world's population may well have access to a central bank digital currency in as little as three years, according to a BIS survey
10% of Central Banks Surveyed Close to Issuing Digital Currencies: BIS
24.1.2020
A fifth of the world's population may well have access to a central bank digital currency in as little as three years, according to a BIS survey
10% of Central Banks Surveyed Close to Issuing Digital Currencies: BIS
24.1.2020
A fifth of the world's population may well have access to a central bank digital currency in as little as three years, according to a BIS survey
Week Two of RBI Vs. Crypto at the Supreme Court of India
24.1.2020
The historic case brought against the Reserve Bank of India’s ban on banks’ dealings with cryptocurrency businesses resumed this week at the country’s Supreme Court
Panic Withdrawals at Indian Bank Over Alarming KYC Notice
24.1.2020
Hundreds of customers went on a withdrawal spree after an Indian bank announced its revised KYC requirements. The bank’s action followed the decision by the Reserve Bank of India (RBI) to include the National Population Register letter as a valid KYC document for opening bank accounts....
Hawaiian Bill Would Let Banks Act as Crypto Custodians
23.1.2020
Hawaiian lawmakers have submitted a bill that allows banks to provide custody for digital assets
BIS: No Evidence of Mass Transition From CBDC Research to Pilots and Experiments
23.1.2020
The BIS’s new survey revealed that only 10% of central banks are likely to issue a CBDC for the general public in the short term
Indian Supreme Court Warms Up to Crypto – RBI’s Arguments Not Convincing
23.1.2020
India’s supreme court heard the crypto case on Thursday, starting with the arguments by the counsel for the Reserve Bank of India (RBI). After pointing out that the RBI ban only hurts crypto businesses but does not stop crypto trading, the court explained that “being an honest...
World Economic Forum Debuts Framework for Central Bank Digital Currency
23.1.2020
The World Economic Forum together with major central banks and financial institutions has released a toolkit for policymakers regarding central bank digital currencies
Regulatory Roundup: New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies
23.1.2020
In this roundup, we cover an exceptionally busy week for crypto regulations around the globe. We start our coverage with the U.S. Virtual Currency Tax Fairness Act of 2020, actions by the SEC, Ripple’s lawsuit, India’s supreme court hearings, Australia green-lighting a bitcoin retail...
The Unstoppable Trajectory: Stablecoins Are Evolving Traditional Finances
23.1.2020
Neither fiat nor crypto, but a mixture of both: What are the stablecoins really for?
Hong Kong and Thailand Pilot DLT-Based Project for Cross-Border Payments
22.1.2020
Hong Kong and Thailand’s central banks have piloted a Corda-based CBDC project for cross-border payments
OKEx at Davos: Blockchain Best Placed to Meet the Needs of the Unbanked
22.1.2020
OKEx’s Lennix Lai argued that a digital, decentralized financial system underpinned by blockchain and crypto can be of mutual benefit to institutions and the unbanked
Six Central Banks Form Alliance to Pursue Research on Digital Currency
22.1.2020
Six leading banks belonging to the Central Bank group have formed an alliance to work together to assess the potential for central bank digital currency (CBDC) in their respective jurisdictions. These banks include the Bank of England, Bank of Canada, Bank of Japan, European Central Bank, Sveriges...
Swiss Banks Enter the Age of Bitcoin
22.1.2020
An emerging trend in wealth-stashing Switzerland: crypto-friendly banks
6 Central Banks Form Digital Currency Use Case Working Group
21.1.2020
The working group will pool research into CBDCs
Six Central Banks to Assess Potential Cases For Digital Fiat + More News
21.1.2020
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Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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A central bank group will assess potential cases for central bank digital currencies...
Six Major Central Banks to Collaborate on Digital Currency Research
21.1.2020
The central banks of Canada, the United Kingdom, Japan, European Union, Sweden and Switzerland and the Bank for International Settlements created a CBDC research group