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Nalezeno "financial": 5154

Bank of England’s Cunliffe Warns Crypto Is ‘Prone to Collapse’ — Touts ‘Same Risk, Same Regulatory Outcome’

17.7.2022
Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that cryptocurrencies are “very vulnerable to sentiment and prone to collapse.” He urged regulators to “get on with the job” and regulate crypto under the principle...

Latest Global Findex Survey: Share of Adult Population with a Bank Account Now 76% — 1.4 Billion Adults Still Unbanked

16.7.2022
Between 2011 and 2021, the share of the world’s adult population that had bank accounts rose from 51% to 76%, the findings of the latest World Bank Global Financial Index survey have shown. About 1.4 billion adults are, however, still unbanked, not having the money or the identification...

Finder’s Fintech Experts Predict Cardano Will End the Year at $0.63 per Unit

15.7.2022
Following the recently published bitcoin price prediction report issued by the product comparison web portal finder.com, the site’s researchers polled 53 financial technology (fintech) specialists in order to forecast the future value of cardano (ADA). According to the survey’s...

SEC commissioner Allison Lee departs, readying financial regulator for Jaime Lizárraga

15.7.2022
The U.S. Senate has already confirmed the nomination of Allison Lee's replacement, Jaime Lizárraga, to work at the SEC for a term ending in 2027

56% of banks say DLT and crypto are 'not a priority' in near future — Fed survey

15.7.2022
Many respondents from major banks said the technology would likely be unimportant for liquidity management practices until 2027

DeFi for financial services: Alex Tapscott’s ‘Digital Asset Revolution’

15.7.2022
Alex Tapscott’s new book breaks down key DeFi concepts for business leaders

Putin Signs Law Prohibiting Payments With Digital Assets in Russia

15.7.2022
President Vladimir Putin of Russia has signed into law a bill banning payments with digital financial assets. The legislation obliges exchange operators to refuse to process transactions facilitating the use of DFAs, a legal category currently covering cryptocurrencies, as “monetary...

South African Central Bank Now Considers Cryptocurrency to Be a Financial Asset

15.7.2022
The deputy governor of the South African Reserve Bank (SARB) recently said the institution has changed its position on cryptocurrency, and now regards it to be a financial asset which must be regulated as such. The SARB expects to have a cryptocurrency regulatory framework in place by the end...

Aussie FPA supports 'crypto rule book' and regulation of exchanges

15.7.2022
Swyftx co-CEO Ryan Parsons echoed the calls from the FPA, noting that “Our preference is for crypto platforms to operate within the existing financial services licensing framework.”

UK financial watchdog exec hints at importance of international collaboration on crypto regulation

14.7.2022
“In the past, innovative firms would have been pleading for less regulation — now they understand and appreciate that rules are there to help provide certainty," said Nikhil Rathi

ECB Calls for Urgent Regulation of Stablecoins and Defi, Won’t Rule Out Bitcoin Mining Ban

14.7.2022
A new report by the European Central Bank (ECB), presented as a “deep dive into crypto financial risks,” calls for “appropriate” regulation and oversight of stablecoins and decentralized finance (defi). It also addresses the hot topic of Bitcoin’s carbon footprint...

South African exchanges welcome the new 'crypto is financial asset' ruling

14.7.2022
Major South African exchanges have welcomed the central bank’s plans to regulate cryptocurrencies as financial assets

Mastercard partners with Indonesian crypto gateway to drive financial inclusion

14.7.2022
Navin Jain, an executive at Mastercard Indonesia, said that Mastercard will support Fasset’s efforts to drive financial inclusion in the country

State-Owned Swiss Bank Postfinance to Offer Clients Direct Access to Crypto Market

14.7.2022
Swiss post office’s banking unit, the state-owned Postfinance, is reportedly preparing to enter the crypto market. “Our clients want direct access to this market through their house bank.” Swiss Post Office’s Banking Arm to Enter Crypto Market The banking and financial...

Former Crypto Adviser Michael Barr Confirmed as Top US Financial Watchdog

13.7.2022
Michael Barr, a former Ripple adviser, is set to assume one of the most important U.S. regulatory roles after winning Senate confirmation to be vice chairman for supervision at the Federal Reserve

Solving the Complexities of Crypto Tax & Accounting With the Experts at Ledgible

13.7.2022
As crypto matures and continues along its path of inevitable adoption, so too does the importance placed on adequately accounting for crypto as an asset class and a source of income. Cryptocurrencies at their core were not designed to fit into traditional financial systems, after all, that’s...