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Huobi Lira Onramp to Enable Crypto Trading for Turkish Users
18.10.2019
Huobi Global will launch fiat gateway for the Turkish lira in late 2019, the firm officially announced at the Eurasia Blockchain Summit
Raiffeisen Among 18 Banks in First Global Tokenized Collateral Trial
18.10.2019
Raiffeisen amongst 28 organizations in the first global-scale trial on R3 Corda network
Libra Shows Central Banks’ Failure on Cross-Border Payments: Riksbank
17.10.2019
A senior economist at Sweden's Riksbank says central banks need to "keep up" with cryptocurrency advancements like Libra and XRP
Major Singapore Bank Completes First DLT Trade Financing Transaction
17.10.2019
A Singaporean banking branch of CIMB Group, one of the largest Asian investment banks, has completed its first blockchain-based trade financing transaction
Fed Governor Warns: Facebook’s Libra Users Lack Clear Rights
17.10.2019
The Fed’s Lael Brainard warns that Libra users’ rights with respect to the token’s underlying assets and the system overall remain unclear
Central Banks Realize They Can’t Ignore Crypto, Digital Fiats Any More
17.10.2019
Central banks and financial authorities in some of the world’s leading economies are increasingly turning their attention to cryptocurrencies and digital fiats.
Bloomberg reports that the American Federal Reserve is “dragging its feet” on digital fiat-related matters, with a “real-time” payment...
Central Banks Have Three Options for Crypto Regulations, Says Official
16.10.2019
French central banker Denis Beau discussed the options available to central banks vis-a-vis cryptocurrency regulations
Supreme Court of India Postpones Cryptocurrency Ban Hearing to November
16.10.2019
The India Supreme Court has postponed a hearing regarding the Reserve Bank of India’s policy that bans financial institutions from giving services to crypto businesses
HSBC Enacts a Letter of Credit on a Blockchain in Malaysia
16.10.2019
Major bank HSBC announces first successful enactment of a letter of credit on a blockchain in Malaysia
Bank of England Governor Carney Defends Facebook’s Libra Stablecoin
15.10.2019
Bank of England governor Mark Carney defends Facebook’s choice to create a new currency
Libra is ‘Catalytic Event’ for Central Banks, Says Head of Sweden’s Riksbank
15.10.2019
Libra, says Stefan Ingves, is forcing central banks to re-consider their primary product: money
The Fed Plans to Inject $60 Billion per Month Into the Economy
15.10.2019
On October 11, the U.S. Federal Reserve explained that it would inject more easing into the economy by purchasing Treasury bills at an initial $60 billion per month for the next two months. The purchasing rate could decrease or increase, but the central bank expects the easing plan to last until...
Dubai, Emirates NBD Sign MoU on Blockchain Trade Finance Solutions
14.10.2019
Dubai Chamber of Commerce signs MoU with Emirates NBD for blockchain-based trade finance within the Digital Silk Road initiative in the UAE
Italian Banks Successfully Test Data Reconciliation Via Blockchain
14.10.2019
Italian banks successfully processed the reconciliation data of an entire year of banking activity on a blockchain platform
Trade Finance Blockchain Platform Marco Polo Collaborates With 20 Banks
14.10.2019
Having established itself as the world’s largest and fastest-growing blockchain-based trade and working capital finance platform, Marco Polo has expanded its working space by partnering with over twenty reputed banking networks. The platform is piloting its first trading phase of a strategic deal...
IMF Has Another Trick Up Its Sleeve When Fiat Fails – Its Own Coin SDR
14.10.2019
Virtually everybody knows what a dollar is, but not as many know about the SDR. The International Monetary Fund’s (IMF) Special Drawing Rights is an international, monetary reserve system created specifically to address limitations of gold and standard fiat currencies such as the USD....
Major Chinese Bank Updates Blockchain Platform After $50 B Transacted
12.10.2019
China Construction Bank updates blockchain trading platform after transacting over $50 billion
Alfa-Bank, Commerzbank Pilot Cross-Border Payments on R3’s Marco Polo
12.10.2019
Alpha-Bank and Commerzbank launch a pilot project of Russia-Germany payments via Marco Polo Network
Turkey Throws Another Wrench Into the USD’s Works and Joins Russian Swift
11.10.2019
The dominance of the U.S. dollar as the global reserve currency is being robustly challenged on all fronts. Other geopolitical powers and smaller but important players are unwilling to accept the political influence Washington exerts through its fiat money. And in times of trade wars, sanctions...
Russian Central Bank Chief: ‘No Obvious Need’ for National Cryptocurrency
10.10.2019
Russia's central bank sees no strong reason to launch a national cryptocurrency that would override the potential risks, according to its chief