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Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines Policy
16.12.2019
In this regulatory roundup, we cover a positive crypto story in India, China’s year-end rankings, and the European Central Bank entering the stablecoin race. We also cover the New York regulator’s proposed Bitlicense revision — the first in five years — and several other...
German Banks Increasingly Charging Retail Clients Negative Interest Rates
16.12.2019
A growing number of banks in Germany are charging retail customers negative interest rates, starting with the very first euro deposited into their accounts. At least three German banks are reportedly doing so, with more expected to follow suit in the near future. As the European Central Bank...
The Country With Europe’s Highest Interest Rate Has Cut It 5 Times This Year
14.12.2019
Around half of European countries, over 20, now have 0% interest rates and a few are already in negative territory. Ukraine, which has the highest benchmark interest rate on the continent, has just reduced it again, for the fifth time this year. The race between central banks to cut rates, when...
Sweden's Central Bank to Partner with Accenture to Launch E-Krona
13.12.2019
Sweden’s central bank is making plans to create a pilot platform for a digital currency known as the e-krona
Swiss Government Quashes ‘E-Franc,’ Says Current Risks Outweigh Benefits
13.12.2019
The Swiss government has quashed the idea of offering a digital currency, saying it currently presents more problems than opportunities
Lagarde Sees Demand for Stablecoins, Plans to Put ECB ‘Ahead of the Curve’
13.12.2019
At her first press conference as head of the European Central Bank (ECB), Christine Lagarde outlined her plans to lead the ECB “ahead of the curve” in the field of digital currency. “There is clearly a demand out there that we have to respond to,” she said, referring...
‘New Risks’: Swiss Government Skeptical on Central Bank Digital Currency
13.12.2019
A digital Swiss franc would do more harm than good and bring financial risks, according to the nation's government
Volcker Might Have Said Yes to a Digital Dollar – If He Knew What It Was
12.12.2019
What would the late former Federal Reserve Chair Paul Volcker have thought about digital currencies issued by central banks?
China’s Inflation Hits a Record 4.5% as Beijing Prepares to Test Digital Yuan
12.12.2019
China has been confronted with multiple economic and financial problems this year amidst an ongoing trade war with the United States. Authorities in Beijing have been trying to overcome the challenges with administrative measures in what has become a market economy over the years. Inflation of...
From Health Care to Mining, Central Asia Stays on the Blockchain Beat
12.12.2019
Crypto and blockchain adoption appears to be gathering steam in Central Asia
China: Former Central Bank Exec to Reportedly Head New Tech Regulation Division
11.12.2019
China’s securities regulator reportedly plans to set up a tech division that will be headed by the former chief of the central bank’s digital currency initiative
Central Bank 'Parental Controls' Obsolete for Crypto: Bank of Lithuania
11.12.2019
Lithuania’s central bank suggested that banks should face the perceived risks of digital currencies and join the digital asset space to preserve control
Global Citizens Call For 'a Global Unit of Account,' Says Central Bank
10.12.2019
Central banks in the Eurozone are increasingly turning their attention to the matter of digital fiats as they hurry to meet the needs of citizens who are more and more reluctant to use conventional cross-border payment solutions. But could their Central Bank-issued Digital Currency (CBDC) drives...
China’s Central Bank Uses Blockchain to Issue $2.8B Worth of Financial Bonds
9.12.2019
China issued $2.8 billion in blockchain-based special financial bonds for small and micro enterprises
MARKETS DAILY: 2020 Could See First Central Bank Digital Currencies
9.12.2019
With today's markets mostly down, we’re talking bitcoin’s first golden cross in more than three years, "Central Bank Digital Currencies", and a behind the scenes look at troubled chat ICO Telegram, courtesy of the SEC
Lithuanian Central Bank Announces Blockchain Collector Coin
9.12.2019
Lithuania’s central bank announced that in 2020 it will release a blockchain-based collector coin
Regulatory Roundup: Bitcoin Futures Fund Approved, India’s RBI-Backed Digital Currency
9.12.2019
In this regulatory roundup, we cover the U.S. SEC approving a bitcoin futures fund, the new IRS tax form targeting crypto owners, and several more steps taken by the U.S. government toward crypto regulation. We also cover India’s central bank digital currency plan, South Korea’s crypto...
China’s Central Bank Likely to Pilot Digital Currency in Cities of Shenzhen and Suzhou: Report
9.12.2019
The People's Bank of China is said to be preparing to launch pilots for its digital currency in Shenzhen and Suzhou from the end of the year
China’s Central Bank to Lead Real-World Pilot of Digital Yuan: Report
9.12.2019
Several Chinese banks and economic participants will reportedly pilot the digital yuan in two cities
Bank for International Settlements Exec Shows New Fondness for CBDCs
6.12.2019
A long-skeptical exec at the Bank for International Settlements now says that CBDCs could open up new possibilities