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Nalezeno "a bank": 7785

Tether dominates with $113B post-SVB collapse — IntoTheBlock

30.7.2024
Tether’s market cap surges post-SVB collapse, driven by liquidity and accessibility, says ITB’s Vincent Maliepaard

Nigerian CBDC Adoption Lags, Makes Up Less Than 1% of Currency in Use

30.7.2024
Nigeria’s central bank digital currency, known as the eNaira, was the first of its kind in Africa. However, it currently represents only about 0.36% of the total currency in circulation. Nigerian experts attribute the slow adoption of the e-naira to its perceived lack of significant benefits...

Bank of England to Carry Out CBDC, Digital Ledger Experiments

30.7.2024
In a new discussion paper, the U.K. central bank also said it wants to ensure stablecoins are interchangeable with the pound

Ethiopia’s Birr Falls 30% After Currency Float; Forex Surrender Requirements Scrapped

29.7.2024
Ethiopia’s birr plunged 30% against the dollar after the central bank floated the currency as part of reforms aimed at correcting foreign exchange market distortions. The bank also eliminated foreign exchange surrender requirements and lifted restrictions on certain imports. In return...

University of Wyoming launches Bitcoin Research Institute

29.7.2024
The Bitcoin Research Institute will open in August as part of the University of Wyoming’s College of Arts and Sciences

Zambia De-Dollarization: Central Bank Seeks to Enforce Kwacha as Sole Legal Tender for Domestic Transactions

27.7.2024
The Bank of Zambia has defended its de-dollarization plans but also seeks input from stakeholders who oppose the proposal. The central bank governor clarified that they are not proposing anything new; instead, the bank aims to enforce existing laws designating the kwacha as the sole legal tender...

Philippines Plans to Introduce Wholesale CBDC by 2029

27.7.2024
Bangko Sentral ng Pilipinas (BSP) plans to introduce its wholesale central bank digital currency (CBDC) by 2029. The Philippine central bank’s CBDC initiative is near its proof-of-concept completion. “This is an innovative payment instrument,” said the BSP deputy governor....

BRICS Poised to Dominate World Bank and IMF, Says Russian Executive Director

27.7.2024
The World Bank Executive Director for Russia forecasts that BRICS nations will soon dominate the World Bank and the International Monetary Fund (IMF), attributing this shift to inevitable macroeconomic and demographic changes away from Western dominance. He emphasized the importance of working...

Digital Shekel Challenge: Bank of Israel Engages 14 Teams for Digital Currency Innovation

26.7.2024
The Bank of Israel has initiated the “Digital Shekel Challenge” to explore the potential of a central bank digital currency (CBDC) system inspired by the BIS Innovation Hub’s “Project Rosalind.” Fourteen teams from various sectors have been selected to propose innovative use cases....

Crypto-Friendly Revolut Finally Earns UK Banking License

25.7.2024
Revolut has entered a "mobilization stage", designed for new banks to operate with restrictions

Swiss Crypto Bank Sygnum Achieves Profitability Amid Rapid Growth

25.7.2024
Swiss-based crypto bank Sygnum has achieved profitability in the first half of 2024, marking a significant milestone in the digital asset industry. The bank’s success is attributed to robust growth across its core business segments, including custody, trading, and lending services. With assets...

Giesecke+Devrient: Ghana CBDC Nullifies the Need for Multiple Intermediaries in Cross-Border Payments

25.7.2024
The recently completed proof of concept by the Bank of Ghana and the Monetary Authority of Singapore demonstrated that the latter’s central bank digital currency enables cross-border payments, excluding many intermediaries and associated costs. Giesecke+Devrient (G+D) stated that the proof...

HSBC Australia to block all payments to crypto exchanges, citing scams

25.7.2024
At least six big Australian banks have taken such action now — a trend one industry executive says is stripping Aussies of their “financial rights” to participate in the digital economy

Crypto bank Sygnum posts profit after doubling crypto trading volumes

25.7.2024
Signum Bank says it's now eyeing further expansion into the European market, aiming to become fully MICA compliant by the first quarter of 2025

Sygnum's First-Half Spot Crypto Trading Doubles, Derivatives Increase 500%

25.7.2024
The surging trading volumes helped the bank reach profitability for the first time

Wyoming Senator to Propose Bill for US Central Bank to Hold Bitcoin, Report Says

24.7.2024
Senator Cynthia Lummis of Wyoming is preparing to introduce new legislation that would require the Federal Reserve to hold bitcoin as a strategic reserve asset, as reported by Fox Business News. According to three anonymous individuals with knowledge of the matter, the bill is set to be announced...

Mercury Bank Blocks Fintech Founders From Nigeria, Ukraine, and a Dozen More Countries

24.7.2024
The U.S.-based fintech company, Mercury, will offboard startups whose founders reside in or whose businesses are headquartered in 14 African countries and six non-African states. Mercury CEO Immad Akhund stated that this decision impacts customers whose deposits constitute less than 1% of Mercury’s...