Search
Bank Raided, Arrests Made but RBI Still Restricts Withdrawals
6.10.2019
The crisis has elevated at the cooperative bank recently placed under regulatory restrictions by India’s central bank. Multiple branches have been raided and several arrests were made. However, the RBI continues to impose a withdrawal limit, preventing bank customers from accessing their...
Fed Official Says Digital Central Bank Currency Is ‘Inevitable’
3.10.2019
Philadelphia Federal Reserve bank president Patrick Harker said it is “inevitable” for the central banks to start issuing digital currency
Central Bank Digital Currency Is ‘Inevitable,’ says the Fed’s Patrick Harker
3.10.2019
Central bank digital currencies are “inevitable,” says Patrick Harker, president of the Federal Reserve Bank of Philadelphia
Trump Pressures Fed for More Rate Cuts as Mega Banks Drain the Balance Sheet
2.10.2019
U.S. President Donald Trump is pressuring the central bank to cut interest rates even further as a spike in oil prices has offset the Federal Reserve’s ‘normalization’ tactics like rate-cutting and overnight repos. Additionally, the mega bank JP Morgan Chase (JPM) is being blamed...
New Evidence Escalates Panic as RBI Still Limits Bank Withdrawals
2.10.2019
Customers of a cooperative bank with 137 branches across India still do not know the fate of their money, which was restricted by the central bank. Evidence of alleged bank fraud has since surfaced, but the RBI still insists that India’s banking system is safe, despite many citizens being...
How G20 Central Bank Digital Currencies Are Progressing
2.10.2019
Central bank digital currency has become a hot topic among finance ministers and central bankers worldwide, with some G20 countries ahead of the rest on work done toward issuing their own digital currencies. Experts have weighed in on their expectations of when the first G20 digital currency will...
Facebook Will Create ‘Shadow Banking’ System, Major U.S. Banks Warn
1.10.2019
Facebook’s Libra will potentially create a “shadow banking” system, according to the banks at the Federal Advisory Council
Venezuela’s Central Bank Indicates Plans to Stockpile Bitcoin
27.9.2019
Various reports reveal Venezuela’s central bank is allegedly contemplating hoarding a variety of cryptocurrencies like BTC within its internal reserves. The state-operated gas company Petroleos de Venezuela SA (PDVSA) has asked to send BTC and ETH payments to Banco Central...
ING’s Chief Economist Predicts Central Bank Digital Currencies in 2-3 Years
27.9.2019
Dutch bank ING's chief economist has said Facebook's Libra is pressuring central banks to launch their own digital currencies
Protests Led RBI to Raise PMC Bank’s Withdrawal Limit
27.9.2019
The Reserve Bank of India has relaxed the withdrawal limit of 1,000 rupees (approximately $14) it placed on a cooperative bank a couple of days ago. The central bank said it aims to reduce the hardship of depositors after many heavy protests followed its original order. Also read: Panic at 137 Bank...
Venezuelan Central Bank is Considering Holding Bitcoin and Ether
26.9.2019
State-owned oil and gas company PSDV asks Venezuelan central bank to explore storing BTC and Ether
Panic at 137 Bank Branches as RBI Limits Withdrawals to ₹1,000
25.9.2019
The Reserve Bank of India has imposed regulatory restrictions on a cooperative bank with 137 branches across India, including limiting customer withdrawals to a total of 1,000 rupees (approximately $14) per account for six months. Police personnel had to be deployed to control angry customers...
Japan’s Central Bank Chief Calls for International Effort on Libra Regulation
24.9.2019
The governor of the Bank of Japan has called for global cooperation in regulating stablecoins like the Facebook-led Libra
China’s Central Bank: Digital Currency Has ‘No Timetable’ for Launch
24.9.2019
China isn’t quite ready to launch a digital token after all, says PBoC
Why Has Brazil’s Central Bank Included Crypto Assets in Trade Balance?
23.9.2019
Brazil’s central bank will classify crypto as nonfinancial products, following IMF guidelines: What does that mean?
PBoC Denies Claims It Will Launch Digital Currency in November
23.9.2019
China's central bank has played down reports that it will issue its digital yuan in November through major banks and companies
Iran Is Being Targeted for Economic Independence, Not Terrorism
22.9.2019
New, unprecedented economic sanctions have been imposed on Iran’s central bank after blame for a September 14 oil field attack was pinned on the nation by U.S. leaders. The sanctions blacklist the Iranian central bank and sovereign wealth fund, further severing the country’s already...
Argentina’s Central Bank to Increase Peso Supply by 5% in 2 Months
19.9.2019
The Argentine peso monetary base will be increased by 2.5% per month in the next two months, the central bank announced
Changes Afoot for Philippine Crypto-Friendly Economic Zone
19.9.2019
The special economic zone in the Philippines known for its crypto friendliness is undergoing some changes. Government-owned Cagayan Economic Zone Authority (Ceza) is investigating a case involving one of its licensed crypto exchanges after a tip from the Chinese government. The authority has also...
Libra Seen as Threat to National Currency Sovereignty, Pleads With G-7
19.9.2019
Libra meets with G-7 regulators amid regulatory hurdles surrounding its launch. Can the Facebook-backed token finally turn the tide in its favor?