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Indian Supreme Court Postpones Crypto Case to November
15.10.2019
The Supreme Court of India on Tuesday once again postponed hearing the case against the crypto banking restrictions by the Reserve Bank of India (RBI). The central bank has replied to crypto exchanges’ representation as directed by the court, which was supposed to resume hearing the case...
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...
Dutch Central Bank: World Will Need Gold if Entire System Collapses
14.10.2019
Crypto-skeptic Dutch central bank admits gold superiority to fiat money
Coinbase Receives E-Money License From the Central Bank of Ireland
13.10.2019
Coinbase has secured a new legal foothold in Europe. The San Francisco-based cryptocurrency exchange has received an e-money license from the Bank of Ireland, which it can potentially use to continuing serving its customers across the continent, in case Brexit causes any disruptions. Also Read:...
Coinbase Acquires E-money License from the Central Bank of Ireland
12.10.2019
The leading cryptocurrency exchange, Coinbase, which is being backed by the Spanish bank BBVA and the New York Stock Exchange, is all set to proliferate its business operations in the European market space after securing an e-money license from the Central Bank of Ireland. On October 11, 2019,...
No Obvious Requirement for National Crypto: Head of Central Bank of Russia
12.10.2019
The Head of Central Bank of Russia, Elvira Nabiullina, doesn’t think the country requires a national digital currency of its own, as per the reports of Russia’s news outlet Tass. Nabiullina also disclosed that the Bank of Russia had been studying the matter, and the requirement of issuing...
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
UK’s Central Bank Establishes Provisions for Facebook’s Libra
9.10.2019
The Bank of England has established provisions for Facebook’s Libra should it be issued in the country
Swiss Central Bank to Explore Use of Digital Franc in Settling Trades
9.10.2019
Switzerland’s central bank and the SIX stock exchange will study using a central bank digital currency to settle trades of tokenized assets
Major German Coop Bank Passes Negative Interest Rates to Customers
9.10.2019
One of Germany’s largest cooperative banks has begun charging its retail customers a negative interest rate. Other major banks could follow suit since the European Central Bank cut the deposit rate to a record low. Deutsche Bank recently said that it needs to be “much more robust about...
Swiss National Bank to Research CBDCs at New BIS Innovation Hub Centre
8.10.2019
The Swiss National Bank and SIX Group to research digital central bank money within new BIS Innovation Hub
Indian Supreme Court Sets Date to Hear Crypto Case Next Week
7.10.2019
The Supreme Court of India has confirmed a new date to hear the crypto case after multiple delays. During the last hearing, the court directed the Reserve Bank of India (RBI) to reply to crypto exchanges’ representation within two weeks, which the central bank has done. Also read:...
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...