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Pandemic has accelerated the rollout of CBDCs by 5 years, says blockchain firm
9.7.2021
"There is also no doubt in our mind that a major central bank will soon launch a digital currency and we expect this to happen within the next three years," said Guardtime
After Barclays, Santander Bank Blocks Payments to Binance in UK Citing Customer Protection
9.7.2021
Santander Bank in the U.K. has become the latest high street bank in the country to block fund transfers to cryptocurrency exchange Binance. Recently, Barclays and Natwest banks reportedly made a similar move. A number of Santander Bank customers reported on social media that they have received...
IMF, World Bank and BIS champion central bank digital currencies at G20
9.7.2021
A new report released by the triumvirate of global finance argues that central bank digital currencies will benefit worldwide development
11% of Central Bankers Consider ‘Cryptocurrencies Like Bitcoin’ Gold Alternatives: UBS Survey
9.7.2021
A UBS survey finds that central bankers see benefits in investing in cryptocurrencies like bitcoin. 28% see benefits from cryptocurrency being an uncorrelated asset and “11% would consider it as an alternative to gold.” Central Bankers See Benefits in Investing in Cryptocurrencies Like...
Shanghai Man: Central bank speaks out, BTC searches down and HK fund backs Animoca
9.7.2021
PBoC says no to virtual currencies, Jack Ma's fund invests $50m into NFT game maker, searches for BTC in China at 90 day low
Bank of America Establishes Cryptocurrency Research Team
9.7.2021
Bank of America has become the latest major bank to make a foray into the cryptocurrency sector. According to an internal memo, the bank has created a team dedicated to researching cryptocurrencies. Bank of America believes that it is “uniquely positioned to provide thought leadership”...
First Midwest Bank Trust Division increases Grayscale Bitcoin Trust holdings by 283%
8.7.2021
A report on the firm's holdings to the SEC for Q2 2021 revealed the bank's trust division had 29,498 shares in Grayscale's Bitcoin Trust, worth more than $880,000
Bank of America reportedly establishes crypto research team
8.7.2021
Candace Browning, the bank's head of global research, described cryptocurrency as "one of the fastest growing emerging technology ecosystems."
Thailand's central bank warns against using digital currencies for payments
8.7.2021
The BOT said it may be forced to coordinate with the Securities and Exchange Commission to ensure crypto payments do not pose "extensive risks to the general public or the economic and financial system."
France and Singapore pilot cross-border CBDC transactions
8.7.2021
The central banks of France and Singapore are working on a digital currency interoperability system supporting multiple global CBDCs
China's central bank worried about stablecoins' risk to financial systems
8.7.2021
While Visa and other major private payments networks see the potential of stablecoins, China's central bank believes they pose serious risks to global financial systems
Chinese Central Bank Opts For Usual CBDC Rhetoric In Bashing Bitcoin, Stablecoins
8.7.2021
Source: Adobe/Prostock-studio
Similarly to other central banks, China’s central bank has taken another swipe at bitcoin (BTC), stablecoins and “private digital currencies” – claiming that they have inherent potential “risks that threaten financial security.”
At a recent press conference, Fan Yifei...
New Zealand's Reserve Bank consulting public on a potential CBDC
8.7.2021
The Reserve Bank of New Zealand will look at the potential for a CBDC “to work alongside cash as government-backed money,” and assess the issues around the emergence of crypto assets such as stablecoins
Goldman Sachs Sees More Potential in Ether Than Bitcoin
8.7.2021
Global investment bank Goldman Sachs says ether is the cryptocurrency with the highest real use potential and it could overtake bitcoin as the dominant digital store of value. Ether Could Overtake Bitcoin as Dominant Store of Value, Says Goldman Sachs Goldman Sachs shared its view on the future...
Chinese Bank Employees Told to Entice 300 Customers to Use the Digital Yuan
7.7.2021
In mid-May, a report stemming from residents in Shenzhen, China explained that the digital yuan wasn’t seeing widespread participation, which the Chinese government has alluded to in many press releases. Now a handful of China’s state-owned banks have asked staff to recruit 200 to...
Bank of Jamaica to begin digital currency pilot in August
7.7.2021
The Bank of Jamaica is getting ready to begin testing its planned central bank digital currency in collaboration with financial institutions in the country
Report: Fintech’s Growing Popularity a Threat to Profitability of Nigerian Banks
7.7.2021
Financial technology companies (fintechs) are now among the biggest threats to the overall profitability of Nigerian banks, analysts from the country’s Coronation Merchant Bank (CMB) have warned. The Efficiency of Fintech As a report carried by local media explains, this threat from fintech...
Ukraine’s Monobank to Allow Customers to Trade Bitcoin
7.7.2021
Monobank, a mobile bank operating in Ukraine, has announced new products and services that will allow users to trade cryptocurrencies and stocks. One of the offerings includes a bitcoin card which the online banking platform is going to launch as early as this month. Monobank to Offer Users Bitcoin...
Sygnum Bank Launches ETH 2.0 Staking – Business Unit Head Says ‘Staking Is a Core Element for Portfolios’
7.7.2021
The Switzerland-based bank Sygnum revealed on Tuesday that the firm now allows Ethereum 2.0 staking. The FINMA-approved company’s customers can access the Ethereum-based staking services via Sygnum’s banking platform. Sygnum’s Banking Platform Offers Ethereum 2.0 Staking Last...
Paybis Rolls Out Instant Bank Payments Globally, Cuts Fees to 0.99%
7.7.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Press Release: Paybis introduces instant bank payments solution for UK and EU; adds support for local bank payments in the US and SWIFT USD for international clients.
7th July 2021, Edinburgh, Scotland - Global...