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Absa Bank (S. Africa) Bars Clients From Dealing With Binance
25.6.2021
Imposing a ban on the purchase of digital coins, a Bank in South Africa, Absa Bank, has prohibited clients from purchasing cryptocurrencies on the Binance crypto exchange. Absa Bank, one of the largest banks in the region, has taken the step owing to Binance’s non-compliance with its policies...
Tanzania central bank may rescind crypto ban after presidential endorsement
25.6.2021
President Samia Suluhu Hassan’s positive stance on crypto could see Tanzania’s central bank reversing its previous cryptocurrency prohibition
Palestine monetary authority mulls digital currency as ‘political signal‘
25.6.2021
Analysts note that the occupied territories' macroeconomic and political conditions don't allow for a digital currency to operate as a means of exchange but stress its potential value at a symbolic level
Report: Nigerian NFT Artists Thrive Despite Bubble Fears and Ongoing Central Bank Anti-Crypto Restrictions
25.6.2021
Nigerian artists are now increasing their net worth by leveraging the art world’s lucrative pivot to non-fungible tokens (NFT). According to reports, this move to NFTs is happening despite the Nigerian central bank’s renewed anti-crypto stance. NFT Bubble Concerns As a recent CNN report...
Better, faster, cheaper: How DeFi will kill the retail bank
25.6.2021
The battle for global consumer deposits is going to be the fight of the century. But to vanquish old-fashioned banks, the DeFi sector needs to up its game
Mica Law Draft Designates CNMV and Bank of Spain as Crypto Watchdogs
25.6.2021
The latest Mica (Europe’s Markets in Crypto-Assets Regulation) revision designates the CNMV and the Bank of Spain as the main cryptocurrency watchdogs in the country. The draft also stipulates that companies offering services in the EU will need to be based in a European country. The norm...
Hurry up and Regulate Crypto, Urges Ukrainian Central Bank
25.6.2021
The policy-making unit of the Ukrainian central bank has called on the nation’s government to speed up the rollout of crypto legislation.
In an official release, the National Bank of Ukraine (NBU)’s governing council urged Kyiv to hurry up with its long-awaited regulation, urging the executive...
NYDIG and Q2 partner to enable Bitcoin trading for 18M US bank customers
24.6.2021
Millions of people in America could soon be able to buy Bitcoin from their bank accounts following a partnership led by NYDIG and Q2
BIS: Cryptocurrencies Are Often Used in Financial Crimes, Money Laundering, Ransomware Attacks
24.6.2021
The Bank of International Settlements (BIS) says that it is now clear that cryptocurrencies are not money but speculative assets, emphasizing that in many cases they are used “to facilitate money laundering, ransomware attacks, and other financial crimes.” BIS Criticizes...
JPMorgan Survey: 49% of Institutional Investors Agree Cryptocurrency Is ‘Rat Poison’ as Warren Buffett Says or a Fad
24.6.2021
Investment bank JPMorgan conducted a survey of thousands of investors from 1,500 institutions and found that 49% of them think that cryptocurrency is either “rat poison squared,” the term used by Berkshire Hathaway CEO Warren Buffett to describe bitcoin, or “a temporary...
Mike Novogratz: Institutional Investors Will See Bitcoin’s Price Decline as Opportunity to Buy
24.6.2021
Galaxy Digital CEO Michael Novogratz says he is not nervous about bitcoin’s price falling, even when it falls below $30K. “The ecosystem is so much more mature. The amount of players that are moving in are so much more mature. Every single bank is working on their own crypto...
BIS optimistic about central bank digital currencies
23.6.2021
The central bank of central banks says CBDCs are necessary for maintaining the status quo of the legacy financial system
Bank of Israel steps up CBDC efforts with reported tests on Ethereum
23.6.2021
The Bank of Israel has experimented with using Ethereum and nonfungible tokens for a pilot as part of its ongoing digital shekel research, a local report claims
South Africa Bank Blocks Clients From Buying Crypto on Binance, Exchange Rejects Allegations
23.6.2021
A South African bank, Absa, has reportedly blocked use of its credit cards for users buying cryptocurrencies on international exchanges, according to one media report. The claims come after clients of the financial institution reported receiving a text message informing them of the suspension...
Rwanda Central Bank Joins CBDC Bandwagon After Announcing Digital Currency Research
23.6.2021
The National Bank of Rwanda (NBR) has become the latest African central bank to join the digital currency movement after an employee confirmed the institution is studying the possibilities of issuing its own digital currency. CBDC Implications on Financial Stability According to the employee, John...
Bank of France, Swiss Crypto Bank Test Securities Settlement Using CBDC
23.6.2021
The Bank of France has successfully completed an experiment involving the use of CBDC to settle listed securities. The test has been carried out with the help of an alliance of partners led by SEBA Bank, a digital asset banking provider based in the Swiss crypto valley. Central Bank and Crypto...
New Bank of America Report Says Digital Currencies ‘Could Boost Economic Growth’ in Developing Countries
23.6.2021
A new Bank of America (BOA) research study has found that both central bank digital currencies (CBDCs) and private digital currencies hold “a lot of potential” for increasing financial inclusion in developing countries. In the report, the bank also argues that such “digital...
Iran Seizes 7,000 Bitcoin Mining Machines
22.6.2021
Iranian police have reportedly seized 7,000 bitcoin mining machines operating illegally in the country. The machines were found in an abandoned factory west of the capital. 7,000 cryptocurrency mining machines have been seized by Iranian authorities, state news agency IRNA reported Tuesday, noting...
Portugal Begins Approving Cryptocurrency Exchanges — Two Licensed So Far
22.6.2021
Portugal now has two approved cryptocurrency exchanges. The country’s central bank, the Banco de Portugal, has licensed Mind the Coin and Criptoloja. In Portugal, the central bank is responsible for registering entities that intend to act as virtual asset service providers (VASPs). The bank...
Chris Giancarlo: U.S. risks becoming 'backwater' without central bank digital currency
22.6.2021
The former CFTC chairman weighs in on what a U.S. CBDC might look like, as well as the benefits it could bring to American citizens