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China's Central Bank Cracks Down On Crypto Trading

21.6.2021
Source: iStock/杨培培 Today, the People’s Bank of China said that major banks and payment institutions promised they will not engage in crypto-related activities following a meeting with the market regulator. The central bank said it summoned several major financial players, such as Industrial...

Signature Bank’s Blockchain Payment Platform to Accept Trueusd Stablecoin

21.6.2021
As Signature Bank expands its commercial banking offerings, the trueusd stablecoin has been integrated with its Signet blockchain-based digital payment platform to deliver instant dollar payments. Signet Integration to Deliver 24/7 Dollar Payment and Settlement As more enterprises flirt with...

Banque de France tests digital currency-based securities settlement

21.6.2021
The Bank of France has completed a central bank digital currency pilot for securities transactions in collaboration with Swiss crypto bank SEBA

China's 3rd largest bank 'rugs' BTC: 5 things to watch in Bitcoin this week

21.6.2021
A statement threatening account closures for crypto activity causes mayhem before being deleted minutes later as FUD rules supreme on Bitcoin markets this week

TSB Bank Plans to Ban Cryptocurrency Purchases Due to Increasing Fraud Numbers: Report

21.6.2021
TSB, a British bank, is planning to ban cryptocurrency purchases due to fraud concerns. The company reported an alarming number of fraudulent transactions on cryptocurrency purchases. Reportedly, transactions involving Binance, the cryptocurrency exchange behemoth, are involved in two-thirds...

Chinese Big-four Bank to Crack Down on Crypto, Will ‘Report’ Offenders

21.6.2021
One of China’s biggest commercial banks, the Agricultural Bank of China, said it will crack down on crypto transactions, and will seek to block accounts connected with bitcoin (BTC) and crypto-related activity. The bank has issued a terse and short statement on the matter, which was published...

Russian Billionaire Slams Central Bank’s Crypto Policy, Says Even El Salvador Realizes the Need for Bitcoin

21.6.2021
Russian billionaire Oleg Deripaska wants the Bank of Russia, the country’s central bank, to embrace cryptocurrency, citing El Salvador’s bitcoin law as an example. El Salvador recently passed a bill making bitcoin legal tender in the country. Billionaire Oleg Deripaska is the founder...

Bank of Uganda Launches Regulatory Sandbox Framework — One Fintech Firm Already Approved

20.6.2021
The Bank of Uganda (BOU) has announced the launch of a regulatory sandbox that will allow fintech start-ups to test their innovative financial solutions in a controlled environment. Already, one firm, M/S Wave Transfer Limited, has received approval to test its quick response (QR) technology under...

$3.6 Billion Crypto Heist: South African Bank Denies Business Relationship With Fraud Accused Africrypt

19.6.2021
According to local media, leading South African financial institution FNB is denying allegations of a banking relationship with the recently collapsed crypto investment company, Africrypt. FNB also insists it did not enable the investment company’s transactions which helped Africrypt’s...

Spanish Deputies File Proposal to Accelerate the Creation of a Digital Euro

19.6.2021
A group of Spanish deputies filed a proposal that seeks to accelerate the implementation of a digital euro. The proposal, presented on June 8, asks for the creation of a group to study the implementation of a digital currency in the Eurozone. This study group, if created, would be aided by the Bank...

Danske Bank Takes Position on Cryptocurrencies, Will Not Interfere With Crypto Trading

19.6.2021
Danske Bank will not block credit cards used in crypto trading, according to its newly announced position on cryptocurrencies. The Danish bank would also accept deposits related to crypto investments, although it follows a cautious approach towards decentralized digital assets. Denmark’s...

Goldman Sachs Leverages Crypto Management Firm Galaxy Digital to Swap Bitcoin Futures

19.6.2021
Galaxy Digital’s co-president Damien Vanderwilt announced today that his firm has partnered with Goldman Sachs to help provide bitcoin futures products. The partnership marks one of the first occasions where an American multinational investment bank has partnered with a crypto asset service...

Spain’s BBVA Opens Bitcoin Trading to All Private Banking Clients in Switzerland

18.6.2021
Spain’s second-largest bank, BBVA, is opening up its bitcoin trading and custody service to all private banking clients in Switzerland in a few days. The bank has been testing the cryptocurrency service for six months. “The bitcoin management system is fully integrated” in...

Over 3,000 ATMs in Beijing can now convert digital yuan into cash

18.6.2021
The Agricultural Bank of China previously debuted digital yuan ATMs this January

Banking giant BBVA debuts Bitcoin trading and custody for Swiss clients

18.6.2021
BBVA Switzerland will soon begin offering Bitcoin trading to private banking clients while not providing any advisory services on crypto investments

Russian oligarch Deripaska blasts Bank of Russia for ignoring Bitcoin

18.6.2021
Russia needs to move to Bitcoin to provide a “real financial instrument enabling independence in foreign trade settlements,” Deripaska argued

'Crypto Bank Run' Shows Mark Cuban That DYOR Comes Before Regulation

18.6.2021
Mark Cuban. Source: a video screenshot, Youtube, The Filmy Amid the algorithmic stablecoin debate prompted by what decentralized finance (DeFi) protocol Iron Finance called "the world’s first large-scale crypto bank run," many in the Cryptoverse came down quite hard on Dallas Mavericks...