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Mexico’s Third Richest Man Recommends Bitcoin, His Bank Is Working to Accept BTC, Says Fiat Money Is a Fraud
28.6.2021
Ricardo Salinas Pliego, Mexico’s third-richest man and founder of Grupo Salinas, sees bitcoin as an asset with extraordinary properties, describing the cryptocurrency as “gold for the modern world.” He recommends bitcoin, thinks that fiat money is a fraud and the idea of the U.S....
Indian Banks Halting Services to Crypto Industry Post RBI Clarification
27.6.2021
Several Indian banks have reportedly halted services to customers dealing in cryptocurrencies despite the central bank, the Reserve Bank of India (RBI), informing them that the banning circular is no longer valid. The latest bank to join the fray is IDFC First Bank. IDFC First Bank has become...
Crypto Travel Rule Working Group Launches 2.0 Protocol ‘Solving the Discoverability Problem’
26.6.2021
Just before the Financial Action Task Force (FATF) published the organization’s 12-month review, a working group called the Travel Rule Protocol (TRP) released its 2.0 version of the TRP crypto application programming interface (API) in order to “simplify the end-user crypto exchange...
Palestinians Ponder Digital Currency as Move for Monetary Independence
26.6.2021
The Palestine Monetary Authority is exploring the possibility of issuing its own digital currency. For Palestinians, the minting of a national coin would represent a step, at least a symbolic one, towards achieving monetary independence from the State of Israel. Digital Currency to Help...
10,000 Financial Institutions Can Now Let Customers Buy, Sell, Hold Bitcoin Through Their Bank Accounts
25.6.2021
Banks and credit unions of all sizes can now facilitate the buying, selling, and holding of bitcoin within their banking platforms thanks to a collaboration between Finserv and New York Digital Investment Group (NYDIG). Finserv currently has about 10,000 financial institution clients. All Banks...
Blockchain not suitable for CBDC, says Swiss national bank economist
25.6.2021
Global economists continue to question the implications of blockchain implementation for central bank digital currencies
Citigroup Launches Digital Assets Group to Provide Clients Access to Cryptocurrencies
25.6.2021
Citigroup has reportedly set up a “digital assets group” to offer clients access to cryptocurrencies, which will operate within the bank’s wealth management division. Citigroup has established a “digital assets group” within its wealth management unit, according to...
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