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Nalezeno "Financial Services": 792

The TradFi-DeFi Tug of War: Is a DeFi-Only Utopia Possible?


  Will Hamilton is Head of Trading & Research at TCM Capital, a wholly-owned subsidiary of Token Capital Management & Technologies Pte Ltd.  __________ Decentralized finance or DeFi is already level pegging with global multinational financial companies in terms of market capitalization and daily...

Swiss National Bank Trials CBDC in Transactions With Five Banks


The Swiss National Bank has successfully employed a wholesale CBDC to settle transactions with five commercial banks, the monetary authority announced. The tests are part of an experiment carried out together with the Bank for International Settlements and Switzerland’s financial services...

How DeFi Can Help Narrow Wealth Gap


  Hisham Khan, CEO of Aldrin, a Solana-powered crypto exchange._____ In 2021, we saw crypto become more accessible to those who truly need it. In 2022, we could finally see the wealth gap start to narrow. While a significant portion fueling the adoption of crypto has been hype and speculation...

Sberbank Launches First Blockchain ETF in Russia


Russian banking giant Sberbank has presented the country’s first exchange-traded fund (ETF) giving investors access to the blockchain space. The new instrument holds securities of companies dealing with cryptocurrencies and the technologies that underpin them. Sberbank Introduces...

US Regulator Tells Credit Unions They Can Team Up with Crypto Firms


  America’s credit regulator, the National Credit Union Administration (NCUA) has told domestic credit unions that they can partner with third-party cryptoasset service providers to give their members access to crypto markets. The NCUA outlined its stance on crypto in an open letter to unions...

Argentinian Chamber of Fintech Makes Cryptocurrency Regulation Proposal


The Argentinian Chamber of Fintech, a membership-based organization whose goal is to lead the digitization and modernization of the financial services industry, issued a series of recommendations for the upcoming regulation of virtual assets in the country. The proposed framework asks...

Kenya Based Fintech Kwara Raises $4 Million in Seed Round


A Kenya based fintech, Kwara has raised $4 million in a seed round that was led by Breega VC firm. The funds will be used to create an app that allows members of credit unions to access financial services. The Rising Demand for Financial Services by Credit Union Members Kwara, a Kenyan fintech that...

Bank of Russia Rejects Provision of Crypto-Related Financial Services


Russia’s central bank has voiced opposition to the provision of financial services related to cryptocurrencies. The monetary authority believes such offerings would go against the interests of Russian investors as they are highly risky. Central Bank of Russia Unwilling to Allow Financial...

Japanese Regulator Eyes Stablecoin, Wallet Provider Regulations in 2022


  Japan’s top financial regulator will block firms outside the world of conventional finance from issuing fiat-pegged stablecoins, a leading media outlet has claimed. Per reports in both Japanese and English from Nikkei, the Financial Services Agency (FSA), the government organ that oversees...

BIS Sees 'Important Role' for DeFi, Pushes for Increased Regulation


  A new report from the Bank for International Settlements (BIS), sometimes called the central bank of central banks, has come to a somewhat unexpected conclusion that decentralized finance (DeFi) could play “an important role” in the traditional financial system - but warned about potential...

Famed Economist Doubts Bitcoin Will Become Global Currency


Mohamed El-Erian, chief economic advisor at financial services company Allianz, says that bitcoin is not going to be a global currency and will not replace the U.S. dollar. However, he believes the cryptocurrency will always exist in the ecosystem and will not be regulated out of existence. Bitcoin...

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