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Another UK bank serves anti-crypto notice to customers
22.4.2021
U.K. commercial bank NatWest says it does not want to do business with clients and customers who deal in crypto
China's digital yuan could be a fatal blow for Macau casino junkets
22.4.2021
Macau's casino junket operators have already been on the rocks during the coronavirus pandemic, and some fear that they could be “faded out” following the introduction of a fully traceable digital yuan
Binance has appointed new head of ‘Greater China’
21.4.2021
It’s not entirely clear when Terence Zeng assumed his leadership role, though the appointment appears to have been recent
Expert explains why Britain needs a digital pound
21.4.2021
One of the contributors to the Bank of England's preliminary CBDC research tells us why a digital pound is neccessary in the United Kingdom
Another South African Company Reveals Plans to List a Crypto ETF on Local Stock Exchange
21.4.2021
Fresh reports from South Africa suggest another local company, Sygnia, is set to apply to the Johannesburg Stock Exchange (JSE) to list a new cryptocurrency exchange-traded fund (ETF). This application will be the second time Sygnia has attempted to list the crypto ETF. A similar application...
Nigeria Money Printing Controvesy: CBN Governor’s Remarks Attacked, Government Denies It Financed Deficit via Money Printing
21.4.2021
The fallout sparked by reports that the Central Bank of Nigeria (CBN) printed over $150 million for states’ funding continued a few days after the allegations were initially made. In the latest twist, the opposition People’s Democratic Party (PDP) vice-chairman Dan Orbih said the...
First Bank Caps Remittances in Bid to Block Kimchi Premium Opportunists
20.4.2021
One of South Korea’s biggest commercial banks, Woori, has fallen into line with government efforts to restrict the flow of money overseas in crypto purchases by imposing limits on remittances made to individuals and companies based in China.
Woori was the first to blink after the government...
Oracle Service API3 Partners With the Open Banking Project, Plans to Connect 400 Banking APIs to Blockchain
20.4.2021
On Monday, the oracle provider API3 announced a ten-year partnership with the Open Bank Project in order to connect more than 400 banking APIs to blockchain smart contracts using API3’s Airnode. The collaboration between API3 and the Open Bank Project aims to bridge conventional banking with...
Morgan Stanley Says Central Bank Digital Currencies Not a Threat to Cryptocurrencies
20.4.2021
Major investment bank Morgan Stanley believes that central bank digital currencies are not a threat to the existence of cryptocurrencies. The bank believes that both types of digital currencies can coexist because they serve different purposes and have different appeals. Cryptocurrencies and CBDCs...
Federal Reserve Bank President Says Bitcoin Is Clearly a Store of Value
20.4.2021
The Federal Reserve Bank of Dallas president says bitcoin is clearly “a store of value.” Emphasizing the differences between cryptocurrencies, like bitcoin, and central bank digital currencies, he said the latter “won’t necessarily be a store of value.” Fed Bank Chief...
China Calls Bitcoin and Stablecoins ‘Investment Alternatives’ for the First Time Since Crypto Crackdown
20.4.2021
After the well-known crypto crackdown launched by the Chinese government four years ago, it seems there is now a change in the tone from the country’s central bank. At least that’s what has been suggested recently by the deputy governor of the People’s Bank of China (PBoC)....
Bank of England and HM Treasury Launch a Central Bank Digital Currency Taskforce
19.4.2021
Her Majesty’s Treasury and the Bank of England have revealed the establishment of a central bank digital currency (CBDC) taskforce. According to the announcement, the group’s purpose aims to explore a potential UK CBDC. UK Entities Invoke a CBDC Taskforce to Explore a Central...
Bahamas ranked first for retail CBDC development, according to PwC
19.4.2021
Countries like the Bahamas and Thailand are on the leading edge of CBDC development, according to a new research report
Société Générale Launches Blockchain-Based Structured Product
19.4.2021
French financial services giant Société Générale has issued security tokens on Tezos’ public blockchain as part of its ongoing experimentation with cutting-edge fintech applications. Latest Move Reflects Bank’s Efforts to Fold Cryptocurrency Operations Into...
China aims to let foreigners use digital yuan at Winter Olympics in 2022
19.4.2021
China wants to allow foreign athletes and visitors to use the county’s digital currency during the Beijing Winter Olympics in 2022
UK government establishes central bank digital currency task force
19.4.2021
The United Kingdom is the latest country to begin exploring the possibility of creating a central bank digital currency
Chinese Central Bank Calls Bitcoin an ‘Investment Alternative’
19.4.2021
China may be softening its tone on cryptoassets, almost four years after it exacted a crackdown on bitcoin (BTC), altcoins and crypto exchanges, with encouraging remarks from Li Bo, the new deputy governor of the central People’s Bank of China (PBoC).
Li Bo was quoted by multiple media outlets...
Bank of America Survey: 74% of Fund Managers See Bitcoin as a Bubble
19.4.2021
The most recent Bank of America Fund Manager Survey shows that about three out of four professional investors think that bitcoin is a bubble. The fund managers also rated bitcoin second on the list of the most crowded trades. Recently, investment bank JPMorgan also warned that cryptocurrency as...
China is studying crypto as an investment tool, says PBoC deputy governor
18.4.2021
The central bank official said stablecoins issued by private companies may require "stronger regulatory rules" than Bitcoin
P2P Bitcoin Traders in Nigeria Think Outside the Box in the Wake of CBN Restrictions
18.4.2021
After the Central Bank of Nigeria issued a directive targeting the country’s cryptocurrency industry, bitcoin and altcoin trade volumes on centralized exchanges immediately plunged. Nevertheless, the new regulations seem to have succeeded in boosting crypto trade volumes on informal markets...