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Japanese bank Sumitomo Mitsui launches the country's first 'a-1' rated security token

30.3.2021
Sumitomo Mitsui has partnered with Securitize to launch Japan’s first security token that complies with the country’s Financial Instruments and Exchange Act

Soros CIO: Central Bank Digital Currencies a Real Threat to Crypto but Won’t Permanently Destabilize Bitcoin

29.3.2021
Soros Fund Management’s chief investment officer (CIO) says that central bank digital currencies are a potential threat to bitcoin and other cryptocurrencies but it will only be temporary. She also says that bitcoin is taking some of gold’s buyer base away. Crypto’s...

Bahamas' Sand Dollar nears commercial rollout as interoperability completed

29.3.2021
Following cybersecurity assessments, commercial institutions are being cleared to issue the world's first CBDC — the Bahamas' Sand Dollar

Payment Giant Visa Integrates USDC Stablecoin Support for Settlement

29.3.2021
On Monday, the American multinational financial services corporation Visa announced that digital currency payments have arrived on Visa’s settlement platform. The payment giant revealed that the company will leverage USD coin (USDC), the regulated token built on top of the Ethereum network....

The Fed Plans to Unveil Digital Dollar Prototypes in July

28.3.2021
The Federal Reserve is actively working on a central bank digital currency and some prototypes are near completion. The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) plan to unveil two prototypes of a digital dollar as early as July. Digital Dollar Prototypes...

Survey Shows 77% of Americans Are Concerned About Rising Inflation, Prices for Goods Are Soaring

28.3.2021
Since well before the Covid-19 outbreak was found in America, the U.S. Federal Reserve invoked a number of monetary easing policies. Then throughout 2020, the central bank created a quarter of all the USD ever issued in less than 12 months to help the economy during the outbreak. Despite Fed Chair...

Russian Anti-Money Laundering Body Will Monitor Crypto to Fiat Transactions, Says Official

28.3.2021
Herman Neglyad, the deputy of the Russian anti-money laundering body, Rosfinmonitoring, has said his organization will monitor cryptocurrency transactions that involve the conversion from crypto to fiat. Neglyad made this revelation during a recent meeting of the State Duma Committee on financial...

Chinese Citizens Can Now Apply for the Digital Yuan Wallet Through 6 State-Owned Banks

26.3.2021
Following the interview with Ma Changchun, the head of the People’s Bank of China-run Digital Currency Research Institute, a recent report indicates that residents from Beijing and Shanghai can now apply for a digital yuan wallet. According to the report, six different Chinese banks will...

Bank of International Settlements Chief Says Cryptocurrencies Being Used to Evade Laws- Advocates for More Regulation

26.3.2021
Agustin Carstens, the general manager at the Bank of International Settlements (BIS), has claimed that cryptocurrencies are “used to evade laws and should therefore face more regulation.” Carstens, who has attacked bitcoin in the past, suggests that many crypto assets are “used...

China’s digital yuan os backup to AliPay and WeChat Pay, says official

26.3.2021
Alibaba’s Alipay and Tencent’s WeChat Pay reportedly account for 98% of the mobile payment market in China

RBI Governor Says Government and Central Bank Agree on Cryptocurrency Approach

26.3.2021
RBI Governor Shaktikanta Das says that there is no difference of opinion between the Reserve Bank of India (RBI) and the finance ministry on cryptocurrencies. While the finance minister said that the government will not shut off all options and will take a calibrated position regarding crypto...

Jamaica's central bank taps Irish tech outfit for CBDC project

26.3.2021
The Bank of Jamaica has partnered with an Ireland-based tech firm for its central bank digital currency project scheduled to begin in May

Jamaica Plans to Pilot a Central Bank Crypto, CBDC to Work Alongside Notes and Coinage

26.3.2021
While a number of countries are working on central bank digital currencies (CBDCs), on Tuesday, the Bank of Jamaica (BoJ) announced it will soon be piloting a CBDC project. The BoJ is working with a firm called Ecurrency Mint Incorporated and plans to pilot the cryptocurrency in May. Jamaican CBDC...

Avanti Financial raises $37 million to launch institutional crypto bank

26.3.2021
The digital asset bank will be aimed at institutional investors only, and there is no exchange planned

Major South Korean Bank BNK Busan Plans to Offer Banking Services to Domestic Crypto Exchanges

26.3.2021
The South Korean crypto frenzy among the banking industry remains on fire, as another major bank is treading waters to offer banking services for crypto exchanges. The BNK Busan Bank launched a program that consists of visiting competitors’ banks that already offer it. BNK Busan Is Visting...