Search
US Consumer Protection Agency Issues Warning on Payment Apps Following Collapses of Crypto Firms, Banks
2.6.2023
The US Consumer Financial Protection Bureau issued a warning on Thursday for people using person-to-person services to store funds, reminding them that they are not federally insured, in the wake of FTX and multiple bank collapses.
Transaction volumes on payment apps have “substantially...
Fed board issues order to Silvergate Bank as part of self-liquidation plan
1.6.2023
Silvergate Capital Corporation and its crypto-friendly bank will have 10 days to submit a self-liquidation plan in compliance with California and federal requirements
Binance Buying Bank Not Solution for Banking Problems, Says CEO Changpeng Zhao
1.6.2023
Acquiring a bank wouldn’t solve the issues with banking for Binance or others, the CEO of the largest crypto exchange is convinced. Speaking in the aftermath of the collapse of crypto-friendly banks in the U.S. and amid Binance’s issues with payment providers in Australia, Changpeng Zhao said...
Japanese Stablecoin Ban Lifted, Banks Prepare Move
1.6.2023
Japanese firms can now issue stablecoins, after a long-awaited piece of legislation came into effect today.
The revised Payment Services Act was promulgated at midnight on June 1, 2023.
Under the terms of the act, all token-issuing firms must be able to prove they have the underlying assets that...
Central Banks Show ‘a Lot More Pessimism’ About US Dollar, Survey Shows
1.6.2023
The latest gold reserves survey by the World Gold Council shows that central banks are less optimistic about the future role of the U.S. dollar while their confidence in gold has risen. “There was basically a lot more pessimism about the U.S. dollar and a lot more optimism for gold,”...
Former House Rep blames industry outsiders for associating crypto with bank's failure
31.5.2023
According to Barney Frank, Signature Bank's only issue prior to regulators seizing control in March was "crypto-fear inaccurate withdrawals."
Hong Kong and UAE Central Banks Join Forces on Crypto Regulations
31.5.2023
Both Hong Kong and the United Arab Emirates (UAE) have strengthened ties after their respective central banks (CBUAE) and monetary authorities (HKMA) agreed to join forces on crypto regulation earlier this week.
The parties held a meeting in Abu Dhabi on Monday to “enhance collaboration between...
Today in Crypto: Xapo Integrates USDT Payment Rails, Police Reportedly Detains Trust Reserve Core Team, Reserve Bank of India Deputy Governor Recommends All Banks Adopt Blockchain & AI
31.5.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Xapo Integrates USDT Payment Rails, Police Reportedly Detains Trust Reserve Core Team, Reserve Bank...
New Nigerian President Slates Central Bank’s Interest Rate and Currency Demonetization Policy
31.5.2023
The new Nigerian president Bola Ahmed Tinubu has deplored the Central Bank of Nigeria (CBN)’s aggressive interest policy which he has reportedly labeled “anti-people” and “anti-business.” Tinubu also announced the scrapping of a fuel subsidy which has been in existence...
Indian banks asked 'to prepare for the future' with AI and blockchain
31.5.2023
In an RBI-organized conference for the directors of Indian banks, deputy governor Mahesh Kumar Jain discussed risk strategies around sustainable growth and stability
Hong Kong and UAE central banks collab on crypto rules, fintech development
31.5.2023
The two central banks are aiming to align their financial service sectors and said both share “many complementary strengths.”
Binance considers allowing traders to secure collateral at banks: Report
30.5.2023
It has been reported that Swiss-based FlowBank and Liechtenstein-based Bank Frick have been mentioned as potential intermediaries for this service
Robert Kennedy Jr Slams SEC for Protecting Banks Instead of American People — Calls for Crypto-Friendly Commissioners
30.5.2023
U.S. presidential candidate Robert F. Kennedy Jr. says he does not want anti-crypto people on the Securities and Exchange Commission (SEC). He also slammed the securities regulator for protecting banks rather than the American people. “What they’re doing is obscure, it’s...
Institutions seek detailed blockchain analytics for crypto adoption — Elliptic
28.5.2023
Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions
Brazil Sees BRICS Bank as Alternative Financial Institution, President Lula Says
27.5.2023
The government of Brazil views the development bank established by the BRICS bloc as an alternative to traditional financial institutions, the country’s head of state told African diplomats. President Lula da Silva also vowed that the bank will improve cooperation with its African counterpart....
Seven Central Banks Contemplate the Future of Retail CBDCs in Latest Report
26.5.2023
The Bank for International Settlements, which serves as a “bank for central banks,” released its latest paper examining retail central bank digital currencies, as its members “are approaching a point” as to whether or not they should move forward in their CBDC work.
Central banks representing...
7 central banks and BIS continue examination of ongoing policy issues for retail CBDC
25.5.2023
The Bank for International Settlements has published the fifth paper by the group, highlighting its latest thinking on a potential retail CBDC
German banks slowly adopt crypto, mostly for institutional investors
25.5.2023
Doubts regarding crypto remain among German banks, but there is a growing concern about missing out on a potentially game-changing development
Bitpanda Partners With Coinbase to Help Europe’s Banks Offer Crypto to Customers
25.5.2023
Coinbase will use Bitpanda Technology Solutions, a business-to-business infrastructure layer provider, to connect directly into banks and fintechs
Putin Wants Limit on Currency Purchases for Russians Dealing With Foreigners
24.5.2023
Russian citizens and firms doing business abroad may soon be restricted in the amount of foreign currency they are allowed to acquire, on order from Vladimir Putin. Russia’s head of state now wants his government to cap such purchases on the domestic forex market. President Putin Orders Russian...