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BoE Governor: cryptocurrencies of today are destined to fail long term

26.1.2021
The U.K. central bank governor believes existing cryptocurrencies will fail over the longer term due to their robust privacy features

Bank of England Governor Insists Digital Payments (But Not Crypto) Is Sticking Around

25.1.2021
BoE Governor Andrew Bailey said cryptocurrencies "as originally formulated" are not the ideal form of digital currency

Reserve Bank of India 'exploring the possibility' of a digital currency

25.1.2021
The bank still claimed that government bodies and regulators in India are both “skeptical” and “apprehensive” about crypto

Bank of Singapore Says Crypto Could Replace Gold as Store of Value

25.1.2021
Cryptocurrencies need to overcome a number of hurdles first, though, according to a research note

Shariah-Compliant Crypto Exchange Wins License From Bahrain Central Bank

25.1.2021
Launching soon, CoinMENA said it will offer spot trading in five major cryptocurrencies

Bank of Singapore Says Cryptocurrencies “Could Replace Gold as a Store of Value” but Unlikely to Displace Fiat Currencies

25.1.2021
A new research note released by the Bank of Singapore (BOS) suggests that cryptocurrencies are more likely to replace gold as a store of value. However, the note says it is unlikely that such digital currencies can replace fiat currencies even as their appeal grows. Inefficient Unit of Exchange...

Bahrain central bank licenses Sharia-compliant crypto exchange

25.1.2021
Bahrain-based crypto exchange CoinMENA acquired a major license ahead of its launch in several countries including the UAE and Saudi Arabia

Should I Buy Bitcoin? — Switzerland’s Largest Bank UBS Provides Guidance on BTC Investing

25.1.2021
Switzerland’s largest bank, UBS, has published guidance for clients about investing in bitcoin. The bank answers some important questions, such as whether one should buy bitcoin and other cryptocurrencies and whether bitcoin can be used to diversify portfolios. ‘Should I buy’...

Indian Crypto Exchange Buyucoin Hacked, Sensitive Data of 325K Users Reportedly Leaked

24.1.2021
Indian cryptocurrency exchange Buyucoin has reportedly been hacked and sensitive data of about 325,000 users has reportedly been leaked onto the dark web. According to reports, the leaked data includes personal information, encrypted passwords, user wallet details, order details, bank details,...

Digital Yuan Compatible with at Least Eight Chinese Bank Platforms

23.1.2021
As many as eight commercial Chinese banks may be working on their own digital yuan wallets or banking platforms that can interoperate with the token, with banking groups outside the “big four” also set to roll out their own smartphone-based offerings. The country’s four biggest banks,...

Bitcoin Seen as the Largest Bubble but ‘Tesla More Vulnerable’ — Deutsche Bank Survey

22.1.2021
Deutsche Bank has conducted a survey about financial bubbles. Eighty-nine percent of respondents see some bubbles in financial markets, with bitcoin near the “extreme bubble” territory. However, more respondents expect the cryptocurrency to double than they do Tesla’s stock....

Law Decoded: Bank payments going global with stablecoins and CBDCs, Jan. 15–22

22.1.2021
Retail users may have to wait in much of the world, however

Russia’s Sber Bank Files to Launch Its Own Stablecoin

22.1.2021
Russia's largest retail bank has applied to become a licensed digital assets issuer

BIS Plans Platform for Testing Central Bank Digital Currencies in Cross-Border Payments

22.1.2021
The new platform was announced as part of the BIS Innovation Hub's priorities and programs for 2021

Tether’s Bank Deltec Says Stablecoin Is Fully Backed by Reserves

22.1.2021
"Every tether is backed by a reserve and their reserve is more than what is in circulation," Gregory Pepin, Deltec Bank's deputy CEO, said on a podcast Friday

The ‘central bank of central banks’ is building a CBDC settlement platform

22.1.2021
The Bank of International Settlements has outlined plans to embark on a variety of CBDC trials worldwide this year

Biden Administration Reported to Be Lining up a Former Ripple Advisor as the Next Bank Regulator

22.1.2021
Micheal Barr, the former member of Ripple’s board of advisors, is set to become the United States’ next banking regulator, according to a report. A former assistant treasury secretary, Barr will become the second individual with crypto connections to lead the Office of Currency...