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Digital ruble will undercut bank profits but help businesses: Bank of Russia

7.12.2020
Russia's central bank wants the digital ruble to help businesses by cutting out financial middlemen

German bank launches crypto fund covering portfolio of digital assets

7.12.2020
Hauck & Aufhäuser's Digital Asset Fund I will reportedly cover 85% of the total crypto asset market

Standard Chartered, Philippines Bank Issue $187M Blockchain Bond

7.12.2020
The proof-of-concept issuance of tokenized bonds was carried out on a blockchain platform built by Standard Chartered's fintech investment unit

Nigeria’s Yellow Card Processes $165 Million in Crypto Remittances So Far This Year

7.12.2020
Nigerian crypto startup Yellow Card says it processed over $165 million in volume during the first eleven months of this year. The figure represents a growth of more than 1,840% over the amount of remittances processed in the last six months of 2019. Launched in June 2019, Yellow Card enables...

New US stimulus, Brexit and $20K: 5 things to watch in Bitcoin this week

7.12.2020
A mountain of fresh U.S. debt contrasts with a mountain of institutional cash potentially set to flow into Bitcoin thanks to major FOMO

China Airdrops Digital Yuan Worth $3 Million — 10,000 Stores Will Accept It

6.12.2020
Twenty million yuan ($3 million) in China’s central bank digital currency will be given away to 100,000 people in the country’s largest test of the digital yuan to date. The digital currency will be accepted at 100,000 stores, including JD.com, one of China’s largest online...

Bitcoin Cash Proponent Tattoos Forearm to Spread Digital Cash Awareness

6.12.2020
In order to spread the message about peer-to-peer electronic cash, some people talk about cryptocurrencies on a daily basis or wear t-shirts that display the bitcoin logo. Digital currency proponent, David Valenz, has taken the message spreading to a whole new level when he got a large tattoo...

Hong Kong Crypto Exchange Founder Taken Amid China’s Crackdown on Fraudulent Bank Accounts

5.12.2020
The platform will close all its over-the-counter (OTC) trading services because of the risks related to uncertainties from China’s regulatory policies/

What Is a CBDC?

4.12.2020
A CBDC is a central bank digital currency, a new type of money governments are experimenting with that often has blockchain at its core

China's central bank plans digital yuan pilot for payments to Hong Kong

4.12.2020
Preliminary talks are underway to begin testing the e-CNY in the special administrative region of Hong Kong

Crypto-Keen Chinese Giant-Owned 200 YO Bank Lures BTC-Hungry Rich Investors

4.12.2020
More than 200-year-old German lender Hauck & Aufhäuser (H&A), owned by the crypto-keen Chinese conglomerate Fosun, about to offer a new product to high-net-worth individuals and professional investors, looking to invest in cryptoassets. The bank said it is teaming up with the Berlin-based...

Russia’s Crypto Community Fears Digital Ruble Plan Means ‘Back to USSR’

4.12.2020
Russian cryptocurrency and blockchain association warns the Bank of Russia against the excess centralization of the digital ruble

China Construction Bank's blockchain bond efforts take a new direction

4.12.2020
After an earlier attempt, China Construction Bank has gone back to the drawing board with new partners and a new proof-of-concept for a blockchain-based bond

Cryptocurrencies Prove Central Bank Models Are Obsolete, Says Professor

4.12.2020
A Spanish professor and economist stated that cryptocurrencies have brought out the “obsolescence” of central banks, although their capitalization is still “very insignificant.” Crypto Is Not Only About the ‘Speculative Noise’ Pablo Agnese, an economics professor...

Swiss National Bank and BIS complete digital currency proofs-of-concept

4.12.2020
The Swiss National Bank and BIS don't want to miss out on possible blockchain-powered benefits for the financial system

New Draft U.S. Law Will Make It Illegal To Issue Stablecoins Without Federal Reserve Approval

4.12.2020
Three U.S. lawmakers have introduced a bill that will force private stablecoin issuers to obtain a banking charter (or license) and approval from the Federal Reserve before they can issue a stablecoin. Instigated by Rep. Rashida Tlaib, with support from Reps. Jesús García and Stephen...

Central Bank of Nigeria Governor Decries the Use of Parallel Exchange Rate as Citizens Switch to Crypto

4.12.2020
The governor of the Central Bank of Nigeria (CBN) Godwin Emefiele says the embrace of the parallel market exchange rate by some professionals in that country is unfair and unfortunate. The CBN governor says the parallel foreign exchange market only accounts for a share of the market that does...