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Stablecoin Issuer Tether Hits Back Deutsche Bank’s Argument Over its Solvency

10.5.2024
Deutsche Bank criticized Tether stablecoin, questioning its solvency and its industry standard for crypto derivatives. The post Stablecoin Issuer Tether Hits Back Deutsche Bank’s Argument Over its Solvency appeared first on Cryptonews

Tether Counters Deutsche Bank’s Stablecoin Warning, Defends Reserve Transparency

10.5.2024
Tether strongly criticized a Deutsche Bank report that raised concerns about the stability of stablecoins, including Tether’s dollar-pegged token, predicting a potential crisis similar to the 2022 collapse of Terrausd, which erased billions from the market. Deutsche Bank analysts, citing...

Tether slams Deutsche Bank over suggestion its stablecoin could fail

10.5.2024
Analysts at Deutsche Bank also argued Tether’s solvency status is “questionable” which the stablecoin firm said is “ironic” considering the bank’s own history with fines

Rwanda’s CBDC Taking Shape? Central Bank Explores Tokenized Retail CBDC

9.5.2024
The National Bank of Rwanda is assessing possible opportunities for a CBDC, adopting latest innovative technologies. The post Rwanda’s CBDC Taking Shape? Central Bank Explores Tokenized Retail CBDC appeared first on Cryptonews

Bank of Thailand Tests Potential of a Retail CBDC, the Digital Baht

9.5.2024
The Bank of Thailand (BOT) has released a report on its Retail Central Bank Digital Currency (CBDC) pilot project, conducted using Giesecke+Devrient’s (G+D) technology solution. The project tested the digital version of the Baht and its potential for financial innovation, delivering key lessons...

South Korean convenience store sells Bitcoin-themed 'meal boxes'

9.5.2024
A convenience store in South Korea is offering Bitcoin meal boxes in collaboration with the local exchange Bithumb where customers can win small amounts of Bitcoin with their purchase

Macquarie Bank to Go Cashless as the Banking Sector Shifts to Digital-Only in Australia

9.5.2024
Macquarie Bank, one of the largest banks in Australia, will not allow its customers to deposit or withdraw cash or cheques from its office branches starting this month. The move comes as the bank goes cashless, and transitions to digital payments, stating these are “a safe, quick, and more...

Rwandan Research Paper Recommends CBDC With ‘Partial Pseudo-Anonymity’

9.5.2024
A recent research paper from the National Bank of Rwanda recommends a two-tier, universal, zero-interest central bank digital currency (CBDC) with partial pseudo-anonymity. Although the research paper identifies 15 opportunities for CBDC, only four are said to offer “high potential benefits...

Rwandan central bank proceeds with ambitious retail CBDC project

8.5.2024
The African country is eyeing a tokenized retail CBDC with offline transfer capabilities as it heads toward a cashless economy

ECB’s Joachim Nagel Urges Central Banks to Evolve: ‘We Need to Work on Our Business Model’

8.5.2024
Joachim Nagel, President of the Deutsche Bundesbank and Member of the Governing Council of the European Central Bank (ECB), has raised concerns about central banks’ business model. “If part of your core product is loosening attractiveness then you have to think about another new core...

CBDCs, stablecoins must ensure libertarian values — former CFTC chair

8.5.2024
J. Christian Giancarlo has stressed the importance of upholding values of liberty, privacy and economic freedom in a keynote address in London

Digitex Founder Pleads Guilty to Failure in Anti-Money Laundering Program Implementation

8.5.2024
The U.S. Attorney’s Office for the Southern District of Florida said Todd pleaded guilty to “willfully causing” Digitex to violate the Bank Secrecy Act. The post Digitex Founder Pleads Guilty to Failure in Anti-Money Laundering Program Implementation appeared first on Cryptonews

Nigerian stakeholders demand Binance reveal identity of bribe agent

8.5.2024
SIBAN’s executive secretary, Rume Ophi, stressed that Binance should reveal names to substantiate the claim and allow authorities to address wrongdoing

Crypto Exchange Bitpanda Expands Austrian Presence With Raiffeisen Bank Partnership

8.5.2024
Bitpanda’s crypto offering in partnership with Raiffeisen Bank has been extended beyond Vienna to 55 bank branches across Austria

Cryptocurrency Imports in Brazil Break Records and Begin to Affect Trade Balances

8.5.2024
Purchases from foreign cryptocurrency exchanges, considered imports, have broken records in Brazil, putting some weight into the nation’s trade balance. During the last 12 months, cryptocurrency purchases reached $14.84 billion, after reaching $12.3 billion last year. Likewise, crypto imports...

India Working on Offline Transferability of Digital Rupee, Says Central Bank Governor

8.5.2024
India’s central bank, the Reserve Bank of India (RBI), is in the process of making its central bank digital currency (CBDC) available without relying on internet access. RBI Governor Shaktikanta Das has emphasized the importance of ensuring the digital rupee’s ease of use. RBI Governor...

State-owned German Bank Set to Introduce Blockchain-Backed Digital Bonds

8.5.2024
On May 6, the state-owned German bank KfW declared that it would issue its first digital bonds based on blockchain technology. This action represents a significant advancement in Germany's traditional banking institutions' adoption of blockchain technology. The post State-owned German Bank Set...