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Silvergate Bank Sees 40% Increase in Deposits From Digital Currency Customers

26.10.2020
Silvergate Bank added $586 million in new deposits from firms and individuals in the cryptocurrency industry in the third quarter of 2020

Kenya's central bank exploring CBDCs due to 'mushrooming' of private cryptos

26.10.2020
The Governor of the Central Bank of Kenya told reporters the institution is "already feeling left out."

Digital yuan will work with WeChat and Alipay, says bank exec

26.10.2020
Details regarding the digital yuan's characteristics are taking shape

China's central bank lays regulatory foundation for CBDC

24.10.2020
The new draft law legitimizes digital yuan and may criminalize the issuance of yuan-backed stablecoins by third parties

China Drafts Law to Legalize Digital Yuan, Outlawing Competitors

24.10.2020
China’s central bank, the People’s Bank of China (PBOC), has drafted a law to legalize the digital yuan and outlaw digital currencies issued by anyone else competing with it. Meanwhile, the central bank has been cracking down on gambling sites that use the stablecoin tether. China...

Fintech Connect Unveils Its 2020 Agenda Featuring Speakers From Starling Bank, Tide, Facebook, Pinterest & HSBC

24.10.2020
Agenda for the UK’s largest fintech show includes sessions from more than 100 fintech heavyweights across four virtual conference streams LONDON, UK—October 15, 2020: FinTech Connect, the trade show that connects the global fintech ecosystem, today revealed the agenda for its 2020 virtual event...

Prepping for Next Year’s Travel Rule: 25 US Crypto Service Providers Publish Compliance Solutions Paper

24.10.2020
A great number of cryptocurrency businesses are preparing for the upcoming Financial Action Task Force (FATF) rules toward cryptocurrencies, specifically the Travel Rule. This month 25 Virtual Asset Service Providers (VASPs) published a paper that outlines how American-based VASPs aim to comply...

US AML watchdog wants info on all international crypto transactions over $250

23.10.2020
The proposed change would cut down FinCEN's longstanding $3,000 threshold

Digital ruble must ensure privacy, not anonymity: Russia’s central bank

23.10.2020
Russia’s digital ruble will not have the same level of anonymity as cash, says official

Proposed Chinese Law Outlaws All Yuan-Pegged Tokens – Except for Its CBDC

23.10.2020
The new version will essentially also clear the way for the digital yuan to be the one and only official yuan-pegged token in mainland China

Digital Ruble ‘Promising,’ Pilot Likely in 2021, Says Bank of Russia Chief

23.10.2020
The Bank of Russia might launch its own CBDC, a digital ruble, after piloting the project at the end of next year, its chairwoman said

Russia doesn’t need to be first with a digital currency, says state expert

23.10.2020
Russia is purportedly taking a fast-second strategy for the digital ruble

Philippines Central Bank Governor: No Digital Peso Before 2023

22.10.2020
The central bank won’t pursue a CBDC for the duration of Governor Benjamin Diokno's term, which ends in 2023

‘Bitcoin’s No Longer Optional’ — What Investors Say About Paypal Launching Crypto Services

22.10.2020
Paypal launching cryptocurrency services has given crypto investors much to think about. While many crypto users view the news as extremely bullish, some point out several areas of concern bitcoin investors should be aware of. ‘Every Major Bank Is Having a Meeting About How To Support...