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BoE hasn't 'made any decision' regarding a CBDC, says fintech director
27.10.2020
“We will continue to explore the pros and cons of CBDC,” said Tom Mutton
Southeast Asia’s Largest Bank DBS Plans to Launch a Cryptocurrency Exchange
27.10.2020
The Singaporean multinational banking and financial services corporation DBS published an announcement revealing it was launching a cryptocurrency exchange. The announcement was later removed by the company but crypto proponents have learned about the upcoming support for assets like bitcoin...
JPMorgan's stablecoin finally sees commercial light of day
27.10.2020
JPMorgan Chase now recognizes blockchain's profitability and has created a new business dedicated to digital currency and blockchain work
WEG Bank Plans Crypto Custody With New Partnership
27.10.2020
Germany-based WEG Bank about to step up its crypto-related business as its fintech division TEN31 has teamed up with Munich-based white-label crypto custody provider Tangany to offer crypto custody solutions to its customers.
According to the bank, this is "the next logical step"...
Singapore Bank DBS Looks to Be Planning a Digital Asset Exchange
27.10.2020
DBS is planning to launch an exchange for trading bitcoin and other cryptocurrencies, according to a cached website page
Indian bank to offer crypto services across its 34 branches
27.10.2020
For the first time, Indians will be able to take out a loan against cryptocurrencies
Russian Central Bank Chided for ‘Deliberately Slowing Crypto Progress’
27.10.2020
Yuri Pripachkin, the head of the Russian Association of Cryptocurrencies and Blockchain. Source: a video screenshot, Youtube/FINAM
The head of a Russian crypto and blockchain industry group has launched a stinging attack on the nation’s Central Bank (CB), essentially accusing it of purposefully...
Singapore’s largest commercial bank reportedly launching crypto trading
27.10.2020
Another global bank believes that digital assets are the future of the global economy
British fintech firm opening physical crypto bank branches in India
26.10.2020
The new venture will reportedly include 34 “physical branches and operations” in northern India
Central bank digital currencies have the power to upend global finance
26.10.2020
Central bank digital currencies will fundamentally change our conceptions of money and its uses
Harvest Finance: $24M Attack Triggers $570M ‘Bank Run’ in Latest DeFi Exploit
26.10.2020
Harvest Finance has seen its total value locked drop by more than $500 million in the 12 hours since being hit by a flash loan attack
The Big Choices When Designing Central Bank Digital Currencies
26.10.2020
A retail CBDC or an indirect one? Synthetic? An API approach? How central banks implement digital currencies will have seismic implications
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