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Brazil’s Central Bank Says Nation Might Be Ready for a Digital Currency by 2022
3.9.2020
Brazil's fast-digitizing financial infrastructure could set the stage for CBDC in the next two years, said Campos Neto
Bank of England governor dismissed Bitcoin as a means of payment
3.9.2020
Cryptocurrencies like Bitcoin don't quite convince Bailey, but he sees a lot of potential for stablecoins
Bank of England Governor Wants Global Regulations as Stablecoins Pick Up Steam
3.9.2020
Bank of England governor Andrew Bailey wants coordinated global regulation around stablecoins as the payment method picks up steam
Digital Bank Revolut Expands Crypto Buying and Selling Service to Australia
3.9.2020
The U.K.-based fintech firm has opened up its cryptocurrency services to Australian residents for the first time
US Hopes to Confiscate $400M: DoJ Files Forfeiture Judgment Against Onecoin Launderer
3.9.2020
Prosecutors from the Southern District of New York (SDNY) court have submitted a “forfeiture money judgment” against the former attorney Mark Scott. The lawyer was charged with helping the Ponzi scheme Onecoin launder funds. The U.S. Department of Justice (DoJ) claims that Scott helped...
Blockchain technology, financial and self-sovereign digital identities
2.9.2020
Discussing a use case that the Brazilian government started developing last year: a digital identity solution called FinID
Swiss crypto bank Sygnum scores approval for digital asset trading
2.9.2020
The digital Swiss franc issuer is now licensed as a "digital asset trading facility."
Nigeria Foreign Exchange Crisis: Worsening US Dollar Shortages Point to Further Devaluation
2.9.2020
Pressure on Nigeria’s current exchange rate is likely to get worse in 2021, when the expected recovery of imports is set to force another devaluation of the local currency to N430/$ next year, according to two Bank of America analysts. Earlier rate adjustments, one in March and another...
US Federal Reserve now owns over 20,000 different financial assets
1.9.2020
The nation's money printer continues to go "Brrr"
Jerome Powell throws US dollar under a bus in Jackson Hole
1.9.2020
Fed Chairman Jerome Powell threw the U.S. dollar under a bus last week at the central bank’s annual Jackson Hole, Wyoming, meeting
Swipe Unveils USD-Dollar Checking Accounts with Evolve Bank & Trust Firm
1.9.2020
As a powerful cryptocurrency wallet and debit card portal, Swipe is all set to dig its foot deep into the US market space by entering into a partnership with leading financial services provider, Evolve Bank & Trust to unleash new opportunities. The integration will allow Swipe to launch...
Three of Australia's "big four" banks bring bank guarantees on blockchain
1.9.2020
Blockchain tech could purportedly reduce the timeline of bank guarantees processes by days
South Korean Central Bank Turns to Private Sector for CBDC Help
31.8.2020
South Korea is a step closer to welcoming a central bank digital currency (CBDC), with design and implementation reviews complete – and private companies now set to get involved.
Per reports from Seoul Kyungjae and Chosun, the nation’s central bank, the Bank of Korea (BOK), now says it wants...
On quantitative easing, crypto and modern monetary theory
31.8.2020
Crypto needs financial products — simply positioned and simply transparent — to preserve and grow people’s assets in difficult times
Signature Bank Gave Dozens More PPP Loans to Crypto Firms Than Previously Reported
31.8.2020
Signature Bank gave $20 million in PPP loans to roughly 40 firms in the digital asset space. Only nine loans were revealed in public documents last month
South Korea’s Central Bank Starts Technical Phase for Digital Currency Ahead of 2021 Pilot
31.8.2020
The Bank of Korea is seeking a partner to help develop the architecture for a potential central bank digital currency
Major Chinese Bank Launches Central Bank Digital Currency Wallet Briefly
29.8.2020
One of China’s biggest banks recently opened up registration for wallets using the country’s central bank-backed digital currency. There are four levels of the wallet, according to reports. However, the bank took the offer down a few hours later. China’s Digital Currency Wallet...
Chinese Bank Disables Digital Yuan Wallet After Soft Launch Draws Wide Attention
29.8.2020
China Construction Bank had quietly opened up the wallet service of China's digital yuan to public users – but has now disabled it shortly after the feature gained wide attention
Ripple Sued by 13 Australian Banks for Trademark Infringement
29.8.2020
Ripple Labs Inc. is being sued in an Australian court for allegedly infringing a trademark belonging to several local banks. A lawsuit filed by the New Payments Platform Australia (NPPA), a joint venture between the Reserve Bank of Australia and 13 domestic banks, claims that Ripple copied...
Visa Exec Says ‘Opt Out With Bitcoin’ Slamming Fed’s Policy Change Toward Inflation
29.8.2020
On Thursday, 17 top Federal Reserve officials explained that the committee plans to let inflation run hotter than usual, or above the benchmark 2% rate for a duration of time. Fed Chair Jerome Powell’s speech was considered a “major policy shift” and a number of economists...