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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...

Bitcoin Slips in Latest Crypto Ranking by Chinese Government-Backed Center

28.8.2020
China’s Center for Information and Industry Development has revised its rankings of 37 crypto projects. Bitcoin has fallen from the previous ranking. As the Chinese government focuses on launching its central bank digital currency, the Center for Information and Industry Development (CCID)...

Zimbabwe’s Mobile Money on Life Support as Central Bank Tightens Screws: Restrictions to Affect P2P Bitcoin Trading

28.8.2020
Zimbabwe’s Mobile Money Operators (MMO) say they will comply with the latest directive by the central bank to shutdown mobile money agents. In addition, the MMOs will also limit mobile money transactions to $50 (Zwl $5,000) per day while users are now restricted to one mobile money account...

Prosecutors Reveal ‘Shadow Bank’ Accounts in Fowler Crypto Case

27.8.2020
U.S. prosecutors have unveiled 56 bank accounts under scrutiny in Reginald Fowler's legal travails

China: Bank to Launch Blockchain-Powered Int’l Trade Platform + More News

27.8.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Blockchain News Chinese financial institution Wuxi Rural Commercial Bank has launched the Jiangsu Province’s first blockchain-powered cross-border...

ICON app offers remote KYC for South Korea’s second-largest bank

27.8.2020
Smartphone users in South Korea can open bank accounts remotely with KYC verification via an ICON-powered app

Brazil’s central bank examines the benefits of a CBDC

27.8.2020
Brazil’s central bank believes you’ve got to change money, to save money

Tyler Winklevoss says US Fed is the ‘biggest booster’ of Bitcoin price

26.8.2020
The upcoming Fed speech, which many suggest will focus on raising inflation, is only good news for BTC/USD, Winklevoss argues

Hyperinflation and Currency Collapse Fears After Zambian President Fires Central Bank Governor

26.8.2020
Zambian President Edgar Lungu fired the country’s central bank governor Denny Kalyalya last week sparking fears that government wants to end the institution’s independence. Kaylalya was immediately replaced by Christopher Mvunga who reportedly has close ties to the President. The abrupt...