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Bank of Thailand Enters Third Phase of CBDC Development; Now “Using CBDC with Big Businesses”
17.7.2020
The Bank of Thailand (BOT) announced Wednesday that is has entered third-phase development of its central bank digital currency (CBDC). BOT is planning to expand the use of the CBDC among large businesses. The report by The Nation of Thailand quotes Vachira Arromdee, BOT assistant governor saying...
Bitcoin Investor Sues IRS for Unlawful Seizure of Financial Records at 3 Crypto Exchanges
16.7.2020
Bitcoin investor Jim Harper has sued the U.S. Internal Revenue Service (IRS), its commissioner, and a number of federal agents. He alleged that they unlawfully seized his private financial information from three cryptocurrency exchanges. Bitcoin Investor vs. IRS Bitcoin investor Jim Harper...
South Africa Proposes New Rules to Regulate Cryptocurrencies, Seeks Alignment With FATF Standards
15.7.2020
South Africa is proposing new rules around crypto-asset service providers (CASP) as it seeks to align regulations with standards of the Financial Action Task Force (FATF). The proposed rules are part of amendments to the Financial Intelligence Centre Act (FICA) that are up for public comment....
How a Digital Dollar Can Make the Financial System More Equitable
15.7.2020
Digital dollars can promote a more inclusive financial system, or they can contribute to already-growing economic inequality in the U.S
IRS Sued by Ex-Coinbase User Over Seizure of Financial Records
15.7.2020
Jim Harper claims the tax collector violated his Fourth Amendment rights by seizing his crypto account records without obtaining a warrant
A Panel of Experts See Bitcoin Averaging $12,948 by Year End
14.7.2020
A panel of experts is predicting the price of bitcoin will rise to $10,337 by September before adding a further $2,611 to end the year at $12,948. The findings are drawn from a Finder Cryptocurrency Predictions Report for July 2020 and the latest figure is roughly $2,500 less than the price...
World Bank Investigates Smart Contracts as Financial Tools, With Mixed Results
13.7.2020
The World Bank has looked at the benefits of smart contracts and found the blockchain instruments to be a "limited" financial tool
We May Expect a Bitcoin Rally If Coronavirus Breaks Into a Second Wave
12.7.2020
Understanding the impact of the COVID-19 pandemic on cryptocurrency and blockchain-based asset markets: negligible or significant?
Crypto Winter Could Really Be Over as New Bitcoin Starts to Bloom
12.7.2020
Although the cryptocurrency industry still has many needed improvements, it nevertheless seems to be on an upward trajectory
OCC Seeking to Remove Structural Barriers to Financial Inclusion
11.7.2020
The OCC launched a project to identify ways to improve financial inclusion and remove barriers to credit access
On the Importance of Not Losing — A Guide to Compound Interest
11.7.2020
Finding a high-performance asset without insight is challenging, but systematically controlling losses is what is really needed to succeed
The United States Has to Upgrade the Legacy Financial System
10.7.2020
Slow-roll regulations in the United States may leave Americans behind in the financial innovations’ running
Dogecoin Margin Trading and Saving Accounts Now on OKEx
9.7.2020
The announcement follows a Dogecoin marketing campaign that caused the coin’s price to surge 124% in two days
China’s Giant Ride-Hailing Service Didi to Pilot the Central Bank’s Digital Yuan
9.7.2020
The Chinese government and the country’s central bank, the People’s Bank of China (PBoC), are currently in the midst of testing a digital yuan or central bank digital currency (CBDC). Now the Chinese ride-hailing corporation Didi Chuxing will be trialing the newly developed digital yuan...
London Stock Exchange Parent Assigns Financial ‘Bar Codes’ to 169 Cryptos
9.7.2020
The addition of bitcoin and its ilk to LSEG's database, in response to customer demand, is a sign that institutions are slowly embracing the asset class
Tata Consultancy Launches Crypto Trading Solution for India’s Financial Firms
8.7.2020
India's crypto renaissance continues, with Tata Consultancy unveiling a solution allowing banks and financial institutions to offer digital asset trading
Global Shipping Giant Cosco to Trial Alibaba’s Ant Blockchain
8.7.2020
Ant Financial claims its enterprise blockchain can handle a billion transaction a day and save costs in global shipping
New Head of Japan’s Financial Services Agency is Crypto-Friendly
8.7.2020
The Japanese government will appoint Ryozo Himino as the next commissioner of Japan's Financial Services Agency
Crypto Facilities Gets FCA Nod to Set up Crypto Futures Venue
8.7.2020
Crypto Facilities, a subsidiary of Kraken cryptocurrency exchange, has obtained a Multilateral Trading Facility (MTF) license from the UK’s Financial Conduct Authority (FCA). An MTF is a European regulatory term for a self-regulated financial trading venue. MTFs are an alternative to...
Escalating Bank Runs Spur Chinese Government to Require Approval for Large Cash Transactions
7.7.2020
A series of bank runs has prompted the Chinese government to begin requiring approval for large cash deposits and withdrawals at commercial banks, starting with banks in a northern province. Recently, two bank runs happened within a week as people lost faith in financial institutions amid...