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Cambodians Still Waiting on Central Bank Digital Currency
29.7.2020
Somewhat behind schedule, Cambodia’s banks are readying themselves for a forthcoming national blockchain-based currency
Digital Yen Now ‘Top Priority’ for Japan Central Bank, Says Senior Official
29.7.2020
The comments mark a shift in priority for Japan as it seeks to counter the economic threat from regional rival China
Philippines Central Bank May Decide on CBDC Issuance by Next Month
29.7.2020
Another day, another central bank said it (conditionally) wants to issue a digital currency. This week it is the turn of the Philippines, whose central bank has created a committee that will examine the feasibility and policy implications of issuing a digital version of the fiat peso.
The committee...
Russia’s Central Bank Keeps Insisting That Crypto Is ‘Criminal’
28.7.2020
Russia’s central bank argues that crypto purchases are not considered an investment
Goldman Sachs Warns US Dollar Risks Losing World Reserve Currency Status, Gold and Bitcoin Soar
28.7.2020
Goldman Sachs has warned that the U.S. dollar may lose its status as the world’s reserve currency. The investment bank is bullish on gold as fears over governments debasing their fiat currencies grow and real interest rates are pushed to all-time lows. Goldman Sachs’ Dollar and Gold...
China and US Must Learn From One Another and Collaborate on CBDC
28.7.2020
The governments of China and the U.S. frame digital currency as part of their great-power competition, but instead they should work on this technology together
Mastercard Exec Accused of Money Laundering Cover-Up at Bank With Ties to Wirecard
28.7.2020
Wirecard has been implicated in a new report on alleged criminal activities by a Mastercard executive operating at the FBME bank in Cyprus
Digital Bank Revolut Adds Stellar to List of Supported Cryptocurrencies
28.7.2020
Users will now be able to buy and sell XLM on Revolut’s platform, the fintech firm announced Tuesday
Silvergate’s Bitcoin-Backed Lending Product Grew 80% in the Last Quarter
27.7.2020
Silvergate Bank continued to add a steady drip of crypto customers in Q2 but its issuance of bitcoin-collateralized loans is what stood out
Income Inequality: Can Bitcoin or Other Cryptocurrencies Fix This?
24.7.2020
Despite the benefits of crypto being in the hands of the few, the current crisis may be a harbinger of change
Crypto Bank Hopeful Bitcoin Suisse Raises $48M in First-Ever Round
24.7.2020
Bitcoin Suisse said some of the funding will go on new product offerings if its banking license applications are successful
Czech Central Bank Board Member Criticizes CBDCs as ‘Helicopter Money’
24.7.2020
The Czech National Bank's Tomas Holub said in an interview that central bank digital currencies raise more questions than answers right now
New Russian Law Bans Bitcoin Payments for Goods and Services
24.7.2020
Russian lawmakers have passed a bill that gives legal status to cryptocurrencies such as bitcoin – but bans them from being used to pay for goods and services. Legislators approved the Digital Financial Assets (DFA) bill on July 22 after its third and final reading. It had already won backing...
Signature Bank’s Crypto Deposits Grew $1B in Q2
23.7.2020
Out of the nearly $8 billion in deposit growth that Signature Bank saw in the second quarter of 2020, $1 billion was raked in by the firm’s digital assets team
"There's a Bitcoiner In the Hen House," Pomp Says Regarding Crypto Bank Regulation
23.7.2020
Anthony Pompliano, often referred to as Pomp, weighed in on a recent regulatory update, helped in part by a crypto industry player
Bitcoin Rallies 5% as US Regulator Greenlights Bank Crypto Custody
23.7.2020
Bitcoin price surged 5% to $9,664 less than 24-hours after the Office of the Comptroller of the Currency announced U.S. banks can provide crypto custody services
Wyoming-Based Avanti to Open in October With a New Bank-Issued Digital Asset
23.7.2020
Wyoming's crypto-friendly Avanti Financial expects to open its doors this October with a new bank-issued digital asset, the Avit
Fiat Will Be a Passing Fad In the History of Money - Deutsche Bank Strategist
23.7.2020
Fiat money will be a passing fad in the long-term history of money, while gold, as a hedge against government money, is outperformed by equities in the long run, according to Jim Reid, Research Strategist at German banking giant Deutsche Bank.
In a note to clients on Wednesday, he admitted that...
Boston Fed Wants to Hire a Digital Currency Engineer
23.7.2020
The one-year position will work on the Applied Fintech Research team's digital currency experiments
US Regulator Green-Lights Banks for Cryptocurrency Custody Services
23.7.2020
The Office of the Comptroller of the Currency (OCC) has clarified that national banks and federal savings associations can provide cryptocurrency custody services for customers. The OCC sees banks providing crypto custody services as “a modern form of traditional bank activities related...