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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...
Philippines Now Has 16 Cryptocurrency Exchanges Approved by Central Bank
23.7.2020
The number of regulated cryptocurrency exchanges in the Philippines has grown to 16, according to Bangko Sentral ng Pilipinas, the country’s central bank. One of the regulated exchanges has been helping the government and Unionbank to launch an app for bond purchases. 16 Registered Crypto...
The Bank of Lithuania Released a Cryptocurrency, But It’s for Collector
23.7.2020
Lithuania’s central bank has issued a NEM blockchain-based collector token in homage to the country’s Act of Independence of 1918
Japan’s Covid-19 Stimulus Payments Didn’t Flow Into Crypto
23.7.2020
Covid-19 relief money does not seem to have been spent by many Japanese on cryptocurrencies
Bank of Korea Launches a Department Devoted to Blockchain and AI
22.7.2020
Bank of Korea is launching a digital innovation department that will leverage blockchain and AI to improve business efficiency
Binance Buying a Traditional Bank Is Not a New Idea, CZ Says
22.7.2020
Binance CEO CZ says that having their own bank would unlock one more channel for interacting with global regulators
Lithuanian Central Bank’s Commemorative Digital Token Goes Live Thursday
22.7.2020
Lithuania’s central bank is set to issue 24,000 digital tokens commemorating the re-establishment of Lithuanian independence in 1918
Australian Reserve Bank Blasts Money Printing: 'There's No Free Lunch'
22.7.2020
Australian Reserve Bank governor Philip Lowe says that somebody always pays for money printing
Kazakhstan Needs National Crypto to Fight Corruption, Says Local Official
21.7.2020
Kazakhstan’s digital tenge has the potential to provide “full transparency in movement of budgetary funds,” chairman at local anti-corruption service says
Blockchain Fintech Firm BitBond Joins German Bank Association Bankenverband
21.7.2020
The Berlin-based fintech firm announced on Tuesday that it had joined the association for private banks in Germany
Institutional Trading House ErisX Joins Silvergate Exchange Network
21.7.2020
ErisX, a crypto exchange for institutional investors, has joined the payments network of bitcoin-friendly Silvergate Bank
Copper Becomes Latest Crypto Firm to Use Signature Bank's Signet
21.7.2020
The integration of Signature Bank’s Signet will allow Copper’s customers to instantly pay and settle transactions in U.S. dollars and other fiat currencies
Bank of Jamaica Invites Tech Companies to Test Digital Currency Solutions
21.7.2020
Jamaica’s central bank has invited technology solution providers to develop and test a potential CBDC