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FTX ordered to pay reimbursement fees to Bahamian regulators
22.11.2022
The Bahamian Securities regulator was ordered to offer custody for digital assets belonging to bankrupt crypto exchange FTX on Nov. 12
Hong Kong believes stablecoin volatility can spillover to traditional finance
22.11.2022
According to Hong Kong’s central bank, the interconnection of crypto assets has made the crypto ecosystem more vulnerable to systematic shocks
Federal Reserve Bank President Says ‘Entire Notion of Crypto Is Nonsense’
22.11.2022
The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, says crypto exchange FTX isn’t “one fraudulent company in a serious industry.” Stating that the “Entire notion of crypto is nonsense,” the Fed president claimed it is “just a tool...
BOE’s Cunliffe says regulation can save crypto from itself, and it’s worth the effort
21.11.2022
Blockchain technologies can bring improvements to finance, given a regulatory framework, and links between DeFi and TradFi are being rapidly cemented already, Cunliffe said
US Senators Ask Bank Regulators to 'Review' SoFi's Crypto Listings
21.11.2022
Senate Banking Committee Chairman Sherrod Brown and several other lawmakers called on the heads of the OCC, FDIC and Fed to review fintch firm SoFi's crypto activities
Brazilian Bank Itau Unibanco to Offer Cryptocurrency Custody Services in 2023
21.11.2022
Itau Unibanco, one of the biggest Brazilian banks, has announced it will offer cryptocurrency custody services in 2023. Itau Digital Assets, the cryptocurrency unit of the company, will be responsible for this offering, which will be first available to customers of the bank, and then to third...
UK May Need Digital Pound, Bank of England's Jon Cunliffe Says
21.11.2022
The deputy governor at the central bank said he understands the comparisons made – and showed support for U.K. efforts to bring crypto into the scope of regulation
Nigeria’s Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF Mission
20.11.2022
According to the International Monetary Fund (IMF)’s mission concluding statement, Nigeria’s rising inflation rate as well as the continuing shortage of foreign currency are fueling the naira devaluation speculations. To achieve a unified naira exchange rate, the global lender said...
New York Fed and 9 Major Banks to Test ‘Interoperable Network of Central Bank Wholesale Digital Money’
19.11.2022
Nine major financial institutions and the Federal Reserve Bank of New York have started to experiment with a digital dollar proof of concept to see if distributed ledger technology can improve settlement between central banks, commercial banks, and regulated non-banks. The New York Fed details that...
Shares of Crypto Bank Silvergate Continue to Fall Despite CEO’s Remarks
18.11.2022
Traders seem to be anticipating Silvergate could be significantly affected by the collapse of FTX
Bank of America Downgrades Crypto Exchange Coinbase to Neutral in FTX Aftermath
18.11.2022
Bank of America has had a buy rating on Coinbase throughout its long decline this year, but threw in the towel on Friday with a downgrade to neutral
Bitstamp gets a crypto license from the Bank of Spain
18.11.2022
The EU-based exchange became the 46th crypto business to obtain a permit to offer virtual currency exchange services for fiat currency in the country
Bank of America Says Crypto Exchanges' Proof of Reserves Have Too Many Shortcomings
18.11.2022
The cryptocurrency industry also needs a clear delineation between trading platforms and market makers, the bank said
Fed paper looks at theoretical role of remuneration, convenience in CBDC design
17.11.2022
The discussion paper reviews the literature on the impact of CBDCs in large, developed economies and draws some conclusions and specific design elements
Crypto Bank Silvergate Bucks Market Rally as FTX Exposure Is Questioned
15.11.2022
Silvergate shares were down about 7% while other crypto-linked stocks rallied Tuesday
Bitcoin buyers drawn by rising prices, not dislike for banks: BIS report
15.11.2022
The Bank for International Settlements (BIS) studied the main motives behind Bitcoin adoption by retail investors
Bank of Russia Sets Out to Regulate Digital Asset Taxation, Exchange, Still Opposed to Crypto
13.11.2022
The Central Bank of Russia supports the development of digital financial assets but remains opposed to legalizing crypto payments, its top management has reiterated. The monetary authority is now working on a set of regulatory proposals that will be submitted to parliament by the end of the year....
Plaid suspends FTX.US access to user data after 'concerning' reports
13.11.2022
United-States-based Twitter users had been reporting suspicious data access requests from FTX.US to their bank accounts
Russia’s Digital Ruble Integrated Into Banking App
12.11.2022
VTB has become the first Russian bank to add the digital ruble to its mobile application. The integration is currently being tested with accounts set up for legal entities. Select customers will be granted access in the coming months and will be able to join the trials. VTB’s Mobile App to Support...
Crypto Bank Silvergate Capital Surges on Lack of FTX Exposure
11.11.2022
The lender said it has no outstanding loans nor investments in the bankrupt crypto exchange