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Major Swedish Bank Fined $386 Million for Hiding Money-Laundering Evidence
2.4.2020
Sweden’s Financial Supervisory Authority (FSA), ’Finansinspektionen’, has fined Swedbank a record sum of 4 billion Swedish krona ($386m) for breaching anti-money laundering regulations on a large scale. Around USD 6 billion had been funneled between suspected accounts.
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Fed’s Quantitative Easing Strategy Holds Long-Term Benefits for Crypto
1.4.2020
The economic crisis may lead to a more decentralized world, in which blockchain technology can thrive, says Zetlin-Jones. Does the ongoing QE impact the crypto industry?
US Mortgage Industry Could Collapse as Housing Crisis Looms, Experts Say
31.3.2020
The U.S. mortgage industry faces collapse once again, this time due to the economic consequences following the coronavirus outbreak and massive job losses. Up to 50% of borrowers could default on their mortgage payments, according to industry estimates. Since the stimulus bill signed by President...
Russia Postpones Its Crypto Law Again, Now Blaming Coronavirus
31.3.2020
After facing multiple delays, Russia’s lawmakers again postpone pending major cryptocurrency law, now due to the coronavirus
Bank of France Launches Experiment Program on Central Bank Digital Currency
30.3.2020
France’s central bank officially announces a CBDC application program, inviting participants to submit their applications by May 2020
Egypt Limits Bank and ATM Withdrawals Citing Rampant Cash Outflow and Coronavirus Fears
30.3.2020
On Sunday, the Central Bank of Egypt (CBE) announced it had instructed financial institutions in the country to put withdrawal limits in place for cash. Regional reports disclose that Egyptian residents can only withdraw 10,000 Egyptian pounds ($640) and businesses can only withdraw 50,000 pounds...
French Central Bank Puts Out Call for Digital Currency Experiments
30.3.2020
France's central bank is calling for digital currency proposals with an experiment that moves it to the front of Europe's CBDC debate
While Some Hoard Dollar Bills, Others Envision Germy Cash’s Quick Demise
28.3.2020
Is a cash-based society sustainable in a pandemic? Hoarders say yes. Health experts say maybe. Visionaries say no: It’s a moment for systemic change
Major South Korean Bank Prepares to Launch Crypto Services as Government Green-Lights Regulation
28.3.2020
Following the approval of a regulatory framework for cryptocurrencies by the South Korean government, one of the largest banks in the country is preparing to launch a range of crypto services. KB Kookmin Bank has applied for trademark registration, reportedly listing over 20 crypto services on...
India Crypto Renaissance: Industry Sees Rebirth as RBI Crypto Ban Lifts
28.3.2020
From the renowned crypto VCs like Tim Draper to big-time exchanges like Binance — India’s crypto space is going through a post-ban rebirth
South Korea's Largest Bank Launch a Crypto Custodial Service
27.3.2020
KB Kookmin Bank is expected to launch a cryptocurrency custody service in H1 2020
China and UK’s Planned Digital Currencies Appear to Have Little in Common
27.3.2020
Recent analysis shows that not all central bank digital currencies will be similar in their function or purpose
‘Overwhelming Evidence’ – Prosecutors File Motion to Dismiss Alleged Onecoin Lawyer’s Appeal
27.3.2020
While Onecoin’s crypto queen Ruja Ignatova remains at large, U.S. resident Mark Scott is trying to get his verdict acquitted after being accused of helping Onecoin leaders, including Ignatova, launder money and commit fraud. Also read: ‘What Bitcoin Did’ – Scanning...
Is Now the Time to Invest in Bitcoin?
26.3.2020
Mati Greenspan and Michaël van de Poppe explain why now could be an opportune moment to invest in Bitcoin
National Digital Currencies: Not Yet Too Big to Fail
26.3.2020
What obstacles would national digital currencies face, and are there any benefits to launching them?
Printing Money from Thin Air – How the Fed Reduces Purchasing Power and Makes You Poorer
26.3.2020
Unless you have your head in the sand, you’ve probably realized that governments and central banks can print money out of thin air and in unlimited amounts. The United States and the Federal Reserve have been creating money from nothing for years because they had exhausted all their monetary...
China Is Drafting Laws for the Circulation of National Digital Currency
26.3.2020
Amid the coronavirus pandemic, China’s central bank has reportedly completed the basic development of the nation’s central bank digital currency. The central bank is now drafting legislation for its circulation, according to local media. A number of patents have revealed what...
How to Quickly Cash Out From Crypto to Fiat
26.3.2020
There are many reasons why you might seek to liquidate your digital assets into fiat currency, be it to pay a bill, buy a meal, or cover an emergency. When needs must, speed is of the essence; no one has time to wait three days for a bank wire to clear. For those occasions when […]
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Tone Vays Says Proposed Digital USD is Nothing New
25.3.2020
Tone Vays argues the new U.S. digital dollar proposal is nothing new in the tech category
US Stimulus Plan Is Steadying Global Markets While Crypto Takes a Dip
25.3.2020
The $2 trillion stimulus deal in the U.S. wasn’t enough to keep many cryptocurrencies from taking a dip Wednesday