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Cryptocurrency Could Kill Bank Lending, Warns Bank of England Deputy Governor
1.3.2020
In the cryptocurrency economy, the supply of credit through the banking system could disappear, warned Bank of England Deputy Governor Sir Jon Cunliffe. That would be a change with “profound economic consequences,” he added, emphasizing the risks from Facebook’s Libra project...
BIS Paper Reckons With P2P Payments, Tokenized Securities, Central Bank Digital Currencies
1.3.2020
Researchers at the Bank for International Settlements say the future of payments may be peer-to-peer, but a number of considerations must be satisfied before distributed ledger-based systems can go mainstream
A Sea Change to Crypto Hits America, Again
1.3.2020
A sea change is coming to cryptocurrency in America. It is likely to hit in two separate waves: a central bank digital currency (CBDC) and draconian regulation that shuts down free-market activities, including development. Also Read: No Backdoor on Human Rights: Why Encryption Cannot Be Compromised...
Sharia Compliance in Bitcoin – What It’s All About, and Why Exchanges Like Beldex Seek Muslim Traders
29.2.2020
Money is a critical part of everyone’s life, and for the religious it is even viewed as a matter of eternal consequence. While those on the outside may be unaware of the importance finance takes on in circles of faith, these beliefs nonetheless affect and impact the businesses and economies...
Brazil’s PIX Payments System Has the Same Spirit, but Not a Blockchain Structure
28.2.2020
When PIX is implemented, a number of Brazilan banks could take a hit. Point-of-sale machines and payment processing firms could become scarce
Fed Coronavirus Rate Cut May Beat Bitcoin Inflation After 2020 Halving
28.2.2020
The Fed may bring short-term rate under 1% this year, traders are betting as coronavirus continues its spread
South Korea’s NH Bank Debuts Samsung-Backed Blockchain ID System
27.2.2020
South Korea’s NongHyup Bank rolls out first commercial use of blockchain ID technology backed by tech giant Samsung
Bank of Japan Official Calls for Deeper Understanding of Digital Currencies
27.2.2020
Advanced economies should focus on addressing money laundering and oversight instead of issuing digital currencies, says a Bank of Japan official
Lebanon Fights for Separation of Money and State as Residents Use Bitcoin to Evade Capital Controls
27.2.2020
Mass unrest in Lebanon due to allegations of political corruption and heavy handed capital controls has carried over into the new year, with reports pointing to a notable uptick in bitcoin trading from the embattled nation. As residents seek to preserve as much value as they can while government...
Tokenized US T-Bond Fund Seeks Foothold in $17T Market
26.2.2020
The crypto industry is taking aim at one of Wall Street’s oldest redoubts: investing in the $17 trillion market for U.S. Treasury bonds
China's Digital Yuan Research Delayed Amid Coronavirus Epidemic
26.2.2020
The coronavirus outbreak has led to postponed work at various Chinese government institutions, including the organs responsible for researching and developing the digital yuan
Bank of Canada Won’t Issue Its Own Crypto Unless Libra Succeeds: Deputy Governor
25.2.2020
The Bank of Canada does not see the need to create a central bank digital currency unless a competitor – like Libra – starts dethroning the existing fiat
Bank of Canada Prepares for Digital Currency “In Case One Is Needed”
25.2.2020
Bank of Canada is getting ready to move on digital currency before it’s too late
Revolut Bank Valued at $5.5B in $500M Funding Round
25.2.2020
Revolut raised $500 million, but did not specify if any of the funding will go toward improving its cryptocurrency offering
Bank Issues Blockchain-powered Employee ID + More News
25.2.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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NongHyup (NH) Bank has become the first company in South Korea to issue blockchain-powered employee ID cards, reports...
Ukraine’s Central Bank: E-Hryvnia Threatens Landscape of Banking System
25.2.2020
The National Bank of Ukraine is still trying to balance the potential threats and benefits of a central bank digital currency
Wall Street Veteran Aims at Institutional Investors With a New Crypto Bank
25.2.2020
Caitlin Long. Source: A video screenshot, Youtube/ReasonTV
A new crypto-focused bank is set to open in 2021 in the U.S. state of Wyoming in order to provide institutional-level investment infrastructure for cryptoassets, while abiding by strict regulatory requirements.
The company, called Avanti...
China Adopts Security Standards for Blockchain Applications in the Financial Sector
25.2.2020
Keeping the focus on blockchain development, banking authorities in China have issued a set of rules pertaining to the secure application of crypto-related technologies in the financial sphere. The new standards, the first of this kind, are to guide the work of developers and service providers...
CoolBitX Raises $16.7M to Make Crypto More Bank-Friendly
25.2.2020
In 2020, the startup’s focus is on new products and features that comply with new rules from the Financial Action Task Force
Secretive Digital Fiat Project Emerges With New Partner as CBDC Chatter Grows
24.2.2020
Fnality, a high-profile digital fiat project backed by 14 big-name financial institutions, is teaming with the ConsenSys-backed Adhara