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Caitlin Long Starts the First Crypto-Native Bank in the U.S.
24.2.2020
Caitlin Long is setting up a first crypto-native bank in the US that will offer crypto services to institutional investors
Caitlin Long on Coronavirus, Crypto Custody and Building a Bank
24.2.2020
A new crypto bank tries to address some of the most fundamental issues for institutions who want to get into the space
Bank of England Official: Central Banks May Lose Payments Race to Tech Companies
24.2.2020
The chief cashier of the Bank of England has warned that central banks must act quickly to prevent tech companies from dominating the digital payments sector
Blockchain Pioneer Caitlin Long to Build Crypto Bank in Wyoming
24.2.2020
A Wyoming corporation founded by Caitlin Long is preparing to apply for a special purpose depository institution (SPDI) charter with the state’s division of banking
Indian Supreme Court to Rule on Central Bank’s Crypto Banking Ban
24.2.2020
The building of the Indian Supreme court In New Delhi, India. Source: iStock/anil_shakya19
India’s Supreme Court is set to rule on a legal challenge to restrictions placed on banks dealing with cryptocurrency traders imposed by the central Reserve Bank of India (RBI). If the challenge proved...
‘Crucial’ for Central Banks to Consider Digital Currencies: Bank of England Exec
24.2.2020
Governments need to research digital currencies so they can strike a balance with private issuers, said the BoE's chief cashier
Senior Bank of England Official Calls for Urgent Digital Fiat Action
24.2.2020
Central banks in major economies continue to change their stance on digital currency issuance, with Sarah John, the Bank of England’s chief cashier, stating that it is “so crucial” that central banks act before tech giants establish dominance in the sector.
Per British newspaper the Telegraph, John...
Central Bankers From Canada, Netherlands, Ukraine Call Blockchain Unnecessary for Digital Fiat
24.2.2020
Central bank digital currencies have been a hot topic in blockchain circles recently, but central banks are lukewarm about blockchains
G20 Kicks Off 2020 Discussion on Cryptocurrencies — Urges Countries to Apply FATF Standards
24.2.2020
The G20 finance ministers and central bank governors had their first 2020 meeting this weekend in Saudi Arabia. They discussed cryptocurrencies and stablecoins, and issued a statement urging countries to implement the cryptocurrency standards set by the Financial Action Task Force. They were also...
Check out These 7 Crypto-Friendly Alternatives to Your Local Bank
23.2.2020
A scene from The Magnificent Seven, a classic Western movie (1960).
Bitcoin (BTC) and altcoin advocates claim that the real beauty of cryptocurrencies is their ability to allow ordinary folk to do away with bank-centered finance.
Perhaps that is why many banks have maintained a very conservative...
How the IRS Audits Cryptocurrency Tax Returns – Filing Expert Shares Example, Insights on AML Focus
23.2.2020
Tax season is one of the most dreaded times of the year for many, and when the added confusion of filing crypto returns is thrown into to the mix, things can get even stickier. News.Bitcoin.com recently talked with Clinton Donnelly of Donnelly Tax Law, a service that specializes in crypto returns....
Major HSBC Layoffs: 35,000 Job Cuts and Massive Restructuring Announced
22.2.2020
Banking giant HSBC has unveiled a major restructuring plan that includes 35,000 job cuts. The move came as the bank’s net profit plunged 53% last year. HSBC is also slashing $100 billion in assets and closing many branches. “This represents one of the deepest restructuring...
Sweden’s Central Bank Finally Embraces DLT – But Only in Simulation Mode
21.2.2020
Riksbank's e-krona pilot will run on distributed ledger tech, but the entire project will be operated as only a simulation through at least 2021
New Settlement Layer to Offer Asian Crypto Institutions Local Alternative to Silvergate Bank
21.2.2020
The new settlement layer is intended save Asian institutional traders from taking the "scenic route" via U.S. banking regulations
In Response to Bitcoin, Central Bank of Brazil Presents Instant Payment System Pix
21.2.2020
Banco Central do Brasil has started testing a new payment network with the promise to offer Brazilians near instant transactions and many new services. Portrayed as a response to Bitcoin, the Pix system will be mandatory for major financial institutions to ensure wide coverage. The project aims...
Sweden Is Testing Its New Central Bank Digital Currency
20.2.2020
Get ready for the e-krona!
Brazilian Central Bank Promises Instant Payment Platform to Compete With Crypto
20.2.2020
Brazil’s central bank president stated that its new payment platform is intended to compete with blockchain-based payment technologies
Brazil’s Central Bank to Launch Near-Instant Payments as a Response to Cryptocurrencies
20.2.2020
The PIX payments system is coming to Brazil next winter, promising almost instant transfers for individuals and businesses
South Korea’s Central Bank Is Building a New Blockchain System for the Bond Market
20.2.2020
The Bank of Korea is reportedly looking to build a blockchain system for the Korean bond market
Israeli Banks Should Not Deny Services to Crypto Firms: Attorney General
20.2.2020
Israeli banks should not deny services to firms involved with crypto, attorney general Avichai Mandelblit said