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6 Central Banks Form Digital Currency Use Case Working Group
21.1.2020
The working group will pool research into CBDCs
Paxos Launches Automatic Conversions Between Bank Deposits and Stablecoins
21.1.2020
Paxos is enabling a new auto-transfer feature to streamline the conversion of funds between bank accounts and stablecoin deposits
RBI Confirms Crypto Not Banned in India
21.1.2020
The Reserve Bank of India (RBI) has confirmed that cryptocurrency is not banned in India. During the latest supreme court hearing of the crypto case, the central bank’s reply to the Internet and Mobile Association of India was read out in detail. The RBI clarified that it only fenced in...
Six Major Central Banks to Collaborate on Digital Currency Research
21.1.2020
The central banks of Canada, the United Kingdom, Japan, European Union, Sweden and Switzerland and the Bank for International Settlements created a CBDC research group
India’s Central Bank Explains Why It Blocked Banks From Using Cryptos in Court Filing
21.1.2020
The Reserve Bank of India has said in a court filing that it had "ringfenced" financial institutions from dealing with digital assets over perceived risks, but hadn't banned cryptos
Australian Financial Regulator Could Oversee Facebook’s Calibra Wallet
21.1.2020
The Australian Prudential Regulation Authority proposed a fintech regulatory framework that would have it oversee Libra’s corresponding Calibra wallet
CoinDesk at WEF 2020: Crypto Themes to Watch as Davos Gets Underway
20.1.2020
Get your Fourth Industrial Revolution hardhats on. CoinDesk is at Davos to guide you through all things blockchain and crypto at the yearly confab of global leaders and their hangers-on
Lithuania Central Bank: Limited Edition Digital Coin Ready for Launch
20.1.2020
The reverse of the coin. The Bank of Lithuania, the country’s central bank, has approved a sample of the LBCoin, a token that it claims will be the world’s first blockchain-powered digital commemorative coin. The bank says the token will be issued in spring this year.
The coin is made of silver...
Crypto vs RBI: 3 Days of Intense Supreme Court Hearings
18.1.2020
India’s supreme court heard the crypto case in detail over three consecutive days this week. In addition to intense arguments against the central bank having the power to ban crypto, the judges learned how other countries regulate this new sector, the amended EU directive, the FATF guidance...
Swiss-Regulated Digital Asset Bank Plans $95M Capital Raise
18.1.2020
Seba, a licensed Swiss bank offering crypto services looks to attract over $95 million in a secondary capital raise
Telegram’s Legal Battle With the SEC Heats Up Over TON Bank Records
16.1.2020
Former federal enforcement attorney weighs in on the battle for Telegram’s bank records, “Bank records are a typical request that very seldom denied”
Silvergate Bank and Bitstamp Launch Bitcoin Collateralized Loans
16.1.2020
U.S.-based Silvergate Bank has launched a bitcoin collateralized loan product with Bitstamp as its launch partner. The crypto exchange will act as the bank’s agent to manage and provide custody for bitcoin collateral. The product utilizes Silvergate Bank’s Exchange Network to fund loans...
SEC Issues Alert Against Initial Exchange Offerings
15.1.2020
The SEC has issued an alert to investors regarding initial exchange offerings. This warning is not an official statement on regulatory policy, but it does indicate the way the American market regulators view the practice and why many exchanges are shunning U.S. investors. Also Read: Telegram...
Indian Supreme Court Hears In-Depth Arguments Against RBI Ban
15.1.2020
India’s supreme court spent all day hearing arguments against the crypto banking ban by the Reserve Bank of India (RBI) on Wednesday. The counsel for the Internet and Mobile Association of India presented extensive arguments to convince the court that the central bank acted outside...
Uphold Opens Crypto Trading to Users With UK Bank Accounts
15.1.2020
Trading platform Uphold has added pound sterling support, in beta for now
Bitstamp Crypto Exchange to Pilot Leverage Trading via Bank Partnership
15.1.2020
Crypto exchange Bitstamp will pilot leveraged trading with crypto-friendly Silvergate Bank
Fed Officials Ponder Funding Hedge Funds and Private Brokers Directly
15.1.2020
On January 13, the New York Federal Reserve gave $60.7 billion to eligible private financial institutions by leveraging U.S. Treasurys and agency securities. With all the stimulus given to financial institutions since September, it hasn’t relieved the stress of economic uncertainty. Now...
What It Takes to Get a Crypto-Friendly Bank Charter in Wyoming
14.1.2020
An SPDI charter offered in Wyoming lets U.S. firms offer banking and custody services under a regulator that’s not the FDIC, but the application and capital requirements are as rigorous as launching a de novo state-chartered bank
China Issues Digital Currency Guide for Party Cadres
14.1.2020
Understanding a complex subject should be easier with access to educational materials. With blockchain and CBDC now part of Beijing’s political vocabulary, the Communist Party of China (CPC) has issued a guide to digital currencies meant to prepare party officials for upcoming changes in...
Telegram Will Release Bank Records to SEC in Ongoing Gram ICO Case
13.1.2020
Telegram has agreed to provide the SEC with bank records on the condition that they can redact those records before they reach the court