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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
Digital Currency Manual for Chinese Officials in High Demand, Enters Second Printing
13.1.2020
Chinese party officials show interest in a manual on digital currencies as the government opens to blockchain technology
US and European Regulators Say Crypto a Priority This Year
12.1.2020
Several regulators in the U.S. and Europe have made cryptocurrency among their top priorities this year. The Securities and Exchange Commission’s compliance office and the European Securities and Markets Authority, in collaboration with other regulators, have outlined their plans to focus...
China’s Central Bank: Here’s the Latest on the Digital Yuan
10.1.2020
China's central bank said several "top-level" processes in developing a digital yuan are "almost complete
ANALYSIS: The Global Game of Coins Heats Up
10.1.2020
A new paper from the PBoC says the “top-level” design of its digital currency is complete while AMLD5 in Europe is causing crypto companies to flee
China’s Central Bank Completes Top-Later Design and Joint Tests of Planned CBDC
10.1.2020
People’s Bank of China has announced the realization of the top-layer design and joint testing of the planned digital yuan
MUFG Bank Issues First Blockchain-powered Letter of Credit + More News
10.1.2020
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.
Blockchain news
Japanese financial behemoth Mitsubishi UFG (MUFG)’s banking arm has announced that it has issued its first...
Low Interest Rates Provide Precarious Protection Against Crisis, World Bank Warns
10.1.2020
The latest global debt wave is the largest in the past five decades, the World Bank has acknowledged in a new report. The international institution notes that previous waves of broad-based debt accumulation lead to widespread financial crises. Historically low interest rates this time might not...