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Colorado Could Be Next in the Race to Bank Crypto (and Cannabis)
24.10.2019
State policymakers want Colorado to be the new Wyoming, creating friendly legislation to draw crypto companies
3 Major Signs That Precede the Fall of World Reserve Currencies
24.10.2019
The story of reserve currencies is long and stretches far back into ancient times. As modern history shows, however, the average lifespan of fiat reserve assets is just around 100 years. This means that even the U.S. dollar’s period of dominance is probably nearing its end very soon...
Germany’s Financial Crisis Invokes 5-Year Rent Freeze
24.10.2019
All eyes are on the German economy which was once perceived as stable and strong. However, the financial state of affairs has been tumultuous and Berlin’s state cabinet recently agreed to a five-year rent freeze to help curb the rising housing costs in the country. Moreover, Bundesbank just...
ING Bank Proposes Security and Privacy Trade-Off for Corda Blockchain
24.10.2019
ING has purportedly found a solution to improve the security and privacy trade-off on the Corda blockchain platform with zero-knowledge proofs
Belarusian Bank Gets the Go-Ahead to Service Crypto Investors
23.10.2019
A bank in Belarus has effectively gotten the green light to process transfers related to digital assets. DFS, an affiliated company of Belveb Banking Holding’s member VEB Technologies, was recently registered as a resident of the High Technologies Park. The country’s special economic...
National Bank of Cambodia Looking to Implement Cross-border Blockchain Payments
23.10.2019
In an interview with CNBC, Assistant Governor of National Bank of Cambodia, Serey Chea, said that her country is experimenting with the blockchain payment system. She expressed hope that in the future, the country will implement the open ledger technology to enhance efficiency and reduce...
Malaysia Regulator Approves International Crypto Exchange Luno
23.10.2019
The strict financial regulator in Malaysia is trying to help the local fintech industry scale up and attract new investors. As part of that trend the Malaysia Securities Commission is recognizing the right of cryptocurrency exchanges such as Luno to serve local customers. Also Read: Credit Suisse...
Lithuania’s Central Bank Considering IBM for Its LBChain DLT Platform
23.10.2019
IBM and Tieto are fighting for the right to develop a financial services blockchain platform for Lithuania’s central bank
Bank Crisis Spreads in India – Deaths, Strike, Supreme Court Denial
23.10.2019
The Indian banking sector is facing multiple challenges. Customers of several cooperative banks are still struggling to withdraw their money, and deaths have been reported in connection with withdrawal restrictions. Meanwhile, some 300,000 state-run bank employees are on strike against what...
ING Bank Devises Privacy Fix for R3’s Corda Blockchain
23.10.2019
ING, the Dutch megabank, has come up with a privacy fix for R3's Corda blockchain
Credit Suisse Is Latest Bank to Charge Clients for Cash Deposits
22.10.2019
In a normal world savers are expected to receive compensation for giving their money to the bank. Instead, due to negative interest rates, we are now seeing more financial institutions actually charging their clients for fiat cash deposits, with Credit Suisse the latest big bank to join in on this...
Cashaa Launches Banking Solution for Indian Crypto Owners
22.10.2019
Banking services platform Cashaa is offering a solution for Indian crypto owners facing banking restrictions imposed by the country’s central bank, the Reserve Bank of India (RBI). The service allows users to deposit up to 1 crore rupees (~$141,012) per month to purchase cryptocurrencies....
Bank of Cambodia: We’ll Allow More Control with Blockchain Payments
22.10.2019
Blockchain payments will enable greater financial control and remittance efficiency, says a National Bank of Cambodia official
Japan’s Third Largest Bank Completes Blockchain Trade Finance Test
22.10.2019
The third largest bank by assets in Japan, is set to begin utilizing R3's Marco Polo trade finance blockchain on a commercial basis by the end of 2019
Former Chief of Bank of England Warns World Economy is ‘Sleepwalking’ Into a New Financial Crisis
21.10.2019
Over the past months, many experts and policy-makers have voiced their concerns over the state of the world economy. In a new development, the former governor of the Bank of England, Mervyn King has stated that the global economy is heading towards a new financial meltdown. He actually used...
What Role Should Central Banks Have Launching Stablecoins Like Libra?
21.10.2019
Facebook wasn’t prepared for the backlash associated with Libra. But should central banks have a role in helping the stablecoin launch — and if so, what? #Sponsored
Fed’s Push for a Faster Payment System Could Create Difficulties for the Small Banks
21.10.2019
On Monday, the Federal Reserve Board announced that it is planning for a fast payment service known as FedNow. It is going to be a payment service that will facilitate and settle payments in real-time. Considering the way in which Fintech has grown, it is only natural that the Federal Reserve...
Indian Finance Minister Answers Crypto Questions at IMF Meeting
21.10.2019
At an IMF and World Bank meeting, Indian Finance Minister Nirmala Sitharaman talked about cryptocurrency and stablecoins when asked about Facebook’s Libra digital currency project. RBI Governor Shaktikanta Das also addressed the subject at the conference. Also read: Indian Supreme Court...
Remittances Partnership to Use Cambodia Central Bank’s Blockchain System
21.10.2019
The National Bank of Cambodia, the country’s central bank, signed an MoU on cross-border payments and remittances with Malaysia’s largest bank
Fed Research Considers Negative Interest Rates Effective Policy Tool
20.10.2019
A research paper published by the Federal Reserve Bank of San Francisco shows how negative interest rates could become an important policy tool for fighting future economic downturns. The paper examines the market response to the introduction of negative interest rates by five major central banks....