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ECB’s Yves Mersch Warns Libra Cryptocurrency Is ‘Facebook’s Siren Call’
2.9.2019
Facebook’s Libra stablecoin is “beguiling but treacherous,” according to European Central Bank key legal official Yves Mersch
US Firm Raises $12M for Bank-Focused Blockchain Payments Solution
2.9.2019
Trinity Ventures led a $12 million round for Baton Systems’ development of its blockchain solution for bank-to-bank payments
500,000 BTC Payout, Sudden Slump: Hodler’s Digest, Aug. 26–Sept. 1
1.9.2019
In this week’s Hodler’s Digest, Bitcoin back in four figures, Craig Wright ordered to pay 500,000 BTC, and French police shut massive botnet
Doors To The Cryptocurrency Accounts Opened For European Citizens by Bitwala
1.9.2019
Bitwala has announced the launch of their bitcoin banking app for iOS and Android. Bitwala is a Berlin-based crypto banking startup with customers in about 31 of the European countries. All of these residents can now apply for a German account in the banks, with functionalities like bitcoin wallet...
Kyrgyzstan Proposes a Law to Tax Cryptocurrency Mining After Banning The Same In 2014
1.9.2019
According to reports from the regional news outlet Kabar, the Ministry of Economy of the Kyrgyz Republic has submitted a draft law “On Amending the Tax Code”. The law will introduce taxes on cryptocurrency mining activities. Back in July 2014, the central law authority of the country had explicitly...
Should Crypto Stay Decentralized or Are CBDCs Better? Experts Answer
1.9.2019
Government-backed digital currencies or decentralized cryptocurrencies? Industry experts weigh in
India Announces Multiple Mega-Mergers of State-Owned Banks in Latest Attempt to Spur Growth
31.8.2019
India is one of the handfuls of nations in which publicly owned banks still make up the major chunk of the financial system and while it has its merits, it has its demerits as well. In recent years, some of the biggest public sector banks in the country have been encircled with bad loans...
Tether Plans to Mint Digital Yuan and Commodity Coins, Says Bitfinex Shareholder
31.8.2019
Tether Holdings, the firm that issues tether (USDT), has plans to launch an offshore Chinese yuan stablecoin called CNHT. Tether’s digital dollar presence within the crypto economy has been massive in recent months, seeing significant demand from China. Bitfinex shareholder Zhao Dong...
Is Blockchain Payments Integration in Messenger Apps Good for Crypto?
30.8.2019
While some analysts expect platforms like Libra to bolster crypto adoption, others fear the centralization of blockchain payments
German Cabinet and Bundesbank Are in Close Communication on CBDC Issues
30.8.2019
The German Cabinet and Deutsche Bundesbank are working together on the issue of CBDCs
Germany’s Bitwala Launches All-In-One Mobile Bitcoin Bank App
30.8.2019
Bitwala launches smartphone banking with integrated Bitcoin wallet and trading for 30 European countries
Analysts Project Tough Times Ahead for Banks After Gloomy Bank of America Forecasts
30.8.2019
More often than not troubles in the banking sector do not only ever stay restricted with one bank, unless of course, the issue is specific to the bank. For instance, if a bank loses its way due to risky investments, then it might not affect the whole sector, but when the issue becomes a structural...
People’s Bank of China Denies Media Reports About Launching State-Backed Cryptocurrency
30.8.2019
Recently, the People’s Bank of China, known as the Central Bank of the nation, has confirmed that the bits of gossip regarding the launch of a state-backed cryptocurrency is false. The declaration was made in the report by The Global Times, the official paper of the Communist Party of China...
More Crypto Regulations for Japan as Bank Reveals Wallet Plans
30.8.2019
Japan’s regulatory Financial Services Agency (FSA) looks set to beef up its policing of the country’s cryptocurrency exchanges.
Per a report from Japanese media outlet Crypto Watch, the FSA wants to revise more laws and bolster cooperation with overseas authorities.
Exchanges will be cheered by...
Report: No Bank Account Needed to Transfer China’s Upcoming CBDC
30.8.2019
The upcoming China CBDC will be available to users without bank accounts, says Binance Research
China’s Digital Currency Will Be Two-Tiered, Replace Cash: Binance
29.8.2019
Binance claims the PBOC’s system will allow fund transfers without the need for a bank account using what it terms ‘decoupled’ banking
Stablecoins Vulnerable to Regulatory Uncertainty: European Central Bank
29.8.2019
The European Central Bank says stablecoins with clear governance may be hampered by regulation uncertainty
Chinese Central Bank ‘Crypto’ Not Launching in November: State Media
29.8.2019
Chinese state media: central bank says reports that its state-backed crypto will launch in November are “inaccurate speculation”
Binance Research Presented a Report on CDBC Proposed Digital Ledger
29.8.2019
The market analysis and research arm of Binance, Binance Research, has presented a report on the CDBC (Chinese Central Bank Digital Currency), the proposed digital currency by the People’s Bank of China. Further, in the report, titled “First Look: China’s Central Bank Digital...
Crypto Can Boost Indian Economy – How Banning Will Hurt it
29.8.2019
The Indian economy is experiencing severe economic slowdown not seen in many years, and cryptocurrency can potentially help. However, the government is considering a draft bill to ban cryptocurrencies, which could have undesirable consequences on the economy. Meanwhile, the Indian crypto community...