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To Improve the Resilience of its Financial System is Now a Priority for Reserve Bank of New Zealand

30.9.2019
Central banks all over the world are currently looking for a way to make their country’s financial system more efficient and in that regard, New Zealand is no different. In a new development, the Reserve Bank of New Zealand has indicated that the country’s financial system is good enough to tackle...

Attorneys Seek Bank of Ireland Execs’ Testimony Against OneCoin Scammer

30.9.2019
U.S. attorneys have submitted a motion seeking testimony from former Bank of Ireland execs in the case of a OneCoin cryptocurrency scammer

Interest Rate in Australia to Be Cut According to Financial Market Predictions

30.9.2019
Interest rates are being cut by most central banks all over the world in order to recharge economies. If the predictions from the financial markets are to be believed, the Reserve Bank of Australia is all set to cut interest rates as well. The Reserve Bank is going to convene its board meeting...

Massive Layoffs: Banks Cutting Nearly 60,000 Jobs Worldwide

30.9.2019
Banks are laying off workers across the globe as revenue declines throughout the sector. According to reports, banks have announced nearly 60,000 job cuts so far this year, with most of the layoffs happening in Europe, especially in Germany. Also read: Panic at 137 Bank Branches as RBI Limits...

Bankers Start to Recognize Bitcoin’s Role in Financial Evolution

29.9.2019
Digitization, disruption, blockchain, and frictionless payments. It’s amazing how prominent figures from the financial elite can provide a pretty detailed description of decentralized money without uttering “bitcoin” or “crypto.” But the fact of the matter is that...

Former Head of UBS Shares Excitement Over the “Powerful” Crypto Banking Potential

29.9.2019
The ex-CEO of the largest bank of Switzerland, UBS, Peter Wuffli, has stated that he intends to tap into the 220 billion dollar market of private individuals, as well as institutions, that already own digital currencies. At present, Wuffli serves as the director of Sygnum, a Swiss cryptocurrency...

China’s Fintech Stocks Soar Over 50% in 2019 Amid CBDC Anticipation

27.9.2019
China’s fintech stocks rise more than 50% in 2019 amid anticipation for state-backed crypto, a new report says

Venezuela’s Central Bank Indicates Plans to Stockpile Bitcoin

27.9.2019
Various reports reveal Venezuela’s central bank is allegedly contemplating hoarding a variety of cryptocurrencies like BTC within its internal reserves. The state-operated gas company Petroleos de Venezuela SA (PDVSA) has asked to send BTC and ETH payments to Banco Central...

ING’s Chief Economist Predicts Central Bank Digital Currencies in 2-3 Years

27.9.2019
Dutch bank ING's chief economist has said Facebook's Libra is pressuring central banks to launch their own digital currencies

Protests Led RBI to Raise PMC Bank’s Withdrawal Limit

27.9.2019
The Reserve Bank of India has relaxed the withdrawal limit of 1,000 rupees (approximately $14) it placed on a cooperative bank a couple of days ago. The central bank said it aims to reduce the hardship of depositors after many heavy protests followed its original order. Also read: Panic at 137 Bank...

Medici Bank Launches Private Beta Testing in October: Report

26.9.2019
Medici Bank launches private beta testing in partnership with at least two crypto-related firms in October

Venezuelan Central Bank is Considering Holding Bitcoin and Ether

26.9.2019
State-owned oil and gas company PSDV asks Venezuelan central bank to explore storing BTC and Ether

‘No Argument’ for Replacing Dollar’s Global Role With Crypto: Ex-Fed Official

26.9.2019
The ex-official pushed back at a suggestion from the chief of the Bank of England that a Libra-like crypto should replace USD in global markets

Ex-UBS Head Wants His Crypto Bank to Tap $220B Cryptocurrency Market

26.9.2019
Peter Wuffli, former head of UBS, and director at Swiss crypto bank Sygnum sees a tremendous opportunity in providing custody services for cryptocurrency holders

The New Medici Bank Is About to Take On Its First Crypto Clients

26.9.2019
The new crypto-friendly institution, founded by a descendant of the Renaissance-era banking dynasty, is about to onboard its first clients

Lloyds Bank Partners With Blockchain Platform to Streamline Trade Finance

25.9.2019
Lloyds Bank partners with blockchain firm Komgo to streamline its commercial bank division

Panic at 137 Bank Branches as RBI Limits Withdrawals to ₹1,000

25.9.2019
The Reserve Bank of India has imposed regulatory restrictions on a cooperative bank with 137 branches across India, including limiting customer withdrawals to a total of 1,000 rupees (approximately $14) per account for six months. Police personnel had to be deployed to control angry customers...