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El Salvador’s central bank accepts Qredo's registration to provide crypto services
5.5.2022
Registered Bitcoin service providers in El Salvador include Chivo, the firm behind the state-issued crypto wallets and kiosks, Paxos Trust Company, Paxful, and OpenNode
ECB Favors Transparency Over Privacy in Digital Euro Design, Presentation Reveals
5.5.2022
The European Central Bank (ECB) leans toward a “transparent” digital euro over one that ensures a higher level of privacy for its users, a presentation devoted to the project has indicated. In the document, the monetary authority explores different privacy options for...
Argentinian Digital Bank Brubank Includes Crypto Purchases in Its Platform
5.5.2022
Brubank, one of the first Argentinian digital banks approved by the central bank of the country, is getting into the cryptocurrency business. The company announced it is now allowing customers to make cryptocurrency investments via its platform, giving them the ability to purchase crypto assets...
World’s Largest Family-Owned Private Bank Now Offers Crypto Investments via SEBA Bank
5.5.2022
On Wednesday, the world’s largest family-owned banking institution, LGT Bank, announced that it has selected SEBA Bank in order to provide cryptocurrency custody and brokerage services to clients. LGT will start by offering investments in bitcoin and ethereum and the bank’s customers...
US Central Bank Raises Rates by Half a Percentage Point, Fed’s Powell Says Similar Hikes Are on the Table
4.5.2022
The U.S. Federal Reserve raised the benchmark interest rate on Wednesday and the increase was the biggest rate hike in two decades. “Inflation is much too high,” the central bank’s chair Jerome Powell said after the Fed raised rates by 0.5%. FOMC Decides to Hike Rate by 3/4...
Fed hikes interest rates by 50 basis points in effort to combat inflation
4.5.2022
The May Federal Open Market Committee policy meeting concluded with the largest single rate hike in over two decades
Fed Targets Inflation With Expected Half Point Hike, Will Reduce Assets
4.5.2022
The US Federal Reserve (Fed) raised interest rates by 0.5 percentage points, to 0.75%-1%, in line with what analysts expected and what Fed Chair Jerome Powell has previously communicated. (This is a developing story and is being updated.)...
Read More: Fed Targets Inflation With Expected Half...
Global private bank LGT to open Bitcoin and Ether trading
4.5.2022
LGT Bank has partnered with the Swiss crypto bank Seba to offer custody and trading services for Bitcoin and Ether
LGT, World’s Largest Family-Owned Private Bank, to Offer Crypto
4.5.2022
The financial institution owned by the princely House of Liechtenstein is working with Switzerland’s SEBA Bank
Uganda Central Bank Tells Licensed Entities to Stop Facilitating Crypto Transactions
4.5.2022
The Ugandan central bank has warned licensed entities and the public against facilitating crypto-related transactions as well as the practice of converting cryptocurrency into mobile money and vice versa. The central bank warned it will not hesitate to act against entities found to be in breach...
Report: 100,000 Cubans Are Using Cryptocurrencies to Bypass Financial Sanctions
3.5.2022
On May 2, 2022, a report stemming from the broadcast television and radio network the National Broadcasting Company (NBC), 100,000 Cubans are leveraging crypto assets. The report says increased crypto usage is due to the fact that Cubans cannot use certain payment vehicles due to the sanctions...
Weiss Ratings Report Claims Crypto-Backed Home Loans Spell Trouble
3.5.2022
A report published on May 2 by the rating agency Weiss Ratings warns that crypto-backed mortgages “spell risk.” Weiss editor Jon D. Markman said backing a mortgage with crypto is an “interesting strategy,” but stressed that during these market conditions...
Banco Galicia Becomes First Bank to Introduce Crypto Trading in Argentina
3.5.2022
Banco Galicia, one of the largest financial institutions in Argentina, has introduced cryptocurrency trading as part of the services it is currently offering to customers. Users interested in investing in cryptocurrency are already able to purchase four different crypto assets directly from...
Crypto Bahamas: Regulations enter critical stage as gov't shows interest
3.5.2022
SALT’s Crypto Bahamas brought together traditional financial players with crypto companies and industry experts to discuss the future of digital assets
Argentina’s Largest Private Bank Launches Crypto Trading Feature
2.5.2022
Banco Galicia now allows users to buy bitcoin, ether, USDC and XRP
Crypto.com's Rewards, "Secret" Bitcoin Legal Tender, Ethereum Fees, Hack & Bounty + More News
2.5.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Crypto.com's Rewards, "Secret" Bitcoin Legal Tender, Ethereum Fees, Hack & Bounty + More News
Eurosystem Seeks Providers of Prototype Payment Solutions for Digital Euro
1.5.2022
Eurozone’s monetary authority, the Eurosystem, is looking to enlist financial companies willing to develop front-end solutions for the digital euro. The plan is to carry out a “prototyping exercise” this year to test transactions to the back-end developed by the regulator....
Bahrain Central Bank Issues New Regulations Governing Operations of Crowdfunding Platforms
1.5.2022
The Central Bank of Bahrain (CBB) has said new regulations compelling operators of crowdfunding platforms to ensure their products are suitable for clients are set to replace existing rules which were first issued in 2017. Segregation of Client Money From Platform Operators The Central Bank...
India Exploring Commercial Uses for Central Bank Digital Currency, Says Finance Minister
1.5.2022
The Indian government is exploring “several commercial use purposes and not just financial inclusion” for its central bank digital currency. India’s finance minister clarified that the aim is for the digital rupee, which will be backed by the Reserve Bank of India (RBI), to...
With an ‘Aggressive’ Fed Rate Hike Expected Next Week, Stocks and Crypto Markets Lose Billions
1.5.2022
Investors will be focused on the U.S. central bank this Wednesday as Federal Reserve policymakers are expected to raise the benchmark interest rate aggressively. The top U.S. stock indexes saw significant losses at the end of the week, and the Nasdaq composite saw its worst four-month starting...