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Turkey Puts Central Bank Digital Currency on New Economic Roadmap
10.7.2019
The Turkish government has included a blockchain-based central bank digital currency as a target in its 2019–2023 economic roadmap
Metropolitan Commercial Bank Shuts Down Tether’s Accounts
10.7.2019
New York-based Metropolitan Commercial Bank has reportedly requested that Tether close its three accounts
Turkey’s New Economic Roadmap Calls for Central Bank Cryptocurrency
10.7.2019
The initiative is part of Turkey's 11th Development Plan aimed at to reinvigorating the national economy
Poloniex Crypto Exchange Users Can Now Use Cards and Bank Accounts
10.7.2019
Poloniex customers can now use credit and debit cards or bank account deposits to purchase crypto
Metropolitan Bank Says It Shut Down Tether’s Account After 5 Months
10.7.2019
Metropolitan Commercial Bank maintained accounts for Tether and affiliated companies for less than half a year before shutting them down
The Provident Bank Now Offers Deposit Services for Crypto-Related Entities
10.7.2019
The Provident Bank has started offering deposit and other banking services to cryptocurrency issuers, exchangers and investors
‘PayPal is F*cked’: BitMEX CEO Says Facebook Libra Will Make Banks ‘Dumb Nodes’
10.7.2019
PayPal is a dead end, says BitMEX’s Arthur Hayes
Ex-PBoC Governor: China Must Take Precautions Against Libra Trend
10.7.2019
The former governor of the People’s Bank of China says “China should take precautions” against the trend represented by Facebook's Libra cryptocurrency
EU Central Bank Won’t Add Bitcoin to Reserves — Says Its Not a Currency
10.7.2019
European Central Bank’s latest bitcoin-isn’t-money soundbite fails to win favor with Twitter followers
Money Laundering Scandals Bring Court Charges and Record Job Cuts to Euro Banks
9.7.2019
The international financial establishment is known to express concern about the risks of money laundering when the crypto space is mentioned. A string of scandals indicates, however, that traditional banks are not only susceptible to the phenomenon but sometimes complicit, whether knowingly...
China’s Central Bank Developing Own Digital Currency in Response to Libra
8.7.2019
The Chinese central bank is developing its own digital currency in response to Facebook’s forthcoming Libra stablecoin
Chinese Central Bank’s Blockchain Trade Platform Processed $4.36B
8.7.2019
China’s central bank, the People’s Bank of China, has processed $4.36 billion in foreign exchange transactions on its blockchain platform since its inception
Who Are the Real Thieves? Danish Authorities Seize 3 Ferraris in Tax Evasion Crackdown
8.7.2019
Last week Danish authorities seized three Ferraris belonging to a large Copenhagen-based business allegedly seeking to avoid VAT. With the largest bank in Denmark—Danske Bank—also being embroiled in a tax avoidance scandal last year, it seems timely to explore the common libertarian...
Trading Bitcoin Is Illegal in Iran, Central Bank Official Warns
8.7.2019
Buying and selling bitcoin is prohibited in Iran by a local AML authority, a Central Bank official said
Central Bank Executives Of Europe Demand Rapid Regulatory Action For Facebook’s Libra
8.7.2019
Facebook’s ambitious and much-talked-about cryptocurrency Libra never fails to keep the crypto community abuzz. Whether it is about its whitepaper release or regulatory concerns, Libra is almost always in the news. The latest update doing the rounds, as reported by Bloomberg on 7th July 2019,...
As Deutsche Bank Axes 18,000 Jobs, Bitcoin Offers a Powerful ‘Plan ฿’
8.7.2019
Deutsche Bank taking an axe to 18,000 jobs and winding down its investment banking arm paints a bleak picture of traditional finance at a time of booming growth for crypto
European Central Bank Exec Calls for Fast Regulatory Action Regarding Libra
7.7.2019
Financial regulators must act fast to prepare for Facebook’s Libra stablecoin, according to European Central Bank executive board member Benoit Coeure
Japan’s Central Bank Rules Out Issuing Cryptocurrency, Say Would Mean Dropping Cash
6.7.2019
Japan’s central bank, Bank of Japan has put the question of launching cryptocurrencies to rest. A bank official stated on Friday that issuing a central bank cryptocurrency would require the county to end cash totally, which at this stage isn’t feasible. Deputy Governor of the Bank...
‘Don’t Worry We Can Just Print More Money’ – Swedish Central Bank Ponders -1.5% Interest Rate
6.7.2019
At a press conference on Wednesday, the head of the Swedish Central Bank admitted that interest rates could potentially go as low as -1.5%, and quipped that Swedes likely wouldn’t even protest. Other countries implementing negative interest rate policies are producing lukewarm results that...
Three Bank Failures Open New Chapter in Never-Ending Financial Crisis
5.7.2019
The collapse of three banks on three different continents indicates a new global crisis is brewing. But it may also show that the last one never really ended and the tools used to manage the global economy simply don’t work. Also read: Side Effects of Economic Growth: Is Snowden Right to...