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ECB says digital euro may be needed to combat 'artificial currencies'
3.6.2021
The ECB’s annual euro report stressed that a digital euro may be needed to fight off the threat of “artificial currencies” from “foreign tech giants.”
Standard Chartered Bank Launching Cryptocurrency Exchange and Brokerage
2.6.2021
Major banking corporation Standard Chartered is launching a cryptocurrency exchange and brokerage service, giving its clients access to cryptocurrencies, such as bitcoin and ether. Standard Chartered joins a growing list of major banks worldwide that have embraced cryptocurrency. Standard Chartered...
China to hand out $6.2M in new digital yuan trial in Beijing
2.6.2021
Beijing residents should apply to participate in the lottery until midnight on June 7
Bitcoin Will Face Tougher Regulation as Popularity Grows, Says Sweden’s Central Banker
2.6.2021
The Swedish central bank’s governor says bitcoin will face tougher regulation given its sheer popularity that continues to grow. “When something gets big enough, things like consumer interests and money laundering come into play,” said Stefan Ingves, Governor of the Riksbank....
Euro investment bank predicts shortfall in blockchain and tech investment
1.6.2021
The EU is billions of dollars behind China and the U.S. when it comes to investment in blockchain and articifical intelligence, says the EIB
Major Indian Bank HDFC Says ‘It’s a Matter of Time Before Indian Investors Have Legal Access to Crypto Plays’
1.6.2021
One of India’s leading private banks with 5,608 branches and 16,087 ATMs, HDFC Bank, has published a report stating that “it is just a matter of time before Indian investors have legal access to crypto plays.” This statement came as the bank scrutinizes crypto transactions...
UK Starling bank to resume crypto exchange deposits in late June
1.6.2021
Starling blocked crypto exchange deposits last week, citing “high levels of suspected financial crime with payments to some cryptocurrency exchanges.”
Bitcoin's rising popularity will lead to more regulation, says Riksbank
1.6.2021
Riksbank Governor Stefan Ingves says there's “good reason to believe” that more regulatory oversight of cryptocurrencies is in the pipeline
Bank account flows for South Korean crypto exchanges surge 40% since 2020
1.6.2021
Upbit exchange paid 10 times more in fees to South Korean internet bank K bank Q1 2021 than in the previous quarter
Southeast Asia’s Largest Bank DBS Launches First Security Token Offering on Its Cryptocurrency Exchange
1.6.2021
DBS, Southeast Asia’s largest bank, has launched its first security token offering (STO) on its cryptocurrency exchange. The DBS Digital Bond is priced at 15 million Singapore dollars. “We expect asset tokenization to increasingly become more mainstream,” said a DBS executive....
Singapore’s DBS Bank launches digital bond security token
1.6.2021
Institutional or accredited investors signed up to the DBS Digital Exchange will be able to access secondary markets for DBS’s digital bond
BNY Mellon Sets Up Crypto Unit in Ireland as Central Bank Says Bitcoin Is ‘of Great Concern’
1.6.2021
U.S. banking corporation BNY Mellon is gearing up to offer crypto custody services out of Dublin where it has just established a digital hub. The news coincided with a stark warning issued by a top central bank official in Ireland who said people should only buy bitcoin if they’re prepared...
India’s Central Bank RBI Confirms Crypto Banking Ban ‘No Longer Valid’ — Asks Banks to Stop Quoting It
31.5.2021
Indian central bank, the Reserve Bank of India (RBI), has officially advised banks that its banking ban circular is no longer valid as it was set aside by the country’s supreme court more than one year ago. Despite the supreme court’s ruling, banks have been citing the RBI circular when...
Indian central bank clarifies regulations as local banks shun crypto
31.5.2021
Banks like HDFC and State Bank of India reportedly cautioned customers against crypto, citing the RBI’s quashed crypto circular
Japan’s Top Financial Watchdog Sends a Warning Crypto Derivatives Exchange Bybit
31.5.2021
The Japanese government’s Financial Services Agency (FSA) has issued a warning to the crypto derivatives exchange Bybit claiming that the trading platform is allowing residents of Japan access to the exchange. The news follows the Bank of Japan Governor Haruhiko Kuroda criticizing digital...
Bitcoin ‘of great concern,’ Ireland’s central bank official warns
31.5.2021
Cryptocurrency investors should be ready to lose all their holdings, according to Ireland’s central bank financial conduct director
Central Bank of Brazil Issues Guidelines for Its CBDC
31.5.2021
The Central Bank Of Brazil, the highest monetary authority of the country, has released a note listing the general guidelines for the design of a hypothetical central bank digital currency (CBDC) for the country. While there are still no concrete steps taken in this direction, at least the document...
Major British Bank Natwest Alerts Customers With Tips to Avoid Cryptocurrency Scams
31.5.2021
Major British bank Natwest has launched an alert to urgently warn its customers of cryptocurrency scams, which have been on the rise. The bank has provided several tips for customers “thinking of investing in bitcoin or other cryptocurrencies” on how to spot scams involving...
Central Bank of Sweden Invites Financial Market Actors for Second Phase of E-krona Pilot
30.5.2021
Sveriges Riksbank, the central bank of Sweden, will carry out the next stage of its e-krona project with the help of two organizations from the financial sector. The move signals a transition from the initial in-house testing with simulated participants to cooperation with real, external partners....
JPMorgan Boss Jamie Dimon Personally Advises People to ‘Stay Away’ From Cryptocurrency
30.5.2021
JPMorgan Chase CEO Jamie Dimon has given personal advice to investors regarding investing in cryptocurrencies, like bitcoin. He said that his own personal advice to people is to “stay away” from cryptocurrencies. However, his bank, JPMorgan, will not stay away as clients want exposure...