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JP Morgan Sees Millennials’ Bitcoin Preference Over Gold as Foundation for Its Long Term Success
25.10.2020
JP Morgan says bitcoin’s 2020 surge is set to continue as the digital cryptocurrency competes better against gold as an alternative currency. In a note, the financial institution says that with millennials set to become a more important market participant in the coming years, their preference...
Cybercrime task force monitoring the global digital financial system
24.10.2020
Regulators are addressing the growing threat of transnational cybercrimes in the financial industry
China Drafts Law to Legalize Digital Yuan, Outlawing Competitors
24.10.2020
China’s central bank, the People’s Bank of China (PBOC), has drafted a law to legalize the digital yuan and outlaw digital currencies issued by anyone else competing with it. Meanwhile, the central bank has been cracking down on gambling sites that use the stablecoin tether. China...
Voyager Digital Buys European Crypto Exchange Focused on Institutional Investors
24.10.2020
Crypto-asset broker Voyager Digital Ltd is buying LGO Markets, a French cryptocurrency exchange focused on corporate investors. The two firms will merge under one brand, Voyager, and their two separate native tokens, VGX and LGO, will also merge. The deal grants Voyager, a Canadian Securities...
ECB Executive Board Member on European Payments in the Digital Age
24.10.2020
Speech by Fabio Panetta, Member of the Executive Board of the European Central Bank (ECB), at the ECB Conference "A new horizon for pan-European payments and digital euro." Frankfurt am Main, 22 October 2020.
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Key points:
An uncontrolled change in the payments landscape...
Prepping for Next Year’s Travel Rule: 25 US Crypto Service Providers Publish Compliance Solutions Paper
24.10.2020
A great number of cryptocurrency businesses are preparing for the upcoming Financial Action Task Force (FATF) rules toward cryptocurrencies, specifically the Travel Rule. This month 25 Virtual Asset Service Providers (VASPs) published a paper that outlines how American-based VASPs aim to comply...
Digital ruble must ensure privacy, not anonymity: Russia’s central bank
23.10.2020
Russia’s digital ruble will not have the same level of anonymity as cash, says official
Bitcoin Businesses on the Mend: Report Shows 57% of Crypto Execs Expect the Industry to Accelerate, Companies Are Hiring
23.10.2020
Digital Currency Group (DCG) recently published the firm’s “State of Crypto 2020” report which polls more than 150 portfolio crypto companies. According to the study, 75% of the respondents believe the value of their business has grown this year, while 50% of the startups have...
Digital Ruble ‘Promising,’ Pilot Likely in 2021, Says Bank of Russia Chief
23.10.2020
The Bank of Russia might launch its own CBDC, a digital ruble, after piloting the project at the end of next year, its chairwoman said
Grayscale Adds $300 Million in Cryptocurrency Assets Under Management in Just 24 Hours
23.10.2020
Grayscale Investments said Thursday that it added $300 million in net assets under management (AUM) in just the last 24 hours. ■ The firm now has a record $7.3 billion in total AUM, according to a tweet by Barry Silbert, chief executive officer of the Digital Currency Group, Grayscale’s...
Russia doesn’t need to be first with a digital currency, says state expert
23.10.2020
Russia is purportedly taking a fast-second strategy for the digital ruble
Russian Public Officials Must Now Declare Their Crypto Holdings as Income
23.10.2020
Public officials in Russia will now be required to declare all the crypto assets they hold as income. The measures are with effect from Jan. 1, 2021, local media reported. Russia’s prosecutor general Igor Krasnov declared: “Starting next year, civil servants will be required to declare...
Grayscale Added $300M in Digital Assets to Its Portfolio During the Last Day
23.10.2020
Digital asset manager Grayscale Investments has acquired an additional $300 million in cryptocurrencies over the last 24 hours. See also: Grayscale Tells SEC Its Bitcoin Trust Rose $1.6B Over Six Months
Philippines Central Bank Governor: No Digital Peso Before 2023
22.10.2020
The central bank won’t pursue a CBDC for the duration of Governor Benjamin Diokno's term, which ends in 2023
DOJ’s Crypto Framework Is ‘a Complete Disaster’ for Digital Privacy Rights
22.10.2020
The U.S. Department of Justice's enforcement framework may pose a serious threat to the digital privacy rights of crypto users
PayPal might issue its own cryptocurrency soon, says CoinShares exec
22.10.2020
The CSO of CoinShares thinks that a payments-focused PayPal token could be forthcoming
China's Ant Group releases digital copyright platform on AntChain
22.10.2020
The platform is just the latest product in the fintech's long-evolving blockchain solutions
Voyager Agrees to Buy LGO Markets and Merge 2 Firms’ Tokens
22.10.2020
Two cryptocurrency trading firms are merging, and in a rare twist, so are their tokens
Central bank digital currency could 'threaten' Bitcoin says CZ
22.10.2020
Binance boss Changpeng Zhao aired his views on CBDCs adding that Bitcoin could be under threat if a more advanced currency was launched
CFTC Issues Guidance on Digital Currencies for Futures Commission Merchants
22.10.2020
The CFTC wants futures commission merchants to take care when dealing with customer's funds