Search
Top ECB Official Ramps Up Anti-Crypto Rhetoric, Calls for Global Regulations
28.4.2022
Comparing the rise of crypto assets to the gold rush, a top executive at the European Central Bank has urged governments to take action to prevent “a lawless frenzy of risk-taking.” Speaking in the U.S., the ECB official called for a global regulatory clampdown on cryptocurrencies...
Deutsche Bank Predicts Major US Recession Next Year
28.4.2022
Deutsche Bank’s economists have warned that the U.S. will suffer a major recession next year. However, several other major investment banks, including Goldman Sachs and JPMorgan, are less pessimistic about the future outlook for the U.S. economy. Major US Recession Incoming, According...
More Confidence By Banks Could Trigger 'Second Wave' Of Crypto Adoption - Expert Panel
27.4.2022
Asia-focused banks and financial institutions consider there is a need for more regulatory clarity across the region, but also more confidence by financial institutions to trigger what could become the “second wave” of crypto adoption across the region, according to the participants of a debate...
Indian Banks Request NPCI Clarification on Crypto UPI Payments
25.4.2022
The crypto industry has become an unavoidable force in the finance sector that even traditional institutions are looking to adopt. While world governments like the USA are being blamed for joining the crypto race late, India seems to be moving to the next level with crypto UPI. A few months...
Why Banks and Payment Processors Shun Perfectly Legal Businesses
25.4.2022
Porn, gambling and even furniture sales are deemed “high-risk” merchant categories. Sometimes the risk is financial; other times it’s just bad publicity
Morgan Stanley Says Wholesale Banks Can Thrive in a More Regulated Crypto Market
25.4.2022
The revenue opportunity could reach as much as $16 billion in the next three to five years, the bank’s analysts said
Latam Is a Hotbed of Opportunities for Crypto Companies, According to Ripple
24.4.2022
Ripple, the cryptocurrency and payments company, has issued an article examining the opportunities that Latam brings for crypto companies as its regulated payments rails come to crypto. While the region faces some obstacles due to its economic traits and the dominance of centralized banks,...
Ukrainian Central Bank’s ‘Quasi-Cash Transaction’ Restrictions Could Affect Crypto Users
22.4.2022
Ukraine’s central bank, the National Bank of Ukraine (NBU), has placed additional restrictions on its citizens’ cross-border money and asset transfers, a measure that will affect crypto transactions....
Read More: Ukrainian Central Bank’s ‘Quasi-Cash Transaction’ Restrictions Could Affect Crypto...
OCC issues order against Anchorage Digital over AML compliance
22.4.2022
The bank hinted that the OCC’s actions might help establish a regulatory precedent that could encourage other firms in the space to set up federally regulated digital asset banks
Australian prudential regulator releases roadmap for cryptocurrency policy
21.4.2022
The Australian Prudential Regulation Authority foresees enacting requirements for bank exposure, operational risk and stablecoins by 2025
Russian Bankers Suggest Criminalizing Crypto Storage in Non-Custodial Wallets
20.4.2022
Keeping cryptocurrencies in non-custodial wallets may be criminalized in Russia, if authorities accept a proposal from the trade association representing Russian banks. While financial regulators think the idea deserves attention, lawmakers and experts doubt it’s possible to implement such...
Silvergate Bank's Q1 Net Income Nearly Doubles to $24.7M
19.4.2022
Crypto-focussed Silvergate Bank recorded net income of $27.4 million in Q1 2022, more than doubling its income of $12.7 million for the corresponding quarter a year earlier
Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing
19.4.2022
The Central Bank of Russia has emphasized the importance of moving forward with its digital ruble project. According to a statement by a top representative, the monetary authority has no intention to delay the trials despite not all invited banks being ready to participate yet. Bank of Russia...
Russian bankers reportedly want to outlaw noncustodial crypto wallets
18.4.2022
The Association of Banks of Russia has previously collaborated with Binance as part of its expert center focused on crypto regulation
The world doesn’t need banks, policymakers or NGOs — It needs DeFi
17.4.2022
DeFi can usher in a system where people don’t have to pay international corporations 10% to send money home in the internet era of Web3
Central Banks Struggle With Privacy-related CBDC Headaches
13.4.2022
As a number of countries across the globe are working on developing their respective central bank digital currencies (CBDCs), ensuring a separation between identity and transaction data could produce a better environment for privacy protection and could lead to public confidence and trust...
CBDCs Turn Up Heat on Banks, May Spurn Distributed Ledgers, Study Suggests
12.4.2022
Central bankers interviewed by the Financial Stability Institute are wondering if increased competition could help the 1.7 billion people cut off from financial services to get access
Morgan Stanley Says US Could Regulate Stablecoin Issuers Like Banks
12.4.2022
A U.S. CBDC is needed to ensure the dollar remains the world’s dominant payment mechanism, the bank’s analyst said
Want to See the Future of Banks? Look at Telcos
11.4.2022
DeFi may allow banks to offer a wide range of services fast and efficiently, but in the end, these organizations will focus on their traditional, core strengths
FDIC Asks Thousands of Banks to Disclose Crypto Plans
11.4.2022
The U.S. Federal Deposit Insurance Corporation (FDIC) has asked thousands of banks and other financial institutions it supervises to declare existing crypto activities and any plans they have to engage in crypto activities in the future. Banks to Disclose Crypto Plans to FDIC The Federal Deposit...