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US Senator Toomey Highlights Digital Currency Regs as He Eyes Banking Panel Chairmanship
5.10.2020
Senate Banking Committee member Pat Toomey (R-Pa.) said Monday that he intends to take up digital currency regulation and payments system reform if he becomes the committee’s next chairman
Former EU Parliament Member Godfrey Bloom Who Calls Banking System a Scam Bought His First Bitcoin
4.10.2020
Former Member of the European Parliament Godfrey Bloom has bought his first bitcoin. The British politician is famed for numerous controversial views, such as calling the entire banking system a scam and the state an institution of theft. Godfrey Bloom Now Owns Bitcoin Godfrey Bloom is a British...
All Currencies Will Be Pegged to Bitcoin, Says ‘Price of Tomorrow’ Author Jeff Booth
3.10.2020
Entrepreneur and popular author Jeff Booth has predicted a grim future for fiat currencies, expecting them to fail as central banks keep printing money. Foreseeing an unavoidable, severe depression and banking failure, he believes bitcoin will become the world’s reserve currency and...
CBDCs Could Challenge US Dollar’s Dominance: Deutsche Bank
30.9.2020
Central bank digital currencies have the potential to challenge the primacy of the U.S. dollar, according to a new report from Germany's Deutsche Bank
Keiser Insists ‘Bitcoin Inversely Correlated To USD Not Stock Markets’ After Crypto Market Tumble
23.9.2020
Reports that global banking giants helped criminals launder money for close to two decades helped spark the crash of global stock markets on Monday, September 21. Also tumbling in tandem with stocks were cryptocurrencies thus leading to renewed concerns that digital assets are intertwined with...
US Banks Can Now Hold Reserves for Stablecoin Issuers, Says Federal Banking Regulator
22.9.2020
The U.S. Office of the Comptroller of the Currency (OCC) on Monday published a letter clarifying that national banks and federal savings associations can now hold reserves for stablecoin issuers in the country. According to the OCC’s interpretive letter, reserve accounts can either be funded...
US banking regulator authorizes federal banks to hold reserves for stablecoins
21.9.2020
Federal banks in the U.S. see new capacity to provide services to crypto firms, specifically stablecoin operators
5 Major Banks Exposed for Moving Trillions for Mobsters, Onecoin, and Drug Cartels
21.9.2020
According to the International Consortium of Investigative Journalists (ICIJ), five major global banks have been exposed funneling trillions of dollars in criminal funds in the recently leaked FinCEN Files. The massive leak is 2,100 documents spanning from 2000 to 2017 which shows fraudulent funds...
Leak Alleges Banking Giants 'Moving Staggering Sums of Illicit Cash'
21.9.2020
Documents uncovered by an investigation conducted by 110 news organizations appears to show global banking giants moving trillions of dollars for clients allegedly involved in fraud, embezzlement, money laundering and more, as the banks defend themselves against the allegations. Meanwhile,...
Interview: Caitlin Long and David Kinitsky on crypto's big win with Kraken Financial bank charter
17.9.2020
Avanti CEO and Kraken Financial Managing Director discuss Wyoming's progressive steps in blockchain regulation
BRD’s enterprise banking blockchain boosted by new compliance strategy
17.9.2020
Crypto wallet provider BRD partners with Ciphertrace, Chainalysis and others to boost its banking enterprise solution
Kraken Cryptocurrency Exchange Gets US Banking License, Plans to Be Global Bank
17.9.2020
Cryptocurrency trading platform Kraken has received a banking license recognized under federal law to operate as a bank in the U.S. The company has outlined its plans to offer a number of cryptocurrency-focused financial services locally and globally. Kraken Now a US Bank Kraken announced Wednesday...
Wyoming Bank Regulator Taps Chainalysis to Boost Crypto Tracing Efforts
17.9.2020
The Wyoming Division of Banking will receive training and two software licenses from blockchain intelligence firm Chainalysis
Kraken Becomes First Crypto Exchange to Become a US Bank
16.9.2020
Kraken is the first cryptocurrency firm to become a bank. On Wednesday, the Wyoming Banking Board voted to approve the San Francisco-based crypto exchange’s application for a special purpose depository institution (SPDI) charter. Kraken is the first SPDI bank in Wyoming and according to the Wyoming...
BIS Seeking Blockchain Expert to Lead Digital Currency Research
16.9.2020
BIS is looking for a blockchain engineer to take a lead on its digital currency initiatives, which includes CBDC and digital security research
Report: Market Valuation of 14 Banking Giants Shed $635 Billion This Year
16.9.2020
The world’s largest banks lost a considerable amount of market valuation amid the Covid-19 pandemic, according to a new report that estimates financial incumbents lost $635 billion. Between December 2019 and August 2020, the market caps of 14 major banking institutions lost upwards of 30-50%...
The Crypto Firms Collaborating on a Swiss Franc Stablecoin
14.9.2020
“Coopetition” is an ungainly term at the best of times. But it appears that’s what’s happening among Swiss stablecoin issuers
European Union Seeks Strict Regulation of Crypto and Stablecoins in New Draft Law
12.9.2020
The European Commission, the executive arm of the E.U., has drawn up regulation to tightly monitor cryptocurrencies it considers “significant”, including asset-backed stablecoins like Facebook’s libra. Euractiv, a European news outlet, first reported the news on Sept.10, citing...
Pandemic Will Speed Bitcoin Adoption, Says DBS Bank Economist
10.9.2020
When it comes to bitcoin, Singapore's DBS Bank sees a "pandemic-led acceleration of adoption."
Latin Americans Turn to Bitcoin as Local Fiat Currencies Plunge
8.9.2020
Latin Americans have embraced cryptocurrency as a store of value while their fiat currencies depreciate, a new report shows. Bitcoin adoption in the region is further driven by the lack of banking access and remittance needs. Latin American Bitcoin Adoption Blockchain data analytics firm...