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Basel Study Shows World’s Largest Banks Are Exposed to $9 Billion in Crypto Assets

1.10.2022
A first-of-its-kind study published by the Basel Committee on Banking Supervision details that the world’s largest financial institutions are exposed to roughly €9.4 billion (US$9 billion) in crypto assets. The research paper authored by the Basel Committee’s secretariat Renzo...

What is the economic impact of cryptocurrencies?

1.10.2022
Cryptocurrencies spur financial inclusion, protect against inflation and enhance the global economy despite the recession

Bank Buys Bitcoin in Kazakhstan, Country to Develop Crypto Exchange

30.9.2022
A financial institution and a coin trading platform in Kazakhstan have teamed up to carry out what they say is the country’s first such joint transaction for the acquisition of cryptocurrency. Meanwhile, Kazakhstan’s leadership has declared readiness to further develop crypto exchange...

Banks’ Crypto Asset Holdings May Be Just 0.01% of Total Risk Exposure, Basel Study Finds

30.9.2022
The first survey of its kind may influence crucial global standards on bank capital for crypto

Central banks can push DeFi into mainstream: Swiss National Bank official

30.9.2022
A combination of centralization and decentralization is a perfect mix for the development of crypto and DeFi, according to a Swiss National Bank official

Billionaire Stan Druckenmiller Discusses Cryptocurrency Having ‘Big Role in a Renaissance’ — ‘People Aren’t Going to Trust Central Banks’

30.9.2022
Renowned billionaire hedge fund manager Stanley Druckenmiller says he could see cryptocurrency “having a big role in a Renaissance because people just aren’t going to trust the central banks.” He added that he will be “stunned” if the U.S. isn’t in...

China, Hong Kong, Thailand, and UAE Trial Cross-Border Transactions With Digital Currencies

29.9.2022
The monetary authorities of four jurisdictions in Asia have carried out tests with international settlements using state-issued digital currencies. Cross-border payments and foreign exchange transactions totaling over $22 million were made as part of the pilot project with the participation of...

Crypto startup to save iconic fiat money sculpture with 1M euros funding

29.9.2022
Crypto industry is coming to save the troubled Euro monument in Frankfurt after traditional banks refused to support the symbol of Eurozone decision-making

Israel, Norway and Sweden's central banks partner with BIS to explore CBDC

28.9.2022
The Project Icebreaker initiative aimed to improve cross-border payments by reducing costs and increasing speed and transparency, with a final report expected in Q1 2023

Thai SEC Comes After Bitkub Exchange, OpenSea Rewards Whitehats, BIS Working With (at Least) 7 Central Banks on CBDC Projects + More News

28.9.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Thai SEC Comes After Bitkub Exchange, OpenSea Rewards Whitehats, BIS Working With (at Least) 7 Central Banks on CBDC...

Central Banks of Israel, Norway and Sweden Team Up to Explore Retail CBDC

28.9.2022
Results of the project, run by the Bank for International Settlements, are expected in the first quarter of 2023

Vietnam’s crypto adoption: Factors driving growth in Southeast Asia

27.9.2022
Vietnam has the highest crypto adoption rate in the world. There are numerous factors driving the trend

TD Securities Analyst Says Gold Sell-off May Not Be Over — Carry and Opportunity Cost Could ‘Drive Capital Away’

26.9.2022
Precious metals markets continue to flounder this week as gold’s value per troy ounce has slid by 6.53% in value against the U.S. dollar during the last month, while silver has shed 2.34% in 30 days. Amid the raging inflation worldwide and the hawkish central banks, gold and silver prices...

Institutional crypto custody: How banks are housing digital assets

26.9.2022
Large financial institutions are getting involved in digital assets by investing capital, time and effort into custody technology solutions

Erdogan Suggests Turkish-Russian Payment System, Local Media Reports

24.9.2022
Turkish President Recep Tayyip Erdogan is reportedly pushing for Turkey and Russia to establish a new payment system between them. The initiative comes amid U.S. pressure against the use of the Russian Mir cards in Turkey. Some Turkish banks have been working with them to facilitate payments...