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Binance to Lose Euro Transfers as Paysafe Drops Support


Paysafe will discontinue support for bank transfers of euros to and from Binance, the payments provider announced. The news comes when the world’s largest cryptocurrency exchange finds itself under pressure from regulators and banking partners in Europe and elsewhere. Paysafe to Stop Euro Deposits...

Bank of England's CBDC 'Britcoin' May Not Rely on Blockchain


The Bank of England is still mulling over which technology will underpin its Central Bank-Backed Digital Currency (CBDC).  All other central banks are using Blockchain technology to issue their national digital currencies. However, the Bank of England has not decided on it yet.  The head of...

Swiss Central Bank to Launch Wholesale CBDC Soon Says Chairman Thomas Jordan


The Swiss National Bank (SNB) said it plans to issue a wholesale central bank digital currency as a pilot via SIX Digital Exchange, a subsidiary of SIX, an operator of infrastructure for the Swiss and Spanish financial centers. SNB chairman Thomas Jordan said while the Central Bank has not ruled...

Shanghai Clearing House Introduces Support for Digital Yuan Settlements


The Shanghai Clearing House, Asia’s first counterparty clearing institution, announced support for payments made with the digital yuan Monday. According to reports, the move will allow companies to settle transactions for commodities in bulk, promoting the digital yuan, the Chinese central...

Swiss Central Bank to Launch Real-World CBDC Pilot


The chairman of Swiss Central Bank,Thomas Jordan, has announced that the central bank is launching a wholesale CBDC on Switzerland's SIX digital exchange as part of a pilot.  In a conference at Zurich on Monday, the Swiss central bank chair said that the project would begin soon, Reuters...

HSBC becomes first Hong Kong bank to allow crypto ETFs


Bitcoin and Ether-oriented exchange-traded funds (ETFs) have been made accessible to all HSBC customers. As per a journalist, Colin Wu, this is a step toward popularizing the acceptance and use of digital assets. Incidentally, the ETFs have been duly registered with the Hong Kong Exchange (HKEX)....

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