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Central Banks Step Up Bitcoin, Stablecoin Bashing Efforts Amid CBDC Plans
23.6.2021
The Bank for International Settlements keeps bashing cryptocurrencies, such as bitcoin (BTC), and stablecoins, while preparing the ground for central bank digital currencies (CBDC), saying that they "open a new chapter for the monetary system."
Central bank interest in CBDCs comes at...
PBOC Instructs China’s Banks to Forbid All Cryptocurrency Related Activities Immediately
21.6.2021
China’s central bank has sent notice to the country’s financial institutions instructing them to stop dealing with cryptocurrency transactions. The disclosure notes that the People’s Bank of China (PBOC) aims to protect Chinese citizens and “combat the speculation of Bitcoin...
Banks fall in line as China’s central bank cracks down on crypto accounts
21.6.2021
AgBank — the world's third-largest bank by assets — has indicated it will follow the PBoC's cue and work to stamp out its clients' crypto-related activities
Signature Bank’s Blockchain Payment Platform to Accept Trueusd Stablecoin
21.6.2021
As Signature Bank expands its commercial banking offerings, the trueusd stablecoin has been integrated with its Signet blockchain-based digital payment platform to deliver instant dollar payments. Signet Integration to Deliver 24/7 Dollar Payment and Settlement As more enterprises flirt with...
4 reasons why Paul Tudor Jones' 5% Bitcoin exposure advice is difficult for major funds
20.6.2021
Major funds are probably interested in Bitcoin and altcoins, but four significant hurdles are preventing them from investing
Over 3,000 ATMs in Beijing Offer Digital Yuan Withdrawals
18.6.2021
Leading Chinese banks have introduced digital yuan withdrawals at more than 3,000 ATM locations in Beijing. Residents of the capital city will now be able to exchange their e-CNY funds for cash and vice versa. Some of the teller machines are located in a popular shopping area. Banks Launch Support...
Denmark’s largest bank cautious on crypto, but won't interfere
18.6.2021
Danske Bank isn't completely sold on cryptocurrency but said it won't stop its customers from using its services in connection with crypto platforms
PayPal, Salesforce contribute to TRM Labs’ $14M investment round
17.6.2021
The venture funds of both companies joined Bessemer and others in financing another strategic investment round for TRM Labs
Korean Exchanges Delist High-risk Coins as They Face Tough Regulations
17.6.2021
Crypto trading platforms in South Korea are delisting certain digital currencies as they move to comply with stricter rules for the industry. The trading of some high-risk coins has been either halted or completely suspended on several Korean exchanges this week. South Korean Exchanges Wipe Trading...
Digital euro could drain 8% of bank deposits, Morgan Stanley says
16.6.2021
Banks in smaller countries like Latvia, Estonia and Greece could be impacted harder by the digital euro, analysts said
Russian central bank ‘short-sighted’ regarding crypto, lawmaker says
15.6.2021
A long-time member of the Russian State Duma has criticized the central bank's approach to digital assets
Goldman Sachs’ crypto trading desk expands to Ether
14.6.2021
After being critical of cryptocurrencies, the Wall Street investment bank officially embraced Bitcoin earlier this year. It’s now expanding its offerings to include Ether
Korean banks will need to classify crypto exchange clients as ‘high risk’
14.6.2021
A further tightening of cryptocurrency regulation in South Korea is underway, with new rules for banks and crypto exchange operators
Cuba’s Central Bank Suspends US Dollar Deposits Nationwide – Officials Cite Embargo ‘Obstacles’
13.6.2021
The Republic of Cuba is suspending the use of U.S. dollars due to embargo restrictions with U.S. and foreign banks. The central bank of Cuba’s restrictions stems from the “obstacles that the U.S. embargo creates for the national bank system.” Cuba Bans USD Deposits, BCC Tells...
Basel Committee Proposes Differentiating Regulation of Crypto Assets Based on Risks to Banks
12.6.2021
The Basel Committee on Banking Supervision has proposed dividing crypto assets into two groups and regulating them based on their market, liquidity, credit, and operational risks to banks. Cryptocurrencies, such as bitcoin, will be subject to “a new conservative prudential treatment.”...
Texas Announces State-Chartered Banks Can Provide Cryptocurrency Custody Services
12.6.2021
The Texas Department of Banking has announced that state-chartered banks can provide cryptocurrency custody services. “The Texas Department of Banking believes that the authority to provide these services with respect to virtual currencies already exists,” the banking authority said....
Swiss, French Central Banks to Trial Wholesale CBDC Settlements With BIS and Private Sector
11.6.2021
The central banks of Switzerland and France are joining hands with the Bank for International Settlements to test wholesale central bank digital currencies in cross-border transactions. The experiment will be conducted with the help of a private sector consortium led by Accenture. European Central...
Texas regulator allows state-chartered banks to hold Bitcoin
11.6.2021
The Texas House of Representatives passed a bill to recognize cryptocurrencies under commercial law last month
Korean Exchanges Running out of Options as More Banks Say No to Crypto
11.6.2021
The heat is on for South Korean exchanges, who have suffered a blow in their quest to gain banking contracts that will ultimately determine if they can keep operating after a slew of government regulations to police trading platforms comes into force on September 25.
After the country’s first piece...
Basel Committee Offers More Clarity To Banks Seeking Crypto Exposure
10.6.2021
In a move that could lead to new requirements being imposed on banks that deal with cryptoassets, the Basel Committee on Banking Supervision (BCBS) has issued a proposal to limit such banks’ crypto exposure by applying new credit and market risk requirements.
“Cryptoassets have given rise to...