Search

Nalezeno "TD Bank": 7807

Circle CEO Jeremy Allaire: ‘Other Governments Are Regulating Digital Dollars Before the US’

26.6.2023
Jeremy Allaire, CEO of Circle, the company behind the issuance of usd coin (USDC), has expressed his worries about the state of stablecoin regulation in the U.S. In a congressional hearing, Allaire stated that other governments were already regulating the issuance of digital dollars (dollar-backed...

Economist Jim Rickards Warns of a CBDC-Supported Social Credit System in the US: ‘It Can Happen Here’

26.6.2023
Jim Rickards, an economist and investment banker, has warned about the establishment of a social credit system powered by the issuance of a central bank digital currency (CBDC). According to Rickards, this combination could be used to restrict the civil liberties of Americans by limiting their...

Latam Insights — IMF States Latam’s CBDC Interest Rises, Lula Emphasizes Bretton Woods Institutions ‘No Longer Function’

26.6.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, the International Monetary Fund (IMF) reports interest in central bank digital currencies (CBDC) in Latam and the Caribbean is picking up, Lula criticizes...

San Francisco Fed President Deems 2 Rate Hikes in 2023 ‘Reasonable,’ Urges Caution in Monetary Policy

26.6.2023
Mary Daly, the president of the San Francisco Federal Reserve Bank, expressed her views this week, stating that she believes two additional rate hikes this year would be appropriate. However, she maintains a neutral stance regarding the forthcoming July Federal Open Market Committee (FOMC) meeting...

Turkish Lira Plunges to Record Low a Day After Central Bank’s Interest Rate Policy U-Turn

25.6.2023
The Turkish lira fell to 25.74 per dollar just under a day after the central bank hiked interest rates for the first time since 2021. Although the rate hike decision was widely anticipated, the increase still fell short of the 21% that some analysts had predicted. Turkish Lira Down 21% Since...

Study Shows Bank of England’s Rising Interest Rates Threaten 1.2 Million UK Households With Insolvency

25.6.2023
The Bank of England made an impactful move last Thursday, June 22, 2023, as it raised the benchmark bank rate to 5%, marking a significant 0.5 percentage point increase. This decision catapults the central bank’s rate to its highest level since 2008 and represents the most substantial surge...

Banking Giants Crédit Agricole, Santander Seek to Provide Crypto Custody Under French Registration

25.6.2023
A subsidiary co-owned by Crédit Agricole and Santander has registered as a digital asset service provider in France. The registration of Caceis, a company that specializes in offering financial services to institutional investors, allows the two major European banks to tap into the crypto market....

Venezuela to Integrate Russian Mir Payments System in De-Dollarization Push

24.6.2023
The government of Venezuela has announced that it is currently working to integrate Mir, a Russian electronic card and transfer payments system. President Nicolas Maduro backed this integration, stating that this move is part of a de-dollarization push. More than 40,000 payment terminals are being...

Tanzanian Central Bank Says Quoting Prices in Foreign Currency Against the Law

24.6.2023
The Bank of Tanzania (BOT) has reiterated that shillings remain the East African country’s sole legal tender. The apex bank said residents quoting prices in foreign currency or those refusing payment in Tanzanian shillings are in violation of the Bank of Tanzania Act 2006. The central bank...

ECB official labels crypto as 'deleterious' with 'no societal benefits' in scathing speech

23.6.2023
According to Fabio Panetta, the volatility of crypto and aspects of blockchain technology made digital assets only suitable for gambling

Wirex may suffer card outage in EEA due to UAB PayrNet licensing issue

23.6.2023
Wirex cards may stop working in the European Economic Area but funds held in the account are safe, the company said

Brazilian Central Bank Adds Crypto Exchange Mercado Bitcoin in CBDC Pilot Including Mastercard

23.6.2023
The approved consortium includes Mastercard, broker Genial, registrar Cerc and financial software fintech Sinqia as partners

Circle and Sequoia were among top depositors at Silicon Valley Bank: Report

23.6.2023
According to a Bloomberg report, other major depositors included Silicon Valley Bank, SVB Financial Group, biotechnology research company Altos Labs and China-based firm Kanzhun

Robert F. Kennedy Jr. Advocates for Bitcoin and Opposes CBDCs in Candid Interview

23.6.2023
U.S. presidential candidate Robert F. Kennedy Jr. spoke in an interview with the New York Post on June 22, 2023, and discussed a wide range of topics, including vaccines and bitcoin. Kennedy stated that if he becomes president, he will ensure that the U.S. maintains “policies that support...