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RBI Confirms Crypto Not Banned in India
21.1.2020
The Reserve Bank of India (RBI) has confirmed that cryptocurrency is not banned in India. During the latest supreme court hearing of the crypto case, the central bank’s reply to the Internet and Mobile Association of India was read out in detail. The RBI clarified that it only fenced in...
Six Major Central Banks to Collaborate on Digital Currency Research
21.1.2020
The central banks of Canada, the United Kingdom, Japan, European Union, Sweden and Switzerland and the Bank for International Settlements created a CBDC research group
Australian Financial Regulator Could Oversee Facebook’s Calibra Wallet
21.1.2020
The Australian Prudential Regulation Authority proposed a fintech regulatory framework that would have it oversee Libra’s corresponding Calibra wallet
Gamble With Crypto at Bestecasinobonussen.nl
20.1.2020
The advancements in the IT industry allowed for banking methods like Bitcoin to thrive in the online casino market, offering online casino goers the possibility to make their deposits in the most convenient way without the risk of exposing any of their financial information to unwanted third...
Crypto vs RBI: 3 Days of Intense Supreme Court Hearings
18.1.2020
India’s supreme court heard the crypto case in detail over three consecutive days this week. In addition to intense arguments against the central bank having the power to ban crypto, the judges learned how other countries regulate this new sector, the amended EU directive, the FATF guidance...
Indian Supreme Court Hears In-Depth Arguments Against RBI Ban
15.1.2020
India’s supreme court spent all day hearing arguments against the crypto banking ban by the Reserve Bank of India (RBI) on Wednesday. The counsel for the Internet and Mobile Association of India presented extensive arguments to convince the court that the central bank acted outside...
Uphold Opens Crypto Trading to Users With UK Bank Accounts
15.1.2020
Trading platform Uphold has added pound sterling support, in beta for now
SEC Requests Telegram Banking Data as New Evidence Emerges
13.1.2020
The SEC once again requests Telegram’s banking records while submitting new evidence for the case
Ex-Google Pay Execs Manages to Raise $13.2M For a Neo-Banking Platform
13.1.2020
Sujith Narayanan and Sumit Gwalani, the two co-founders of leading payment settlement app Google Pay in India have announced that their startup epiFi has secured a massive amount of $13.2 million through the Seed financial round. The two prominent executives of the Google Pay India team are gearing...
Bitfinex ‘Copycat’ Lawsuit Withdrawn and Then Refiled in New District
12.1.2020
Ifinex Inc, parent firm of Bitfinex, finds its ongoing legal troubles further complicated as a November lawsuit has been withdrawn by the plaintiff and refiled in a new district. The company, whose close affiliations with both the Bitfinex crypto exchange and stablecoin Tether have continually...
Low Interest Rates Provide Precarious Protection Against Crisis, World Bank Warns
10.1.2020
The latest global debt wave is the largest in the past five decades, the World Bank has acknowledged in a new report. The international institution notes that previous waves of broad-based debt accumulation lead to widespread financial crises. Historically low interest rates this time might not...
MakerDAO Pitches DeFi to the Masses at CES 2020
9.1.2020
There's a "digital money" section on the show floor of this year's CES. MakerDAO's DAI is the only crypto with a booth
Australians Won’t Use Libra, Believes Central Bank
9.1.2020
Reserve Bank of Australia officials are not yet convinced cryptocurrencies offer benefits over and above traditional means of payment
Crypto Brokerage Bitcoin Suisse Hopes Banking License Will Boost its IPO Bid
9.1.2020
Swiss crypto financial services provider Bitcoin Suisse is planning to acquire a banking license in 2020 as part of its plans to build momentum for an initial public offering (IPO).
The Zug-based company put in its license application in July last year, and is hoping to be given the regulatory...
Why the Counter Economy Is Necessary to Bitcoin’s Survival as a Disruptive Currency
9.1.2020
As Bitcoin is adopted by more and more traditional financial institutions, and becomes regulated by governments worldwide, the question of its survival as a truly disruptive alternative to legacy financial systems is raised. After all, if governments like Qatar’s can ban it, and international...
Federal Reserve Considers Creating a Separate Entity for Cash Injections
8.1.2020
While American President Donald Trump wages war with Iran, the U.S. Federal Reserve has continued to inject fresh capital into the hands of private banks by giving them $100 billion in overnight and 14-day repos on Tuesday. The same day, Rabobank strategist Philip Marey predicted the central bank...
Bank Closures and Withdrawal Restrictions Anger Lebanese Citizens
8.1.2020
Lebanese citizens have been dealing with economic hardship, as the country’s central bank imposed customer withdrawal limits last October. The problems have continued over the last two months, as ATMs have stopped dispensing cash and bank branches close doors in fear of angry clients....
Huobi Heats up Competition in Japan With a New Banking Deal
7.1.2020
Source: iStock/Sean_Kuma
Cryptocurrency exchange Huobi Japan has struck a partnership with Japan Net Bank, an online bank.
The deal, per a press release, will allow Huobi Japan customers to make fast yen deposits with a processing time of around 20 minutes at both Japan Net Bank itself, as well...
Rivals Signature Bank and Prime Trust Team up to Offer Instant Payments for Institutions
6.1.2020
Crypto banking rivals Prime Trust and Signature Bank have partnered to offer "real-time" settlements for institutional digital asset trades
Stablecoins Are Crypto’s Version of Fractional Reserve Banking
6.1.2020
Stablecoins provide much sought after stability in the volatile crypto markets. They are sometimes even said to affect the price of bitcoin in drastic fashion. Tether (USDT) in particular continues to be widely scrutinized for this, with recent lawsuits about conflicts of interest and price...