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Australian Central Bank, Commonwealth, National Australia Bank Partner on CBDC Research Project
2.11.2020
The partnership will explore the possible use and implications of a wholesale form of central bank digital currency using distributed ledger technology
Australian Central Bank, Commonwealth, National Australia Bank Partner on CBDC Research Project
2.11.2020
The partnership will explore the possible use and implications of a wholesale form of central bank digital currency using distributed ledger technology
Crypto Startup Avanti Receives License To Operate as National Bank in Wyoming
30.10.2020
Crypto startup Avanti Financial Group has been granted a license to offer banking services by the Wyoming State Banking Board. The license, or bank charter, means Avanti can now operate as a conventional bank – but one with a twist, capable of holding both crypto and dollars. It plans...
MoAfrika – Africa’s Biggest Online Tour Operator now Accepts Bitcoin
30.10.2020
PRESS RELEASE. With relaxed restrictions on lockdown measures in numerous countries around the world, Africa has opened her doors to tourists on both national and international levels yet again – albeit with strict health regulations to ensure the safety of all personnel and visitors....
Loan refinancer and BitLiscensee SoFi is clear to launch a national bank in the US
28.10.2020
The new bank will be subject to heightened scrutiny from the OCC for at least three years
Online Lender SoFi’s Application to Create a National Bank Conditionally Approved by US
28.10.2020
The approval, if made final, opens the door for the new bank to custody cryptocurrencies
Beowulf Partners with Vietnam National Start Up Initiative
26.10.2020
Blockchain-based decentralized cloud computing and communications network, Beowulf Blockchain announced on Sunday that it has partnered with Vietnam National Start-Up Initiative. The initiative is governed by the Ministry of Science and Technology, and the collaboration is aimed to empower...
US Government Agencies Propose Changes to Funds Transfer Rules-Seek to Broaden Definition of Money to Include Cryptocurrencies
25.10.2020
The U.S. Federal Reserve Board and Fincen are seeking feedback on their proposal to lower the threshold at which financial institutions must collect and retain information on funds transfers. In their joint notice on the rule change proposal, the two U.S. agencies want a new threshold...
The NSC Labels Blockchain a National Security Issue
17.10.2020
On the weekly recap, NLW looks at growth in institutional investment, big interest among the G20 in CBDCs and a new National Security Council report
Trump’s Security Hawks Call Distributed Ledgers ‘Critical’ in US-China Tech Arms Race
15.10.2020
DLT is among 20 "critical and emerging" technologies in Trump's new strategy for preserving America's technological edge
Nigeria Is Developing Strategies for National Blockchain Adoption
15.10.2020
Nigerian authorities are developing a roadmap for the adoption of blockchain technology in public administration and payments on a national scale
Ripple CEO Threatens to Relocate Company Overseas Due to Unfavorable US Regulation
13.10.2020
Ripple chief executive officer Brad Garlinghouse has threatened to move the company’s headquarters overseas should the U.S. fail to level the playing field with an unambiguous regulatory framework. In a series of tweets on Oct.12, Garlinghouse said: “The lack of a single national...
Massive Protests Led to Suspension of SWIFT and Banking Activities in Kyrgyzstan
9.10.2020
Kyrgyzstan has suspended the SWIFT system and recommended that banking activities be halted until the severe political unrest in the country stabilizes. Massive protests broke out after parliamentary elections as the opposition stormed government buildings and forced the prime minister to resign....
Fed Chairman Claims ‘Now Is Not the Time’ to Worry About the Federal Budget
7.10.2020
According to the Federal Reserve Chairman, Jerome Powell, the road to economic recovery is far from over and the Covid-19 pandemic has fueled the tragedy. During his speech at the National Association for Business Economics annual meeting, Powell highlighted that the federal budget was essentially...
All Currencies Will Be Pegged to Bitcoin, Says ‘Price of Tomorrow’ Author Jeff Booth
3.10.2020
Entrepreneur and popular author Jeff Booth has predicted a grim future for fiat currencies, expecting them to fail as central banks keep printing money. Foreseeing an unavoidable, severe depression and banking failure, he believes bitcoin will become the world’s reserve currency and...
Venezuela To Start Using Cryptocurrency in Global Trade in Efforts To Fend off U.S. Sanctions
1.10.2020
Venezuela president Nicolas Maduro says the country is to start using cryptocurrency in both domestic and global trade, as part of efforts to neutralize crippling U.S. economic sanctions. Speaking in the country’s parliament on Sept. 29, Maduro revealed that the move will “give...
Australian government’s digital business plan includes $5M for blockchain
1.10.2020
Australia’s Prime Minister has announced the Federal Government’s biggest investment in blockchain to-date, with two pilots set to receive almost $5 million
SEC Seeks Trial of Swedish National Over Alleged Fraud That Took $3.5M in Crypto
30.9.2020
The man is alleged to have fleeced 2,200 victims in the U.S. and 45 other countries, netting $3.5 million via payments in bitcoin and other digital assets
Digital Commodity Exchange Act of 2020: US Lawmakers Propose Single National Crypto Framework
25.9.2020
Lawmakers in the U.S. have introduced the Digital Commodity Exchange Act of 2020 to create a single, national regulatory framework for cryptocurrency trading platforms, including those that trade bitcoin, ether, their forks, and other cryptocurrencies. On the same day, the Securities Clarity...
A New Bill Proposes to Put US Crypto Exchanges Under a National Framework
24.9.2020
The Digital Commodity Exchange Act would bring crypto exchanges into a single federal framework, overseen by the Commodity Futures Trading Commission