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Bahamas' Sand Dollar nears commercial rollout as interoperability completed

29.3.2021
Following cybersecurity assessments, commercial institutions are being cleared to issue the world's first CBDC — the Bahamas' Sand Dollar

Boomers Next to Adopt Crypto, a Trillion Dollars Could Flow Into Bitcoin Over the Next Year, Says Novogratz

29.3.2021
Galaxy Digital CEO Mike Novogratz has predicted that as much as a trillion dollars could flow into bitcoin over the next year as wealthy baby boomers get into cryptocurrency. With the example of Morgan Stanley, he says that more banks will start offering bitcoin exposure to their customers....

Russian Anti-Money Laundering Body Will Monitor Crypto to Fiat Transactions, Says Official

28.3.2021
Herman Neglyad, the deputy of the Russian anti-money laundering body, Rosfinmonitoring, has said his organization will monitor cryptocurrency transactions that involve the conversion from crypto to fiat. Neglyad made this revelation during a recent meeting of the State Duma Committee on financial...

Chinese Citizens Can Now Apply for the Digital Yuan Wallet Through 6 State-Owned Banks

26.3.2021
Following the interview with Ma Changchun, the head of the People’s Bank of China-run Digital Currency Research Institute, a recent report indicates that residents from Beijing and Shanghai can now apply for a digital yuan wallet. According to the report, six different Chinese banks will...

Major South Korean Bank BNK Busan Plans to Offer Banking Services to Domestic Crypto Exchanges

26.3.2021
The South Korean crypto frenzy among the banking industry remains on fire, as another major bank is treading waters to offer banking services for crypto exchanges. The BNK Busan Bank launched a program that consists of visiting competitors’ banks that already offer it. BNK Busan Is Visting...

Microsoft President Says the World Is Best Served When Currencies Are Issued and Backed by Governments

25.3.2021
Microsoft President Brad Smith says that “The world is best served when currencies are issued, backed by and regulated by governments.” He further emphasized that he is not a fan of encouraging the private sector to issue digital currencies. Microsoft’s President Says Currency...

Central Banks Focus On Financial Inclusion As Cryptos Get Traction

25.3.2021
Central banks are seemingly looking to steal the show from decentralized cryptocurrencies as they are also aiming to increase financial inclusion by issuing central bank digital currencies (CBDCs). China "We still have a lot of remote areas, or poor areas, and in those areas people...

European Central Bank tries to quell Germans' doubts about digital euro

25.3.2021
A future digital euro wouldn't be a threat to savers, say officials from the European Central Bank

Banning Bitcoin is like rejecting the US dollar, entrepreneur warns India

25.3.2021
Rejecting crypto as a reserve currency will lead to an Indian currency devaluation of the worst kind, warns blockchain entrepreneur Raj Chowdry

Microsoft president says fintechs should leave currency to central banks

24.3.2021
Microsoft president Brad Smith is not keen on the idea of technology companies issuing private stablecoins

Crypto-collateralized loans may soon bring new investors to space

23.3.2021
"Traditional lending services generally do not exist in the digital currency industry, which means there aren’t many lenders for investors to choose from,” said Jon Melton

Report: JP Morgan Boss ‘Not Happy’ as Capital Positions Exemption for Big Banks Ends

23.3.2021
On March 19, 2021, the U.S. Federal Reserve Board published a press release that detailed the temporary supplementary leverage ratio easements will be expiring as scheduled. U.S. banks will no longer have the relaxed capital requirements they once held since the onset of the Covid-19 outbreak....

Deutsche Bank: Bitcoin Now 3rd Largest Currency, Too Important to Ignore

22.3.2021
Deutsche Bank has published a report stating that bitcoin is too important to ignore, noting that it is now the third-largest currency in terms of the total value in circulation. In addition, the bank says that governments and central banks know that cryptocurrencies are here to stay and...

Bitcoin is now ‘too important to ignore’, Deutsche Bank says

19.3.2021
Global banking giant Deutsche Bank expects governments to start regulating Bitcoin by the end of 2021

Stock Exchange SIX Aims to List Bitcoin on SDX, Crypto Trading Platform to Launch This Summer

18.3.2021
On March 17, a report detailed that the digital exchange being developed by Switzerland’s principal stock exchange SIX is preparing to launch by the summer of 2021. The exchange called SIX Digital Exchange (SDX) reportedly will also offer bitcoin, alongside the possibility of non-fungible...

Fireblocks crypto startup raises $133M in funding round with BNY Mellon

18.3.2021
BNY Mellon, the oldest bank in the United States, continues to aggressively invest in the digital asset industry

Morgan Stanley Making 3 Bitcoin Funds Available to Clients

18.3.2021
One of the largest U.S. investment banks, Morgan Stanley, will be offering its wealth management clients access to bitcoin funds. Goldman Sachs, JPMorgan Chase, and Bank of America’s wealth management divisions do not currently allow their advisors to offer direct investment in bitcoin funds....