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Senate Banking Committee Remains Open to Idea of Digital Dollar in Tuesday’s Hearing

1.7.2020
While not every lawmaker was on board with the idea of a central bank digital currency during a Senate Banking Committee hearing Tuesday, no one explicitly rejected it either

BIS Plans New Central Banking Fintech Research Hubs in Europe, North America

30.6.2020
The Bank for International Settlements is expanding its “Innovation Hub” with a handful of new locations in Canada and Europe

Witnesses Will Vouch for Stablecoins, Digital Dollars in US Senate Hearing Tuesday

30.6.2020
Witnesses will discuss stablecoins and tokenized dollars during Tuesday's Senate Banking hearing on the digitization of money

CBDC Issuance Is ‘Not a Reaction’ to Libra, Says Central Bank Body

25.6.2020
The Bank for International Settlements appeared to contradict its own prior statements in a new digital payments report

In Banking First, ING Develops FATF-Friendly Protocol for Tracking Crypto Transfers

23.6.2020
ING Bank, Standard Chartered and others have developed a protocol to handle a new rule for crypto exchanges and firms dealing in digital assets

Italian Banking Association Ready to Accept Digital Euro

23.6.2020
The Italian Banking Association announced it would be ready to start work on a European central bank digital currency

Italian Banking Association Gives Digital Euro the Green Light

22.6.2020
The Executive Committee of the Italian Banking Association (ABI) has approved ten criteria for a Central Bank Digital Currency (CBDC), bringing Italy a step closer to agreeing in principle to the possible launch of digital euro. Associazione Bancaria Italiana is the trade association of Italian...

Open Banking & Banking Digital Transformation Congress Will Be Held in August in Shanghai

19.6.2020
Open Banking & Banking Digital Transformation Congress 2020 will be held on September 24-25, in Shanghai, with a focus on digital transformation and open ecosystem construction of large state-owned banks, joint-stock banks, urban commercial banks, and foreign bank, etc. The congress will mainly...

Binance Joins Indian Tech Association That Helped Overturn Crypto Banking Ban

18.6.2020
Binance and the Internet and Mobile Association of India (IAMAI) say they'll work to implement industry best practices in the Indian crypto market

Fed Chair Powell Warns of ‘Unsustainable’ Budget as US National Debt Crosses $26 Trillion

17.6.2020
In his testimony before the Senate banking committee, Federal Reserve Chairman Jerome Powell warned Congress that the U.S. federal budget has been on an unsustainable path for years. He added that the U.S. economy is facing a deep downturn with “significant uncertainty.”...

Spanish Crypto Users Report Banking ‘Freezes’ After Using Exchanges

17.6.2020
Banks in Spain are reportedly closing accounts they suspect belong to cryptocurrency traders, particularly users of the LocalBitcoins peer-to-peer exchange – and may have been doing so “since November last year.” Per a report from media outlet Criptonoticias, an experienced crypto trader who asked...

Chinese Tech Group Behind TikTok Looks to Enter Finance

16.6.2020
Chinese multinational tech group ByteDance is seeking a virtual banking license in Singapore as a means of entering digital finance

Crypto-related Banking Freezes in Brazil, China + More News

15.6.2020
Source: Adobe/kirill_makarov Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Banking news A major Brazilian bank has closed the accounts of at least five companies that deal with...

Bitcoin-Friendly Top US Banking Regulator Aims to Solve Banks’ Problems With Decentralization

14.6.2020
The new top banking regulator for the Trump administration sees “huge and great promise” in cryptocurrency. Focusing on decentralized networks, bitcoin, and rewriting existing regulations, he shares his views on cryptocurrency and the creation of the digital dollar. Top US Banking...

This Liechtenstein Bank Can Now Custody Crypto

12.6.2020
Mason Privatbank Liechtenstein is aiming to cater to both crypto-focused investors and asset managers who are looking to diversify their portfolios

Indian Government Reconsiders Banning Cryptocurrency: Report

12.6.2020
The Indian government is reportedly reconsidering a plan to ban cryptocurrency and the finance ministry has initiated related inter-ministerial consultations. The move is supposedly spurred by the supreme court quashing the banking ban imposed by the central bank, the Reserve Bank of India (RBI)....