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Digital ruble will undercut bank profits but help businesses: Bank of Russia
7.12.2020
Russia's central bank wants the digital ruble to help businesses by cutting out financial middlemen
Swiss Banks About To Get A New Crypto Gateway For Their Clients
7.12.2020
The Swiss Stock Exchange (SIX) and its partners aim to launch a new service that would enable Swiss banks to offer access to digital assets for their customers in the first quarter of 2021.
The Institutional Digital Asset Gateway, which is still subject to the appropriate regulatory approvals,...
Testnet of Facebook’s Much Vaunted Stablecoin Only Executes 6 Transactions per Second
5.12.2020
The Facebook fronted stablecoin, Diem (formerly Libra)’s dismal testnet results undercut the assertion that the digital currency is a threat to global financial stability. This is the conclusion that can be deduced from a Diem blockchain explorer update which shows the network only processes...
Jack Ma’s Ant Group, Three Other Digital Banks Get OK to Operate in Singapore
4.12.2020
The approved digital banks will be able to start operating from Singapore in early 2022
Cryptocurrencies Prove Central Bank Models Are Obsolete, Says Professor
4.12.2020
A Spanish professor and economist stated that cryptocurrencies have brought out the “obsolescence” of central banks, although their capitalization is still “very insignificant.” Crypto Is Not Only About the ‘Speculative Noise’ Pablo Agnese, an economics professor...
Banks Should Pay Interest on CBDCs to Reduce Tax Avoidance – Report
4.12.2020
Too much stick and not enough carrot might be the wrong approach for those wishing to impose taxes on digital currencies: This was the surprising conclusion of a new report commissioned by the South Korean central bank, the Bank of Korea (BOK).
Per EDaily, the report was co-authored by Jaevin Park...
OCC works to win back House Democrats, still miffed at leader's focus on crypto
3.12.2020
Acting Comptroller Brian Brooks continues his work to reach across the aisle with pledges from major players to support minority-owned banks
Private German Bank to Launch Cryptocurrency Fund
3.12.2020
Hauck & Aufhauser is launching a cryptocurrency fund in January 2021
Canada could launch CBDC sooner than expected, central bank exec says
3.12.2020
COVID-19 could force the Bank of Canada to launch a CBDC sooner than previously expected
Bitcoin is the ‘ultimate anti-lockdown investment,’ says Nigel Farage
3.12.2020
The Financial Times scorns Nigel Farage for his apparently predictable embrace of libertarian cryptocurrency influencers
Crypto Proves Central Banks Are Obsolete, Says UIC Barcelona Professor
2.12.2020
A Spanish economics professor said that the popularity of crypto proves that central banks have become “obsolete” in the modern world.
The comments were made by professor Pablo Agnese, a tenured lecturer in the Department of Economy and Business Organization at the Universitat Internacional...
Russian central bank opposes ruble-pegged stablecoins
2.12.2020
Russia wants to follow China’s approach of banning private stablecoins pegged to its national fiat currency
Banks Need to Adopt Crypto, Now
1.12.2020
Resistance is futile and the time for doing nothing with crypto was two years ago, not today, says our columnist
Russia’s Alfa-Bank offers blockchain platform for freelancers
1.12.2020
Tutors, taxi drivers and repairmen will be able to take advantage of Alfa-Bank's blockchain-based services
Russia's Sberbank plans release of its own crypto token, the 'Sbercoin'
30.11.2020
With new legislation on digital assets coming into effect in a month, Russian financial institutions are looking to act
Bilateral Saudi, UAE Digital Currency Experiment Shows Benefits of Distributed Ledgers, Central Banks Say
29.11.2020
A joint Saudi and UAE CBDC pilot found that a distributed payment system offers “significant improvement over centralized payment systems.”
UAE, Saudi Arabian central banks release report on Project Aber CBDC trial
29.11.2020
The joint report is among the most promising CBDC studies conducted by central bank authorities
Yield farming is a fad, but DeFi promises to change the way we interact with money
29.11.2020
The sector has a long way to go in terms of accessibility if DeFi really wants to challenge traditional financial institutions
Big banks think new furniture is innovation, but they are wrong
28.11.2020
True innovations are a serious problem for traditional financial institutions, but fintech and crypto startups have the solution
XRP Price Climbed 123% in 30 Days, Spark Token Airdrop Pushes Value Higher
24.11.2020
During the course of the week digital currency markets have seen colossal gains and one crypto asset, in particular, XRP, has jumped significantly in value over the last seven days. The distributed ledger token XRP climbed 25% upwards on Tuesday alone, and seven-day price stats show the coin...