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Nebraska senator introduces bills to allow state banks to custody crypto
21.1.2021
“We need to be a leader in FinTech,” said State Senator Mike Flood
Economist Slams ECB Chief Lagarde’s Bitcoin Remarks as Dangerous for Cryptocurrency Regulation
20.1.2021
Responding to European Central Bank (ECB) President Christine Lagarde’s recent remarks about bitcoin, the chief economist at investment firm Tressis said what Lagarde implied was “outrageous” and “dangerous” for cryptocurrency regulation. Economist Says Governments...
Australian Bitcoin Trader Sues Banks for Systematic Discrimination
19.1.2021
An Australian bitcoin trader has filed a lawsuit against two of the country’s biggest commercial banks, accusing them of systematic discrimination when they closed his accounts on short notice. Allan Flynn is demanding compensation of AU$250,000 ($193,000) from ANZ and Westpac banks...
New SEC Chair, Confiscated Bitcoin Miners, Trader vs. Banks + More News
18.1.2021
Gary Gensler. Source: a video screenshot, Youtube/Bloomberg Markets and Finance
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Regulation news
Former Commodity Futures Trading Commission...
Aussie Bitcoin exchange owner accuses banks of discrimination
18.1.2021
An Australian Bitcoin exchange operator has taken legal action against two commercial banks in the country, accusing them of discriminatory practices
Australian Bitcoin Trader Takes Banks to Tribunal After Sudden Account Closures
18.1.2021
The trader had operated a registered digital currency exchange, but said he was unable to continue operating without banking services
Demand for Crypto Soars: Bitcoin Funds Break Records, Goldman Sachs Wants In
18.1.2021
Investors are increasingly seeking exposure to bitcoin following the recent months-long price rally. Bitcoin exchange-traded products are seeing record trading volumes. Meanwhile, more big banks are reportedly trying to get into the crypto space, including Goldman Sachs. High Demand for Bitcoin...
IMF Says Only 23% of Central Banks Can Legally Issue Digital Currencies
17.1.2021
Researchers at the International Monetary Fund (IMF) have examined the central bank laws of 174 IMF members to answer the question of whether a digital currency is really money. They found that of all the central banks studied, only about 23%, or 40 central banks, “are legally allowed...
Money Reimagined: Bitcoin’s Warning for Central Banks
15.1.2021
Bitcoin's rising price reflects declining faith in the existing financial system. Will central bankers like Christine Lagarde take notice?
Bitcoin in Race for Adoption Before Central Banks Launch Digital Currencies: Australia’s Macquarie
13.1.2021
With a runway of a year or more before the Federal Reserve and other major central banks can launch digital currencies, bitcoin and other private cryptocurrencies could gain a foothold in electronic commerce
An online future for finance is inevitable, says OCC's Brooks
13.1.2021
Brooks considers the migration of the financial system onto the internet "inevitable."
Digital ruble could be still vulnerable to fraud, Russian banks warn
13.1.2021
The Association of Russian Banks is worried about regulators being unable to track illicit transactions of an offline-enabled digital ruble
State-Backed Agricultural Bank of China Launches the First Digital Yuan ATMs
12.1.2021
The Agricultural Bank of China (ABC), one of China’s “big four” banks, is embarking on a pilot program to enable the first digital yuan ATMs. The banking institution deployed the first machines in selected branches in Shenzhen. ATMs Will Work With a Smartphone App According to...
How the OCC Is Building Crypto America (and Saving Banks From Extinction)
12.1.2021
Three interpretative letters from the Office of the Comptroller of the Currency lay the groundwork for banks to become crypto custodians, payment companies and miners in blockchain networks
OCC's Brian Brooks thinks that DeFi can root out bias and fraud in traditional banking
12.1.2021
Brooks is optimistic that regulators will find it easier to work with algorithms than with bankers
Bitcoin price climbs 20% overnight as US banks brace for 40% profit cut
12.1.2021
Bitcoin made a swift 20% recovery from the weekend’s bloodbath, while American banks prepare to post major losses in their upcoming quarterly reports
South Korean Banks ‘Play to Their Strengths’ with Bitcoin Custody Moves
12.1.2021
South Korean commercial banks are now in “fierce competition” with each other in the race to launch bitcoin (BTC) and other cryptoassets custody products that they believe will prove a lucrative market for them, per a new report.
According to media outlet Newsis, industry sources claim that...
Korea’s Shinhan Bank makes strategic investment in crypto custody consortium
11.1.2021
South Korea’s Shinhan Bank has invested in a crypto custody service backed by local crypto exchange Korbit
Russian Banks Given Power to Freeze or Block Crypto-linked Accounts
11.1.2021
New Russian banking regulations will allow financial institutions to freeze or block the bank accounts of individuals or companies they think are associated with crypto activities.
The rule change have been imposed by the nation’s Central Bank, which has outlined changes it will make to...
Morgan Stanley Massively Increases Bitcoin Exposure Through Microstrategy
9.1.2021
Global investment bank Morgan Stanley has increased its bitcoin exposure manyfold by investing in Microstrategy, the Nasdaq-listed company which currently holds about 70,470 bitcoins. Morgan Stanley now has a 10.9% stake in Microstrategy. ‘Even Banks Want Bitcoin’ Global financial...