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Paxos seeks approval to become fully-regulated crypto bank
10.12.2020
The stablecoin issuer and PayPal partner wants to increase its range and scope of services by becoming the first crypto services provider to be regulated at both state and federal levels
Mass Adoption of a Digital Euro Could Be a ‘Clear Negative’ for Europe’s Banks: BofA
9.12.2020
A Bank of America report on a possible mass-adopted digital euro noted that such movement could spell difficulty for commercial banks that could see some of their deposits migrate to the European Central Bank
Today's clients demand that banks show cybersecurity chops, says JPMorgan leader
9.12.2020
New technology also means new responsibilities. Security is key in the digital age
One of the World’s Oldest Banks Is Issuing a Euro Stablecoin on Stellar
9.12.2020
Germany’s Bankhaus von der Heydt is working with Bitbond for the first direct issuance of a stablecoin by a bank on Stellar, the firms said
Give Commercial Banks More Power over Digital Ruble – Industry Leader
9.12.2020
Commercial banks should be the gatekeepers of the digital ruble: This was the message from a Russian crypto and blockchain industry group chief – as the nation’s Central Bank gears up to launch a pilot for its forthcoming digital currency.
Russia is just one of the many nations now engaged in...
JPMorgan exec: Softer stance on Bitcoin but we've always been pro-blockchain
8.12.2020
Banking executive says JPMorgan has been active in blockchain for a while
SIX Stock Exchange Joins Venture Opening Up Digital Assets to Swiss Banks
7.12.2020
SIX will join Swisscom and Sygnum in a new venture aimed to enable Swiss banks to offer digital assets to their customers
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