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New Hire to Head Digital Currency Research at the US Fed
5.11.2019
The United States Federal Reserve is looking to employ a Manager, Retail Payments, part of whose responsibilities will be to oversee the research of digital currencies and distributed ledgers. The job ad has been published amid pressure from Capitol Hill to explore the possibilities of issuing...
Payments is the Main Battleground for Banks Amid Bitcoin Rise
5.11.2019
A new report by the central bank of central banks once again showed that cryptocurrencies are moving in the right direction, as people are increasingly looking for faster and more convenient payments options. However, decentralized cryptocurrencies, which are still working to solve their...
President Erdogan: Turkey to Finish Testing Digital Lira in 2020
5.11.2019
Turkey's President Recep Tayyip Erdogan directed that the government should start testing the national central bank digital currency in 2020
How Blockchain Disrupts Global Business | Sibos 2019
5.11.2019
Cointelegraph travelled to London to learn why businesses are now experimenting with blockchain technology
Joe Lubin: China Will Avoid Blockchain’s ‘Decentralizing Aspects’
5.11.2019
Ethereum co-founder and ConsenSys CEO Joe Lubin says he doesn’t see a reason for China’s central bank to implement blockchain for the digital yuan
Britain’s Tax Authority Updates Crypto Guidelines
4.11.2019
Her Majesty’s Revenue and Customs (HMRC) has updated its guidelines on the taxation of transactions involving crypto assets. The United Kingdom’s tax authority clarifies its stance on cryptocurrencies and explains which taxes apply to specific activities carried out by business entities...
Huawei Signs Deal With Digital Currency Research Unit of China’s Central Bank
4.11.2019
Huawei has signed a strategic cooperation agreement with the People’s Bank of China’s Digital Currency Research Institute
Bad Loans at Big British Banks Jump Over 50% in a Year
4.11.2019
Shaken by the never-ending saga around Brexit and the global slowdown, the British economy is now showing signs that point to an upcoming crisis. The U.K.’s biggest banks have been dealing with a growing number of loans companies are struggling to pay off. At the same time, low interest rates...
Another Chinese Lender Bailed Out After Bank Run
3.11.2019
Yichuan Rural Commercial Bank, a lender operating in the central Henan province, has become the latest Chinese bank to be bailed out by the government this year. The small financial institution, which has around 30 branches only in the Yichuan county, experienced a bank run sparked by rumors that...
23 Central Banks Divulge Their Digital Currency Requirements
2.11.2019
Twenty-three leading central banks participated in an in-depth survey on their digital currency developments and requirements, including fungibility, convertibility, and availability. They also discussed the timeframe for issuing consumer-ready central bank digital currencies and divulged their...
Expert: US Should Cut Crypto Firms Some Slack to Compete With China
1.11.2019
The United States must catch up with China when it comes to central bank digital currency, say analysts
Swiss Crypto Bank Gets Approved for Singapore Banking License
31.10.2019
Singapore welcomes crypto bank Sygnum with license
Financial System Blind to Crypto’s Deflationary Impact, Says Analyst
31.10.2019
Crypto’s deflationary impact will have profound implications for the global financial system
Association of Prive German Banks Argues for Digital Euro
30.10.2019
Bankenverband, an association of private German banks, released a paper in which it argues for the creation of a digital euro
China’s Central Bank Introduces Certification System for Fintech Products
30.10.2019
The People’s Bank of China, the country’s central bank, has introduced a new system for certifying 11 types of fintech hardware and software
IBM Expects a Central Bank to Issue Digital Currency Within 5 Years
30.10.2019
73% of leading global banks state CBDC should be available “under all circumstances” in a new study by IBM and OMFIF
Tokenized Carbon Credits Exchange for Airlines Launches in Singapore
30.10.2019
AirCarbon has launched a blockchain-based carbon offset credits global exchange in Singapore
More Filthy Fiat: Two Dozen Central Banks Ramp up the Printing Presses
29.10.2019
The global economy seems to be heading toward a financial crisis fueled by central planners that could devastate markets worldwide. This year onlookers are witnessing the largest synchronization of central banks printing massive amounts of fiat or participating in other forms of stimulus....
Julius Baer Top Exec: Crypto Still in ‘Darwinian’ Process of Selection
29.10.2019
Julius Baer’s chief strategist says cryptocurrencies are at a “Darwinian” stage and remain and more like gold than currency
Why Central Banks Are Not Designed for Democracies
29.10.2019
Through their policies, central banks exert tremendous influence over the socio-economic conditions in a country and its business environment. Their decisions are so powerful that it’s obvious they are part of the government. But most people would be surprised to find out that central banks...