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Swiss Government Quashes ‘E-Franc,’ Says Current Risks Outweigh Benefits
13.12.2019
The Swiss government has quashed the idea of offering a digital currency, saying it currently presents more problems than opportunities
Most Central of All Banks Releases 12 Design Elements For a Wholesale Token
13.12.2019
The Committee on Payments and Market Infrastructures (CPMI), hosted by the central bank of central banks, the BIS, has released a report which informs developers and market participants how wholesale digital tokens might look like.
Today, wholesale payments between financial institutions...
German Fintechs Rush to Offer Crypto Custody Services Under New Law
13.12.2019
Fintech companies in the Federal Republic are quickly moving to develop and offer custodial solutions for digital assets under the new German legislation that will allow banks to store, transfer and trade cryptocurrencies next year. Berlin-based Solarisbank has established a subsidiary that will...
BlockFi to Offer First Interest-Bearing Crypto Accounts in Washington State
12.12.2019
BlockFi has obtained a money transmission license in Washington and intends to offer interest-bearing crypto accounts in the state
Crypto Custody Firm Trustology Cuts Staff as Banks Delay on Digital Assets
12.12.2019
Digital asset custody firm Trustology has cut seven of its 18 staffers as the big banks it courted are taking longer than expected to jump into crypto
ECB President: ‘We Better Be Ahead of Curve’ on Stablecoins
12.12.2019
Christine Lagarde says financial institutions should foresee the demand for stablecoins
IBMR and Blockchain Firm Algorand Launch Microfinance Platform
12.12.2019
IBMR and Algorand are jointly launching a microfinance platform and a dedicated token to promote financial inclusion in Southeast Asia
15 Million Debit Cards Exposed as Iranian Banks Fall Victim to Cyber Warfare
12.12.2019
The private details of 15 million bank debit cards in Iran have been published on Telegram in the largest banking security incident in the country’s history. Iranian authorities so far try to blame the breach on common criminals but cyber security experts suspect it was the work...
Reuters: Dutch Bank ING Working on Digital Asset Custody Technology
12.12.2019
ING is reportedly developing digital asset custody technology, becoming the latest mainstream financial institution to enter the crypto custody business
Regulated Swiss Crypto Bank SEBA Expands Services to 9 New Countries
12.12.2019
Swiss crypto bank SEBA has rolled out its services to clients across Singapore, Hong Kong, the U.K., Italy, Germany, France, Austria, Portugal
China’s Inflation Hits a Record 4.5% as Beijing Prepares to Test Digital Yuan
12.12.2019
China has been confronted with multiple economic and financial problems this year amidst an ongoing trade war with the United States. Authorities in Beijing have been trying to overcome the challenges with administrative measures in what has become a market economy over the years. Inflation of...
German SolarisBank Opens Subsidiary to Provide Custody Services for Digital Assets
12.12.2019
Solaris Digital Assets GmbH will provide the full range of solarisBank’s digital white-label banking services
Elliptic Launches Tool to Connect Banks with Cryptocurrency Exchanges
11.12.2019
SBI Group-backed crypto compliance firm Elliptic launches a new tool that will allow banks to work more closely with crypto exchanges
China: Former Central Bank Exec to Reportedly Head New Tech Regulation Division
11.12.2019
China’s securities regulator reportedly plans to set up a tech division that will be headed by the former chief of the central bank’s digital currency initiative
Central Bank 'Parental Controls' Obsolete for Crypto: Bank of Lithuania
11.12.2019
Lithuania’s central bank suggested that banks should face the perceived risks of digital currencies and join the digital asset space to preserve control
World’s 2nd-Largest Bank CCB Launches Blockchain Refactoring: Report
11.12.2019
The world’s second-biggest bank, China Construction Bank, launches blockchain-based refactoring platform
CBD Coffee Company Leverages Censorship-Resistant Nature of Crypto
11.12.2019
On December 8, the U.S.-based coffee firm that uses cannabidiol (CBD) in its product, Crazy Calm, launched a promotion that aims to send $5 per order to the charity EatBCH. The founder of Crazy Calm, Matt Aaron, also detailed that the startup wanted to leverage the payment processor Shopify but...
Santander Redeems $20M Bond Using Ethereum Blockchain
10.12.2019
Spanish banking giant Santander has just redeemed a $20 million bond that was issued in September via the Ethereum blockchain
80 Japanese Banks Eye JPMorgan’s Blockchain
10.12.2019
Source: JPMorgan, Instagram
More than 80 Japanese banks have declared interest in joining JPMorgan Chase’s blockchain-based payment information network, the Interbank Information Network (IIN), making the country’s banking sector possibly the largest national player in the system powered by Quorum...
JPMorgan’s Blockchain Network to Launch in Japan in Early 2020: Report
10.12.2019
JPMorgan’s blockchain-based payment network, the Interbank Information Network, will reportedly launch in Japan in early 2020