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Deutsche Bank Strategist Predicts Crypto Could Replace Fiat Money
8.12.2019
Deutsche Bank analysts have made some predictions regarding the future of cryptocurrency. Strategist Jim Reid explained why cryptocurrencies are inevitable and how the existing fiat money system could crumble over the next decade, leading to soaring demand for cryptocurrencies. Also read: Swiss...
Ukraine Passes Law on Money Laundering With Crypto Policy Based on FATF
7.12.2019
Ukraine’s parliament approves a final version of a money laundering law that will handle virtual assets and virtual asset service providers per FATF guidelines
State Street: 38% of Clients Will Put More Money into Digital Assets in 2020
6.12.2019
The majority of asset managers that bank with State Street are interested in digital assets, but none have asked the global custodian to store them yet
Crypto Pyramid Scheme in Uganda Steals Employees’ Money and Closes
6.12.2019
An alleged crypto pyramid in Uganda stole money from its employees and covertly closed down its offices
Deutsche Bank: Fiat Money is Fragile, Crypto - Inevitable
6.12.2019
The forces that hold the fiat money system together look fragile and, over the next decade, some of these forces could begin to unravel and demand for alternative currencies, from gold to crypto, could take off, German banking giant Deutsche Bank said in its recent report Imagine 2030.
"While...
The Future of Money and the Payment System
5.12.2019
Source: a video screenshot, YouTube, Bloomberg Markets and Finance
This is a lecture by Agustín Carstens, General Manager of the Bank for International Settlements, held at Princeton University, Princeton, New Jersey, USA, on December 5, 2019.
Main highlights:
(Read the whole text...
EU Won’t Let Stablecoins Enter Its Market Until Risks Are Addressed
5.12.2019
No global stablecoin project should begin operations in the EU until the associated risks are addressed, EU authorities say in a new adopted statement
Crypto-Focused Lender Blockfi Launches Trading Platform
5.12.2019
Crypto financial services company Blockfi has launched a trading platform supporting three cryptocurrencies. The new offering adds to the company’s existing services: interest-bearing accounts and crypto-backed loans. Blockfi has completed registration with the U.S. Financial Crimes...
The Fed’s Money Creation System Is Fueling One of the Biggest Heists in History
4.12.2019
Since mid-September, the Federal Reserve has injected three trillion U.S. dollars into the hands of private banks and Wall Street. Despite the fact that massive amounts of money was created out of thin air, the central bank still believes repurchase agreements (repos) are needed to tame...
China’s CBDC Showcases Interoperability As Centralization’s Weakness
4.12.2019
How centralized chokepoints and blacklists will affect interoperability of the Chinese CBDC with the decentralized world
Kazakhstan Won’t Tax Cryptocurrency Mining: Report
4.12.2019
Kazakhstan’s lawmakers won’t be taxing crypto mining until the mined crypto is exchanged for fiat money, a report says
Andreas Antonopoulos Slams Intuit After Payments Block for Crypto Use
4.12.2019
Stop “using crypto,” Intuit tells Andreas Antonopoulos
British Virgin Islands Announce US Dollar-Backed Digital Currency
3.12.2019
The British Virgin Islands announced that crypto firm LifeLabs is developing a U.S. dollar-backed stablecoin for the territory
Court Backs Nordea Bank Bid to Block Staff From Trading Crypto
3.12.2019
Nordea Bank has won a court battle in Denmark over its bid to bar employees from buying and selling cryptocurrencies outside of work
Save the Children Now Accepts Bitcoin Cash Donations
3.12.2019
Making donations is a great way for the cryptocurrency community to spread acceptance for peer-to-peer electronic money to new people and institutions. And options for giving with bitcoin cash to your supported causes are expanding all the time, with organizations such as Save the Children joining...
Dutch Crypto Startups Brawl With Regulators Over Scope of EU Money Laundering Rule
2.12.2019
Dutch crypto startups are crying foul as local regulators look to implement the EU 5th Anti-Money Laundering Directive ahead of a Jan. 10 deadline
CipherTrace Report: 2/3rd of the Exchanges Still Have Weak KYC
1.12.2019
Money Laundering has been one of the biggest accusations levied on cryptocurrencies. The argument was further intensified when US President Donald Trump tweeted that crypto/BTC is used for several social evils, including money laundering. Therefore, to have a clear picture of the issue...
German Banks Authorized to Store and Sell Cryptocurrency in 2020
29.11.2019
Next year German banks will be able to manage cryptocurrencies like bitcoin after the fourth EU money laundering directive goes into effect. The directive passed in the German parliament, Bundestag, allows banks in the country to act as cryptocurrency custodians rather than rely on third-party...
WATCH: Thiel Capital’s Eric Weinstein Talks About the Nature of Money
29.11.2019
Eric Weinstein of Thiel Capital talks with Leigh Cuen about the philosophy behind the crypto markets
Cardano’s Payment Gateway for Merchants Is Now Live
29.11.2019
The Cardano Foundation launches ADA payment gateway, allowing merchants to accept payments in ADA with settlement in 35 fiat currencies