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Belarusian Banks to Issue Digital Tokens in Central Bank Pilot
12.6.2020
Belarus’ central bank will allow 12 commercial and state-owned banks to launch tokens and conduct business using their digital offerings in an ambitious new pilot.
The central National Bank’s plans, per Sputnik Belarus, will involve a pilot that will run from January 1, 2021, to January 1, 2024...
Indian Government Reconsiders Banning Cryptocurrency: Report
12.6.2020
The Indian government is reportedly reconsidering a plan to ban cryptocurrency and the finance ministry has initiated related inter-ministerial consultations. The move is supposedly spurred by the supreme court quashing the banking ban imposed by the central bank, the Reserve Bank of India (RBI)....
Russian Central Bank ‘on the Verge of’ Issuing Blockchain Mortgages
11.6.2020
Despite its disdain for all things cryptocurrency-related, Russia’s Central Bank has lost none of its enthusiasm for blockchain – and looks to be doubling down on the technology with its fast-expanding plans to issue digital, blockchain-powered mortgages.
The Central Bank, which has already issued...
Custody Provider Copper Joins Think Tank to Bridge Gap Between Traditional Finance and Crypto
11.6.2020
Crypto custodian Copper is joining the Official Monetary and Financial Institution Forum's new think tank to discuss how central banks are evaluating digital currencies
South Korean Merchants Open to Accepting Digital Yuan
10.6.2020
An article published by Yonhap suggests that South Korean merchants are open to accepting digital yuan as a payment method in the near future
4,000 Chinese Bank Accounts Reportedly Frozen Due to Crypto Connections
10.6.2020
About 4,000 Chinese bank accounts of over-the-counter cryptocurrency traders were allegedly frozen by law enforcement
Ghana’s Central Bank Confirms It’s Still Looking to Pilot a Digital Currency
10.6.2020
The Bank of Ghana’s first deputy governor says the institution remains committed to piloting a central bank digital currency
Not With Bitcoin: Rumor ECB Eyeing $500B Debt Quarantine in ‘Bad Bank’
10.6.2020
Coronavirus will inflate the EU bad debt mountain, and banks should be shielded, while an official speaks highly of so-called “bad banks.”
South Korea’s NH Bank Forms Blockchain Financial Services Consortium
10.6.2020
The South Korean NH NongHyup Bank has announced a memorandum of understanding to research and develop blockchain-based financial services through a new consortium
Chinese Authority Freezes Thousands of Cryptocurrency Traders’ Bank Accounts
9.6.2020
Several thousands of bank accounts belonging to cryptocurrency traders have reportedly been frozen by Chinese police as a result of an extensive crackdown on illicit activities. Frozen accounts are not necessarily involved in wrongdoing and can be unfrozen if the authority finds no evidence...
Saudi Monetary Authority Pumped Some of $13B Bank Infusion Using Blockchain
9.6.2020
The central bank claims to have distributed 'part' of a recent $13 billion bank "liquidity enhancement" using blockchain tech
Lithuania Is Trialing a CBDC No One Can Use – And That’s by Design
8.6.2020
The Bank of Lithuania's LBCoin digital collectible may be a gimmick, but its ambitions for blockchain tech are very, very real
Set to Grow, India’s Crypto Industry Must First Toil Tough Ground
8.6.2020
Several factors make India the hallmark country for crypto adoption. Experts, however, agree that several challenges still stand in the way
Central Bank of Saudi Arabia Transfers Funds to Local Banks Over Blockchain
8.6.2020
The Saudi Arabian Monetary Authority has transferred funds to local banks using blockchain technology
Chinese Bank Issues Commercial Paper Worth $16.9 Billion on Blockchain
8.6.2020
A Chinese commercial bank issued China’s first asset-backed commercial paper worth $16.93 billion on a blockchain
Chinese Police Freezing OTC Traders’ Bank Accounts Over ‘Tainted’ Crypto Transactions
8.6.2020
Thousands of cryptocurrency over-the-counter merchants and their clients may have been affected as police in China freeze bank accounts over tainted crypto and fiat assets
‘Be Your Own Bank’ and the ‘Luxury of Apathy’
7.6.2020
The powerful idea and meme at the core of Bitcoin self-sovereignty is incredibly empowering but has an unspoken element that requires persistent competence and at least for some makes it more trouble than it's worth
Armoney Recommends Only the Following Cryptocurrencies in India
6.6.2020
So, what is cryptocurrency? It’s an internet medium to exchange funds between individuals or corporations to conduct financial transactions. An individual becomes a bank and has control over his own money. Post-COVID will be the beginning of an online transaction era, without the need to...
Former Chinese Central Bank Exec Praises "Commercial Success" of Bitcoin
6.6.2020
Wu Xiaoling highlighted the benefits of the Bitcoin network and highlighted some of the weaknesses it faces nowadays
Digital Currencies Could Replace Low-Interest Bank Accounts, Says UN Expert
5.6.2020
Low-interest rates have removed one of the few remaining incentives for holding a bank account, meaning digital currency could be a better alternative, argues a UN expert