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Singapore Introduces Licensing for Crypto Platforms, New Payment Services Now Act in Force
29.1.2020
The Monetary Authority of Singapore (MAS) has announced the commencement of the city-state’s new Payment Services Act. The law mandates the implementation of a licensing regime that applies to payment providers, exchanges and other platforms dealing with cryptocurrencies. Their operators...
Singapore Announces New AML Rules for Crypto Businesses
28.1.2020
Singapore’s newly-enacted Payment Services Act brings so-called Digital Payment Token (DPT) services under current anti-money laundering (AML) and counter-terrorist-financing (CTF) rules
ECB Keeps Subzero Interest Rates and Open-Ended QE Worth €20B a Month But Launches Policy Review
24.1.2020
The European Central Bank (ECB) has launched an extensive review that will examine a wide range of its policies by the end of this year. Under its new president, Christine Lagarde, the bank will try to establish why its monetary stimulus has failed to achieve the Eurozone’s goal of close...
The Prospect of Building a New International Monetary System Is Getting Real
17.1.2020
When world leaders gather in Davos next week, they'll confront an essential question, says Circle's Jeremy Allaire: Can they seize blockchain's ability to create value for people around the world?
China Issues Digital Currency Guide for Party Cadres
14.1.2020
Understanding a complex subject should be easier with access to educational materials. With blockchain and CBDC now part of Beijing’s political vocabulary, the Communist Party of China (CPC) has issued a guide to digital currencies meant to prepare party officials for upcoming changes in...
Federal Reserve Considers Creating a Separate Entity for Cash Injections
8.1.2020
While American President Donald Trump wages war with Iran, the U.S. Federal Reserve has continued to inject fresh capital into the hands of private banks by giving them $100 billion in overnight and 14-day repos on Tuesday. The same day, Rabobank strategist Philip Marey predicted the central bank...
IMF Helping Philippines Become Important Crypto Market
4.1.2020
The International Monetary Fund (IMF) is providing the Philippines with technical assistance regarding crypto assets. The IMF believes the country may become an important crypto market and has provided the Bangko Sentral ng Pilipinas with suggestions for the country’s crypto regulation...
Central Bank Gold Hoarding Hits 50-Year High
30.12.2019
While dozens of the world’s economic leaders participate in extreme monetary easing policy, central banks have also been hoarding gold. Central banks accumulated over 668 tons in gold purchases this year, which is more than 2018’s record numbers. In fact, the key drivers in gold demand...
Integrating the Cashback Model into Your Business
25.11.2019
It’s a known fact that achieving sales in your business is essential for growth.  Well, you can uplift your sales volume with cashback business integration. The concept that you can get a monetary reward when you make a purchase you […]
The post Integrating the Cashback Model into Your...
Global Debt Reaches New Highs — Is BTC a Solution or a Beneficiary?
22.11.2019
Bitcoin to replace fiat currency? “The Apples, Googles — the world’s largest companies — are using U.S. dollars still. When they switch over to Bitcoin, we can have that conversation.” — Vinny Lingham
US Federal Reserve Exploring Digital Dollar and Its Effect on Monetary System
20.11.2019
The U.S. Federal Reserve System is evaluating the development of a digital dollar and what issues and risks it could potentially pose
Global Trend Against Cash Intensifies as China Joins the Squeeze
16.11.2019
For various reasons, a growing number of nations are experiencing the rapid development of cashless society. Paper money may become extinct in some countries in the not-so-distant future. Prompted by the spread of private and decentralized cryptocurrencies and the threat of losing control over...
“Run Green Finance on Blockchain,” Encourages Chief FinTech Officer of Singapore’s Monetary Authority
14.11.2019
Green finance is about monitoring, measuring, and mobilizing finance for green assets
Generation QE: How Central Banks Create Money From Thin Air
11.11.2019
This year the public has seen a lot of the expansive monetary policy taking place with 37 central banks participating in monetary easing. Unfortunately, most people don’t understand the methods central banks like the Federal Reserve use to increase the money supply and never take the time...
QE Infinity: 37 Central Banks Participate in Stimulus and Easing Practices
9.11.2019
Since the last week of October, a great number of central banks have been slashing interest rates, joining the massive synchronization of monetary easing worldwide. This year more than two dozen banks have used easing tactics and in the last two weeks alone central banks from Costa Rica, Hong Kong...
Propine Acknowledged by the Monetary Authority of Singapore’s Fintech Regulatory Sandbox
8.11.2019
The Monetary Authority of Singapore’s (MAS) FinTech Regulatory Sandbox has acknowledged PROPINE, a Singapore-based startup delivering services for digital securities and sanctioned a conditional license most recently. Propine is the first organization to get conditional approval by...
Hong Kong Monetary Authority (HKMA) Joins Hands With PBoC to Enhance Blockchain Opportunities
7.11.2019
The Hong Kong Monetary Authority (HKMA), the leading financial institution, has broadcasted the news of its strategic collaboration with the People’s Bank of China (PBOC) on its central bank digital currency (CBDC). The two leading banking authorities have entered into the partnership via...
dForce Launches its First Monetary Protocol—USDx
4.11.2019
USDx is a monetary protocol launched by dForce. It is the first monetary protocol, which is decentralized and is a synthetic indexed stablecoin. It is backed by several stablecoins at pre-determined weights, which are adjustable through on-chain governance. Initially, the USDx protocol reserve...
The Big Lie Perpetuated by Central Banks
27.10.2019
The central banking system controls monetary policy within a given jurisdiction, including the creation of money itself. The system is a lie and a denial of reality. The lie is political in motivation and content, and the denial of reality is rooted in culture and philosophy. Also read: Bitcoin...
Mario Draghi Leaves European Central Bank Without Ever Raising Interest Rates
24.10.2019
Preparing for a change at the top, the European Central Bank has decided to keep interest rates on hold and at their all-time lows. Mario Draghi, who had his last monetary policy meeting as president of the ECB, is leaving after an eight-year term during which key rates were never raised. At...