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Dutch bank ING sells digital asset tool Pyctor to GMEX
11.7.2022
GMEX has acquired ING’s Pyctor business to connect CeFi and Defi amid the increasing demand for hybrid finance
Bitcoin vs bank: Nayib Bukele reminds Peter Schiff why banks can’t trump BTC
7.7.2022
Peter Schiff’s bank closure highlights why Bitcoin is crucial for financial freedom as the nascent asset class has already helped nearly 4 million unbanked in El Salvador to gain banking facilities
Peter Schiff's bank closure strengthens Bitcoin case for financial freedom
4.7.2022
Puerto Rico regulators closed down Schiff’s bank for not maintaining the net minimum capital requirements. As a result, customers lost access to their accounts following a subsequent freeze
Japanese Trust Banks Likely to Gain Permission to Handle Crypto from Autumn
2.7.2022
Japan is set to allow trust banks to manage cryptoassets – after a top financial regulator announced plans to roll out legislation that could become legally binding later this year.
The newspaper Nikkei reported that the Financial Services Agency (FSA), the body that polices both the banking...
Custodia Bank's CEO Says Bad Actors and Regulators Caused Crypto Crash
1.7.2022
Caitlin Long said bankruptcies were inevitable the moment bitcoin “started being leveraged, rehypothecated, or financialized with debt.”
Basel Committee wants to limit banks' digital asset exposure to just 1% of equity
30.6.2022
Volatile cryptocurrencies such as Bitcoin would also be subjected to a 1,250% risk premium
Basel Committee Warms Up to Bitcoin & Crypto With More Flexible Proposal
30.6.2022
After receiving criticism from industry players last year for being too conservative, a committee at the Bank for International Settlements (BIS), has proposed a cap on how much exposure traditional banks can have to cryptoassets “where there is no counterparty.”
According to a new consultation...
Integrating blockchain-based digital IDs into daily life
30.6.2022
Blockchain tech is pushing the boundaries of ID management as governments look for scalable solutions that promote privacy, control and decentralized data management
Banks’ Bitcoin Holdings Should Be Capped, Basel Committee Proposes
30.6.2022
Holdings for unbacked crypto would be limited to 1% of a lender’s capital, under plans put out for consultation Thursday
Circle Partners With New York Community Bancorp — Bank to Custody USDC Reserves
29.6.2022
Circle Internet Financial has revealed a usd coin custody partnership with the American bank holding company New York Community Bancorp (NYCB). Under the agreement, NYCB’s subsidiary, New York Community Bank, will become a custodian for the company’s stablecoin reserves. Circle...
Bank of Russia Accelerates Schedule for Digital Ruble Project
26.6.2022
The Central Bank of Russia continues to step up efforts to test and issue the digital ruble, with a roadmap for the full implementation of the new form of the national fiat now expected by the end of 2023. Trials with real transactions and users are scheduled to begin next April, earlier than...
Russia to Trial Digital Ruble Settlements for Real Estate Deals
23.6.2022
The Central Bank of Russia and participating commercial banks want to test various types of payments with the digital ruble, the Russian press reported. The plan is to experiment with smart contracts and transactions related to real estate and crypto asset purchases. Bank of Russia to Launch Smart...
RBI, Indian Banks to Pilot Blockchain Trade Financing: Report
23.6.2022
The Reserve Bank of India (RBI) is to develop a proof-of-concept blockchain project focused on trade financing alongside various top Indian banks, the Economic Times reported Thursday
BIS Says Crypto Weaknesses Have Materialized Following Market Sell-Off
23.6.2022
The Bank of International Settlements (BIS), the global body for central banks, claims the weaknesses in crypto that were pointed out before “have pretty much materialized.” BIS General Manager Agustin Carstens opined: “You just cannot defy gravity … At some point,...
BIS: 90% of Central Banks are researching the utility of CBDCs
21.6.2022
The institution's future monetary vision includes exploring innovations grounded in trust in central banks' stable sovereign currencies and safe payment systems
Deloitte and NYDIG set up alliance to help businesses adopt Bitcoin
21.6.2022
Deloitte wants to enable blockchain and digital asset-based services across many areas involving Bitcoin products like banking, rewards programs and others
After Inflation Fiasco, Central Banks Now Want to Monopolize Trust in Money With CBDC Push and Crypto Bashing
21.6.2022
As central banks across the globe are now admitting they failed to keep inflation under control and by sharply rising rates threaten to push economies into recession, they now claim that they are the main source of trust in the monetary system. ...
Read More: After Inflation Fiasco, Central...
From games to piggy banks: Educating the Bitcoin ‘minors’ of the future
19.6.2022
The tools, toys and games available to teach kids about sound money and the Bitcoin network — after all, they’re the ones who will use it
Sberbank to Conduct First Digital Asset Transaction on Own Platform
19.6.2022
Russia’s largest bank, Sberbank, is going to carry out the first transfer of digital assets on its own dedicated platform within a month, a top executive revealed this week. The announcement comes after earlier this year, the bank was authorized to issue digital financial assets. Sberbank...
How a DAO for a bank or financial institution will look like
19.6.2022
A DAO-based financial industry means lower fees across the board, accessibility, and transparency. Would it be possible?