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Silvergate Bank's Q1 Net Income Nearly Doubles to $24.7M

19.4.2022
Crypto-focussed Silvergate Bank recorded net income of $27.4 million in Q1 2022, more than doubling its income of $12.7 million for the corresponding quarter a year earlier

Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing

19.4.2022
The Central Bank of Russia has emphasized the importance of moving forward with its digital ruble project. According to a statement by a top representative, the monetary authority has no intention to delay the trials despite not all invited banks being ready to participate yet. Bank of Russia...

Russian bankers reportedly want to outlaw noncustodial crypto wallets

18.4.2022
The Association of Banks of Russia has previously collaborated with Binance as part of its expert center focused on crypto regulation

The world doesn’t need banks, policymakers or NGOs — It needs DeFi

17.4.2022
DeFi can usher in a system where people don’t have to pay international corporations 10% to send money home in the internet era of Web3

Central Banks Struggle With Privacy-related CBDC Headaches

13.4.2022
As a number of countries across the globe are working on developing their respective central bank digital currencies (CBDCs), ensuring a separation between identity and transaction data could produce a better environment for privacy protection and could lead to public confidence and trust...

CBDCs Turn Up Heat on Banks, May Spurn Distributed Ledgers, Study Suggests

12.4.2022
Central bankers interviewed by the Financial Stability Institute are wondering if increased competition could help the 1.7 billion people cut off from financial services to get access

Morgan Stanley Says US Could Regulate Stablecoin Issuers Like Banks

12.4.2022
A U.S. CBDC is needed to ensure the dollar remains the world’s dominant payment mechanism, the bank’s analyst said

Want to See the Future of Banks? Look at Telcos

11.4.2022
DeFi may allow banks to offer a wide range of services fast and efficiently, but in the end, these organizations will focus on their traditional, core strengths

FDIC Asks Thousands of Banks to Disclose Crypto Plans

11.4.2022
The U.S. Federal Deposit Insurance Corporation (FDIC) has asked thousands of banks and other financial institutions it supervises to declare existing crypto activities and any plans they have to engage in crypto activities in the future. Banks to Disclose Crypto Plans to FDIC The Federal Deposit...

Bank of Spain Reminds Public Cryptocurrency Purchases Can Be Blocked in Certain Cases

11.4.2022
The Spanish central bank, Bank of Spain, has warned users about certain actions banks can take if they detect cryptocurrency purchases. In a post published on its web page, the institution explains that traditional banks have the ability to block these transactions if they suspect there...

The Eerie Similarities of Today’s Great Monetary Shift and the Panic-Led Creation of the Federal Reserve System

9.4.2022
While many Americans believe the U.S. Federal Reserve is the caretaker of the country’s monetary system, its also believed to be one of the worst financial institutions ever created. In 2022, amid a gloomy economy, war, and a number of global crises, the possibility of a great monetary shift...

South African Central Bank Governor: Regulators and Policymakers Must Be Involved in Shaping Potential Move to DLT Markets

9.4.2022
The head of the South African central bank has insisted that regulators and policymakers should be involved in directing any potential move to markets that are based on distributed ledger technology (DLT). Pondering the Implications of Innovation The governor of the South African Reserve Bank...

‘I’ve never paid with crypto before’: How digital assets make a difference amid a war

9.4.2022
For many Ukrainians and Russians, digital assets have become the means to support themselves and their loved ones during the crisis

India’s Digital Currency to Take ‘Very Calibrated, Graduated’ Approach, Says RBI Deputy Governor

9.4.2022
Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar has outlined the implications of India issuing a central bank digital currency, the digital rupee. ”I think central banks would go about it in a very calibrated, graduated manner, assessing impact all along the line,”...

FDIC Asks All Banks to Report Crypto Activities

8.4.2022
A top U.S. banking regulator has asked banks to report on their “crypto-related activities,” citing potential “safety and soundness risks as well as financial stability concerns” resulting from exposure to crypto assets

The FDIC wants US banks to report on current and intended crypto-related activities

7.4.2022
The U.S. bank insurer has concerns over the ability of the institutions it supervises to assess crypto risks adequately, and it’s none too sure about its own abilities

Could the Government Confiscate Gold Again? A Look at Today’s ‘Emergencies’ and Revisiting Executive Order 6102

7.4.2022
This past Tuesday, April 5, was the 89th anniversary of Executive Order 6102 when the U.S. government would strictly “forbid the hoarding of gold coin, gold bullion, and gold certificates within the continental United States.” While the global economy seems to be heading toward...