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Peru to partner with India, HK and Singapore central banks on a CBDC
18.11.2021
The president of Peru’s central bank has indicated that the country will be joining forces with India, Singapore, and Hong Kong to develop its own central bank digital currency
Federal Reserve Governor Argues Against Subjecting Stablecoins to Full Banking Regulation
18.11.2021
Federal Reserve Board Governor Christopher Waller says that stablecoins do not need to be regulated with all the same rules as banks. He disagrees with some of the recommendations on stablecoin regulation by the President’s Working Group on Financial Markets. He explained that while banks...
Zanzibar Government Keen to Get Stakeholders’ View on Cryptocurrencies
15.11.2021
Zanzibar is keen on getting stakeholders’ views on the viability of adopting digital currencies before a final decision is made, a government minister has said. The Importance of Getting the Views of Stakeholders In his remarks during an interview with The Citizen, Mudrick Soraga, who is...
Where Does Cryptocurrency Currently Stand With Banks?
15.11.2021
Although cryptocurrency has raised several suspicions regarding the purpose of its existence in the past, slowly but gradually, it has found a place in nearly all forms of trade and commerce, becoming a part of the daily life of people. This popularity among the common masses has led to several...
Every Large Bank Will Actively Consider Crypto in 1-3 Years, Says Former Citi CEO
14.11.2021
A former CEO of Citigroup said that every major bank and securities firm will consider crypto trading or services within one to three years. He also hopes that central banks worldwide will adopt digital currencies. Former Citi CEO Expects All Major Banks to Embrace Crypto in 1-3 Years...
Report: Traditional Banks in Africa Hold Trust Advantage Over Fintechs
13.11.2021
A recent report by CR2 on Africa’s fintech transformation suggests traditional financial institutions can still be a part of the fintech financial revolution if they leverage one of their most significant assets: client trust. Partnerships Between Banks and Fintechs The report urges...
USDC issuer Circle supports proposal to regulate stablecoin issuers as banks
12.11.2021
"There's a real recognition that as these payment stablecoins grow, they could grow at internet scale relatively quickly," Circle CEO said
Nigerian banks tracking customer accounts for crypto trading
11.11.2021
Personal accounts with large multi-day inflow and outflow are being tracked per an order by the country's central bank
If Stablecoins Are Going to Be Regulated Like Banks, They Should Enjoy All the Benefits
11.11.2021
The U.S. Treasury Department proposed regulating stablecoin issuers as banking institutions, which may be a great idea if stablecoin issuers are offered the same privileges as regulated banks. US Treasury Department Report: Stablecoins Regulation Is Urgently Needed The rise of stablecoins within...
Nigerian Central Bank Intensifying Fight Against Cryptocurrency Traders
10.11.2021
Just a few days after launching the e-naira digital currency, the Central Bank of Nigeria (CBN) is now reportedly ramping up the pressure against cryptocurrency traders. Bank Employees Warned In a memo to its staff seen by Bitcoin.com News, one of Nigeria’s leading banks, FCMB, warns...
Spanish banks required to report 3-year digital currency plans
10.11.2021
Banco de España wants to assess the influence that digitalization has on financial services
Nigeria's central bank reportedly freezes crypto traders' accounts
8.11.2021
In February, the CBN banned banks from servicing crypto exchanges in the country, citing concerns including volatility, money laundering, and the financing of terrorism
Russia to Change 13 Laws and Codes for Digital Ruble
8.11.2021
Authorities in Russia are gearing up to amend various pieces of legislation to facilitate the issuing and function of the digital ruble. Officials in Moscow believe this version of the national fiat needs to be regulated separately from other digital forms of money such as cryptocurrencies. Russia...
Digital Euro Should Be Attractive But Not ‘Too Successful,’ ECB’s Panetta Says
7.11.2021
The digital euro should be an attractive means of payment but its design should prevent it from becoming so successful as a store of value that it threatens banks and private money, according to Fabio Panetta, a high-ranking executive at the European Central Bank. Panetta stressed that both this...
Acting CoC Hsu: More crypto regulation is needed
5.11.2021
The regulator singled out Binance and Tether as allegedly risky players in the blockchain space
EU central banks work on DLT-based asset settlement
5.11.2021
Banca d’Italia and Deutsche Bundesbank shared experiences on distributed ledger technology-based settlements in a workshop
Major Thai Bank SCB Acquires 51% Stake in Cryptocurrency Exchange
3.11.2021
Siam Commercial Bank, one of the largest banks in Thailand, is acquiring a 51% stake in a cryptocurrency exchange. The acquisition will help the bank “create new growth value in the long term amid a new financial world,” said the CEO of the bank. Major Thai Bank Becoming Majority...
Commonwealth Bank to enable crypto trading for 6.5M Aussies, 'other banks will follow'
3.11.2021
The CBA stated that it will support 10 crypto assets in its banking app, including Bitcoin, Ethereum, Bitcoin Cash and Litecoin
Siam Commercial Bank purchases 51% stake in crypto exchange Bitkub
2.11.2021
CEO Arthit Nanthawittaya said the acquisition was based on the growth of businesses in the digital asset space over the last 2 years and the expected value in the long term
Huge Differences Seen in Banks’ Ethereum Valuation as ETH Tests All-Time High
2.11.2021
Just as the price of Ethereum’s native ETH token is testing new all-time highs north of the USD 4,400 level on Tuesday, private notes to clients from two major investment banks reveal just how different analysts at large financial institutions view the second-largest cryptoasset.
At 10:20 UTC,...