2024-10-15 17:26 |
India’s central bank governor has warned of financial risks linked to AI dominance in finance, echoing concerns from global financial authorities.
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Deputy Governor for Financial Stability at the Bank of England Jon Cunliffe addressed the “Crypto Winter”, financial risk in the sector, and regulation. Speaking at an event at the British High Commissioner’s Residence in Singapore, Cunliffe shared four lessons pull out of this sector.
2022-7-13 01:00 | |
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The governor of the central bank of Indonesia believes that cryptocurrencies have the potential to pose systemic risks, but can improve financial inclusion. The post Bank Indonesia Governor Embraces Crypto and Talks up CBDC appeared first on BeInCrypto.
2022-7-13 22:00 | |
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India’s central bank governor has once again given the thumbs down to cryptocurrencies and called them a danger. In the foreword to the Reserve Bank of India’s (RBI) 25th Financial Stability Report (FSR), RBI Governor Shaktikanta Das called for a drastic approach by national authorities to deal with the growing threat from the digital assets […]
2022-7-11 19:33 | |
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Jon Cunliffe, Deputy Governor of Bank of England (BoE) for Financial Stability, posits an imminent emergence of institutional investors with the commercial might of e-commerce giants Amazon and eBay from the rumbles of the current crypto collapse.
2022-6-29 16:31 | |
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Speaking at the Point Zero Forum in Zurich, the Bank of England (BoE) Deputy Governor for Financial Stability Jon Cunliffe said that the current crypto market reminded him of the early days of the internet.
2022-6-24 16:00 | |
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The governor of Louisiana has signed a bill that will permit financial institutions to offer crypto custody services. The post Louisiana State Governor Signs off on Crypto Custody Bill appeared first on BeInCrypto.
2022-6-23 13:30 | |
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Cryptocurrencies can be used in cross-border or international payments only if they don’t get into Russia’s domestic financial system, the Bank of Russia governor said.
2022-6-17 16:03 | |
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California Governor Gavin Newsom has signed an executive order on cryptocurrencies to create a comprehensive regulatory framework for the industry. The order will see the Governor’s Office of Business and Economic Development work with other departments like the Department of Financial Protection and Innovation and California’s Business, Consumer Services, and Housing Agency to develop an […] The post California set to create comprehensive crypto regulatory framework as Governor signs Executive Order appeared first on CryptoSlate.
2022-5-6 08:30 | |
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Ripple co-founder Chris Larsen has praised California’s effort to update U.S. financial regulations
2022-5-5 23:05 | |
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The order will begin creating a regulatory framework for blockchain technologies and crypto financial assets.
2022-5-5 20:19 | |
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The Governor of the Bank of Canada (BoC) has reiterated the place of the Canadian dollar, aka loonie, in the country's financial system. Tiff Macklem's statement responds to the recent vocal support that leading conservative party PM candidate Pierre Poilievre has given the nascent market as part of his campaign.
2022-4-27 00:27 | |
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While Russian President Vladimir Putin supports crypto as a means of payment, the country’s central bank remains skeptical about them. “We are advocating for Russia’s financial infrastructure not to be used for investments into cryptocurrencies, and this is possible to implement,” Governor Elvira Nabiullina told a briefing on Friday.
2021-12-18 22:11 | |
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Crypto has “all the makings of something that could become” a financial stability risk, says Bank of England Governor Andrew Bailey. The post BoE Wants to Bring Stablecoins Into Bank’s Regulatory Remit, Urges Institutions To Take A “Cautious Approach” To Crypto Adoption first appeared on BitcoinExchangeGuide.
2021-12-15 22:24 | |
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Deputy Governor for Financial Stability at the Bank of England (BoE) warned about cryptocurrencies such as Bitcoin rapidly reaching the threshold of mainstream adoption– worried about the ripple effect a sudden price correction could have on the established financial system, BBC reported.
2021-12-14 19:30 | |
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“CBDC would be part of an effort to address the use of crypto in financial transactions,” Bank of Indonesia’s assistant governor Juda Agung said.
2021-11-30 14:53 | |
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Canada’s apex bank does not see cryptocurrencies as a major threat in tilting the balance of the financial ecosystem. The Bank’s Deputy Governor shared this sentiment in a symposium but highlighted the potential powers of stablecoins.
2021-11-27 23:31 | |
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Paul Beaudry, the Deputy Governor of the Bank of Canada, believes the crypto space does not pose a significant threat to the financial system, at least not at the moment. He shared his thoughts on the matter during the Ontario Securities Commission Dialogue 2021 on November 23.
2021-11-25 16:27 | |
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Elvira Nabiullina, the Governor of the Bank of Russia, has disclosed that the central bank will only embrace a digital version of the ruble if it meets several conditions within pilot tests. Nabiullina spoke on this matter before the State Duma Committee on Financial Markets on November 15.
2021-11-19 18:58 | |
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Bank of England’s Sir Jon Cunliffe has urged British lawmakers to think “very hard” about the disruption integrating cryptocurrency with traditional finance could wreak.
2021-11-17 08:05 | |
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Looks like private cryptocurrencies are unable to ensure the English regulators of their benefits over their potential risks. In a recent BBC programme, Jon Cunliffe, Deputy Governor of Financial StabThe post BoE exec flags cryptos and its 'risks,' again appeared first on AMBCrypto.
2021-11-16 00:30 | |
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Regulators must move quickly to avert the impending risk posed by cryptocurrency assets to the financial sector, according to Jon Cunliffe, deputy governor for financial stability at the Bank of England.
2021-11-15 22:12 | |
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Bank of England Deputy Governor for Financial Stability Jon Cunliffe, has voiced concerns regarding the risks posed by decentralized finance, and as big investors, hedge funds, and banks become more involved.
2021-10-14 21:09 | |
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John Culifferthe, Bank of England’s Deputy Governor, discouraged crypto’s use in the UK’s finance system. He announced earlier that although cryptocurrencies are becoming more supported within United Kingdom’s financial system, they aren’t a significant threat.
2021-10-13 13:22 | |
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Meanwhile, Bank of Japan Governor Haruhiko Kuroda showed concerns towards stablecoins which are “closely linked to the central bank currency,” as they could have “some impact on the financial system.
2021-10-4 16:08 | |
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Adrienne Harris said she aims "to ensure we have a robust and fair financial system, and an equitable economy" in her role at the NYDFS.
2021-9-1 20:15 | |
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While the Fed governor isn’t concerned about the “eye-popping price increases” in the housing market, saying, “I don't think any of this is financial excess,” Christopher Waller sees crypto as odd assets.
2021-8-28 17:31 | |
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The Bank of Thailand (BOT) has revealed that it plans to develop and test its retail CBDC in the second quarter of 2022. This development was revealed by Vachira Arromdee, the assistant governor of BOT’s Financial Markets Operation Group.
2021-8-19 19:00 | |
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Bank of England Deputy Governor Jon Cunliffe believes that cryptocurrencies are not big enough to pose financial stability risk. “They’re not of the size that they would cause financial stability risk, and they’re not connected deeply into the standing financial system,” said the deputy governor.
2021-7-18 06:30 | |
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Jon Cunliffe, the Deputy Governor of the Bank of England (BoE), has come out to disclose that cryptocurrencies do not pose an immediate threat to financial stability. Cunliffe unveiled this news during an interview on July 14, saying the crypto sector is not big enough to pose a systemic risk to the global financial system.
2021-7-16 21:32 | |
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The Bank of Israel Deputy Governor is also more concerned about financial stability, citing the rush to cryptos than inflation as such “enough reasons to be patient” with monetary policy and to allow it to be accommodative enough to continue to support the economy.
2021-7-8 19:28 | |
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François Villeroy de Galhau, the Governor of the French Central Bank, Banque de France, has called upon Europe to introduce a regulatory framework for cryptocurrencies. A report unveiled this news on June 29, citing Galhau, who spoke during the Paris EUROPLACE Annual Financial conference.
2021-7-6 13:14 | |
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Russia’s central bank governor, Elvira Nabiullina, believes that digital currencies will be the future of financial systems as the country’s economy moves more online. The post Russia’s Central Bank Governor: CBDC Is Future for Country’s Financial System appeared first on BeInCrypto.
2021-6-3 23:17 | |
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Russia’s Central Bank Chief Elvira Nabiullina said her country's decision to create a central bank digital currencies (CBDC) is due to its perceived benefits. Digital Ruble Prototype Would Be Launched This Year Speaking in a CNBC interview, the apex bank governor said Russia aims to roll out its Digital Ruble prototype by the end of […] The post Russia’s Central Bank Chief Says CBDCs Are Necessary For Financial Systems first appeared on BitcoinExchangeGuide.
2021-6-3 20:36 | |
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The Bank of Korea (BoK) has come out to warn that the increasing cases of leveraged crypto trading by South Korean citizens pose a significant threat to the country’s financial system. A report unveiled this news on May 27, citing remarks from BoK’s governor, Lee Ju-yeol, who spoke after a monetary policy committee meeting yesterday.
2021-5-28 18:31 | |
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In an effort to bring the state of Nebraska to the forefront of national financial regulatory innovation, Governor Pete Ricketts signed into law today Legislative Bill 649, also known...
2021-5-26 14:49 | |
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Bank of England Governor Andrew Bailey continues to share his concerns about digital currencies. This time, he is warning about the danger of “getting carried away” with financial innovation. “I don’t want to be seen as a Luddite,” Bailey said on Monday in response to questions in the Treasury Committee in Parliament.
2021-5-26 18:10 | |
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On Wednesday, Governor Shaktikanta Das said that India’s central bank has “major concerns” about cryptocurrencies. He flagged potential risks leading to financial stability. Crypto Adoption Woes The Reserve Bank of India (RBI) has been fundamentally opposed to cryptocurrencies ahead of the government’s plans to introduce a law to ban this form of assets and instituteRead More
2021-2-25 00:00 | |
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An Outright Ban Won’t Solve Much Nigerian lawmakers have summoned the country's Central Bank Governor and the head of the Securities and Exchange Commission, Nigerian Tribune reports. The decision came following a session concerning the recent crypto ban that was announced by the Central Bank last week.
2021-2-12 17:39 | |
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The Canadian central bank would be a better steward of financial data than private stablecoin issuers, according to one deputy governor.
2021-2-10 20:11 | |
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Despite being worried about consumer protection, the central banker is confident that Bitcoin is no threat to financial stability.
2021-1-29 16:36 | |
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China’s former head of the central bank said digital yuan could be useful for cross-border trade and support its efforts to promote yuan as an international currency. Zhou Xiaochuan, who stepped down as governor of the PBOC in 2018, spoke at the Shanghai Financial Forum on Friday.
2020-12-15 00:31 | |
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Lebanon's central bank governor says the country, whose lira has been in freefall, is preparing to launch a digital currency in 2021.
2020-11-11 19:21 | |
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Chen Yulu, deputy governor of the People's Bank of China, said over the weekend the digital yuan project should be accelerated as an important part of the nation's financial infrastructure.
2020-10-12 16:18 | |
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The now-renamed California department responsible for the regulation of financial services will soon have more powers to supervise the cryptocurrency industry.
2020-9-29 12:19 | |
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In a speech given on Thursday, Lael Brainard, the Federal Reserve governor canvassed on various financial issues in the United States and the world and the issue of stablecoin like Libra was raised. The Facebook led project that was launched last year with lots of publicity, has been said to fuel the clamor by central […]
2020-8-7 22:58 | |
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Financial regulators in Hawaii have introduced a regulatory sandbox for cryptocurrency businesses in the State as a way of developing clear-cut laws for the emerging digital economy. Two-Year Sandbox for Cryptocurrency Firms in Hawaii Hawaii’s governor’s office released a press statement on Tuesday (March 17, 2020) announcing the creation of the regulatory sandbox for cryptocurrencyRead MoreRead More.
2020-3-20 22:00 | |
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The Bank of England's Deputy Governor of Financial Stability discussed Central Bank Digital Currencies (CBDC), stablecoins and cryptocurrencies. Delivering the speech was Sir Jon Cunliffe at the London School of Economics.
2020-3-4 19:30 | |
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New York’s governor Andrew Cuomo wants the Department of Financial Services (NYDFS) to have more power when it comes to regulating licensed entities, cryptocurrency startups included. Presenting his “state of the state” plan for 2020 on Wednesday, he published 321 pages of proposals that include a new perspective on existing exemptions some consumer financial services […]
2020-1-9 21:19 | |
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New York Governor Andrew Cuomo argues that crypto entities licensed under the Financial Services Law should pay for NYDFS oversight
2020-1-10 20:43 | |
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