2019-2-11 16:53 |
Spain’s central bank has issued a reminder to citizens warning of the risks involved in transacting in crypto
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Coinspeaker First Citizens to Acquire Silicon Valley Bank after Striking Deal with FDIC First Citizens has acquired failed bank Silicon Valley and will open former SVB branches today as First Citizens Bank and Trust Company.
2023-3-28 13:38 | |
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First Citizens BancShares, the parent company of First Citizens Bank, has made a significant move in the world of banking by agreeing to acquire Silicon Valley Bank (SVB). The Federal Deposit Insurance Corporation (FDIC) confirmed the deal in a statement on Monday, as reported by Bloomberg.
2023-3-27 12:25 | |
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The Federal Deposit Insurance Corp. also acquired equity appreciation rights in the parent of First Citizens Bank, which is potentially worth up to $500 million.
2023-3-28 09:20 | |
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Raleigh, N.C.-based First Citizens is the 30th largest bank in the U.S., with $109 billion in assets, and recently completed an acquisition of New York-based commercial lender CIT.
2023-3-27 08:37 | |
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The Iran Blockchain Community, a local NGO dedicated to developing blockchain technology in the country, welcomed the Central Bank’s draft policy on cryptocurrencies as it could help citizens bypass the sanctions imposed by the U.
2019-2-5 19:00 | |
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As recently reported by news media, Iran’s new plan of developing a national cryptocurrency called the ‘Crypto-Rial’, has given the country a change of heart concerning cryptocurrencies such as Bitcoin and Ethereum.
2019-1-29 18:55 | |
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For bitcoin idealists, the coming utopia for global finance stars bitcoin dismantling the fiat hegemony, empowering citizens to own their money without central bank mediation, and facilitating borderless trade.
2019-1-23 15:25 | |
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German blockchain startup Bitwala has launched crypto banking in Germany. After securing ˆ4 million (roughly $4. 5 million) from VC firms Earlybird and Coparion in September of 2018 to develop a crypto banking solution, the company has allegedly amassed a waiting list of 30,000 potential users.
2018-12-13 22:32 | |
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The Central Bank of Iran has been cut off from the global monetary system, after the Swift banking network bowed to U. S. pressure. The move leaves Iran’s 81 million citizens financially excluded and facing serious economic consequences, amidst renewed U.
2018-11-9 19:10 | |
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The president of the National Association of Software and Services Companies (NASSCOM) Debjani Ghosh has publicly announced to Indian citizens that cryptocurrency is illegal, reports local news outlet The Hindu.
2018-10-29 02:21 | |
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The noise that surrounds economic relations between the United States and China is amping up exponentially. You can thank the latest trade wars for that, as fresh tensions boil over between the two nations who are currently trading new tariffs on imports, with no shortage of ill will underpinning the moves.
2018-10-10 23:38 | |
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Sweden’s central bank is discussing introducing a controversial new measure that will further deter its citizens from saving. The oxymoronic “negative interest” on tax accounts is technically designed to stimulate the economy.
2018-10-7 12:50 | |
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Seba Crypto AG (SEBA) has raised 100 million Swiss francs ($103 million) for the creation of a regulated bank that lets customers trade fiat for digital currency. The Zug-based startup is headed by former UBS managers Guido Buehler, who serves as CEO, and Andreas Amschwand, who serves as chairman.
2018-9-27 22:14 | |
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The People’s Bank of China (PBOC) on Tuesday issued another notice to the citizens, urging them to beware of the risks in investing in cryptocurrencies and initial coin offerings (ICOs). The latest public notice comes from the Shanghai branch of the PBOC, which sought to “remind” consumers and investors to be aware of the risks of […] Chinese Central Bank Issues Another Notice Against ICOs and Crypto Trading was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.
2018-9-21 23:49 | |
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The People’s Bank of China (PBoC) has issued a new warning to citizens regarding investments in initial coin offerings (ICOs) and cryptocurrencies, amidst reports detailing how Chinese citizens were bypassing the cryptocurrency restrictions.
2018-9-19 00:30 | |
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China’s central bank has issued a new public notice, warning citizens of the dangers of cryptocurrency and ICO investing. Despite government crackdowns culminating in a blanket ban on all ICOs, the People’s Bank of China (PBoC) admits that cryptocurrency trading activity among domestic investors using offshore exchanges continues to thrive.
2018-9-19 22:25 | |
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Cryptocurrency wallet and exchange, Abra, has announced the launch of support for customers holding Single Euro Payment Area (SEPA) bank accounts. The move allows the citizens of the 28 member states of the European Union, four member states of the European Free Trade Association (Iceland, Liechtenstein, Norway and Switzerland), and Andorra, Monaco, and San Marino, […] The post Abra Launches Services for SEPA Bank Account Holders appeared first on Bitcoin News.
2018-9-4 13:00 | |
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Andreas Antonopoulos has labeled plans from India’s central bank to create an identity-based national digital currency as “incredibly dangerous” as details emerge of a fresh crackdown on cash. ‘Democracy Dies’ In comments on Twitter August 30, the well-known cryptocurrency educator said India’s history of limiting cash availability to citizens and forcing through surveillance measures via its Aadhaar system would lead to the “death” of democracy.
2018-8-31 19:00 | |
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Hyperinflation in Venezuela is so bad, the nation’s Central Bank has released an Android app to help citizens calculate how many new sovereign bolivar units they possess. The release arrives after the national government re-denominated the old currency last week.
2018-8-28 13:00 | |
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A report by South Korea’s state-run Korea Development Bank (KDB) suggests that North Korea has been mining cryptocurrencies, according to local media. In addition, a technology firm in the country is developing an exchange platform for bitcoin, while average citizens of North Korea have little knowledge of cryptocurrency, the report claims.
2018-8-28 07:45 | |
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After recent drops in the price of bitcoin and other cryptocurrencies, the government's central bank felt the need to remind citizens of the risks of trading, both financial and legal.
2018-8-14 21:56 | |
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A report from local news outlet Dutch News published today, August 3rd, features new statements by representatives of the country’s central bank claiming that cryptocurrencies are neither real money nor a safe investment for the country’s citizens.
2018-8-4 15:45 | |
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A report from local news outlet Dutch News published today, August 3rd, features new statements by representatives of the country’s central bank claiming that cryptocurrencies are neither real money nor a safe investment for the country’s citizens.
2018-8-3 20:19 | |
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Canadian citizens used Bitcoin (BTC) mainly for investment purposes in 2017, according to a study by the Bank of Canada (BoC) published July 23. According to the survey results, Canadians have mainly used the major cryptocurrency for investment purposes in 2017, rather than for transactions, which previously had been cited as the main reason for
2018-7-24 09:14 | |
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The head of Iran's Blockchain Association, Sepehr Mohammadi, recently claimed that the US government has confiscated over 500 BTC from Iranian citizens traveling into and out of the country. In April, the Central Bank of Iran (CBI) banned banks and financial institutions in the country from dealing with cryptocurrencies. The CBI claimed that “All cryptocurrencies […]
2018-7-24 00:31 | |
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The EU’s Policy Department for Economic, Scientific and Quality of Life Policies released a report entitled “Virtual currencies and central banks monetary policy: challenges ahead.
2018-7-3 23:28 | |
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A new post on the Ripple website discusses how Ripple plan to enter the Indian remittance economy. Ripple recognise just how large scale remittance payments are in India, given that according to Ripple, over the past few years, India has been the largest receiver of remittance payments, in 2017 alone, $69 Billion flowed into India through remittance services.
2018-6-30 15:00 | |
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This week, leading South Korean crypto exchange Bithumb experienced a major hack, while Mt Gox, the most notorious exchange to be hacked in bitcoin history, is also back in the news.
2018-6-24 20:05 | |
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Earlier this week, the Bank of International Settlements (BIS) in Switzerland issued a new document as part of its annual economic report that warns citizens of the dangers of digital currencies.
2018-6-20 22:29 | |
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Regulation The government of Venezuela has started monitoring the bank accounts of its citizens for cryptocurrency-related transactions. Accounts found to contain crypto transactions at prices which the government considers to be “undermining the national currency” will be “severely punished,” Vice President Tareck El Aissami said. He revealed that, as part of Operation Paper Hands, “5
2018-6-15 15:42 | |
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The government of Venezuela has started monitoring the bank accounts of its citizens for cryptocurrency-related transactions. Accounts found to contain crypto transactions at prices which the government considers to be “undermining the national currency” will be “severely punished,” Vice President Tareck El Aissami said.
2018-6-15 13:50 | |
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]In a fresh new twist, the Reserve Bank of India (RBI) has admitted to issuing its ban on cryptocurrency-related accounts spontaneously, without taking time to study and understand how cryptocurrencies work.
2018-6-13 23:40 | |
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The Central Bank of Brazil has initiated the second phase of its central bank digital currency project, DREX, aiming to demonstrate trade finance as a new use case. In a press release on Nov. 19, Brazil’s central bank announced it…
According to the results of the 2023 BIS survey on central bank digital currencies and crypto, only 12% of central banks are planning to issue retail CBDCs in the mid-term. A recent survey by the Bank for International Settlements (BIS)…
The BOJ hiked the benchmark borrowing cost by 10 basis points, abandoning the prolonged negative interest rate policy.
From legal issues to hackers, launching a CBDC is fraught with risks, and BIS has a big list of them to consider.
NITDA chief Kashifu Inuwa Abdullahi said it’s crucial to take proactive measures to harness AI benefits and mitigate threats.
The answer again is regulation, although this time the suggested regulation looks a lot like central bank co-option.
The answer again is regulation, although this time, the suggested regulation looks a lot like central bank co-option.