Fed Paper: Central Bank Digital Currencies Could Replace Commercial Banks – But at a Cost

2020-6-6 11:13

The research explores how "central banking for all" via digital currency could affect commercial banks.

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commercial banks digital could central banking explores

commercial banks → Результатов: 122


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India’s Central Bank Denies Prohibiting Financial Institutions from Servicing Cryptocurrency Exchanges

Indian commercial banks refusing services to local cryptocurrency exchanges may soon have a case to answer following a recent clarification offered by its central bank. Tweeting on Sunday, Indian crypto insider Crypto Kanoon (@cryptokanoon) published a document released by the Reserve Bank of India (RBI) stating that no prohibitions against banks servicing crypto-businesses exist.

2020-5-27 07:15


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Hierarchies of Money: Why You Use Bank Money But the Bank Wants Reserve Currency

While people tend to think of money as being all the same, the fact is governments and banks use different types of money than the everyday individual. From the top of the economic pyramid of world reserve currencies, down through central bank and commercial bank money, the capacities and function of different kinds of money […] The post Hierarchies of Money: Why You Use Bank Money But the Bank Wants Reserve Currency appeared first on Bitcoin News.

2020-1-31 21:00


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Mastercard Partners with Bahrain Financial Network for Blockchain-Based Payment Solution

According to a press release from Trade Arabia, July 30, 2019, Mastercard and the Bahrain Electronic Network for Financial Transactions (Benefit), the only financial network in the Kingdom of Bahrain handling ATM and POS transactions, have established a partnership to provide a blockchain solution for banks to enable cross-border commercial payments.

2019-7-31 09:00


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Korea’s ‘Big 4’ Bitcoin Exchanges Facing Strict AML Scrutiny from Banks

The latest news emerging from South Korea indicates that Bitcoin exchanges are facing a surprisingly increased level of scrutiny of commercial banks amid the renewal of banking services. The revelation comes as the intergovernmental Financial Action Task Force (FATF) continues to urge countries to enact stricter regulatory controls over the crypto industry.

2019-7-30 13:00


Bitmex CEO: Libra Will Destroy Traditional Commercial Banks And PayPal Is Screwed Anyway

Reactions have continued to trail Facebook’s official announcement of its own digital asset called the Libra and its governing body, The Libra Association. Since the announcement was made and its whitepaper released, reactions have been mostly mixed with some applauding the move as a huge win for the cryptocurrency sector because a giant player like […]

2019-7-11 17:24


Central Bank Crypto Could Damage Entire Economies, Warns Bank of Japan

The deputy governor of the Bank of Japan, Masayoshi Amamiya, has warned that the creation of crypto by central banks could have a negative impact on economies, Reuters reports. According to Amamiya, Central Bank Digital Currencies (CBDCs) had the potential to take away the credit channels of commercial banks if they managed to replace private […] The post Central Bank Crypto Could Damage Entire Economies, Warns Bank of Japan appeared first on CCN Markets

2019-7-6 17:36


Weiss Ratings: Libra occupies the ‘gray area’ between sovereign and decentralised currency

Libra, at the moment, is the “hot potato” of the cryptocurrency world. Anyone and everyone is leaping onto the Facebook cryptocurrency bandwagon and voicing their ‘expert’ opinion, with views ranging from “it’s going to destroy commercial and central banks,” to “regulators will ensure it crash-lands before it takes off.

2019-7-5 12:30


Siam Commercial Bank goes back on its word; says it has ‘no plan on using XRP’

One of Thailand’s oldest banks, Siam Commercial Bank, made news after it previously hinted at the use of XRP token, via a tweet from their official Twitter handle. However, the tweet was deleted a few hours later, with the bank later issuing another statement which said that SCB will not be using XRP, as of […] The post Siam Commercial Bank goes back on its word; says it has ‘no plan on using XRP’ appeared first on AMBCrypto.

2019-6-7 17:00


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Laos Central Bank Wary of Cryptocurrencies’ Use in Money Laundering

The central bank of Laos has warned commercial banks, financial institutions, and investors not to buy, sell or use cryptocurrencies, reports local media outlet Vientiane Times, May 21, 2019. Laos Does Not Want Cryptocurrencies Laos’ central bank, the Bank of the Lao People’s Democratic Republic (PDR), has cautioned financial market players against digital currency transactionsRead MoreRead More.

2019-5-22 18:00