2023-3-7 23:07 |
Former SEC attorney John Reed Stark has warned that Binance, the world's largest cryptocurrency exchange, could face an "epic bank run" due to its lack of US regulatory oversight
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Silvergate Bank announced it would delay the filing of its annual report on Wednesday, causing shares to plummet in after-hours trading.
2023-3-2 01:00 | |
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Gazprombank said the Russian central bank digital currency (CBDC) has to be launched gradually and carefully to minimize the losses banks will face as a consequence, Russian news outlet RBC reported February 7.
2023-2-8 17:30 | |
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Metropolitan Holding Corp will shutter its crypto vertical as banks' crypto business lines face increasing scrutiny. The post Metropolitan Bank Calls It Quits on Crypto Following Silvergate Scare appeared first on BeInCrypto.
2023-1-10 20:25 | |
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The largest crypto exchange in the world, Binance has experienced the most significant Bitcoin withdrawal in its history, per recent data. The company might face a bank run as crypto investors’ confidence continues to decline following the collapse of trading venue FTX and a U.
2022-12-14 21:57 | |
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Major centralized crypto-for-fiat lenders have failed due to price driven liquidity crises. Other crypto-for-fiat lending solutions exist that do not face similar risk. Pool-to-peer lending...
2022-7-16 07:44 | |
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A representative of the Central Bank of Russia (CBR) said private stablecoins are fraught with risks as the underlying pool of assets “does not belong to the owner. ” In turn, this potentially means face value redemptions are not guaranteed.
2022-7-15 18:00 | |
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European Central Bank has very hawkish view on crypto; even DeFi holders can get regulated
2022-7-12 19:03 | |
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Ben Delo pleaded guilty to charges of violating the Bank Secrecy Act earlier this year.
2022-6-16 01:18 | |
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The researchers from BIS and the World Bank identify common factors across nine central banks that face a variety of different challenges.
2022-4-13 23:15 | |
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There are a bunch of rules that you need to follow, regulator Cathie Armour said talking about the country's policies.
2022-4-7 14:51 | |
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Matt Comyn, Chief Executive Officer of Commonwealth Bank of Australia, says one of the most significant risks banks face regarding cryptocurrencies is FOMO, being left out of the market. While crypto assets are “very volatile and speculative,” banks need to trade them due to the insatiable demand from customers and be involved in the adoption […] The post There Are “Bigger Risks in Not Participating” in Crypto, says CEO of Australia’s Biggest Bank first appeared on BitcoinExchangeGuide.
2021-11-20 17:41 | |
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Per a Bloomberg report, executives from Tether Limited, the company behind stablecoin USDT, could face a criminal probe for alleged bank fraud. The investigation is currently ongoing with the U. S.
2021-7-26 18:29 | |
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The central bank’s reported caution to banks has seen most of them sever ties… The post Indian Crypto Exchanges Face Financial Troubles As RBI ‘Warns’ Banks appeared first on Coin Journal.
2021-7-1 15:27 | |
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The Swedish central bank’s governor says bitcoin will face tougher regulation given its sheer popularity that continues to grow. “When something gets big enough, things like consumer interests and money laundering come into play,” said Stefan Ingves, Governor of the Riksbank.
2021-6-2 03:00 | |
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Arthur Hayes, founder and former CEO of BitMEX, finally surrendered to U. S. authorities in Hawaii to face charges that the crypto derivatives exchange and its executives violated the Bank Secrecy Act, according to a Bloomberg report.
2021-4-7 17:35 | |
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Agustin Carstens, the general manager at the Bank of International Settlements (BIS), has claimed that cryptocurrencies are “used to evade laws and should therefore face more regulation.” Carstens, who has attacked bitcoin in the past, suggests that many crypto assets are “used to do some arbitrage, or to circumvent some regulations.” Carstens Repeats the Same […]
2021-3-27 15:15 | |
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As we reported earlier, the Central Bank of Nigeria has warned that henceforth, all financial institutions facilitating all forms of cryptocurrency transactions in the country will face the rot of regulatory bodies.
2021-2-6 19:03 | |
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European Commission and European Central Bank (ECB) have come together to issue a joint statement about the possibility of issuing a digital euro. Both entities reiterated the fact that the digital cuThe post Digital euro to face review by 2 institutions, before possible launch in mid-2021 appeared first on AMBCrypto.
2021-1-20 19:00 | |
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In this episode of "Fed Watch," the hosts discuss the world's three major central banks and their actions in the face of economic turmoil. The post Video: Central Bank Woes appeared first on Bitcoin Magazine.
2020-12-17 00:21 | |
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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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Wall Street bank JPMorgan has surprisingly turned bullish on bitcoin’s medium to long-term growth potential. In its latest Flows & Liquidity report, JPMorgan reportedly stated that bitcoin will compete favorably with gold as an alternative currency in the coming years, as millennials take up a larger share of the total investment picture.
2020-10-24 21:00 | |
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Cryptocurrency derivatives trading platform Bitmex has been charged with illegally operating in the U. S. Concurrently, its executives, including CEO Arthur Hayes, have been charged with violations of the Bank Secrecy Act and are facing prison sentences.
2020-10-3 14:00 | |
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Dutch authorities have told crypto exchanges to be ready to comply with tougher anti-money laundering (AML) laws or face mandatory shutdowns. DNB Gives Crypto Exchanges Two Weeks Ultimatum In a press release published by the Netherlands’ central bank, De Nederlandsche Bank (DNB), on Monday (May 4, 2020), crypto exchanges operating in the country were givenRead MoreRead More.
2020-5-7 23:00 | |
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The US economy could face 18 months of rolling shutdowns without an effective vaccine for the novel coronavirus as the outbreak flares up again, said Federal Reserve Bank of Minneapolis President Neel Kashkari.
2020-4-14 20:26 | |
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The People's Bank of China is getting nearer to releasing its digital currency, reports The Global Times. According to the latest report, China’s central bank in collaboration with private companies has completed the development of the basic function of the autonomous digital currency and is now drafting laws for its circulation. Many companies in the […]
2020-3-24 18:23 | |
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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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The upcoming fifth Anti-Money Laundering Directive (AMLD5) within the European Union (EU) has already spelled the end for smaller crypto firms on the continent. In the latest, however, a secret memo between the Dutch Central Bank and the Minister of Finance indicates that crypto companies in Holland may face additional rules that go beyond what […] The post Smoking Gun: Dutch central bank caught overreaching in local crypto businesses appeared first on CryptoSlate.
2019-12-19 12:00 | |
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Bitcoin can still be a hedge against failing fiat. This is especially true in the face of the latest fiat injection plans put forward by the Fed. FED to Inject Double Crypto Market Cap by Year-End The US central bank is ramping up is repo operation efforts with billions more planned to enter the financial system before the end of the year.
2019-12-17 19:34 | |
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Lithuania’s central bank suggested that banks should face the perceived risks of digital currencies and join the digital asset space to preserve control
2019-12-11 15:20 | |
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Conceived as an alternative to traditional financial and banking solutions, cryptocurrencies have come a long way. However, despite mainstream recognition, there remain many, both in governments and mThe post Nigeria's Bitcoin interest flies in the face of Central Bank's caution appeared first on AMBCrypto.
2019-12-9 18:06 | |
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Banks in Europe are facing an existential threat that could soon spread to the U. S. , particularly if Donald Trump gropes his way toward zero interest rates. There will be few who would feel any sympathy if banks do begin to collapse.
2019-10-21 20:05 | |
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I’m a cisgender white male. I can unlock my phone, sign into my bank account, and breeze through border patrol check points using my face with 98 percent accuracy. Facial recognition software is great for people who look like me.
2019-10-18 22:19 | |
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Bitcoin proponents are raising awareness of fiat currency alternatives for Zimbabweans after the country’s central bank suddenly banned a popular payment option. Central Bank Halts Mobile Cash Overnight As local news outlet TechZim reported on September 30, the Reserve Bank of Zimbabwe (RBZ) has shut down so-called cash-in, cash-out transactions.
2019-10-1 19:00 | |
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Facebook is set to go through another round of extreme questioning as it goes ahead with the plans to launch its controversial cryptocurrency Libra. The tech giant will face representatives of twenty-six central banks, including the Federal Reserve and the European Central Bank (ECB, in Basel, Switzerland, on Monday.
2019-9-17 11:36 | |
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Cryptocurrency businesses from outside the European Union will need to be white-listed to operate in Holland, based on the demands of the Central Bank. Holland may help to change the face of the European crypto business, by ushering in a new regime from early 2020.
2019-9-12 20:30 | |
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Despite escalating regulatory concerns from the governments of the world, Facebook appears to be pressing on with its global bank ambitions. This week the social media giant made moves to seek a payments license for Libra from Switzerland while the US Treasury warned that it would face tough standards.
2019-9-11 11:31 | |
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Facebook’s Libra continues to face resistance from institutions across the globe. Yves Mersch, ECB Board Member, was the new entrant to join the list of Libra’s critics. Yves Mersch, who is a former Governor of Luxembourg Central Bank, believed that the proposed virtual asset’s launch could weaken European Bank’s ability to introduce monetary policies and […] The post Libra’s launch could weaken ECB’s ability to set financial policies, says ECB Board Member appeared first on AMBCrypto.
2019-9-2 15:13 | |
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China’s leading online payment platforms will face fierce competition from both the PBOC coin and Facebook’s Libra
2019-8-19 09:12 | |
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On July 15, the Bank of England revealed Alan Turing, a pioneer of computer science and artificial intelligence, will be the face of the new of Turing’s photo. While the number might seem random at first, it actually contains a piece of information about Turing’s life, as spotted by eagle-eyed Twitter users.
2019-7-16 17:17 | |
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China should revamp its plan for a national digital currency in the face of Facebook's Libra cryptocurrency, says the central bank's former head.
2019-7-11 16:22 | |
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It’s been a week since Facebook’s entry into the cryptocurrency and payments world was announced. Since then, a lot has happened. From the Libra lead, David Marcus, talking about shared internal governance control over the cryptocurrency, to the regulatory uncertainty the crypto may face with politicians around the world taking a shot at the it, […] The post Facebook’s Libra finds itself in the crosshairs of the Central Bank of Central Banks appeared first on AMBCrypto.
2019-6-24 09:55 | |
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Facebook's Libra coin will face a regulatory "hurricane," warn otherwise-bullish analysts at investment bank Canaccord.
2019-6-19 18:10 | |
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By CCN Markets: Dow Jones futures rose on Tuesday, but money managers on Wall Street aren’t convinced the stock market rally has longevity. Billion-dollar investors are pulling money out of stocks and piling into cash, according to a survey by Bank of America Merrill Lynch.
2019-6-18 14:47 | |
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By CCN: Russia is reportedly considering the implementation of a gold-backed cryptocurrency, according to Russian news outlet Tass. Immutability and censorship-resistance are useful for governments in certain instances, such as conducting international trade in the face of sanctions.
2019-5-24 22:55 | |
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By CCN: An emerging economy which expects to attract $5. 8 billion worth of Foreign Direct Investments is belittling its goals with an anti-technology stance. Myanmar is the latest developing country that is hinting to shut doors in the face of bitcoin, a decade-old global cryptocurrency which proposes to replace banks with a decentralized network of transaction validators and bookkeepers.
2019-5-20 12:10 | |
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The Reserve Bank of Australia has spent most of the day wiping proverbial egg off its face today as it emerged that the latest run of A$50 notes it has printed has a rather embarrassing typo on them.
2019-5-10 00:00 | |
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The World Bank published a blog addressing the need for a faster, innovative, and upgraded remittance system, suggesting that industry incumbents were working on a solution for cross-border payments.
2019-3-29 09:50 | |
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JPMorgan Coin (JPMCoin), Ripple, XRP — JPMorgan Chase, one of the world’s largest financial institutions and recognizable Wall Street bank, created a stir this week with the announcement of the JPMCoin.
2019-2-18 20:15 | |
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Brazilian crypto exchange Bitblue and its owners face the closure of the accounts in major local bank Bradesco
2019-2-15 16:59 | |
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