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Egypt Limits Bank and ATM Withdrawals Citing Rampant Cash Outflow and Coronavirus Fears
On Sunday, the Central Bank of Egypt (CBE) announced it had instructed financial institutions in the country to put withdrawal limits in place for cash. Regional reports disclose that Egyptian residents can only withdraw 10,000 Egyptian pounds ($640) and businesses can only withdraw 50,000 pounds ($3,200). дальше »
2020-3-31 21:45 | |
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Major South Korean Bank Prepares to Launch Crypto Services as Government Green-Lights Regulation
Following the approval of a regulatory framework for cryptocurrencies by the South Korean government, one of the largest banks in the country is preparing to launch a range of crypto services. KB Kookmin Bank has applied for trademark registration, reportedly listing over 20 crypto services on its application. дальше »
2020-3-28 11:30 | |
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South Korea Banking Giant Plans to Launch Crypto Custody Service
KB Kookmin Bank, South Korea’s largest bank, is planning to launch a crypto custodial service known as KB Digital Asset Custody (KBDAC). The entry of the South Korean financial giant into the crypto market could spark widespread adoption across financial institutions in the country. дальше »
2020-3-28 22:00 | |
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Siam Commercial Bank Drives Innovation and Customer Growth With Help From Ripple
According to a 2019 report, Thailand ranks first in the world for mobile banking users. One of the reasons for this achievement is Siam Commercial Bank (SCB), which has spearheaded digital banking in the country over the past decade. дальше »
2020-3-26 20:53 | |
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1.2 Million Italians Can Now Buy Bitcoin From Their Bank
Buying bitcoin just got easier for Italians. The country’s mobile bank Hype has announced a partnership with fintech startup Conio, enabling customers to buy, sell, and securely store BTC from within their banking app. дальше »
2020-3-22 13:12 | |
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Maduro Orders Venezuelan Bank Closures Amid Coronavirus Scare
In order to combat the coronavirus outbreak in Venezuela, President Nicolás Maduro has ordered the entire country to quarantine themselves. With an inflation rate that rises more than 10,000% per year, the country’s citizens have already been dealing with economic turmoil. дальше »
2020-3-19 19:00 | |
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Russian Central Bank Admits It Can’t Ban Bitcoin
The Director of the Bank of Russia’s legal department has admitted that Bitcoin and other cryptocurrencies cannot realistically ever be banned in the country. Although cryptocurrencies are not exactly legal in Russia, it seems like they won’t ever be banned, either. дальше »
2020-3-18 16:15 | |
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Zimbabwe: Central Bank Set to Introduce Regulatory Sandbox for Cryptocurrency
Zimbabwe’s central bank, the Reserve Bank of Zimbabwe (RBZ) is making plans to regulate the cryptocurrency industry, as there is a draft policy framework underway. A robust regulatory framework in place will see the development of the crypto sector in the country. дальше »
2020-3-17 21:00 | |
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Yes Bank Disaster Underscores India’s Need for Digital Currencies
India’s financial sector has been experiencing a fair amount of trouble lately, as the private bank, Yes Bank, suffers from $2.5 billion in unpaid loans. The country’s officials have introduced measures to curtail negative effects on the market stemming from local and global incidents, but a better solution would be to introduce digital assets, for […] The post Yes Bank Disaster Underscores India’s Need for Digital Currencies appeared first on BeInCrypto. дальше »
2020-3-16 16:10 | |
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India: SC's judgement, not the 'blanket green signal' it appears to be
India's top court quashed Reserve Bank of India's [RBI] ban on cryptocurrency trading in the country on March 4, 2020, referring to RBI order as “unconstitutional." While the Indian crypto communityThe post India: SC's judgement, not the 'blanket green signal' it appears to be appeared first on AMBCrypto. дальше »
2020-3-16 15:00 | |
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India lifts ban on Bitcoin
India's supreme court lifted the two-year cryptocurrency ban last week, quashing an April 2018 order by the country's central bank that prohibited financial institutions from providing services "in relation to virtual currencies." дальше »
2020-3-10 20:00 | |
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PBoC Secures $4.7M Funding for its Blockchain Trade Finance Platform From Chinese Govt
The People’s Bank of China (PBoC) has secured a funding of 32. 5 million yuan ($4. 7 million) for its blockchain trade finance platform for key research and development projects. The country’s central bank has been spearheading this platform that was launched in Sept. дальше »
2020-3-10 22:09 | |
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RBI Files Petition To Review Supreme Court’s Crypto Ruling As Indian Exchanges Resume Fiat Deposits
Two days ago, the Supreme Court overturned the Reserve Bank of India’s cryptocurrency ban after determining that the decision was unconstitutional. This ruling was viewed as a major win for the cryptocurrency industry in the world’s second-most populous country. дальше »
2020-3-7 19:39 | |
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Ethereum's Buterin: Digitization is inevitable, with or without blockchain
Central governments across the globe are currently mulling over the need for a central bank digital currency [CBDC]. All thanks to China, for it was the first country to research and accelerate its efThe post Ethereum's Buterin: Digitization is inevitable, with or without blockchain appeared first on AMBCrypto. дальше »
2020-3-5 21:30 | |
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India: Bitcoin's $870,000 weekly P2P volume sets stage for crypto-resurgence
On 4 March, the Supreme Court of India ruled that the ban imposed by the country's central bank, the Reserve Bank of India [RBI], on banks working with cryptocurrency service providers was "unconstituThe post India: Bitcoin's $870,000 weekly P2P volume sets stage for crypto-resurgence appeared first on AMBCrypto. дальше »
2020-3-5 17:30 | |
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Bullish Signal: South Korean Parliament Passes Law That Fully Legalizes Cryptocurrency Holding And Trading
Yesterday, India’s Supreme Court quashed the Central bank’s crypto ban that was curtailing cryptocurrency trading in the country. The crypto community perceived this as a big adoption boost for bitcoin and cryptocurrencies in general. дальше »
2020-3-6 16:14 | |
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After Court Victory, Indian Exchanges Gear Up for Crypto Trading Surge
Indian Supreme Court’s decision to lift the central bank’s ban on cryptocurrency trading could soon translate into notable growth in trading volumes, according to cryptocurrency exchanges in the country. дальше »
2020-3-4 21:06 | |
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Forget RBI, Indian Bitcoin Community’s Biggest Obstacle is Modi Govt
Bitcoin exchanges in India emerged as winners in a two-year-long court battle against the country’s central bank. The Supreme Court of India in its Wednesday verdict lifted curbs that effectively banished the trade of cryptocurrencies in the country. дальше »
2020-3-5 21:06 | |
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Huge Win For Crypto Community In India As Supreme Court Lifts RBI’s Ban On Cryptocurrency Trading
On March 4, India’s Supreme court struck off a ban that prohibited cryptocurrency trading in the country. The ban was imposed in April 2018 by the Reserve Bank of India (RBI), effectively barring the buying and selling of cryptocurrencies like bitcoin and ethereum. дальше »
2020-3-4 14:58 | |
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Indian Supreme Court Says No to Central Bank’s Crypto Ban
After many months of uncertainty, Indian cryptocurrency investors can finally breathe a huge sigh of relief as the Indian Supreme Court has struck down the Reserve Bank of India’s banking ban for cryptocurrency entities in the country. дальше »
2020-3-4 10:43 | |
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India’s Supreme Court Lifts Banking Ban on Crypto Exchanges
The Supreme Court of India has ruled against a decision imposed by the country’s central bank nearly two years ago that curbed crypto trading in Asia’s third-largest economy. According to a report from Bloomberg, a three-judge bench of the court ruled on Wednesday in favor of petitions by crypto exchanges and startups that opposed the […] дальше »
2020-3-4 09:56 | |
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Russia’s Central Bank Approves the Atomyze Crypto Asset
Russia remains a very unusual country when it comes to crypto assets. Following the launch of Atomyze, that situation may come to change in the near future. Big was people’s surprise when Vladimir Potanin introduced his vision of Atomyze. дальше »
2020-2-29 06:00 | |
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Bank of Canada Dismisses CBDC Interest; BoC is Developing A Prototype to Hedge Against Libra
Despite the reserved nature of Canadians, the country’s monetary authority has been keeping an openminded approach to researching the need for digital payments. The regulator has since identified two factors that might accelerate the launch of a Canadian CBDC. дальше »
2020-2-26 18:16 | |
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Japan’s Finance Ministry, Financial Services Agency, and BoJ To Research A CBDC Launch
Japan is the latest country to show interest in developing a central bank digital currency (CBDC) as the central bank, finance ministry and financial authorities meet to discuss digital currencies. As one of the top countries in crypto and blockchain development and regulation, accelerated efforts are being placed to develop an official digital coin to […] дальше »
2020-2-25 19:04 | |
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China’s Central Bank Clarifies It Does Not Want to Convert All Traditional Payments to Blockchain
The Digital Currency Research Institute within the People’s Bank of China has issued a statement further complicating our expectations for blockchain adoption in the country. There has been consistent media buzz surrounding China’s reorientation towards blockchain as an official state policy. дальше »
2020-2-22 11:18 | |
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South Korea’s Central Bank Set To Use Blockchain Technology For Bond Transactions
Bank of South Korea, the country’s central bank, has become the latest central bank to explore blockchain technology to enhance efficiency as well as transparency in interbanking processes. South Korea’s central bank is now seeking to emulate the World Bank which successfully introduced the use of blockchain technology in bond transactions. According to Cointelegraph the […] дальше »
2020-2-19 01:10 | |
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Cryptocurrency-Linked Bank Accounts in Russia May Be Frozen
The Russian Central Bank is flip-flopping on cryptocurrencies and now says that bank accounts linked to virtual assets may be blocked. The latest news comes from a new amendment to anti-money laundering (AML) guidelines in the country. дальше »
2020-2-17 14:20 | |
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This is Why Ripple’s (XRP) Agreement With National Bank of Egypt is a Big Deal
One of the most popular cryptocurrencies at the moment, Ripple, has managed to reach a cooperation agreement with National Bank of Egypt (NBE). NBE is considered the largest Egyptian bank at the moment and is officially the first such institution in the country to accept and explore blockchain technology. дальше »
2020-2-17 03:36 | |
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Bahamian Central Bank to Roll Out Digital Currency in H2 2020
Another tropical island country is set to get its own digital currency. The Bahamas’ Central Bank governor John Rolle yesterday confirmed that the digital Bahamian dollar will be rolled out by the second half of 2020. дальше »
2020-2-14 16:30 | |
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National Bank of Egypt Taps Ripple’s DLT for Cross-Border Payments
National Bank of Egypt (NBE), the country’s oldest and largest bank in terms of assets, has inked a strategic partnership deal with Ripple, the San Francisco-based blockchain project in charge of XRP. дальше »
2020-2-13 02:00 | |
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China Files 84 Patents For Central Bank Digital Currency
Reports of more than 80 digital payments-related patents filed by the People’s Bank of China (PBOC) is offering concrete proof of the country’s moves to launch a CBDC. China Serious About CBDC Issuance According to the Financial Times, China’s central bank has filed 84 patents relating to its plans to launch a digital currency electronic payments DCEP system. дальше »
2020-2-13 22:30 | |
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Ripple enters Egyptian market; signs cooperation agreement with country's oldest bank
Ripple has been taking significant steps towards providing its financial solutions all around the world, with a recent development expanding the firm's presence in one more country. The National Bank The post Ripple enters Egyptian market; signs cooperation agreement with country's oldest bank appeared first on AMBCrypto. дальше »
2020-2-12 11:55 | |
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UK's crypto start-up applies for banking license
UK government is in-between talks of tightening cryptocurrency regulations for some time now. Recently, a UK based start-up, DAG Global, has applied to become the country’s first bank for cryptocurrThe post UK's crypto start-up applies for banking license appeared first on AMBCrypto. дальше »
2020-2-11 02:00 | |
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Japan Looking to Push CBDC Agenda at G7 Summit in June
Japanese lawmakers want the government to push for talks on central bank digital currency (CBDC) during the next G7 summit holding in the summer. US Should Set CBDC Agenda for G7 Partners According to Reuters, a parliamentary group led by Akira Amari of Japan’s Liberal Democratic Party (LDP) wants the country’s government to consider issuingRead MoreRead More. дальше »
2020-2-7 14:00 | |
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Japanese Ruling Party Lawmakers Push For Crypto Yen Launch
Reports are emerging that Japan has been urged to accelerate its central bank digital currency development in order to compete with China. Crypto Yen in 2020? According to Reuters a group of Japanese ruling party lawmakers has urged the government to issue the country’s own crypto currency. дальше »
2020-2-7 13:00 | |
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Federal Reserve Governor: U.S. Fed Examining Potential of U.S. Digital Currency
According to a Bloomberg report published on February 5, 2020, U. S. Federal Reserve Governor, Lael Brainard noted that the country’s central bank is studying the feasibility of a central bank digital currency (CBDC). дальше »
2020-2-6 18:00 | |
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Bank of Korea Sees No Reason for Central Bank Digital Currency
Bank of Korea sees no need to generate a Central Bank Digital Currency (CBDC), an official shared the regulator’s position. Despite the overwhelming presence of cryptocurrency projects in South Korea, the country’s central bank is skeptical of the drive for CBDCs. дальше »
2020-2-7 17:00 | |
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Bitcoin Could Help Mexican Families Save More After Record-Breaking Year in Remittance Industry
Mexico’s central bank has released information that shows the country’s migrant workers sent a record $36 billion to their family and friends in 2019, roughly a $2. 5 billion increase from the year before. дальше »
2020-2-6 06:16 | |
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Japan Must Be Ready to Issue CBDC If the Need Arises, Says BOJ Deputy Governor
With Japanese lawmakers pushing for a digital yen, Masayoshi Amamiya, deputy governor of the country’s central bank says Japan needs an agile action plan for a central bank digital currency (CBDC). No immediate Plans to Launch Digital According to Reuters, Amamiya says the Bank of Japan (BOJ) has no immediate plans to launch a CBDC. дальше »
2020-1-31 02:00 | |
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Japan ‘Must Be Prepared’ To Launch A CBDC If Public Demand Increases: BoJ Official
According to a Bank of Japan’s (BoJ) deputy governor, the country needs to keep on doing research on what issuing a central bank digital currency (CBDC) would mean, even if a launch is not yet in the cards. дальше »
2020-1-31 20:23 | |
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Cambodia to Launch Digital Currency with Support of 11 Banks
Two years after reports of a Cambodian cryptocurrency, the country is set to launch a central bank digital currency (CBDC) payment system. Project Bakong to Feature Centralized Digital Currency According to Cambodian daily Phnom Penh Post, the country’s central bank is set to roll out “Project Bakong,” a blockchain-powered money transfer platform that features a CBDC. дальше »
2020-1-31 17:00 | |
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Nedbank Not Looking to Shut Down Crypto Exchange Bank Accounts
Contrary to reports, prominent South African bank, Nedbank is not considering closing down accounts belonging to crypto exchanges in the country. Nedbank Not Taking New Digital Asset Exchange Customers According to South African crypto news outlet SACrypto, reports stating that Nedbank is planning to shut down bank accounts of crypto exchanges are false. дальше »
2020-1-26 14:00 | |
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Bahrain Becomes Next Country to Trial Digital Currency
The central bank of Bahrain is the first to pilot a new toolkit developed by the world economic forum. This toolkit will help Bahrain’s central bank determine if a Central Bank Digital Currency (CBDC) is the right fit for the gulf kingdom. дальше »
2020-1-24 17:00 | |
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Here's when and why a country will issue a CBDC
Looking at what went down last year, there’s no surprise that central bank issued digital currencies [CBDCs] are on the agenda at the World Economic Forum [WEF] in Davos Switzerland. What’s intereThe post Here's when and why a country will issue a CBDC appeared first on AMBCrypto. дальше »
2020-1-23 19:30 | |
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RBI Argues Against Crypto Utility in India
The Reserve Bank of India (RBI) says citizens do not need cryptos as the country’s mainstream financial framework already has working solutions for cross-border remittances. The Indian central bank also clarified the legal situation of cryptocurrencies in the country, stating that there is no ban on virtual currencies. дальше »
2020-1-23 20:00 | |
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6 Bankers Accused of Earning €30M in Bonuses From German Fraud, Tax Lawyer Out on €4M Bail
Former bank employees have received bonuses worth millions of euros in an illegal trading scheme that also involved a tax lawyer, prosecutors in Frankfurt revealed this week. The case is part of multiple investigations carried out across Germany, the hardest hit country in a notorious tax fraud scandal known as the Cum-ex Files. дальше »
2020-1-22 19:40 | |
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India’s Central Bank Asserts Cryptocurrencies Have Not Been Banned
India’s central bank, the Reserve Bank of India (RBI), has clarified that it has not prohibited cryptocurrencies in the country. Rather, authorities are focused on enacting regulations to prevent illegal financial activities. дальше »
2020-1-22 13:48 | |
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