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‘Very Specific Recommendations’ Crypto Deadline Scraped by G20 Forum
Cryptocurrencies will continue to receive a broadly hands-off approach from the G20 until at least October, a meeting of the forum confirmed July 21-22. A summary of interim decisions made by the dedicated Finance Ministers & Central Bank Governors (FATF) group sees any hard-and-fast regulatory steps regarding cryptoassets remain absent. The results follow a four-month дальше »
2018-7-23 17:36 | |
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Indian Crypto Regulation Ready by September: Official
The Indian government is expected to issue detailed cryptocurrency guidelines by September, a senior official from the country’s Ministry of Finance reportedly said. Consultations with all stakeholders including the central bank have already begun. дальше »
2018-7-23 17:35 | |
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G20 Ice October Timeline for Cryptosafe Payment Grade
G20 member countries are now looking at an October deadline for reviewing a global anti-money laundering (AML) standard on cryptocurrency, document shows. According to a statement issued on Sunday, finance ministers and central bank governors of the G20 member countries hosted a meeting during the weekend and reiterated their position on “vigilant” monitoring over cryptocurrency. дальше »
2018-7-23 11:24 | |
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Vietnam Central Bank Backs Call for a Ban on Cryptocurrency Miner Imports
The State Bank of Vietnam (SBV); the country’s central bank, has adopted the Finance Minister’s call for a prohibition on the importation of cryptocurrency mining rigs. SBV Sides with MoF and MoIT In June 2018, Vietnam’s Ministry of Finance (MoF) called for a ban on the importation of cryptocurrency mining rigs. Considering that cryptocurrencies are дальше »
2018-7-21 22:26 | |
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Vietnam Central Bank Supports Call for a Ban on Cryptocurrency Miner Imports
The State Bank of Vietnam (SBV); the country’s central bank, has adopted the Finance Minister’s call for a prohibition on the importation of cryptocurrency mining rigs. SBV Sides with MoF and MoIT In June 2018, Vietnam’s Ministry of Finance (MoF) called for a ban on the importation of cryptocurrency mining rigs. дальше »
2018-7-21 20:00 | |
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Ukraine’s Financial Stability Council Advances Cryptocurrency Legalization
The Ukraine is taking massive leaps to legalize cryptocurrency. There’s a new regulatory concept that recognizes tokens as financial instruments (as well as coins). The new concept won the support of high-up members in the Financial Stability Council of the country. дальше »
2018-7-21 12:32 | |
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Ukraine’s Financial Stability Council Supports Crypto Regulatory Concept
Ukraine has taken a positive step towards legalizing cryptocurrencies. A new regulatory concept, one that recognizes coins and tokens as financial instruments, has won support from the members of the country’s Financial Stability Council. дальше »
2018-7-21 02:10 | |
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Financial Stability Is the Focus of New FSB Monitoring Framework
Cryptocurrencies are getting more attention every day, it seems, as the Financial Stability Board (FSB) announced on Monday that it had put together a standardized framework with which to monitor cryptocurrency assets. дальше »
2018-7-19 18:00 | |
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Trio Of Finance Giants Apply For Blockchain-Related Patents
You get a patent application, you get a patent application, everybody gets a patent application! Bank of America, Wells Fargo, and Mastercard experiment with blockchains.
дальше »2018-7-19 22:11 | |
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UK Bank NatWest Joins TradeIX and R3 Marco Polo Blockchain Finance Platform
NatWest Joins R3 Blockchain Finance Platform Marco Polo Marco Polo is a trade finance network which was created by FinTech platform named as TradeIX and R3 an enterprise blockchain software firm. NatWest is a UK based bank which has announced that it has joined Marco Polo. дальше »
2018-7-18 20:32 | |
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Cryptocurrencies Pose No Threat to Global Finance but Require Vigilant Monitoring, Says FSB
In a press release issued on July 16 via its website, the Financial Stability Board (FSB) announced that cryptocurrencies do not pose a threat to the global financial system. FSB Partners with CPMI to Monitor Cryptocurrencies The purpose of the announcement was to apprise the G20 Finance Ministers and Central Bank Governors of the FSB’s activities concerning the emerging cryptocurrency industry. дальше »
2018-7-17 15:00 | |
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Financial Stability Board Unveils Cryptocurrency-Monitoring Framework, Cryptocurrencies Not Considered a Danger to Global Financial System
The Financial Stability Board (FSB) has unveiled its monitoring framework for cryptocurrencies. The FSB framework comes as the Finance Ministers and Central Bank Governors of the G20 member nations head for a summit in Buenos Aires, Argentina. дальше »
2018-7-17 09:27 | |
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Financial Stability Board Unveils Cryptocurrency-Monitoring Framework, Cryptocurrencies Not Considered a Danger to Global Financial System
The Financial Stability Board (FSB) has unveiled its monitoring framework for cryptocurrencies. The FSB framework comes as the Finance Ministers and Central Bank Governors of the G20 member nations head for a summit in Buenos Aires, Argentina. дальше »
2018-7-17 23:54 | |
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Hong Kong Launches the Largest Government-backed Blockchain-based Trade Platform
According to the Financial Times, Hong Kong’s Central Bank will be testing out a blockchain-based trade finance platform. The platform is linked to 21 different banks which include HSBC and Standard Chartered. дальше »
2018-7-17 22:53 | |
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Going Live by September Hong Kong’s Blockchain Trade Finance Platform
The Hong Kong Monetary Authority (HKMA), the autonomous Chinese territory’s de facto central bank, is poised to launch a live blockchain trade finance platform within two months. “The Trade Finance Platform is a blockchain project initiated by 7 banks in Hong Kong. дальше »
2018-7-16 20:37 | |
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Hong kong Block chain Finance Trade
Hong Kong’s de facto central bank will launch its own blockchain trade finance solution with 21 banks in August, Financial Times (FT) reported Sunday, July 15. The joint venture between the Hong Kong Monetary Authority and Chinese company Ping An Group’s fintech subsidiary OneConnect aims to substantially reduce paperwork, costs security risks for participants, FT дальше »
2018-7-16 18:36 | |
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Hong Kong Launches the Largest Government-backed Blockchain-based Trade Platform
According to the Financial Times, Hong Kong’s Central Bank will be testing out a blockchain-based trade finance platform. The platform is linked to 21 different banks which include HSBC and Standard Chartered. дальше »
2018-7-16 09:33 | |
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Tether Hires Former Anti-Money Laundering Manager as New CCO
Tether (USDT), cryptocurrency’s most popular stablecoin and the 9th-ranked cryptocurrency by market cap, announced today that they will be hiring former AML Quality Control Manager at Bank of Montreal, Leonardo Real, as the company’s new Chief Compliance Officer. дальше »
2018-7-14 09:27 | |
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Bit binance
Finance Crypto exchange Binance is working on a project to launch a decentralized bank bridging the crypto industry with conventional banking. Authorities in Valletta have welcomed the initiative that is expected to win support from other crypto investors as well. дальше »
2018-7-13 19:58 | |
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In Finance Malda, supporting the first authorized bank of the word
Malta-based Founders Bank is to become the first community-owned decentralized blockchain-friendly banking institution in the world’s history. As it has been announced, one of the world’s major cryptocurrency exchanges by traded value Binance will become one of the key investors funding the launch of the first-ever decentralized bank. The future Founders Bank will be hosted дальше »
2018-7-13 14:16 | |
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Tether Hires Former Anti-Money Laundering Manager as New CCO
Tether (USDT), cryptocurrency’s most popular stablecoin and the 9th-ranked cryptocurrency by market cap, announced today that they will be hiring former AML Quality Control Manager at Bank of Montreal, Leonardo Real, as the company’s new Chief Compliance Officer. дальше »
2018-7-12 20:54 | |
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Bank of Korea Reveals the Impact of Digital Assets in South Korea’s Banking and Finance Sector
South Korea’s central bank, the Bank of Korea (BOK), has revealed that the outstanding balance of cryptocurrency accounts in the country’s domestic banks stood at nearly $2 billion ($1. 8 billion) as of December 2017. дальше »
2018-7-13 16:19 | |
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Indian Regulators May ‘Unban’ Cryptocurrency Trading Soon
The Reserve Bank of India’s (RBI) harsh stance towards the local digital currency space may not last forever. If the latest report coming from reliable sources at the finance ministry is anything to go by, authorities are on the verge of regulating blockchain-based virtual currencies as commodities, a move that would be very beneficial to cryptocurrency investors in the Asian. дальше »
2018-7-13 16:00 | |
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Are Cryptocurrencies Coming Back To India Already?
The saga surrounding the Reserve Bank of India’s (RBI) cryptocurrency ban continues to take the crypto-sphere by storm. One minute the ban seems well embedded and the whole industry is grinding to a halt and the next, India are set to reverse all mention of the RBI’s decision. дальше »
2018-7-11 16:00 | |
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China Maintains Tight Stance on Cryptocurrencies: Official States ICOs Will be “Crushed”
After announcing a blanket ban on cryptocurrencies in September 2017, China’s central bank publicly called the move a success on July 7, 2018. Unauthorized Financial Products Will be “Crushed” On July 9, 2018, Yicai reported the statements of Pan Gongsheng, head of the Internet Finance Rectification Working Group, who noted that the country still holds a pessimistic view of ICOs,. дальше »
2018-7-12 08:00 | |
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Government Investigator Says ‘Darwinian’ Selection Led to Dominant Cryptocurrencies
The Deputy Governor of the Bank of France, Jean-Pierre Landau, also named “Mister Bitcoin” by the French government, submitted a report to Bruno Lemaire, the French Minister of Finance and Economy. дальше »
2018-7-10 16:15 | |
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Government Investigator Says “Darwinian” Selection Led to Dominant Cryptocurrencies
The Deputy Governor of the Bank of France, Jean-Pierre Landau, also named “Mister Bitcoin” by the French government, submitted a report to Bruno Lemaire, the French Minister of Finance and Economy. дальше »
2018-7-10 16:15 | |
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Romania Drafting Bill to Regulate Electronic Money
The Romanian Ministry of Finance has published a draft “Emergency Ordianance” regulating the issuing of electronic money, Business Review reports. The new bill requires issuers of over EUR 350,000 of social capital in the form of electronic money to be cleared by Romania’s central bank. дальше »
2018-7-9 18:49 | |
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Bank of Korea: Crypto Has Low Risk to Local Finance MArket
According to South Korean central bank the Bank of Korea (BOK), the outstanding balance of virtual currency accounts in domestic banks totalled $1. 79 billion as of Dec. 2017, local news outlet Yonhap reported Friday, July 5. дальше »
2018-7-9 01:49 | |
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Germany's Finance Ministry: State-Issued Digital Currency Has ‘Not Well Understood’ Risks
Germany’s Ministry of Finance says issuing a central bank digital currency contains "a number of risks that are not well understood"
дальше »2018-7-7 01:46 | |
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Blockchain Could Transform Trade Finance and Customer Due Diligence: EU Report
Trade finance is a complex and tedious process that involves a large number of participants. With the risks involved being quite high, especially in international trade finance, banks have stepped in to mitigate them through various products such as letters of credit and bank guarantees. дальше »
2018-7-7 01:00 | |
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Ripple Forges into India with the Help of a Major Bank
Ripple has made some major inroads in the world of finance over the past few years. This company is very different from traditional firms, mainly because it taps the potential of digital assets and blockchain technology to achieve its goals. дальше »
2018-6-29 17:00 | |
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Hong Kong is seeking to increase DLT usage in commercial funds
Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, is planning to work with regulators in Abu Dhabi to develop a cross-border trade finance system that is built with distributed ledger technology (DLT). дальше »
2018-6-27 12:35 | |
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Bahamas is Launching a State Backed Cryptocurrency, is it Legitimate?
As Freeport, Grand Bahama Island continues its quest to become the Silicon Valley of the Caribbean by hosting the 2018 Bahamas Blockchain and Cryptocurrency Conference its central bank has announced plans to pilot a digital currency. дальше »
2018-6-25 08:00 | |
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Bahamas Centrak Bank set to unveil cryptocurrency pilot project
The Central Bank of the Bahamas is planning to introduce a government-backed pilot digital currency, Jamaica Observer reported June 22. Speaking at the Bahamas Blockchain and Cryptocurrency Conference earlier this week, Deputy Prime Minister and Minister of Finance of the Bahamas, K Peter Turnquest, made the announcement, saying that the development of a fully digital дальше »
2018-6-23 05:52 | |
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Unofficial Report Confirms Tether’s Tokens Are Fully Backed by US Dollars
Tether Ltd. , which issues a stable coin allegedly tied to U. S. dollar reserves, claims it has hired Freeh Sporkin & Sullivan LLP — a law firm co-founded by FBI Director Louis Freeh — to confirm its bank deposits and assure investors that its cryptocurrency is backed by USD. дальше »
2018-6-21 23:05 | |
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U.S. Executive Branch Employees to Disclose Crypto Holdings, French ICO Regulations Coming by 2019
In recent regulatory news, the United States Office of Government Ethics has issued a document advising employees of the U. S. executive branch to disclose their cryptocurrency holdings. In other news, Bank of Korea has rejected the notion of central bank-issued digital currencies, Crypto Finance AG has received licensing from the Swiss Financial Market Supervisory Authority […] The post U. дальше »
2018-6-19 12:10 | |
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U.S. Executive Branch Employees to Disclose Crypto Holdings, French ICO Regulations Coming
In recent regulatory news, the United States Office of Government Ethics has issued a document advising employees of the U. S. executive branch to disclose their cryptocurrency holdings. In other news, Bank of Korea has rejected the notion of central bank-issued digital currencies, Crypto Finance AG has received licensing from the Swiss Financial Market Supervisory Authority […] The post U. дальше »
2018-6-19 12:10 | |
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JD.com’s Finance dep to issue Blockchain Asset-Backed Securities
JD Finance, a subsidiary of Chinese e-commerce giant JD.com, has made public its plans to issue asset-backed securities (ABSs) on the blockchain, as reported by local media on June 13. JD Finance will issue the ABS in combination with Huatai Securities and Xingye Bank according to China’s Securities Regulatory Commission (CSRC) via its media outlet […] дальше »
2018-6-16 15:18 | |
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German Finance Regulator Sees Blockchain As Revolutionary
Considering its status as a financial powerhouse and the home of the European Central Bank, Germany don’t often hit cryptocurrency headlines. Today however (I’m not sure if its just in the spirit of the world cup though) we are seeing reports from Germany that discuss some promising statements from the President of the Federal Financial Supervisory Authority (BaFin), Felix Hufeld. дальше »
2018-6-14 23:00 | |
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Chinese stocks to Put Credit Boycott on a Shared Blockchain
The banking arm of Chinese retail giant Suning is testing a consortium blockchain that would allow participating banks to record and update a shared ledger of users with bad credit scores. According to a local news source Sina Finance on Thursday, Suning Bank developed the blockchain system in order to move its blacklist of suspect дальше »
2018-6-14 13:54 | |
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Китайские банки создадут «черный список» заемщиков на блокчейне
Банковское подразделение китайского гиганта розничной торговли Suning тестирует блокчейн-приложение, которое позволит банкам создать общий список пользователей с плохой кредитной историей, сообщает СoinDesk. дальше »
2018-6-14 12:03 | |
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Cashout in 6 Seconds: ORCA Solution for Instant Crypto to Euro Withdrawals Will Cure Head-Aches for Crypto Users
Want to cash out Ethereum or other cryptocurrencies from an exchange instantly without paying ridiculous fees? ORCA can help you. The passage linking cryptocurrencies together regular finance is being laid. дальше »
2018-6-14 10:00 | |
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