Trust Token CEO: ‘DeFi is a transformation in finance’

Benoit Coeuré, Bank for International Settlements official and former member of the European Central Bank’s board of directors, said in a recent speech at an EuroFi event that stablecoins and DeFi in general were ‘challenging banks’ business models’ and authorities had to work on creating official digital assets quickly, highlighting growing fears in traditional financial […] The post Trust Token CEO: ‘DeFi is a transformation in finance’ appeared first on Invezz. дальше »

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Turkish Central Bank Creates Platform to Research Benefits of Launching the Digital Lira

The central bank of Turkey (TCMB) has created a Digital Turkish Lira Collaboration platform to expand its research into the potential benefits of launching a digital currency.    According to Reuters, the apex bank made this development known in a statement on Wednesday, September 15, 2021. дальше »

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Debunking JPMorgan's Arguments Against El Salvador's Bitcoin Adoption

The big bank recently said the Central American country's move is "problematic," here's why they are wrong. дальше »

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Why Standard Chartered says Ethereum (ETH) could pump to $35,000

While the Bitcoin or Ethereum debate rages on between early investors and maxis, London-based bank Standard Chartered already seems to have picked a side.  The bank, in a recent research note, said Ethereum could outperform Bitcoin over the next few years, even stating it ‘structurally’ values the world’s second-largest cryptocurrency by market cap at over […] The post Why Standard Chartered says Ethereum (ETH) could pump to $35,000 appeared first on CryptoSlate. дальше »

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UAE Adopts Regulatory Framework for Crypto Assets

The National Committee for Combating Money-Laundering and Financing of Terrorism and Illegal Organisations of United Arab Emirates (UAE) endorsed a regulatory framework for crypto assets, said the central bank. дальше »

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Cryptocurrencies Must Be Monitored Says Argentine Central Bank President

The President of Argentina’s Central Bank has said that cryptocurrencies must be monitored closely and that they must not be used to flout foreign exchange regulation. The post Cryptocurrencies Must Be Monitored Says Argentine Central Bank President appeared first on BeInCrypto. дальше »

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Crypto does not qualify as currency, says South Africa’s central bank governor

South Africa’s top banker has said that cryptocurrencies are more akin to assets than actual currencies.

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Cuba May Authorize Bitcoin Payments for Local Transactions

The Central bank of Cuba has announced its intentions to regulate the use of cryptocurrencies in commercial transactions across the country. Government Agencies Barred From Using Crypto The Cuban Central Bank (BCC) said in a resolution that the bank must duly authorize the use of Bitcoin in commercial transactions. дальше »

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Other Central American Countries Watching El Salvador’s “Out Of This World Experiment” to Adopt Bitcoin Too, Says CABEI President

The executive president of the region's development bank said, “everyone is watching” if Bitcoin adoption helps El Salvador reduce the cost of remittances so that they can also adopt the cryptocurrency. дальше »

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“Eventually,” A Digital Dollar Could Be Issued But Fed Is Still A “Long Way” From Deciding On It, Says A US Central Bank Official

Dallas Federal Reserve Robert Kaplan said the US central bank could see it eventually issuing its own digital currency, calling it the “last mile” in the digitization of the payment system. “I would imagine in the years ahead — it's something the Fed is actively working on now — and I can see reasons why […] The post “Eventually,” A Digital Dollar Could Be Issued But Fed Is Still A “Long Way” From Deciding On It, Says A US Central Bank Official first appeared on BitcoinExchangeGuide. дальше »

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Brazil Needs to ‘Pay Attention’ to Crypto and ‘Reshape the World of Regulation’ says Central Bank President

Roberto Campos Neto, the president of Brazil’s central bank, said local regulations need to pay attention to the investors' need for cryptocurrencies. According to him, they are here to stay alongside instant payment solutions. дальше »

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Binance Amplifies Its Compliance Efforts As It Gets Another Regulatory Warning

The Dutch central bank (DNB) has also issued a regulatory warning against Binance for providing its services in the Netherlands without the required registration. The leading cryptocurrency exchange was not compliant with the Anti-Money Laundering and Anti-Terrorist Financing Act, said the Nederlandsche Bank. дальше »

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Ukraine Minister Says First Digital Currency Pilot Could Focus on Staff Salary Payments

The head of Ukraine’s Ministry of Digital Transformation has said that paying the staff of the ministry in the proposed central bank digital currency (CBDC) is under consideration.  Ukraine CBDC Pilot Could Initially Involve Salay Payments In a recent interview with local Ukraine news outlet TSN, Mikhail Fedorov, who is also the country’s deputy PrimeRead More дальше »

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‘Bitcoin Has No Real Use Case’: Federal Reserve Bank of Minneapolis President Neel Kashkari Trashes Crypto Market

Bitcoin has no real use case according to the Minneapolis Federal Reserve Bank President Neel Kashkari. Speaking at the Pacific Northwest Economic Regional Annual Summit in Big Sky in Montana, Kashkari said crypto is 95% fraud, hype, and confusion. дальше »

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Argentina president weighs Bitcoin legalization. But his government doesn’t agree

In a recent interview, the President of Argentina Alberto Fernandez said he sees no reason to push against crypto, but in contrast to his openness, the head of the country’s Central Bank, Miguel Pesce, prepares for a crackdown on the industry. дальше »

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Bank Of America Sees Four Upsides In El Salvador’s Bitcoin Adoption

Bank Of America has said that it sees how El Salvador’s adoption of Bitcoin could help the Island country. President Bukele Agrees With Bank Of America President Nayib Bukele of El Salvador, a Central American country, tweeted yesterday screenshots of a Bank of America economic outlook report (BofA). Along with explaining why the bank is […] дальше »

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Where does Ireland's Central Bank Gov. stand on the crypto-regulatory debate

"As things stand today, the negatives surrounding crypto far outweigh any benefits," said the Governor of Ireland's Central bank, Gabriel Makhlouf. This position was made clear by the Governor whilThe post Where does Ireland's Central Bank Gov. дальше »

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Vontobel's wealthy clients are interested in crypto, says CEO

The Swiss bank said some of the firm’s clients are allocating part of their portfolios to crypto.

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Goldman Sachs Survey Shows Ultra-Wealthy Families Are Increasingly Looking To Make Bets On Bitcoin

According to a Goldman Sachs survey on their family offices clients, there is growing acceptance and interest in adopting Bitcoin. The prominent investment bank said its survey on 150 ultra-wealthy families, which it deals with globally, revealed that about 15% of them had already invested in cryptocurrencies while another 45% admitted having plans to do […] дальше »

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Investment Advisor Says Bitcoin Is ‘Very Dangerous to Hold Today’ Citing Warnings by Regulators

Investment advisor and former Prudent Bear Fund manager David Tice has warned about investing in bitcoin. Citing “negative statements” by central bankers and regulators, such as the Bank of England, he said that it is “very dangerous to hold” bitcoin today. дальше »

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Bank of England’s Deputy Governor: Cryptocurrencies Aren’t Big Enough to Pose Financial Stability Risk

Bank of England Deputy Governor Jon Cunliffe believes that cryptocurrencies are not big enough to pose financial stability risk. “They’re not of the size that they would cause financial stability risk, and they’re not connected deeply into the standing financial system,” said the deputy governor. дальше »

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German Bank Comdirect Now Offers 11 Cryptocurrency ETPs in Savings Plan

German bank Comdirect, with about three million customers, is now offering 11 cryptocurrency exchange-traded products (ETPs). “Comdirect has succeeded in significantly bridging crypto investments to retirement plans, something that our clients have longed for a while,” the bank said. дальше »

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Hong Kong Busts Money Laundering Ring Using Tether to Wash Millions

Authorities in Hong Kong have arrested four people suspected of money laundering a total of $155 million through cryptocurrency wallets and bank accounts. The city’s customs agency said this was its first case in which virtual money had been used to launder dirty cash. дальше »

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Vietnamese Government Planning to Conduct CBDC Pilot

Vietnam has become the latest country to explore central bank digital currency (CBDC), although the government has said that a sovereign digital currency would not replace the country’s fiat.  Vietnam’s Proposed Digital Currency not a Cash Replacement According to Nikkei Asia on Monday (July 12, 2021), the decision by the Vietnamese government to explore theRead More дальше »

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First CBDC Coming To Africa As Ghana Plans to Launch Pilot in September

The Bank of Ghana (BoG) will launch its central bank digital currency project’s pilot in September, according to the Bank’s First deputy governor, Maxwell Opuku-Afari. Modern Ghana, a local news outlet, reported that the deputy governor said the project is currently in its last phase of development, and implementation is expected to start in two […] дальше »

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A Surge in Crypto Prices Reflects An “Increased Risk Appetite,” says Fed in its Monetary Policy Report

For the first time, the Federal Reserve has singled out the surge in cryptocurrency asset prices in its overall assessment of the stability of the financial system. In the brief comment revealed in the Fed’s semi-annual Monetary Policy Report to Congress released on Friday, the central bank said the rise reflected increased risk-taking by investors. дальше »

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80 Central Banks Looking at Digital Currencies Says Lagarde

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Pandemic has accelerated the rollout of CBDCs by 5 years, says blockchain firm

"There is also no doubt in our mind that a major central bank will soon launch a digital currency and we expect this to happen within the next three years," said Guardtime. дальше »

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Santander's UK arm follows Barclays in banning payments to Binance

The bank said would be “following the FCA’s warning to consumers” in blocking payments made to the crypto exchange.

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Thailand's central bank warns against using digital currencies for payments

The BOT said it may be forced to coordinate with the Securities and Exchange Commission to ensure crypto payments do not pose "extensive risks to the general public or the economic and financial system." дальше »

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Binance Temporarily Suspends Euro Bank Deposits from SEPA Due to “Events Beyond Control”

Leading cryptocurrency exchange Binance is “temporarily” suspending euro bank deposits from one of Europe’s key payments networks, said the exchange in an email to its users. According to an email sent, Binance customers would no longer be able to deposit funds through the Single Euro Payments Area, or SEPA, schemes with effect from 8 am […] The post Binance Temporarily Suspends Euro Bank Deposits from SEPA Due to “Events Beyond Control” first appeared on BitcoinExchangeGuide. дальше »

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Swiss bank UBS says Bitcoin is ‘unsuitable’ for institutional investors

Switzerland bank UBS said in its latest note to investors that the increased crackdown on the crypto market by China makes investing in Bitcoin and other crypto-assets “unsuitable.” UBS says stiffer regulations are coming According to the note, the latest crackdown on digital assets by the Asian country has affected the value of the coins […] The post Swiss bank UBS says Bitcoin is ‘unsuitable’ for institutional investors appeared first on CryptoSlate. дальше »

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Fed chair met with Coinbase CEO Brian Armstrong and former House speaker in May

Armstrong said he had spoken about China’s central bank digital currency with lawmakers and heads of federal agencies, believing it to be "a threat to U.S. reserve currency status long term." дальше »

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Mexican Authorities: Cryptocurrencies Can’t Be Used Within the Financial System

Mexico’s central bank and other financial authorities have said that cryptocurrencies can’t be used within the financial system, as per a document published recently. The post Mexican Authorities: Cryptocurrencies Can’t Be Used Within the Financial System appeared first on BeInCrypto. дальше »

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Mexico may not be following El Salvador's example on Bitcoin... yet

A warning from the country's financial regulators seemed to be specifically targeting Ricardo Salinas Pliego, who on Sunday said he would explore his bank accepting Bitcoin. дальше »

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Mexican Billionaire Calls Fiat Fraud, Says His Bank Working To Accept Bitcoin

Mexican billionaire Ricardo Salinas Pliego said he is working with his bank, Banco Azteca, to be the first in Mexico to accept bitcoin. дальше »

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Mexican Billionaire Bullish on Banks Adopting Bitcoin

Mexican billionaire Ricardo Salinas Pliego recommends the use of bitcoin and said that the bank he owns is working to become the first in Mexico to accept it. The post Mexican Billionaire Bullish on Banks Adopting Bitcoin appeared first on BeInCrypto. дальше »

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Demand for digital euro not yet clear, says BBVA exec

The European Central Bank should rely on public-private cooperation for issuing a digital euro, an exec at BBVA’s digital regulation team said. дальше »

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Tanzania’s Central Bank says It’s Working on President’s Directive to Prepare for Bitcoin Adoption

The central bank of Tanzania said it is working on President Samia Suluhu’s directive to prepare for cryptocurrencies, which could reverse the ban put on digital assets in 2019. The new president came to power in March after the death of her predecessor John Magufuli and is much more open to foreign investment than him. дальше »

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Tanzania’s Central Bank Working on Reversing Crypto Ban, Following President’s Directive

The Bank of Tanzania said that it is planning on reversing its previous ban placed on cryptocurrency after the Tanzanian President asked the country to prepare for the adoption of crypto.  Bank of Tanzania Looks to Lift Crypto Ban According to Reuters on Friday (June 25, 2021), Tanzania’s central bank is working on the directiveRead More дальше »

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Nothing will ‘stop’ Bitcoin in El Salvador, says President after IMF, World Bank criticism

President Bukele said nothing can stop Bitcoin from seeing widespread adoption in El Salvador, and he sees no scenario in which it can be stopped. The post Nothing will ‘stop’ Bitcoin in El Salvador, says President after IMF, World Bank criticism appeared first on CryptoSlate. дальше »

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Bank of Israel deputy governor confirms digital shekel pilot is underway

Despite the pilot, the central bank's deputy governor said he was apprehensive about launching a full-scale CBDC in Israel, and referred to Bitcoin as a "pyramid scam." дальше »

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China’s Central Bank Orders Institutions To Block Crypto Transactions

The People’s Bank of China (PBOC) said on Monday it has ordered banks and payment institutions to crackdown on crypto. The move comes after the nation enforced a series of mining shutdowns, the latest of which took place in Sichuan. дальше »

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New World Bank Report: Nigeria’s Exchange Rate Policies Fueling Inflation, Affecting Food Prices

Nigeria’s use of multiple exchange rates regimes may have contributed to a rise in the country’s inflation rate, the latest World Bank report has said. In addition, the report says ongoing restrictions on the use and movement of foreign exchange are “further pushing up prices of food and agricultural inputs like fertilizer.” Misaligned Exchange Rates […] дальше »

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ECB Executive: Digital Euro Can Protect Privacy Better Than Private Alternatives

A member of the European Central Bank's (ECB) said in an interview that the digital euro is more capable of protecting privacy than private alternatives because it will not focus on the commercialization of data. дальше »

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Denmark’s largest bank cautious on crypto, but won't interfere

Danske Bank isn't completely sold on cryptocurrency but said it won't stop its customers from using its services in connection with crypto platforms. дальше »

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World Bank Turns Down El Salvador’s Request to Help Execute Bitcoin Plans

The World Bank has said that it would not be able to assist the El Salvadoran government with its plans to officially make bitcoin the country’s second legal tender.  World Bank Not in Support of El Salvador’s Bitcoin Ambitions According to Reuters on Wednesday (June 16, 2021), the World Bank turned down El Salvador’s requestRead More дальше »

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World Bank Denies El Salvador Assistance With Bitcoin Implementation

In an email sent on Wednesday, the World Bank said it cannot provide any assistance to El Salvador as the country implements bitcoin as legal tender. The post World Bank Denies El Salvador Assistance With Bitcoin Implementation appeared first on BeInCrypto. дальше »

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World Bank wants no part in El Salvador’s Bitcoin revolution

The World Bank has refused to assist El Salvador with integrating Bitcoin into its financial infrastructure, a report on Reuters said today. The post World Bank wants no part in El Salvador’s Bitcoin revolution appeared first on CryptoSlate. дальше »

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Central American Bank for Economic Integration to Help El Salvador Implement Bitcoin as Legal Tender

The Central American Bank for Economic Integration (CABEI), which has 15 member countries, will help El Salvador implement bitcoin as legal tender. The CABEI president has expressed his support. “We’re very optimistic,” he said. дальше »

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