2019-2-7 15:05 |
A Bank of Korea study concluded that a central bank digital currency could adversely affect commercial banks and ultimately financial stability.
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According to Carolyn Wilkins, an external member of the Bank of England’s Financial Policy Committee, the three main design principles for a Central Bank Digital Currency (CBDC) are staying focused on core public policy objectives, identifying and mitigating financial stability risks and setting high standards for technology.
2023-5-17 14:16 | |
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As regional bank failures rattle the financial markets, Bitcoin's price surges to the $28,500 level, showcasing its resilience and growing appeal as a safe haven for investors.
2023-5-2 20:08 | |
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SVB Financial, the parent company of Silicon Valley Bank, is reportedly considering a sale as several large financial institutions have expressed interest in acquiring the bank
2023-3-11 17:55 | |
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The Bank of China issued $2.8 billion in blockchain-based special financial bonds for small and micro enterprises
2019-12-11 00:45 | |
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United Kingdom’s central bank, Bank of England, has announced a raft of rules that Facebook’s Libra crypto must adhere to if it wishes to launch in UK. In its October Financial Policy and Summary released by the bank’s Financial Policy Committee, BoE stated that it discussed innovative explorations within the financial and payment sector. As […]
2019-10-10 23:09 | |
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With market trends changing at a rapid rate, the Bank of America [BoA] has announced that it will work with Marco Polo Network to get its hands on transformative solutions for users across the globe.
2019-9-20 09:51 | |
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The Regions Financial Corporation bank has decided to ban its clients from buying digital assets. The bank explained that it reserves the right to return or decline to pay for items related to virtual currencies.
2019-3-31 01:29 | |
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United Kingdom’s Central Bank Warns Financial Institutions On The Risks of Cryptocurrencies In a letter to CEOs of banks in the United Kingdom, the Bank of England’s Prudential Regulation Authority (PRA) has reminded them about the risks and the pitfalls of investing in cryptocurrencies and opening the bank to this kind of financial asset. PRA […]
2018-6-30 07:17 | |
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The Bank of England has warned U.K. lenders to study cryptocurrencies before doing business in the space. While acknowledging the benefits of the underlying distributed ledger, the deputy governor believes the high price volatility and relative illiquidity of cryptocurrencies are good enough reasons why financial institutions need to be careful when dealing with crypto assets.
2018-6-29 21:16 | |
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The Bank of England has warned U. K. lenders to study cryptocurrencies before doing business in the space. In a letter sent out to the financial institutions in the country yesterday, the Bank of England Deputy Governor Sam Woods warned financial companies to take appropriate steps to protect themselves against "exposure to crypto-assets" which he believes are susceptible to "fraud and manipulation, as well as money-laundering and terrorist financing risks.
2018-6-29 18:17 | |
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Regulation The Polish Bitcoin Association has reportedly appealed to Poland’s Office of Competition and Consumer Protection (OCCP) to protect the country’s cryptocurrency sector from what it perceives as a growing embargo targeting virtual currency businesses on the part of Polish financial institutions.
2018-6-29 16:41 | |
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Financial institutions must be extra aware of their involvement with crypto assets, making sure to follow all guidelines, say Bank of England in mass warning letter
2018-6-28 19:21 | |
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A Bank of England official has warned banks and other financial firms about exposure to cryptocurrency-related assets in a letter.
2018-6-28 18:00 | |
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According to the latest report published by economic researchers from the KIEL Institute of World Economy, the issuance of digital currencies by a central bank would prove to be more beneficial for a healthy and stable financial system.
2018-6-28 17:10 | |
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A new blockchain-based ecosystem is vowing to help 490 million unbanked and underbanked people across Southeast Asia access modern financial services. According to TraXion, only 54 percent of adults in developing countries have access to a bank account.
2018-6-28 15:54 | |
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The report goes to mention that unlike cryptocurrencies, CBDC's could ensure financial stability and be used for exchange instead of just mere speculation. The post KIEL Sees the Potential of Central Bank Digital Currency To Bring Stability appeared first on CoinSpeaker.
2018-6-28 12:28 | |
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A research paper from China's banking regulator suggests the country should let ICOs operate legally under a financial regulatory framework.
2018-6-28 09:17 | |
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Economic researchers at the Kiel Institute for the World Economy have identified digital currencies issued by a central bank as an opportunity for a more stable financial system, while at the same time rejecting cryptocurrencies, Cointelegraph auf Deutsch reports today, June 27.
2018-6-28 09:01 | |
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Today – bank stocks recorded their longest losing streak – ever. The S&P 500 Financial Index is down for the 12th straight day. The irony of this is that for the last year we’ve seen stocks rally on the expectations that the banking sector would do well from Trump’s tax cuts, looser regulations, and most importantly – rising rates. But that’s […]
2018-6-28 04:21 | |
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South Korea's FSC plans to begin monitoring exchange bank accounts and coin transactions via foreign exchanges to look for signs of money laundering.
2018-6-27 22:29 | |
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Growth in the banking sector has skyrocketed: 80% of adults have a bank account in India, a figure that has more than doubled since 2011. India has also been the largest receiver of remittances over the last several years, with some $69 billion flowing into the country in 2017.
2018-6-27 19:04 | |
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The Central Bank of Bahamas has officially announced plans to introduce a national cryptocurrency, as well as blockchain-powered digitization of Bahama’s government and financial services. The announcement was made by Deputy Prime Minister K Peter Turnquest on Friday, June 22, during the Bahamas Blockchain and Cryptocurrency Conference.
2018-6-27 13:28 | |
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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).
2018-6-27 12:35 | |
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An EU report has concluded that central bank digital currencies (CBDCs) could pave the way towards a more stable financial system due to their ‘disruptive’ ability. It also recognised the opportunities for oppressed countries to use cryptocurrencies, but highlighted the risks of volatility in the crypto market.
2018-6-27 23:00 | |
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The trend of ‘central banks’ talking about cryptocurrencies is warming up once more, with The Reserve Bank of Australia (RBA) and The Reserve Bank of New Zealand (RBNZ) weighing in on the debate. The pair have moved to debunk rumours that they are investigating in establishing their own central bank digital currency, on the basis that they believe such a project would inevitably damage their current banking system.
2018-6-26 17:00 | |
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When cryptos became widely popular, central banks were seriously considering issuing their own digital currencies. However, the interest has slowly waned as central banks begin to seriously consider the implications such currencies would have on financial stability.
2018-6-25 20:00 | |
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The Bank of England is planning to rebuild its Real Time Gross Settlement (RTGS) system so that it can interface with private business and platforms using distributed ledger technology (DLT), the bank’s Governor Mark Carney announced in a speech June 21.
2018-6-23 07:19 | |
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The Central Bank of Brazil [BCB] and other regulators of the Brazilian Financial System [SFN] have decided to use the blockchain based technology platform – Information Integration Platform for Regulators [PIER].
2018-6-23 04:32 | |
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David Solomon, Chief Operating Officer of Goldman Sachs (one of the most successful financial firms in the world), announced on Wednesday that the bank is considering expanding its involvement in crypto trading to incorporate more types of investment.
2018-6-22 23:10 | |
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At the moment, under the current regulation this California-based company doesn’t have a right to operate like a bank. But as it has become known Robinhood has already begun discussions with regulators with a view to receive allowance to offer banking-like products through different licenses or partnerships. Robinhood is not the only financial technology startup
2018-6-22 19:14 | |
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Former FDIC Chairman Sheila Bair on bank stress tests, the U.S. economic outlook and the future of cryptocurrency. Q1 hedge fund letters, conference, scoops etc, Also read Lear Capital: Financial Products You Should Avoid? Image source: YouTube Video Screenshot Sheila Bair: Fed Needs To Consider A Digital Currency Transcript Well it’s certainly a lot […]
2018-6-22 15:27 | |
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Три банковские организации Азии совместно с Центробанком Сингапура провели исследование, в рамках которого изучали возможности сбора информации о клиентах посредством применения технологии Blockchain.
2018-6-22 15:11 | |
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While Lloyd Blankfein doesn’t own any bitcoin himself — nor does his American multinational investment bank and financial services company — the CEO of Goldman Sachs still believes that critics shouldn’t dismiss the first and foremost cryptocurrency’s future.
2018-6-21 17:00 | |
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Spanish banking giant BBVA and energy company Repsol partner to develop blockchain-based financial solutions for corporate banking
2018-6-21 12:00 | |
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Brasil’s security and exchange commission, pension authority will be able to share data with the central bank’s new blockchain platform
2018-6-21 01:28 | |
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The Bank of International Settlements (BIS), an international financial institution that acts as a bank for central banks of nations, fostering international monetary and economic cooperation, has stated that bitcoin and other digital assets are not perfect examples of money.
2018-6-20 22:11 | |
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It was announced last week that two large Russian banks are building cryptocurrency portfolios for their biggest clients. Under the supervision of Bank of Russia, companies are beginning to offer customers and clients shares in a brand new fund that trades in six of the most popular cryptocurrencies available to trade on the market today.
2018-6-20 18:30 | |
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Banco Central do Brasil is building a blockchain platform to ensure the authenticity of data exchanged between financial authorities.
2018-6-20 15:00 | |
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Carlos Torres, CEO of Spanish bank BBVA, said blockchain technology is “not mature” and faces major challenges, el Economista reported June 18. According to Torres, the main challenges for blockchain are the “volatility of underlying currencies” and possible compatibility issues with tax authorities and financial regulators. Banco Bilbao Vizcaya Argentaria (BBVA) is a northern Spanish
2018-6-20 05:34 | |
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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.
2018-6-19 12:10 | |
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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.
2018-6-19 12:10 | |
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The central bank of South Korea prefers to stay away from the uncharted territory of sovereign digital currency to avoid potential risks to monetary policy and financial stability.
2018-6-19 11:11 | |
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OPINION: A Swiss bank has said that Bitcoin could break the Internet with its bandwidth and power needs. As a part of its annual economic report, the Bank for International Settlement detailed why Bitcoin has a “range of shortcomings”.
2018-6-19 10:01 | |
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South Korea’s central bank has said that it opposes the idea of issuing a central bank digital currency (CBDC). The news comes from the Bank of Korea’s (BOK’s) report about coins and the crypto-ecosystem, which looked at the possibility of issuing a CBDC and also how digital currencies might influence Korea’s financial sector as a.
2018-6-19 01:00 | |
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The Bank for International Settlements (BIS), a global “bank for central banks” based in Basel, Switzerland, has once more declared that cryptocurrencies are not only “not ready for prime time,” but could also “bring the Internet to a halt.
2018-6-18 14:00 | |
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This week, the Bank of International Settlements (BIS), a membership group of over 60 of the worlds central banks, based in Switzerland have recently published a report that explores cryptocurrencies from both a financial and sociological/cultural perspective.
2018-6-18 13:30 | |
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The banking sector has long been untrustworthy, taking advantage of customers while implementing centralized and opaque practices which serve to only benefit financial institutions. In essence, you lose your hard-earned money while wealthy bankers add to their stockpiles.
2018-6-18 00:30 | |
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The Bank of International Settlements (BIS), a transnational institution owned by and comprised of central banks that seeks to “fosters international monetary and financial cooperation and serves as a bank for central banks,” recently published its quarterly review of “International banking and financial market developments” for June 2018.
2018-6-17 23:20 | |
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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.
2018-6-14 23:00 | |
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South Korea’s central bank is the latest entity seeking powers to monitor crypto trading activity in the country.
The Bank of Korea has again poured cold water on the idea of adopting a central bank digital currency, according to remarks made by an official of the central bank.
ЦБ Южной Кореи официально заявил, что не собирается запускать собственную цифровую валюту, так как опасается последующей дестабилизации экономики.