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India Central Bank Chief Warns of Impending Crypto-led Financial Crisis
Indian central bank Governor Shaktikanta Das said that private cryptocurrencies could lead to the next financial doomsday. The post India Central Bank Chief Warns of Impending Crypto-led Financial Crisis appeared first on BeInCrypto. дальше »
2022-12-22 15:29 | |
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Another Bank Run Highlights China’s Brewing Financial Crisis
A regional lender has become the latest victim of the growing liquidity crunch in the world’s most populous country. Yingkou Coastal Bank, operating in the northeastern Chinese province of Liaoning, is the second institution within less than a month to see its financial stability threatened by frightened savers. дальше »
2019-11-28 12:30 | |
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Marco Polo Blockchain Platform Adds BNY Mellon, Credit Agricole, and MUFG
The Marco Polo consortium welcomes the Bank of New York Mellon (BNY Mellon), Japan’s MUFG, and Credit Agricole in their blockchain-based trade finance platform according to a press release by Ledger Insights dated November 26. дальше »
2019-11-27 14:00 | |
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Former French Central Bank Exec Calls for more Blockchain Integration
In a bid to transform the French financial industry, Denis Beau, the First Deputy Governor of the Bank of France, proposed the use of blockchain technology in euro payment settlements within the Eurozone whilst at the Second Annual Capital Markets Technology and Innovation Conference, according to an Econotimes report, November 26, 2019. дальше »
2019-11-26 16:00 | |
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Banque De France Calls for An Embrace of Blockchain Financial Solutions In The Euro-System
The Central Bank of France is pushing for a blockchain-powered settlement system in the European region for quick and cost-effective euro transfers. Dennis Beau, the Deputy Governor, spoke in support of the Distributed Ledger Technology during a speech on Thursday, November 21. дальше »
2019-11-26 01:54 | |
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Chinese government shuts down 173 crypto exchanges and token issuers
Almost 200 cryptocurrency exchanges and token issuing platforms have been shut down. According to the People’s Bank of China’s (PBoC) financial report, the country will continue to crack down on “unlicensed payment” businesses, which include online lending institutions and other financial companies operating on the internet. дальше »
2019-11-26 22:15 | |
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Chinese Regulators Reportedly Shut 173 Cryptocurrency Exchanges in the Country; Paves way for CBDC
Twitter handle @cnLedger on November 25, 2019, quoted the People’s Bank of China’s (PBoC) newly released China Financial Stability Report 2019, where the apex bank stated that the Chinese regulators had clamped down on 173 cryptocurrency trading and token issuing platforms in the country. дальше »
2019-11-25 18:05 | |
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China Shuts Down 173 Cryptocurrency Exchanges and Token-Issuing Platforms
China has reportedly shut down all cryptocurrency exchanges operating within the country, according to a Twitter update from Chinese blockchain outlet CnLedger. CnLedger quoted the People’s Bank of China (PBoC) Financial Stability Report (2019), stating that “the 173 Chinese virtual-currency trading and token issuing platforms have all exited without risk. дальше »
2019-11-25 16:06 | |
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Bitcoin Price Headed For $20k – $25k Zone Next Year: Analyst
The crypto market has been a disappointment lately. Lackluster bitcoin price action has intensified overall selling activity. But things are in for a welcome change, as BTC is expected to explode next year. дальше »
2019-11-24 22:18 | |
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A Few Benefits for Bitcoin Beginners to Appreciate
If you are considering entering the crypto universe or if you’ve only recently made your first investment, you might still be exploring the benefits of bitcoin as opposed to your credit card, online bank account or digital wallet you are used to. дальше »
2019-11-24 02:21 | |
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Morocco Deploys the Blockchain Technology To Improve Its Financing Sector
Morocco is planning to boost its financial sector in the country through the deployment of blockchain technology. The Governor of the Central Bank of Morocco, Abdellatif Jouahri, announced during the Africa Blockchain Summit in Rabat that the country is in the process of applying technology to improve financial services. The implementation of this fintech project […] дальше »
2019-11-23 18:49 | |
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Blockchain Commercialization to Arrive in 2020, Claims HSBC Innovation Lead
The Global Commercial Banking Growth and Innovation Blockchain Lead of British multinational bank HSBC, Joshua Kroeker, has stated that he expects blockchain to be commercialized at an enterprise level in 2020. дальше »
2019-11-22 14:59 | |
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Blockchain to be regulated by China’s central bank
The People’s Bank of China (PBoC) wants to create a better standard for regulating new technologies in the financial industry. According to Xinhua News Agency, the regulations will apply to 17 different categories in the fintech industry, including blockchain, AI, and cloud services. дальше »
2019-11-21 17:50 | |
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Singapore Central Bank Okays Crypto Derivatives Trading
Singapore has always been seen as a hub of digital finance. Many of the world’s major blockchain and crypto conferences are held there and a lot of the region’s exchanges have chosen the island nation for its welcoming climes. дальше »
2019-11-21 11:28 | |
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China Central Bank to Set Standards for 17 Fintech Categories, Including Blockchain
The People’s Bank of China (PBoC) has an agenda to set industry standards across the financial sector, including blockchain, a senior official from the bank said on Wednesday. Speaking at a meeting of the National Technical Committee, PBoC vice president Yifei Fan said the bank aims to better regulate new technologies applied across the financial […] дальше »
2019-11-22 09:00 | |
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Royal Bank of Canada Denies Any Intentions of Launching a Cryptocurrency Exchange
Recent news reports were speculating that the leading Canadian financial services provider is expanding operations to crypto. This was first reported by The Logic, a Canadian news source; other outlets picked up the story leading to hype about the ‘strategy’ by RBC. дальше »
2019-11-19 22:37 | |
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Bank of America Shuts Former PayPal Exec’s Bank Account and may have also Closed Justin Sun’s
Tron (TRX) CEO Justin Sun is the latest crypto executive to have his account terminated by a Wall Street Bank. Ex-PayPal executive Roelof Botha, also suffered a similar fate with commentators highlighting the need for greater crypto adoption amid financial censorship from mainstream actors. дальше »
2019-11-19 02:00 | |
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China Launches Digital Bank Consortium Blockchain Investment Fund
A fintech company in China has launched a global digital bank consortium blockchain investment fund with the aim of creating a leading digital bank. China Turning Digital Cao Tong, Chair of Shenzhen’s Hande Financial Technology Holdings Co. дальше »
2019-11-19 20:01 | |
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Bitcoin Efforts Launched For Lebanon Amid Financial Crisis
Lebanon is on the verge of collapse with the parliament speaker comparing it to the Titanic. The central bank there has apparently engaged in what Nasser Saidi, a former central... The post Bitcoin Efforts Launched For Lebanon Amid Financial Crisis appeared first on Trustnodes. дальше »
2019-11-18 19:16 | |
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Ex-PayPal CFO’s Bank of America Account Closed Without Warning; Time For Something Better?
The crypto community is likely to get a new enthusiast in the form of PayPal’s former chief financial officer. It appears that the ex-CFO abruptly lost access to his official account at the Bank of America. дальше »
2019-11-18 18:27 | |
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Bank of America Closing Ex-PayPal CFO’s Account Is Another Reason to Consider Cryptocurrencies
Prominent Venture Capitalist, Roelof Botha, has tweeted that the Bank of America has closed his account with no explanation and on very short notice. With such censorship control as this, Bitcoin and digital assets continue to stand as an alluring alternative. дальше »
2019-11-18 13:20 | |
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Crypto Trading Enthusiasm Returns in China, Prompting More Scrutiny from Country’s Regulators
The Central Bank in China seems set for another round of crypto crackdowns after President Xi’s latest remarks revived speculation on blockchain technology. Financial regulators in each Shanghai District are required to search and conduct an inspection of all suspected crypto companies and exchanges by 22nd November. A notice issued by the Shanghai Internet Finance […] дальше »
2019-11-16 20:16 | |
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SBI Ripple Asia Launches First Money Transfer Service Between Japan and Vietnam
SBI Ripple Asia and SBI Remit, an international money transfer service, announced the launch of the first Japan-Vietnam money transfer service in real currency using the Distributed Ledger Technology (DLT) with the Vietnamese bank, TPBank on Nov. дальше »
2019-11-15 23:12 | |
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Bitcoin Use Case Underlined by Indian Bank PMC Woes
In recent months, authorities in India have been investigating the management of a major private bank, Punjab and Maharashtra Co-operative Bank, for fraud, amounting to $600 million. The investigation has left nearly 1 million bank customers without access to their funds – the sort of situation that could be avoided with Bitcoin-related financial services. дальше »
2019-11-14 05:24 | |
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Anonymity in China’s Crypto Yuan is Bad News for US Lawmakers
While the US drags its regulatory feet and gets bamboozled by bureaucracy, China forges ahead and could launch its own digital currency within a few months. Crypto Yuan Nearing According to a central bank official, China’s planned crypto yuan is not all about spying on its citizens. дальше »
2019-11-13 08:53 | |
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Bitcoin Fixes This: Top Bank Chief Says Monetary Policy is Failing
Representatives of the current financial system are inadvertently extolling the virtues of Bitcoin at a higher frequently than ever before. The latest is Deutsche Bank President Karl von Rohr, who states that current methods intended to stave off economic crisis are lessening in efficacy. дальше »
2019-11-13 23:00 | |
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Switzerland's SEBA goes live after FINMA approval
SEBA Bank AG, earlier recognized as SEBA Crypto AG, has been operational for just 18 months. However, it has managed to acquire a banking license from the Swiss Financial Market Supervisory Authority The post Switzerland's SEBA goes live after FINMA approval appeared first on AMBCrypto. дальше »
2019-11-12 16:43 | |
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Swiss Crypto Bank SEBA Launches With Support for BTC, ETH, XLM, LTC and ETC
Swiss-based crypto bank SEBA is now open for business. After receiving a license from the Swiss Financial Market Supervisory Authority in August this year, the bank has now achieved its target of becoming operational this week. дальше »
2019-11-13 15:11 | |
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Bitcoin Could Fall to $900, Claims Analyst
While many representatives of the world’s financial system have been consistently deprecating Bitcoin and cryptocurrencies, Jean-Claude Trichet, the former European Central Bank (ECB) president, dismissed the idea of cryptocurrencies as pure speculation. дальше »
2019-11-12 00:22 | |
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Chainalysis Survey: 48% of Bank Execs Say Bitcoin Will Be A Better Investment Than S&P 500 Next Year
A survey conducted by the blockchain analysis firm, Chainalysis, concluded that out of all the financial professionals polled, 48% believe that next year, Bitcoin will outshine the S&P 500, reports Decrypt. дальше »
2019-11-11 17:02 | |
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Bitcoin Lacks Monetary Properties and Is ‘Pure Speculation,’ Says Ex-ECB Chief
Like many representatives of the current financial system, the former European Central Bank (ECB) president is not so keen on Bitcoin. Jean-Claude Trichet dismisses cryptocurrency as “pure speculation. дальше »
2019-11-11 04:20 | |
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Ex-PBoC Boss: Facebook’s Libra Will Work Better if it’s in IMF Custody
A former head of China’s central bank has come out to say that Facebook’s Libra would be better served under the control of the International Monetary Fund (IMF). Facebook’s proposed digital payment platform continues to draw criticism from financial regulators around the world. дальше »
2019-11-8 14:10 | |
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Blockchain Bank Appoint Interim CMO to Lead App Launch and Accelerate Growth
London, United Kingdom: November sees the appointment of David Taylor as Interim CMO at BABB (Bank Account Based Blockchain) – an aspiring blockchain-based regulated bank, situated at Level39 in London’s Canary Wharf. дальше »
2019-11-8 19:48 | |
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China’s Central Bank Promotes Blockchain Utility
China’s central bank and financial regulator, the People’s Bank of China (PBoC) has endorsed the revolutionary distributed ledger technology (DLT). The apex bank has made it clear that blockchain tech has real use cases in the financial sector, as it significantly reduces the risks involved in trade finance, reports Reuters on November 6, 2019. дальше »
2019-11-7 14:00 | |
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Swell 2019: Dr. Raghuram Rajan on Enabling Financial Inclusion with Blockchain and Digital Assets
Dr. Raghuram Rajan, former Governor of the Reserve Bank of India and Distinguished Professor of Finance at the University of Chicago, took the stage at Swell 2019 and underscored the important role that technology, including blockchain and digital assets, plays in fueling economic growth, increasing financial inclusion and ultimately revolutionizing businesses in emerging markets around … Continued The post Swell 2019: Dr. дальше »
2019-11-7 11:20 | |
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Bank of China Rolls out Blockchain to Streamline Insurance Claims
In line with China’s recent formal endorsement of the technology, one of the largest state-owned financial institutions has just launched its own blockchain. The new Bank of China platform aims to increase transparency and efficiency across the nation’s insurance industry The insurance blockchain solution is the product of the bank’s insurance management IT department and […] The post Bank of China Rolls out Blockchain to Streamline Insurance Claims appeared first on BeInCrypto. дальше »
2019-11-7 22:15 | |
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PBoC official on CBDC: Front runner will take the whole market
China's Central Bank, People's Bank of China [PBoC] has been working proactively on its digital yuan and according to an official, it will be no less than a "horse race" with financial institutions adThe post PBoC official on CBDC: Front runner will take the whole market appeared first on AMBCrypto. дальше »
2019-11-6 16:30 | |
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Euro Regulators Urge Central Bank to Issue Regulated Digital Currency as Stablecoin Threat Looms
Regulators in Europe have called on the European Central Bank (ECB) to explore the feasibility of launching a digital currency for the bloc. Supranational agencies and governments, alike, have labeled stablecoins – especially Libra – a potential menace to financial stability. дальше »
2019-11-6 14:00 | |
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Zuckerberg was Right. China ‘Fast-Tracks’ Cryptocurrency With Huawei, Tencent
The People’s Bank of China signed a partnership with Huawei, reportedly to develop blockchain technology for China’s sovereign digital currency. It comes just a week after Xi Jinping pledged that China would “take the leading position” in blockchain. дальше »
2019-11-6 12:03 | |
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Revolution In The Investment World By ZuCoinChain
The universe of currencies or cash is Evolving. The beginning of computerized and digital innovative systems brought another method for a financial transaction without the need for executing with genuine cash nor the need to consult with the bank. дальше »
2019-11-5 08:08 | |
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Ripple may be entering Vietnamese market with TP Bank partnership
UPDATE: TPBank has now confirmed that it has joined RippleNet. Ripple has been taking giant leaps in improving the global financial infrastructure. Its partnership with SBI Holdings has establisheThe post Ripple may be entering Vietnamese market with TP Bank partnership appeared first on AMBCrypto. дальше »
2019-11-4 11:45 | |
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Another Chinese Lender Bailed Out After Bank Run
Yichuan Rural Commercial Bank, a lender operating in the central Henan province, has become the latest Chinese bank to be bailed out by the government this year. The small financial institution, which has around 30 branches only in the Yichuan county, experienced a bank run sparked by rumors that its top management was in trouble […] The post Another Chinese Lender Bailed Out After Bank Run appeared first on Bitcoin News. дальше »
2019-11-3 10:35 | |
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Bitcoin Thrust Into the Spotlight Following Banking Outages in America
Recently, a spate of banking failure and ATM outages have been cropping up across the world. Primarily, these have been in places like India and politically volatile regions like Hong Kong. However, reports out of America are now showing countrywide outages from Bank of America, leading Bitcoin’s lack of centralized financial authority to shine through. дальше »
2019-10-31 00:10 | |
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China to Certify 11 Fintech Products Used in Blockchain and Online Payment Services
China’s central bank, the People’s Bank of China (PBoC), has said that it will certify 11 different types of financial technology (Fintech) hardware and software that are regularly being used for online payment and blockchain-related... дальше »
2019-10-30 09:01 | |
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Why Bitcoin? Bank of America Services Down Across U.S.
According to some, the need for Bitcoin (BTC) and decentralized digital money was just validated as a financial institution in the U. S. has suddenly gone offline. Over the past hour, reports have flooded in from thousands of Twitter users, including an NBC reporter, regarding Bank of America’s services. дальше »
2019-10-30 07:06 | |
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Uber Dives in Payments and Financial Services Market with Uber Money
Coinspeaker Uber Dives in Payments and Financial Services Market with Uber MoneyUber has unveiled a new division called Uber Money which will offer its drivers bank accounts along with digital wallets, credit and debit cards, to receive instant payments. дальше »
2019-10-29 14:21 | |
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China Merchant Bank invests in Bitcoin wallet after passage of ‘cryptographic’ law
China had prohibited financial firms from holding or trading in Bitcoin back in December 2013, going on to later ban any foreign crypto-exchange that offered such services. However, the latest announcement by the Chinese President Xi Jinping on blockchain technology, followed by the passage of the cryptographic law, has made everyone optimistic that maybe China […] The post China Merchant Bank invests in Bitcoin wallet after passage of ‘cryptographic’ law appeared first on AMBCrypto. дальше »
2019-10-28 12:28 | |
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