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Beware of Crypto Risks: Bank of England Deputy Governor Issues Warning
The Bank of England has warned financial institutions in the country to limit their exposure to crypto assets. In a letter written by the bank’s deputy governor, the regulator cautioned firms against letting their guard down as the popularity of cryptos soars. дальше »
2018-6-30 20:00 | |
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Bank of England Deputy Governor Issues Warning to Financial Firms Over Crypto Risks
In a letter dated June 28, Sam Woods, deputy governor at the Bank of England who is also the CEO of the Prudential Regulation Authority (PRA), the UK’s financial watchdog, provided a reminder to financial firms of their “relevant obligations under PRA rules, and to communicate the PRA’s expectations regarding firms’ exposure to crypto-assets. дальше »
2018-6-30 18:29 | |
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Mastercard Latest Crypto Patent: Anonymous Third Party Transactions
This week marks another set of patents granted Mastercard, which is part of a many years attempt by the payments behemoth to employ technology underpinning most cryptocurrencies. The latest turn involves anonymous distributed ledger transactions via a third party processor. дальше »
2018-6-30 00:30 | |
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U.K. Banks Cautioned to Be Conservative with Cryptocurrencies
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. дальше »
2018-6-29 21:16 | |
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U.K. Banks Warned to Be Careful With Cryptocurrencies
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. дальше »
2018-6-29 18:17 | |
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BoE: Cryptocurrencies Pose ‘Reputational Risks’
The Bank of England has reportedly cautioned City bosses away from implementing cryptocurrencies into their business plans — citing all the usual reasons one has probably come to expect. ‘Reputational Risks’ “In their short history, crypto-assets have exhibited high price volatility and relative illiquidity,” wrote Bank of England Deputy Governor Sam Woods in a letter to the chief executives of banks, insurers, and fund managers — as reported by The Telegraph, adding: Crypto-assets also raise concerns Read More The post BoE: Cryptocurrencies Pose ‘Reputational Risks’ appeared first on Bitcoinist.com. дальше »
2018-6-29 05:00 | |
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Bitlicense Should be Smashed, Candidate for New York Governor Urges
Since the infamous Bitlicense was put into effect, the ecosystem has fought for its removal. It turns out to be much harder in practice than in theory to oust a law once it’s put into effect. The good news is groups like Startup Cities are on the case. дальше »
2018-6-29 00:55 | |
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Bank of England: Deputy Governor Warns Financial Institutions of Crypto Asset Risks
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
дальше »2018-6-28 19:21 | |
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Cryptos Are Neither Currencies nor Securities, SARB Deputy Governor Says
Francois E. Groepe, deputy governor of the South African Reserve Bank (SARB), said that it does not consider digital coins securities or currencies. He suggested that SARB does not prefer to use the term “cryptocurrency. дальше »
2018-6-27 16:19 | |
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The Central Banks Of Australia And New Zealand Against Cryptocurrencies
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. дальше »
2018-6-26 17:00 | |
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2 apac Countries Have Ruled Out Central Bank Advanced Currencies
Australia and New Zealand have both just ruled out the option of pursuing a central bank digital currency (CBDCs) – at least for now. Subsequently, he reiterated the RBA’s stance on issuing a central bank digital currency – or an “eAUD” as the bank’s governor Philip Lowe called it in a previous speech – that a дальше »
2018-6-26 16:48 | |
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Bank of England to Integrate Blockchain Technology into its RTGS Payments System
At a time when blockchain technology is disrupting the various systems in the global economy, the Bank of England too has caught the distributed ledger technology fever and is now looking to integrate the groundbreaking technology into its Real Time Gross Settlement (RTGS) system. дальше »
2018-6-24 00:30 | |
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Bank of England to Reconstruct Financial Settle System to Interface with Cryptocurrency Platforms
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. дальше »
2018-6-23 07:19 | |
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North Carolina Banking Bill Passes — Adds Virtual Currency License Requirements
The state of North Carolina has pushed the passage of House Bill 86 and some digital currency advocates and firms like Coinbase believe the bill makes the state more friendly towards cryptocurrency businesses. дальше »
2018-6-21 02:40 | |
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National Bank Of Romania Believes Crypto Can’t Fulfil The Basic Functions Of Money
Reports out today highlight some insight into how Romania’s central bank, the National Bank of Romania (NBR) view cryptocurrencies. This follows an international trend that is seeing more and more central banks weigh in on cryptocurrencies, each with differing views and approaches. дальше »
2018-6-15 12:30 | |
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Regulations crucial says Kazakhstan finance center
Speaking at the “Blockchain Conference Astana,” the Astana International Financial Center’s (AIFC) governor Kairat Kaliyev said specifically that the AIFC is paying special attention blockchain and cryptocurrencies: “The problem of regulation of cryptocurrencies is being discussed very intensively. дальше »
2018-6-15 05:45 | |
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India's Central Bank Admits to Banning Crypto Accounts Without Research
]In a fresh new twist, the Reserve Bank of India (RBI) has admitted to issuing its ban on cryptocurrency-related accounts spontaneously, without taking time to study and understand how cryptocurrencies work. дальше »
2018-6-13 23:40 | |
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