The decision to utilize RippleNet stems from the fact that the technology is cutting edge, and is designed with security in mind. The CIBC, Canadian Imperial Bank of Commerce (TSE: CM), a Canadian mul...
Tag: Bank
DBS Bank Chief Dismisses Fears That Crypto Will Replace Fiat Money: Suggests Regulating Crypto
The CEO of DBS Bank group, Piyush Gupta, advises Central banks to start regulating cryptocurrencies and shed their fear that digital assets will replace fiat money. Gupta further says that by alienati...
Goldman Sachs Makes Over-The-Counter Bitcoin Trade—First By Major Wall Street Bank
Goldman Sachs just became the first major U.S. bank to have made an over-the-counter (OTC) cryptocurrency transaction, according to an announcement made public today. The Wall Street giant bought an O...
Irish Central Bank Grants Gemini E-Money License
Ireland’s central bank has granted an e-money license to cryptocurrency exchange Gemini Payments. The license, which allows Gemini to issue electronic money, was the first authorized by the Central Ba...
Bitcoin a Starting Point for Developing Central Bank Digital Currency, Says Big Four Firm Deloitte
One of the biggest accounting firms in the world says that the underlying technology behind Bitcoin (BTC) is a good starting point for developing an efficient central bank digital currency (CBDC). Acc...
Goldman Sachs Becomes the First Major US Bank to Trade an OTC Crypto Transaction
The rumors were true: Goldman Sachs has reportedly conducted its first OTC crypto option trade with investment firm Galaxy Digital. This marks the first of any such trade among all major US banks, and...
Qatar makes plans to launch a CBDC and issue digital bank licenses
Qatar plans to issue a central bank digital currency (CBDC) and digital bank licenses. Qatar will be joining the list of countries exploring CBDCs and how they can be used to transform the financial s...
Central Bank Facilitate Support to Asian Games Host: Enhanced Growth of the Digital Yuan Pilots
People’s Bank of China and four state departments have confirmed their support for bidding regions in Zhejiang to further see to the Digital Yuan pilots. Zhejiang province’s financial development pla...
Reserve Bank of India Advocates for Crypto Ban
The Reserve Bank of India (RBI) has advocated for a blanket ban to be imposed on the digital currency ecosystem as the central bank believes this nascent asset class poses a threat to the rise of the ...
Ukraine’s Largest Bank Privatbank Suspends Money Transfers to Crypto Exchanges amid Martial Law
Privatbank, the largest commercial bank in Ukraine regarding assets, has suspended money transfers to crypto exchanges. Privatbank announced last Friday that it has temporarily restricted its customer...
Federal Reserve Bank President Pushes for Faster Rate Hikes — Says the Fed Risks Losing Credibility on Inflation Target – Economics Bitcoin News
The president of the Federal Reserve Bank of St. Louis, James Bullard, has called for more aggressive measures to combat inflation and reduce the size of the Fed’s balance sheet. “The burden of excess...
Qatar Plans to Issue Digital Bank Licenses and Explore a CBDC: Report
Qatar’s central bank plans to digitalize most of its products, including studying and potentially developing and launching a CBDC. One of the other directives from the institution involves issuing dig...
China’s central bank encourages ‘controllable risks’ in fintech innovation in Alibaba’s home province of Zhejiang
Chinese financial regulators, including the central bank, and the Zhejiang provincial government are encouraging “controllable risks” in the country’s e-commerce hub to spur financia...
GOOD NEWS: Sberbank will now be able to issue assets after getting a License from Russia’s Central Bank
The lender said that it had received approval for a license that would allow businesses to start issuing digital assets using its distributed ledger technology platform. Following US economic sanction...
Arab Monetary Fund Names RippleNet As Potential Alternative to Central Bank Digital Currencies
The Arab Monetary Fund (AMF), a sub-organization of the Arab League, has named global payments network RippleNet as a possible alternative to central bank digital currencies (CBDCs). In a new report, ...
DBS Bank Chief Favors Regulating Crypto
Central banks across the globe should start regulating cryptocurrencies and dismiss fears that digital assets will replace fiat currency, said Piyush Gupta, CEO of DBS Bank Group, one of Singapore’s l...
Why Is the Central Bank of Russia Urging Banks To Ban P2P Transactions Monitoring, Including Crypto Transactions?
According to the reports on Thursday, the Central Bank of Russia (CBR) has asked the commercial banks to tighten their supervision of users’ transactions so that “special economic measures to co...
Ukraine’s Largest Bank Bans Transfer Of Funds To Crypto Exchanges
The movement of payments in Ukrainian hryvnia to exchanges trading cryptocurrencies, the national fiat currency, was temporarily banned on March 16 by Privatbank, Ukraine’s largest bank by asset...
Central Bank Of Russia Steps Up Monitoring P2P Transactions Including Crypto
The Central Bank of Russia (CBR) has proposed that the nation’s commercial banks tighten monitoring on crypto and regulator operations. The objective is to stop transactions that attempt to evade its ...
How To Beat Fear And Bank 7%+ Dividends From Blue Chip Stocks
Inflation spelled in letters with shopping basket and piggy bank on seesaw against dark background getty We need to talk about a mistake almost every investor makes—and it’s a particularly easy trap t...
Ukraine’s Largest Bank Suspends Money Transfers to Crypto Exchanges – Exchanges Bitcoin News
Privatbank, the largest commercial bank in Ukraine, has temporarily halted transfers in national currency to digital asset exchanges. The financial institution explained the move with restrictions imp...
Bank of America will be biggest winner from Main Street banking boom: analyst
Main Street banking is poised to see the best growth since the 1980s, when Madonna and Michael Jackson were on MTV, Ronald Reagan was in office, and everyone had long hair and wore neon attire. And Ba...
Russia’s Central Bank Grants License to Sberbank to Issue Digital Assets
Russia’s central bank granted the country’s biggest lender Sberbank a license to begin issuing digital assets. Sberbank, the country’s largest retail bank applied for a license back in January with Ru...
Crypto Could be an Alternative to Gold, Says DBS Bank CEO
Piyush Gupta – CEO of Singapore’s largest financial institution DBS Bank – believes cryptocurrencies could turn into an alternative to gold and its role in the current financial system. However, he do...
Bank of Russia Allows Sberbank to Issue Digital Financial Assets – Finance Bitcoin News
Sberbank, Russia’s largest bank, has been authorized by the country’s monetary policy regulator to issue digital financial assets. The move comes amid tightening Western sanctions over the war in Ukra...
Qatar exploring digital banks and central bank digital currencies
The Qatar Central Bank (QCB) is reportedly investigating the possibility of launching a digital currency and issuing digital bank licenses. According to the head of the fintech section at QCB, Alanoo...
Russia’s largest bank gets license to issue digital assets
Russia’s top lender Sberbank has received regulatory approval from the country’s central bank to start issuing digital finance assets (DFAs). The license, which adds Sberbank to the list of financial ...
Central Bank of Russia tightens P2P transactions monitoring, including those in crypto
The Central Bank of Russia (CBR) recommended that the nation’s commercial banks ramp up monitoring users’ transactions that could be aimed at circumventing CBR’s “special economic measures to counter ...
St. Louis Fed’s Bullard says the central bank should raise rates above 3% this year
James Bullard David Orrell | CNBC St. Louis Fed President James Bullard said Friday he thinks the central bank should raise interest rates the equivalent of 12 times this year to convince the public i...
Ukraine’s largest savings bank halts Bitcoin buys with hryvnia: Report
While the Ukrainian government has moved to legalize Bitcoin (BTC) amid the ongoing attacks from the Russian military, some of the largest local banks have reportedly banned their clients from buying ...