Alex Dovbnya In a first, India’s top central bank official has called for banning cryptocurrencies Central banker T. Rabi Sankar, who serves as deputy governor at the Reserve Bank of India, has ...
Tag: Bank
Valliance Bank Partners With Bakkt to Enable Cryptocurrency Exposure
Digital asset platform Bakkt Holdings has teamed up with Valliant Bank, an institution that provides financial services, to bring a seamless crypto experience to the bank’s customers. According to a p...
The Bank of India could take further action against crypto
TL;DR Breakdown • T-Rabi Snankar brands cryptos as Ponzi schemes.• Bank of India executive believes cryptos should be banned immediately. Recently the deputy governor of the Bank of India, T-Rabi Shan...
Bitmex Acquiring German Bank to Create ‘Regulated Crypto Powerhouse’ in Europe – Coinotizia
Crypto exchange Bitmex is acquiring a German bank to create “a regulated crypto powerhouse.” The company plans to establish “a one-stop shop for regulated crypto products in Germany, Austria, and Swit...
IMF Says Central Bank Digital Currencies Are The Future Of Money
The International Monetary Fund (IMF) managing director has called for a “ prudently designed” central bank digital currency to rival private forms of crypto-assets and stablecoins. “If CBDCs are desi...
Iran aims to develop a central bank digital currency
As payment methods continue to evolve, new innovations are improving financial infrastructures that have been in use for years. Currently, central bank digital currencies (CBDCs) are a topic that has ...
Singapore’s Largest Bank to Launch a Cryptocurrency Trading Desk for Retail Investors
After opening its very own institutional-grade digital asset exchange, Singapore-based DBS Bank is eyeing the expansion of a similar trading offering, but this time, catering to retail investors. It i...
JP Morgan Private Bank strategist believes he is late to the crypto party
Crypto is here for all investors as JP Morgan strategist believes he is late The price of altcoins are directly linked to the price of Bitcoin Four NFT owners in SuperRare platform own 16,000 work o...
Indian Finance Ministry & Central Bank in ‘Complete Harmony’ on Crypto Policy
The Reserve Bank of India (RBI) and the Indian Ministry of Finance are in “complete harmony” on cryptocurrency policy, according to the finance minister. “With RBI and the Ministry, not just on crypto...
Indian Government Consulting With Central Bank RBI on Crypto — ‘There Is Complete Harmony’ – Regulation Bitcoin News
The Indian government is consulting with the Reserve Bank of India (RBI) on crypto policies. According to the finance minister, the government and the central bank are in “complete harmony” on crypto ...
Singapore’s Biggest Bank Launching Retail Crypto Trading in 2022
Key Takeaways Singapore’s largest lender, DBS Bank, plans to offer crypto trading services to retail customers by the end of the year. According to its CEO, Piyush Gupta, the plan is to build a ...
Singapore’s DBS Bank to launch retail digital asset trading desk in 2022
advertisement DBS Bank, the largest bank in Southeast Asia by assets, will launch a digital assets trading desk for retail customers by the end of 2022, according to an earnings call on Monday. The ba...
central bank governor on inflation, tourism recovery
Inflation in Thailand will largely be “contained” because the price pressures in the country are not as broad-based compared to some developed markets, said the governor of Bank of Thailan...
‘Bank of Jamaica Will Roll Out Digital Jamaican Dollar in 2022,’ Says Prime Minister – Bitcoin News
According to an announcement from Jamaica’s Prime Minister Andrew Holness the Bank of Jamaica plans to “roll out” its central bank digital currency (CBDC) after the country’s successful pilot last yea...
Bahrain Central Bank Completes Cross-Border Transfer Test Using JPMorgan Blockchain – Blockchain Bitcoin News
The Central Bank of Bahrain (CBB), working in partnership with Bank ABC, recently announced it had successfully tested the transfer of funds across borders using JPMorgan’s JPM Coin. The test fulfills...
Crypto Is No Match for Well-Designed Central Bank Digital Currencies – Regulation Bitcoin News
The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, says that crypto assets and stablecoins are no match for well-designed central bank digital currencies (CBDCs). “I...
Hungarian Central Bank Governor Advocates EU Wide Crypto Ban
The Governor of the Hungarian Central Bank, György Matolcsy, recommended that all cryptocurrency-focused activities including trading and mining should be banned across the European Union. In a releas...
Switzerland’s Largest Bank UBS Expects US Crypto Legislation to Take Time – Bitcoin News
Switzerland’s largest bank, UBS, expects the United States Congress to take a long time to pass cryptocurrency legislation despite mounting interest in crypto investments and regulators calling for Co...
Hungary’s Central Bank Governor Calls for EU-Wide Ban on Cryptocurrency Trading and Mining – Bitcoin News
The governor of Hungary’s central bank has called for a ban on cryptocurrency trading and mining in the European Union. “It is clear-cut that cryptocurrencies could service illegal activities and tend...
IMF Favors Central Bank Digital Currencies Over Crypto, According to Managing Director
The International Monetary Fund (IMF) thinks central bank digital currencies (CBDCs) could be a better bet than crypto. Kristalina Georgieva, the managing director of the IMF, says in a new statement ...
Central Bank of Kenya Releases Discussion Paper on CBDCs
Central Bank Digital Currencies (CBDCs), a phenomenon that took over the global financial system in 2021, is now getting popular among African economies. Recently, the Central Bank of Kenya (CBK) publ...
Lady Turns $3K Bitcoin to $320K but Israeli Bank Calls for Claim Denial
Another bizarre incident came to light as Hapoalim Bank, recently filed a letter of defense to dismiss the claims of the 69-year-old pensioner, Esther Freeman to permit the deposit of $320K profit. Fr...
Hungary’s central bank chief wants EU-wide crypto trading and mining ban
György Matolcsy, Governor of the Hungarian National Bank, has proposed a blanket ban on all cryptocurrency trading and mining operations across the European Union. Governor Matolcsy cited the recent ...
Bank of Zambia Expects to Complete CBDC Study in Q4 – Emerging Markets Bitcoin News
The Bank of Zambia has said it expects to complete its study seeking to determine the feasibility of launching a Central Bank Digital Currency (CBDC), before the end of the last quarter of 2022. Narro...
Hungary’s Central Bank Calls For Ban on Bitcoin Mining and Trading
As cryptocurrency becomes more and more acceptable, the calls to regulate the sector are growing. The latest in a growing number of central monetary entities which seek to ban cryptocurrencies is the ...
Jamaican Central Bank Says It Has ‘Successfully Completed CBDC Pilot’ – Coinotizia
The Jamaican central bank successfully completed the pilot testing of its central bank digital currency, a statement from the bank has said. The statement however reveals that only one payment service...
Caitlin Long’s Wyoming Crypto Bank Takes a Step Toward Fed Membership
“If the access is granted, these institutions may introduce increased risks to the financial system,” according to the minutes of the meeting. SPDIs, the document noted, “hold uninsu...
Hungary’s Central Bank Chief Supports Crypto Ban
Key Takeaways György Matolcsy, the governor of the Central Bank of Hungary, has sided with the Bank of Russia by supporting a crypto trading and mining ban. Matolcsy also cited his support for the top...
Governor Of Hungary’s Central Bank Has Just Proposed EU-Wide Ban On Bitcoin ⋆ ZyCrypto
Advertisement     Several nations have already outlawed cryptocurrencies like bitcoin, with China being the most high-profile example. The People’s Republic of China i...
Feed System Launches Banking Services Subsidiary: Noe Crypto Bank
As part of its development, Feed System has been working on the possibility of creating a banking tool for several months. The thought behind the tool was to create something capable of meeting the ne...
India Central Bank Governor: Crypto Is ‘Big Threat’ to Financial Stability
The governor of the Reserve Bank of India, Shaktikanta Das, said on Thursday that private cryptocurrency “is a big threat to our macroeconomic stability and financial stability.” Das added that crypto...
Kenyan Central Bank Document Discusses Benefits and Risks Posed by CBDC — Public Asked to Comment – Bitcoin News
Kenya’s central bank has acknowledged in a recently released document that a central bank digital currency could potentially benefit the country’s financial system. The bank, however, warned that roll...