The Central Bank of Hungary joined the growing number of central monetary entities believing that bitcoin trading and mining should be banned. Similar to most bashers, the organization’s Governor asse...
Tag: Bank
India’s Central Bank RBI Says Crypto Is Prone to Fraud and Poses Immediate Risks to Consumer Protection – Coinotizia
India’s central bank, the Reserve Bank of India (RBI), has warned about multiple risks cryptocurrency poses to the country’s financial stability. “They are also prone to frauds and to extreme price vo...
Japan’s top tier bank issues stablecoin platform
Stablecoins are the government issued fiat pegged stable cryptocurrencies. These assets are in demand because of their less volatile nature. Recently, one of Japan’s top tier banks has introduced its ...
Kenyan Central Bank Seeks Public Opinion concerning CBDC
As a change of tune about crypto assets, the Central Bank of Kenya (CBK), Kenya’s apex bank, seeks to ask for public opinion about the potential introduction of a central bank digital currency (CBDC)....
The Bank Now Calls for Claim Denial
Leading Israeli bank, Hapoalim Bank, has recently filed a letter of defense to dismiss the claims of the 69-year-old pensioner, Esther Freeman, to allow the deposit of $320k profit she made from a $3,...
US Federal Reserve bank at the helm of CBDC research effort appoints new president
The Federal Reserve Bank of Boston, or Boston Fed, has selected economist Susan M. Collins, University of Michigan provost, to serve as its new president and chief executive officer. The seat has beco...
Indian Central Bank Chief Likens Crypto to Tulips
Key Takeaways Shaktikanta Das, the governor of the Reserve Bank of India has made fresh comments against crypto assets. The governor said private cryptocurrency was a threat India’s macroeconomic and ...
Due to the Central Bank of Ireland currency skepticism, allowing retail investment seems unlikely
Keeping into consideration the high risk involved in digital assets and ‘not much expertise’ of retail investors, the central bank of Ireland money put its concern Thursday’s report consists of the Ce...
200 Bitcoin ATMs accepted by private bank in El Salvador
Bitcoin ATMs have been accepted as collateral for USD 1.5m loan by state run El Salvador Bank Athena Holdings El Salvador was formed just seven months after the lawmaking bitcoin a legal tender in the...
“Cryptocurrency Is Threat to Financial Stability”- Indian Central Bank Governor
RBI Governor Shaktikanta Das has once again dropped some bombs over the future of cryptocurrencies in India. In a post-monetary policy briefing, he termed crypto a threat to macroeconomic and financia...
Central Bank of Kenya seeks public input on potential CBDC
The Central Bank of Kenya (CBK) has published a discussion paper on its central bank digital currency (CBDC), seeking public input on the potential benefits and risks and regulatory issues of introduc...
Former Thai Central Bank Director Predicts Crypto Bubble Emerging in March – Markets and Prices Bitcoin News
A former Bank of Thailand director has warned about an imminent crypto crash. “A cryptocurrency bubble will emerge at the end of March when liquidity in the financial market drops,” he reportedly pred...
Bitcoin Trades More Like Risk Asset Than Inflation Hedge, Says Bank Of America
While Bitcoiners often advertize the cryptocurrency as an anti-inflationary “digital gold,” Bank of America says it trades like nothing of the sort. A recent company report indicates that the crypto a...
Switzerland’s Largest Bank UBS Suggests Alternative Ways of Investing in Cryptocurrency – Markets and Prices Bitcoin News
Switzerland’s largest bank, UBS, has suggested some investment strategies for investors seeking to gain exposure to crypto assets with less risk than investing directly in bitcoin, ether, or other cry...
Irish Central Bank Scuppers Plans for Retail Crypto Trading
It may be rumored to be the destination for Binance’s new headquarters, but Ireland remains unlikely to give the go-ahead for a retail Alternative Investment Fund any time soon. The country’s central ...
Central Bank Digital Currencies are not Crypto
CBDCs and cryptocurrencies are two very different things. A public that is uneducated on the matter could well misunderstand the two types of currencies, leading to what may be quite far-reaching cons...
Central Bank of Argentina Scrutinizes Companies Offering ‘Extraordinary Returns’ on Crypto Asset Investments – Coinotizia
The Central Bank of Argentina has announced it is making inquiries regarding cryptocurrency investment companies. Specifically, the bank stated they are investigating companies that are offering extra...
Russia: Govt, top bank see cryptos as ‘analogue of currencies’; release draft bill soon
After months of speculation and opposing debates, Russia has surprised the cryptocurrency industry by agreeing to recognize Bitcoin as currency. This comes after the Russian government and central ban...
Russian government and central bank agree to treat Bitcoin as currency
The government and central bank in Russia have reached an agreement on how to regulate cryptocurrencies, according to a Tuesday announcement. Russia’s government and central bank are now working on a ...
Irish central bank could fail to allow retail investors to hold crypto
Irish Central Bank is “highly unlikely” to support retail investors in their endeavour to gain exposure to crypto assets. Like many jurisdictions, the central bank notes that crypto-assets carry a hig...
Zimbabwe’s Central Bank Exploring CBDC, Reiterates Opposition to Cryptocurrencies – Fintech Bitcoin News
Zimbabwe’s central bank, which has expressed its opposition to cryptocurrencies in the past, announced yesterday it is presently exploring the feasibility of rolling out its own central bank digital c...
Japan’s Largest Bank to Issue Stablecoin Pegged to Yen
Japan’s largest bank, the trust banking arm of Mitsubishi UFJ, will issue a stablecoin pegged to the yen. The bank wants to popularize digital securities, improving settlement times and reducing costs...
Bank of England’s Bailey faces backlash after discouraging pay rises
Andrew Bailey, governor of the Bank of England, speaks at a press conference on the Monetary Policy Report at the Bank of England on Feb. 3, 2022 in London, England. Dan Kitwood | Getty Images News | ...
Bank of America Strategists Warn Fed Hikes in Pricey Market to End Poorly
(Bloomberg) — Optimists expecting the stock market to weather the rate-hike cycle as they’ve done in the past are missing one important detail, according to Bank of America Corp.’s strategists. ...
Erik Voorhees: Central Bank Digital Currencies Are ‘Orwellian Spy Surveillance Nightmare’
Erik Voorhees is many things: Bitcoin O.G., outspoken libertarian, and founder of the crypto exchange company-turned-DAO ShapeShift. He also hates the concept of central bank digital currencies (CBDCs...
Japan’s largest bank to float yen-pegged stablecoin for trading securities
advertisement Mitsubishi UFJ Trust and Banking, the trust banking arm of Japan’s largest financial institution, has announced plans to launch a yen-pegged stablecoin in 2023. According to a report by ...
Bank of England is ‘highly unlikely’ to develop a retail wallet for CBDC
A senior manager at the Bank of England says the 327-year-old institution is “highly unlikely” to develop a retail-facing wallet that could be used to store and spend digital currency. The question o...
Japan’s Biggest Bank Mitsui & Co. Releasing Its Own Cryptocurrency
Japanese trading house Mitsui & Co. has planned to roll out its ZipangCoin (ZPG) digital currency as early as this month. As reported, ZipangCoin (ZPG) will be linked to gold prices and sold to re...
Federal Reserve Bank of Boston and MIT Release Central Bank Digital Currency Research and Open-Source Code – Regulation Bitcoin News
The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) have jointly published the initial findings of their central bank digital currency (CBDC) research. They also pub...
Bank of England Hikes Bank Rate to 0.5%, Governor Andrew Bailey Hints at Wage Restraints – Economics Bitcoin News
The Bank of England (BOE) raised the country’s benchmark bank rate from 0.25% to 0.5% this week in order to curb rampant inflation. “We face a trade-off between strong inflation and weakening growth,”...