The BoE announced yesterday that it would step in in the instance that a stablecoin issuer was showing signs of collapse that might have repercussions for the UK financial system or significant conseq...
Tag: Bank
Bank of Russia plans to use cryptocurrencies for international trade
The Central Bank of Russia is not a big fan of cryptocurrencies, as earlier this year, the institution had advocated for a blanket ban on cryptocurrencies. However, with the hefty sanctions levied aga...
Bank of England to Rescue Collapsing Stablecoin Issuers—If They’re Big Enough
The Bank of England yesterday announced it would intervene to direct and oversee collapsing stablecoins should the British central bank decide that a stablecoin issuer “has reached systemic scale fail...
Treasury Consults on Bank of England Supervising Stablecoins – Trustnodes
The British government has joined a debate on stablecoins with a fairly holistic framework that is now open to public consultation. “The government anticipates broadening the definition of a payment s...
Top 3 reasons why the Bank of Canada will “out hike” the Fed
The first trading day of the new month begins with the Bank of Canada announcing the monetary policy. It was one of the first central banks to remove the stimulus from the economy in the aftermath of ...
Central Bank of Russia Welcomes Crypto Payment
18 mins ago | 2 mins read Bitcoin News A green flag may be given to crypto payments for international trading. The first deputy of CBR thinks ‘usage within the country involves a high-risk factor’. Ks...
Russian Central Bank Wants Crypto for International Trade, Not for Citizens: Report
According to a senior bank official, Russia’s central bank is open to using cryptocurrencies for international payments. On May 31, central bank First Deputy Governor Ksenia Yudaeva said, “in principl...
India consults with World Bank and IMF in order to be in line with global crypto regulations
The Indian government has been working on a consultation paper on how to regulate cryptocurrencies. The World Bank, IMF, stakeholders and other interested parties have been part of the consultation. ...
Tether Reportedly has Some of Its Reserves Stored in a Bahamas Bank – crypto.news
While Tether has come under constant criticism and regulatory scrutiny for its reserves, recent reports reveal that the stablecoin issuer stored some of its reserves at a Bahamas bank. Some Tether Res...
Bitcoin Is Biggest Market Bubble, Deutsche Bank Survey Shows
Alex Dovbnya Bitcoin is still in bubble despite facing massive correction, says new Deutsche Bank survey A Deutsche Bank survey that was published earlier this Tuesday shows that the majority of inves...
Fireblocks Appoints Former Bank of England Head as Director of CBDC
Varun Paul, former head of fintech at the Bank of England (BoE), has accepted the role of Central Bank Digital Currency (CBDC) and Market Infrastructure director at the digital asset security company,...
Russian central bank signals agreement with crypto law revisions: Report
First deputy governor of the Russian central bank Ksenia Yudayeva stated Tuesday that the bank is open to using cryptocurrency for international payments, Reuters reported, along with Russian media, w...
UK Wants to Give Central Bank More Power to Oversee Stablecoins after UST Crash
Yuri Molchan UK government wants to empower BoE to oversee administration of companies whose stablecoins have failed Contents Amending legislation to address stablecoin-related risks Tougher regulatio...
India’s Central Bank Chief Says Crypto Has No Intrinsic Value ⋆ ZyCrypto
Advertisement     The chief of the Reserve Bank of India (RBI) on Monday said that cryptocurrencies have no underlying value. He said this as a justification for the c...
Brazilian Development Bank Launches Blockchain Network – Bitcoin News
The Brazilian Development Bank has officially launched the Brazilian Blockchain Network, a structure designed to aid other institutions in the country in increasing public transparency. The launch, wh...
Russian Central Bank Takes U-Turn On Crypto International Payments
More and more signs from Russian authorities lead to increasing recognition of cryptocurrencies as tools for international payments. In the past, the central bank has been adamant towards Russia crypt...
Russian Central Bank Open to Crypto For International Payments
Key Takeaways An official from the Russian Central Bank stated that it wouldn’t object to the use of cryptocurrencies for international transactions. However, it still believes cryptocurrencies pose l...
Deutsche Bank, DWS Raided Over Allegations of Greenwashing
(Bloomberg) — Deutsche Bank AG and its asset management unit had their Frankfurt offices raided by police, adding to the legal headaches facing Germany’s largest lender. Most Read from Bloomberg...
Circle Says A Central Bank Digital Currency (CBDC) Is Not Needed ⋆ ZyCrypto
Advertisement     In recent times, several central banks have been looking to develop a Central Bank Digital Currency (CBDC) to address the limitations of fiat currenc...
High Eurozone inflation hits record 8.1% rocking bank shares
Since the war in Ukraine started, the Economic Sentiment Index (ESI) has been much weaker than before. Historically it is at quite a strong level but is not tied to an economic recession, currently ho...
Tether Relied on an Obscure Bank in the Bahamas to Store its Reserves – Coinpedia – Fintech & Cryptocurreny News Media
The Financial Times recently published a report on Tether’s dependency on an obscure bank in the Bahamas in order to store some of its reserves. Capital Union, a Nassau-headquartered banking instituti...
Crypto: Bank of America held back by regulation
Speaking at the World Economic Forum in Davos on Saturday, Bank of America (BoA) CEO Brian Moynihan made some rather curious statements about his bank’s relationship with crypto regulation. Bank of Am...
Top 30 Panama Bank is ‘Bitcoin friendly,’ welcomes crypto services
Panama’s path to crypto adoption is stepping up a gear. Towerbank, a Panamanian financial institution with over 200 employees and 40 years of banking experience, has declared itself Bitcoin friendly (...
Tether Has Had Some of Its Reserves at Obscure Bahamas Bank
Alex Dovbnya Tether has held some of its reserves at a tiny Bahamas bank Controversial stablecoin issuer Tether has relied on an obscure bank in the Bahamas in order to store some of its reserves, acc...
Bank Of England Governor Bullish On Blockchain Technology, Not Crypto ⋆ ZyCrypto
Advertisement     Central banks have released more and more statements on crypto following the Terra ecosystem debacle. For example, recent statements from the Bank of...
World Bank Disapproves Of Central African Republic’s Bitcoin Legal Tender Trajectory ⋆ ZyCrypto
Advertisement     The World Bank has expressed concerns over a plan by the Central African Republic to set up a crypto hub, weeks after the nation became the second co...
Bank of America CEO Rejects Crypto
Bank of America is limited to researching cryptocurrencies on the trading side Moynihan estimates that the bank has 54 million digital users It saw an 86% increase in blockchain-related patents in 202...
Here’s the asset investors want if inflation stays high, says Deutsche Bank. And crypto isn’t even ‘on the radar’
Home is where the heart is, and the money, if inflationary trends don’t cool. That’s according to the latest Deutsche Bank survey of investors, who say that property will be their most preferred buy-a...
Bank of America Has No Plans to Offer Crypto Services
Brian T. Moynihan – the CEO of Bank of America – recently confirmed that the company will not be offering crypto-related services in the near future. Though he acknowledged the importance of digital p...
Bank of America Has No Plans to Offer Crypto Services Says CEO
Bank of America customers hoping for a crypto offering from the bank will be disappointed after its CEO nixed the idea. Speaking at the World Economic Forum (WEF) in Davos, Brian Moynihan revealed tha...
Bank of Russia Speeds Up Ruble’s Digital Counterpart Launch
4 hours ago | 2 mins read Bitcoin News Russian central bank had initially planned to begin the digital ruble pilot. Digital ruble wallets were established using mobile applications. Moscow has been pe...
Central Bank in India to Take Phased Approach to Introduction of CBDC
The Reserve Bank of India will introduce its digital rupee central bank digital currency (CBDC) in a phased manner. The asset will undergo proof of concept and pilot stages before fully launching. The...