The Reserve Bank of India (RBI) said in its annual report released on Friday that it was taking a “graded approach” toward the introduction of a Central Bank Digital Currency, News 18 reported. “The R...
Tag: Bank
The Week Ahead – Economic Data and Central Bank Chatter in Focus
On the Macro It is a busy week ahead on the economic calendar, with stats 75 due out through the week ending May 27. In the week prior, 46 stats were in focus. For the Dollar: US consumer confidence w...
Paraguay Finally Set to Regulate Crypto despite Opposition from the Central Bank – crypto.news
Despite opposition from the country’s central bank, Paraguay‘s Chamber of Deputies has approved the development of a crypto regulation bill for submission to the Senate. This move was started in June ...
Paraguay’s crypto industry regulation advances, despite pushback from central bank
Paraguay’s Chamber of Deputies approved the advancement of a crypto regulation bill to the Senate this week, despite pushback from the country’s central bank. In a special session on May 25, deputies...
Reserve Bank of India Reveals Launch Plans of Upcoming CBDC
7 hours ago | 2 mins read Bitcoin News In February, Finance Minister Nirmala Sitharaman announced a digital currency launch. There is still no official regulation on crypto in India. For 2021-22, the ...
Bank of America CEO Dismisses Crypto
Alex Dovbnya CEO Brian T. Moynihan simply said “No” in response to a question about whether or not the banking giant was missing out on cryptocurrencies In a recent interview with Yahoo! Finance, Bank...
Why Bank of America won’t be rushing into crypto anytime soon
DAVOS, Switzerland — The crypto faithful shouldn’t expect Bank of America to make a major push into the sector anytime soon. “No,” replied Bank of America CEO Brian T. Moynihan when ...
Bank of Russia Steps Up Efforts to Issue Digital Ruble Due to Sanctions – Finance Bitcoin News
The Central Bank of Russia (CBR) has accelerated the development of its digital ruble in response to Western sanctions. The monetary authority now intends to pilot transactions with the new version of...
India’s Central Bank RBI to Adopt a ‘Graded Approach’ to Digital Currency Launch – Regulation Bitcoin News
India’s central bank, the Reserve Bank of India (RBI), has proposed to adopt a “graded approach” to launching the country’s central bank digital currency (CBDC). The RBI also said it is exploring the ...
Siam Commercial Bank Is Chasing DeFi Yield Through Compound
“Not only are we an investor and a builder, we also wanted to adopt these types of disruptive technology to use, especially to use inside a bank,” said Panich in an interview. “We think Compound has c...
Central Bank of Sweden Does Not Think Highly Of Bitcoin
Central Bank of Sweden, Sveriges Riksbank, has taken it to the social media platform Twitter, to discuss Bitcoin. Central Bank of Sweden argues that the crowned asset fails as a value preserver, becau...
Despite The Terra Crash, This Major Bank Is Betting Big On DeFi
The venture capital arm of Thailand’s oldest bank, Siam Commercial, said it is investing in DeFi despite recent weakness in the space. SCB 10X said it deposited an undisclosed amount into Compound Tr...
CM Punk Trolls WWE Over Moving Money In The Bank To Smaller Venue
CM Punk mocked WWE for moving Money in the Bank from Allegiant Stadium to the much smaller MGM Grand … [+] Garden Arena. Credit: AEW WWE announced it would be moving Money in the Bank in Las Veg...
Here’s why Bitcoin value will continue to rise, according to Deutsche Bank
The value of the Bitcoin (BTC), the flagship digital asset in the cryptocurrency market continues to be a discussion among financial institutions amid the bearish market conditions. Speaking with CNBC...
Thailand Central Bank Not Rushing to Deploy CBDC, Crypto VAT Gets Delayed
The Bank of Thailand (BoT) has put the brakes on its central bank digital currency (CBDC) plans as it sees plenty of viable alternatives for online payments. Thai central bank governor Sethaput Suthiw...
World Bank won’t support Central African Republic’s Sango crypto hub
The World Bank has signaled its concerns over the Central African Republic (CAR) adopting Bitcoin (BTC) as a legal currency and says it won’t support the newly announced “Sango” crypto hub. At the end...
Stocks Rally After Fed Minutes Show Central Bank Will Continue To Raise Rates Aggressively
Topline Stocks rallied slightly on Wednesday after minutes from the Federal Reserve’s most recent policy meeting showed that the central bank is likely to continue raising interest rates by a half-per...
Swiss Bank Dukascopy Allows Deposits And Withdrawals in Tether USDT
Tether USDT is the First Stablecoin Offered by Dukascopy. Tether (USDT) currently trading at $0.998994 USD. Dukascopy Bank SA, a Swiss financial services company, announced that it had enabled blockch...
European Central Bank has few positives for crypto in new report
The ECB has today released a report on the financial stability risks associated with crypto. It highlights that if current trends in growth and market integration persist then crypto-assets will have ...
Bank of England’s Andrew Bailey Warns Bitcoin Has No Intrinsic Value, Not a Practical Means of Payment – Regulation Bitcoin News
The governor of the Bank of England, the British central bank, says bitcoin has no intrinsic value and the cryptocurrency is not suitable as a practical means of payment. His warning came after the cr...
European Central Bank Releases Warning About Bitcoin and Cryptocurrencies
Arman Shirinyan Another European authority is hinting at regulations and issues warning about volatility and instability of cryptocurrency industry The massive increase in the size of the cryptocurren...
‘Real wealth destruction’: This Deutsche Bank chart shows what could happen to assets in a repeat of the stagflationary 1970s.
While the decade is still young, if inflation sticks around for the next few years, things could get pretty ugly for investors. That’s according to this chart from Deutsche Bank, which shows how a ran...
Bank of America CEO says nothing will slow U.S consumer from spending money
Brian Moynihan, CEO of Bank of America, speaking at the WEF in Davos, Switzerland on May 23rd, 2022. Adam Galica | CNBC U.S. consumers are “in good shape” and will keep spending at an ele...
IMF, Bank of France officials believe more CBCDs will emerge in next three to five years
The Governor of the Bank of France François Villeroy de Galhau said that the world might see a strong central bank digital currency emerge in the next three years. Galhau was asked during a panel at t...
Cryptocurrency correlations are high, says the European Central Bank
The past few weeks and months have emphasized the correlation between cryptocurrencies and the stock market. Therefore, the European Central Bank (ECB) has warned consumers and investors of this pheno...
European Central Bank President Christine Lagarde Says Crypto Assets Are Worth Nothing: Report
European Central Bank (ECB) President Christine Lagarde reportedly believes that crypto assets have zero value. According to a Politico report, Lagarde says cryptos are “worth nothing” and are merely ...
Japanese Bank Launches Crypto Digital Asset Joint Venture
Sumitomo Mitsui Trust Holdings (SuMi) has announced it will create a trust company with Japanese crypto exchange Bitbank to manage digital assets for clients. The newly developed firm will offer custo...
European Central Bank Says Crypto Unsuitable As Store Of Value
The European Central Bank (ECB) said on Tuesday that cryptocurrencies are largely unsuitable as an investment or a store of value. The bank said if the current growth and market integration of cryptoc...
Major Japanese bank to launch cryptocurrency custody business
A major Japanese bank has announced its intention to create a cryptocurrency custody company in response to the global proliferation of cryptocurrencies. Sumitomo Mitsui Trust Bank, a giant Japanese f...
European Central Bank reveals 10% of Eurozone households own crypto
Research released on Tuesday, May 24 by the European Central Bank (ECB) indicated that one in ten households in the Eurozone had purchased crypto-assets such as Bitcoin, with the wealthy being just ma...
Governor of the Bank of England acknowledges blockchain and crypto innovation
Governor Andrew Bailey sees the importance of blockchain and distributed ledger technology, but he disregards crypto as a future payments system. Bailey did appear to have some foundational knowledge ...
Major Japanese Bank Sumitomo Mitsui Trust to Launch Cryptocurrency Custody Business – Bitcoin News
Sumitomo Mitsui Trust, one of the major banking institutions in Japan, will reportedly enter the cryptocurrency custody business. The company is entering a partnership with Bitbank, a Tokyo-based cryp...