Canada’s Conservative leadership candidate Pierre Poilievre said a digital currency should not be introduced by the central bank as it should only be left to the private sector. The candidate was also...
Tag: Bank
Central Bank of Cuba Introduces Specific Virtual Asset Service Providers Regulation – Regulation Bitcoin News
The Cuban government has issued new regulations concerning the operation of virtual asset service providers (VASPs) in the country. In an official resolution, the Bank of Cuba establishes specific pro...
Malaysia Awards Digital Bank Licenses To Groups Led By Grab, Sea, RHB
Anthony Tan, chief executive officer of Grab Holdings, addresses the audience during a bell-ringing … [+] ceremony as Grab begins trading on the Nasdaq on December 2, 2021. Ore Huiying/Bloomberg...
Russian Central Bank To Allow Stock Exchanges To Trade Crypto
The Central Bank of Russia has reportedly proposed to permit stock exchanges to enter the digital assets market, as it deals with staggering sanctions against the country. This move has come in order ...
Bank Of Spain Says More European Crypto Users Want Decentralized Services
Spain’s central bank recently completed a study that shows that unbacked cryptocurrencies and DEXs are very popular in the European crypto space. The bank released a document on April 26 showing publi...
Philippines central bank to trial wholesale CBDC
Digital Retail transactions have increased to 20% They aim to reduce friction in cross-border money transfers Wholesale CBDCs are restricted to banks Bangko Sentral ng Pilipinas (BSP) will send off a...
Central Bank of Russia Intends to Bring Crypto to Stock Exchanges
The Central Bank of Russia (CBR) is reportedly making plans to permit cryptocurrencies like Bitcoin (BTC) to start trading on the nation’s regulated stock exchanges. According to Kommersant, the apex ...
Cuba’s Central Bank Announces Digital Asset License For Crypto Companies
The Cuban central bank released regulations for virtual asset service providers on Tuesday, a move that some experts believe could help the Communist-run Caribbean island avoid hefty US sanctions. Cub...
After Criticizing Putin’s War, Russian Tycoon Tinkov Sells Bank He Built
(Bloomberg) — Sanctioned billionaire Oleg Tinkov sold his family’s stake in the digital bank he founded to Russia’s richest man, Vladimir Potanin, just over a week after he slammed President Vla...
The Bank Of International Settlements (BIS) Has Released The Summary About CBDCs As Well As Its Significance Towards Financial Inclusion For Such Financially Excluded
The central banks of the Bahamas, Canada, China, the Eastern Caribbean, Ghana, Malaysia, the Philippines, Ukraine, and Uruguay were discussed in the article. The World Bank was also a participant in t...
Central Bank Of Cuba Announces Digital Asset License
The Central Bank of Cuba issued guidelines on Tuesday for virtual asset service providers that would require them to obtain a license to conduct crypto operations in the country. Cuban Central Bank A...
TrueUSD (TUSD) Stablecoin Names Five Current Bank Partners Holding Its USD Reserves
Five prominent banks are presently working with TUSD. The auditing company Armanino is currently auditing TUSD. The TrueUSD (TUSD) stablecoin has revealed the names of five of its current bank partner...
Philippines Central Bank to Pilot Wholesale CBDC Project
The project will provide a chance for the entire finance industry to comprehend the prospects and risks associated with wholesale CBDCs. The Bangko Sentral ng Pilipinas (BSP) has announced its decisio...
Russia’s Central Bank wants stock exchanges to support crypto trading
TL;DR Breakdown The Central Bank of Russia has recently proposed allowing traditional stock exchanges to trade in digital assets. The regulator seeks to provide investors with a regulated platform on ...
European Central Bank Rep Says Satoshi Doesn’t Understand Money and Payments, Urges Global Crypto Regulation
A high-ranking official at the European Central Bank (ECB) says that pseudonymous Bitcoin (BTC) creator Satoshi Nakamoto didn’t have an “in-depth understand” of money issues while developing BTC. In a...
Deutsche Bank, a major US recession is on the way
Deutsche Bank predicts a violent recession in the US next year that will not be stopped even with an aggressive Fed policy. Recession in sight for the US, according to Deutsche Bank Deutsche Bank exp...
Bank stocks, once a Buffett favorite, take a back seat at Berkshire Hathaway
Warren Buffett, Chairman and CEO of Berkshire Hathaway. David A. Grogan | CNBC Warren Buffett has begun to unleash Berkshire Hathaway‘s massive cash stockpile in recent weeks, snapping up an ins...
Starling Bank Completes Internal Fundraise of £130.5 Million
Starling Bank, one of the fastest-growing digital challenger banks in the UK, recently confirmed that it has completed an internal fundraise of £130.5 million. The new investment, which saw participat...
Bank of Russia Seeks to Allow Stock Exchanges to Trade Digital Assets – Regulation Bitcoin News
The Central Bank of Russia has recently proposed authorizing traditional stock exchanges to operate in the digital assets market. Industry watchers say the regulator aims to provide investors with an ...
Cuban Central Bank to Issue Licenses to Virtual Asset Service Providers
The Cuban central bank – the Banco Central de Cuba (BCC) – is all set to issue licenses for cryptocurrency and other virtual asset services providers (VASPs). The Gazette revealed that they will be fo...
Cuban central bank makes it official: VASP licensing coming in May
The Gazette further determines that this decision will enter into force 20 days after its publication, which is May 16. In a move that could potentially foster the growth of Cuba’s nascent tech indust...
Crypto Is No Way to ‘Opt Out of Inflation’: Bank of Canada
Top officials from the Bank of Canada rebuked claims that Bitcoin, or any other cryptocurrency for that matter, could substitute the Canadian dollar in the face of the country’s rising inflation, acco...
Deutsche Bank Predicts Major US Recession Next Year – Economics Bitcoin News
Deutsche Bank’s economists have warned that the U.S. will suffer a major recession next year. However, several other major investment banks, including Goldman Sachs and JPMorgan, are less pessimistic ...
Founders Fund, Pantera Invest in DeFi Investment Bank Ondo Finance
The token will provide voting rights in the DAO, which will include the ability to control components of the smart contracts and to dictate some strategic decisions like partnerships with chains and s...
Bank of Spain warns about the use of crypto
The Bank of Spain has just published a new report on the popularity of the use of crypto and the possible effects it could have on the nation’s financial stability. Bank of Spain report, warning about...
Bill Hwang Made a Huge, Secret Bank Bet Before Archegos Collapse
(Bloomberg) — (This story was originally published on November 17, 2021. Today, Archegos founder Bill Hwang and CFO Patrick Halligan were arrested and charged with 11 criminal counts, including ...
Central Bank Of Spain Says That Cryptocurrency Users Wants Decentralized Services
As per a report issued by the Central Bank of Spain explains how Europeans and Spaniards have been making use of crypto assets. As per the report, Europeans have more interest in utilizing unsupported...
Bank of Spain warns against using crypto
TL;DR Breakdown The Bank of Spain has recently published a report which discourages the use of cryptocurrencies. The Bank believes that crypto assets are not backed by anything, and their prices are v...
Central Bank of Cuba to license VASPs come 16 May 2022
TL;DR Breakdown The Central Bank of Cuba (BCC) set to issue virtual asset service provider licenses. Cuba gazettes a detailed VASPs operational framework. On Tuesday, the Banco Central de Cuba (BCC) a...
European Crypto Users Prefer Decentralized Services, Bank of Spain Says
On April 26, the Bank of Spain published a report elaborating on how Spaniards and Europeans have been using cryptocurrencies during the last year. The report explains that Europeans prefer decentrali...
Central bank tries to slow weakening yuan vs US dollar
The Chinese yuan has weakened sharply against the U.S. dollar in the last several weeks as the greenback strengthens and investors worry about China’s economic growth. Fotoholica Press | Lightro...