The Bank of Spain has issued a new report that touches on the subject of the popularity of cryptocurrency usage and the possible effects it might have on the financial stability of the nation. In the ...
Tag: Bank
Central Bank of Cuba announces it will issue licenses for virtual asset service providers
Banco Central de Cuba (BCC), the nation’s central bank, announced on April 26 that it would issue licenses for virtual asset service providers (VASPs). As per the Gaceta Oficial, No. 43, published on ...
Starling Bank raises £130.5 million at £2.5 billion valuation
UK-based challenger bank Starling Bank has completed a £130.5 million internal fundraising round at a £2.5 billion valuation. The funding came from existing investors Fidelity Management and Research ...
Bank Stocks Unravel in Worst Rout Since 2020
(Bloomberg) — The combination of higher inflation and higher rates has caught up with bank stocks, now on course for their worst monthly performance in more than two years. Most Read from Bloomb...
Bitcoin is Not an Inflation Hedge, says Bank of Canada Official
Carolyn Rogers – senior Deputy Official for the Bank of Canada (BOC) – recently denied the notion that cryptocurrencies could be a viable hedge against inflation. Citing their volatility, she stated t...
Decentral Bank Debuts Its First NEAR-Native Stablecoin
Decentral Bank is joining the stablecoin race with a new offering that leverages the experience of other stablecoins before it. Called $USN, it can be minted using NEAR via the web wallet. Decentral B...
Bank Of Canada Governor Maintains That Its Financial System Would Always Be Built Around The Canadian Dollar, Not Crypto ⋆ ZyCrypto
Advertisement     The Governor of the Bank of Canada (BoC) has reiterated the place of the Canadian dollar, aka loonie, in the country’s financial system. Tiff Macklem...
Central Bank of Cuba to License Digital Asset Service Providers
The providers will be allowed to operate with virtual assets approved by the BCC, the resolution said, without disclosing further details. It did clarify that virtual assets “do not include digital re...
Crypto Firm Change Receives License from Dutch Central Bank
Change, an uprising cryptocurrency exchange based in the Netherlands, announced on Tuesday that it has obtained approval from the De Nederlandsche Bank, the Dutch Central Bank, to acquire a local inve...
FinCEN Needs More Oversight But Congress Needs To Fix The Bank Secrecy Act
Natalie Edwards leaves Federal court Wednesday, Jan. 30, 2019, in New York. Edwards, a senior … [+] official at the department’s Financial Crimes Enforcement Network, also known as FinCEN,...
The Bank of Russia Continues to Test Digital Ruble Payments. Could It Help Circumvent Western Sanctions?
Apr 26, 2022 at 12:38 // News The Bank of Russia is continuing to test the Digital Ruble payment system and plans to involve more banks into the program in 2023. Chairwoman of the Central Bank E...
Nasdaq to Terminate Its Services in Russia, Quotes Saxo Bank
Saxo Bank, established in 1992, has its headquarters established in Denmark. Saxo Bank is an investment bank that facilitates its users to create high-earning investment profiles through online tradin...
Chainalysis Partners With Bahamian Bank To Roll Out Crypto Services
Bahamian lender Capital Union Bank has engaged blockchain data platform Chainalysis to assist in rolling out crypto services. The move comes shortly after the island state adopted crypto-friendly legi...
Al Rajhi Bank Malaysia Partners with Moneythor for PFM Features
Al Rajhi Bank Malaysia (ARBM), a subsidiary of Al Rajhi Bank of the Kingdom of Saudi Arabia, today announced that it has selected Moneythor, one of the fastest-growing digital banking solution provide...
Indonesian Unicorn Xendit Invests In Putera Sampoerna’s Bank
A foreign exchange employee counts Indonesian rupiah in Jakarta. ROMEO GACAD/AFP via Getty Images Indonesian digital payment unicorn Xendit has become a minority shareholder in Bank Sahabat Sampoerna,...
We are ready for a bank run says Tether CTO Paolo Ardoino
Tether is ready for whatever the economic climate throws at it, Chief Technical Officer Paolo Ardoino told CryptoSlate at the Paris Blockchain Week Summit. In this exclusive interview, Ardoino explai...
Saxo Bank Warns Russians on Upcoming Nasdaq Service Termination
Nasdaq exchange in the United States and the Nordic countries will stop offering services to customers from Russia from April 29, according to a letter sent by Danish brokerage Saxo Bank to its Russia...
Bank of Russia to Pilot Digital Ruble Settlements in 2023 – Finance Bitcoin News
Russia’s monetary authority intends to conduct the first settlements with the digital ruble next year, its governor announced this week. Speaking to Russian lawmakers, the official highlighted the imp...
Mexico’s Central Bank Says CBDC “Will Be In Circulation” By 2025
In a hearing before the Mexican Senate, the Governor of the Bank of Mexico (Banxico), Victoria Rodriguez Ceja said that the CBDC will be in circulation by 2025. The CBDC wants to provide citizens with...
Major German Bank Applies For Crypto Custody License ⋆ ZyCrypto
Advertisement     Commerzbank joins a list of 21 others pushing for a crypto custody license in Germany. They are the first Bank in Germany to take such steps. Institu...
Bank of Canada conducted The financial literacy test to know bitcoin Holders- here is the result
“Young, employed Canadians with a university degree, a high household income, and limited financial understanding were more likely to purchase Bitcoin.” The research was based on four years of yearly ...
Mexico to Launch CBDC by 2025, Says Bank Governor
Mexico’s Central Bank governor announced before the Mexican Senate, that a CBDC Rollout is expected by 2025. Victoria Rodriguez, the central bank governor, says that the new sovereign digital currency...
Bank of England Seeks More Funds to Scale up Crypto Scrutiny – crypto.news
The United Kingdom’s central bank, the Bank of England (BOE), is looking to raise over $400 million from commercial banks under its purview, to increase scrutiny on cryptocurrency. BOE Keen on Monito...
Ukraine central bank restricts cross-border crypto purchases with national currency
Ukraine’s central bank, the National Bank of Ukraine (NBU), has tightened restrictions on cross-border “quasi-cash transactions,” including those involving crypto, with its national ...
Making it Easy to Send Crypto to Any Bank Account
Cryptocurrencies are no longer just a niche subject, and the industry has blown out of proportions within the past couple of years. From retail adoption to institutional involvement, digital assets ha...
Bond Financial Technologies Partners with Evolve Bank & Trust
To boost innovation in the financial services sector, Evolve Bank & Trust and Bond Financial Technologies have announced a collaboration. The partnership will offer Banking-as-a-Service solutions....
Russia’s central bank to run real-world pilot of digital ruble in 2023: report
Russia is planning to run “pilot transactions” as early as next year using a digital ruble that could be used for international payments, according to a new report. Elvira Nabiullina, governor of the...
Crypto research by Bank of Canada confirmed what we knew all along
Officials at the Bank of Canada (BoC) are turning their attention to crypto research in a big way. In line with the general stance held by central banks, the BoC has, in the past, voiced concerns abou...
Ukrainian Central Bank Bans Bitcoin Purchases Using National Currency
The National Bank of Ukraine issued a statement on Thursday clarifying that cryptocurrency purchases using the native currency are temporarily banned. This is part of a wider effort to keep capital wi...
Digital Ruble Coming Next Year, Says Russian Central Bank Governor
Russia’s central bank said it plans on having a digital ruble prepared by next year, as part of the country’s effort to circumvent Western sanctions. Bank of Russia Governor Elvira Nabiullina told the...
Bank of England’s PRA raises budget $31M for ‘emerging risks’ like crypto
The Bank of England’s regulatory arm has raised its budget by $31.6 million, or 24.3 million Great British pounds, for the coming financial year. It said that costs have increased due to its growing r...