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PortuguêsDeutsche Bank was recently ordered to pay a $150 million fine for “significant compliance failures” in its relationship with alleged child sex trafficker, Jeffrey Epstein. The Bitcoin community on Reddit…
Continue ReadingJack Mallers, developer of the Zap Lightning Wallet, announced his new app for iPhone, Android and Chrome on July 2, which allows users to send and receive Bitcoin (BTC) and…
Continue ReadingOKEx, a major global cryptocurrency exchange, is embracing the Latin American crypto market by launching a fiat gateway for three local currencies. According to a July 3 announcement, OKEx users…
Continue ReadingPer a July 2 announcement, the Office of the Comptroller of the Currency (OCC) and the Consumer Financial Protection Bureau (CFPB) are opening up virtual hours for industry players looking…
Continue ReadingSBI Financial Services, a subsidiary of Japanese financial giant SBI Holdings, has bought a $30 million minority stake in British crypto liquidity startup, B2C2. The investment marks the beginning of…
Continue ReadingSIA, a European payment services business, and U.K.-based technology company Quant Network successfully tested cross-blockchain interoperability between different protocols, SIA said. SIA and Quant Network first announced their partnership on…
Continue ReadingIn the past year, three major financial oversight bodies have voiced concerns about threats to financial stability purported to be posed by stablecoins. While acknowledging the potential for enhanced payments…
Continue ReadingThe repeal of a blanket ban on cryptocurrencies in March by India’s central bank, the Reserve Bank of India, has been a boon to the thriving crypto industry in India…
Continue ReadingThai authorities are ramping up their efforts to crack down on the country’s drug networks and the ruses they use to launder their multi-million dollar turnovers — including cryptocurrency. AFP…
Continue ReadingThere’s a revolution happening. We’re moving toward a world with a massive reduction in trust in centralized institutions and ways of doing things. There are several concurrent shifts happening right…
Continue ReadingIn advance of its coming annual report, on June 24 the Bank for International Settlements released a special chapter from that report on digital payments — especially central bank digital…
Continue ReadingCentral bank digital currencies continue to be a popular topic of discussion within the crypto and broader financial circle, with China often dominating the headlines owing to the progress of its…
Continue ReadingThe Italian Banking Association (ABI) has revealed it would be willing to support the implementation of a digital currency from the European Central Bank. According to a June 28 update…
Continue ReadingAs countries around the world dive into central bank digital currencies (CBDC), many in the crypto industry look forward to what that means for adoption and even lucrative partnerships to…
Continue ReadingThe Bank of Thailand announced that it plans to develop a prototype to test real-life business use cases of its central bank digital currency (CBDC). The bank said in its…
Continue ReadingDays into his term as acting head of the Office of the Comptroller of the Currency, Brian Brooks spoke with Cointelegraph on how he hopes to update legacy systems with…
Continue ReadingDecred (DCR) co-founder Jake Yocom-Piatt believes that the emergence of CBDCs will facilitate the growth of crony capitalism. He speculates that if successful, central banks will be able to play…
Continue ReadingFintech bank Revolut will give its users legal control of their cryptocurrencies on July 27, but the U.K.-based bank is tightening its hold on how they can actually wield it.…
Continue ReadingRumor has it that Chinese banks are freezing client accounts that have a history of buying and selling cryptocurrencies. According to a Chinatimes report on June 13, banks in China…
Continue ReadingDavid Weild IV, who is known as the father of the JOBS Act, believes that the issuance of the digital dollar is imminent and that the U.S. government should hurry…
Continue ReadingTreasury Prime aspires to bring U.S. banks out of the stone age by providing automation through APIs. It appears that they internally use rudimentary blockchain technology to handle their compliance…
Continue ReadingAround 4,000 Chinese bank accounts of cryptocurrency traders have reportedly been frozen by local law enforcement. According to a June 8 report by 8BTC, police froze the bank accounts of…
Continue ReadingThe Bank of Ghana (BoG) remains committed to piloting a central bank digital currency (CBDC), the bank’s first deputy governor has said. Dr. Maxwell Opoku-Afari made the comment during a…
Continue ReadingSouth Korea’s NH NongHyup Bank has announced a new consortium with a local law firm and a blockchain laboratory to jointly develop digital asset-based financial services. According to the Korea…
Continue ReadingIf Christopher Giancarlo was “Crypto Dad” and Hester Peirce is “Crypto Mom,” will the U.S.’s new top bank regulator become “Crypto Uncle”? Brian Brooks, the former Coinbase legal chief, took…
Continue ReadingDecentralized finance, commonly referred to as DeFi, has grabbed the attention of mainstream financial and technology audiences alike. While the sector has been applauded for bringing about innovative digital finance…
Continue ReadingJPMorgan would have to move to Wyoming to protect itself from million-dollar Bitcoin (BTC), one blockchain advocate has warned. Speaking on financial news show the Keiser Report on June 6,…
Continue ReadingThe business of cryptocurrency custody is getting more competitive and lucrative by the day. The most recent announcement has come from Switzerland, where local family-owned bank Maerki Baumann announced on…
Continue ReadingIn a June 4 announcement, the Office of the Comptroller of the Currency (OCC) is looking for banks and crypto firms to weigh in on how the two can interact. …
Continue ReadingOne of the federal bank regulators in the U.S., and the only one that charters national banks, is seeking public input on how it regulates new technologies and digital banking…
Continue ReadingThree of Japan’s largest banks are among major players joining a study group looking at developing a digital payment system that may address concerns about cryptocurrencies. Mitsubishi UFJ Financial Group…
Continue ReadingDigital asset exchange DeCurret is leading Japan’s three megabanks in a new study group to look into developing a national digital settlement infrastructure. Convening with the oversight of the central…
Continue ReadingFor the first time since October 2019, Federal Reserve Chair Jerome Powell admitted to leveraging quantitative easing (QE) tactics. Powell explained on Friday, the central bank is now comfortable with…
Continue ReadingMaerki Baumann, an unlisted family-owned bank in Switzerland, is expanding its cryptocurrency services by introducing crypto custody and trading. Following regulatory approval from the Swiss Financial Market Advisory Authority, or…
Continue ReadingIn a recent response to a Right to Information query, the Reserve Bank of India, the Indian central bank, has stated that there is no prohibition on banks to provide…
Continue ReadingThe Swiss Financial Market Supervisory Authority, or FINMA, has authorized InCore bank to carry out digital assets transactions, allowing customers worldwide to access and transact within the bank. The official…
Continue ReadingA recent report suggests that the lack of traditional financial infrastructure makes Africa a place where cryptocurrency adoption is likely. The report — shared with Cointelegraph by a Luno representative…
Continue ReadingLeading cryptocurrency fund manager Grayscale Investments explained some fundamental differences in the nature of central bank digital currencies (CBDC) and Bitcoin (BTC). In a recent report, Grayscale suggests that CBDCs…
Continue ReadingWhat if the world was hit with another major disaster, but this time, it included global electrical failure? Would Bitcoin (BTC) survive, would it thrive, what about the banks? —…
Continue ReadingAren’t we all searching for a safe haven? Whether we mean literal shelter — four walls and a roof over our heads — or something more sophisticated, the craving for…
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