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Survey: People Are Intrigued But Confused about Crypto
Cryptocurrency is increasingly becoming a familiar term for consumers who are already accustomed to traditional fiat money. However, a new survey reveals that many people are interested in exploring...
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Wells Fargo’s New Crypto Initiative: The Stablecoin Wells Fargo Digital Cash
One of America’s biggest banking companies, Wells Fargo, announced on Tuesday that it plans to enter the crypto world after all. Like JPMorgan, Wells Fargo is looking to create its own native digital...
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OCBC Becomes First Singaporean Bank to Join JPMorgan’s IIN Blockchain Network
Oversea-Chinese Banking Corporation (OCBC), the second-largest bank in South East Asia by assets, has become the first top tier bank of Singapore to join JPMorgan’s Interbank Information Network...
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European Central Bank’s Board Member Explains Why Facebook Libra Is Feared
While addressing the committee on Digital Agenda of the Deutscher Bundestag, the chairman of the Committee on Payments and Markets Infrastructures (CPMI) and the European Central Bank (ECB) board...
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Major Banks to US Federal Reserve: Libra Is a Potential Threat to Sovereignty
The US Federal Reserve, the country’s central banking entity, recently called up the nation’s biggest banks to present their views regarding the launch of Facebook’s digital currency project Libra....
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Top US Fed Reserve Executive: We Shouldn’t Lead a Launch of National Digital...
The president of the Federal Reserve Bank of Philadelphia, Patrick Harker, said on Wednesday that the U.S. shouldn’t be the first nation to launch its digital currency payment system and lead the pack...
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Dubai Chamber of Commerce Partners with Major Local Bank for Blockchain...
Dubai Chamber of Commerce and Industry (DCCI) has partnered with the major regional bank Emirates NBD by signing a memorandum of understanding (MoU) to boost the development of the blockchain-powered...
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Bank of America Explores Ripple’s Blockchain Technology for its Banking System
American multinational investment bank and financial services company, Bank of America, has silently tested Ripple’s blockchain to incorporate distributed ledger technology (DLT) in its banking and...
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IBM Report: Central Banks to Issue Cryptocurrencies in Five Years (Central...
A report commissioned by IBM and the central banking think tank the Official Monetary and Financial Institutions Forum (OMFIF), claims scores of officials from central banks around the world are...
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Argentina’s Central Bank Forbids Acquiring Cryptocurrency with Credit Cards
In order to curb the fast depleting foreign reserve in Argentina, the Central Bank of the Argentine Republic has placed a stringent restriction on the amount of Bitcoin(BTC)trade and US dollar its...
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Turkey to Complete Development of National Digital Currency by 2020
Turkey’s state-sponsored outlet Resmi Gazete, which regularly announces details of new legislation and publishes official announcements of the Turkish government, released a document detailing the...
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Draft Document Reveals Intention to Develop Cryptocurrency by European...
Facebook’s announcement in June to launch its own cryptocurrency, Libra, met a lot of obstacles as countries including France and Germany claimed that the use of Facebook’s digital currency in their...
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Tunisia Develops the Central Bank Digital Currency E-Dinar
In what comes as major development in the adoption of a blockchain technology and crypto, Tunisia announces its own Central Bank Digital Currency (CBDC). With this launch, Tunisia positions itself as...
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Former European Central Bank President: Strongly Against Bitcoin, Crypto Is...
Jean-Claude Trichet, former president of the European Central Bank has affirmed his doubts over cryptocurrency, claiming that it can never become the future and replace fiat currency. Trichet is...
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China’s Central Bank Executive: ‘Controllable Anonymity’ with State’s Digital...
As China moves forward towards the launch of the digitized version of its traditional currency, investors and financial authorities all over the world closely monitor and assess its implications for...
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Canadian Once Anti-Crypto Bank RBC Now Poised to Jump on the Crypto Wagon
Canada’s largest bank, the Royal Bank of Canada (RBC), is reportedly looking to venture into the highly volatile and controversial (at least in the banking community) crypto market, according to a...
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Switzerland-Based Banking Firm SEBA Now Fully Functional After Receiving Licence
After successfully obtaining a banking license from the Swiss Financial Market Supervisory Authority (FINMA), SEBA Bank announces the launch of its services in digital assets and traditional assets...
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Ex-Federal Reserve Chairman Greenspan: ‘No Point’ Issuing Central Bank...
The former Federal Reserve chairman Alan Greenspan said at a conference that it is pointless for central banks to issue their own digital currencies. Presenting his views, Greenspan said that national...
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South Africa’s FirstRand Bank Terminates Accounts Related to Crypto
FirstRand Bank has notified some of the most major cryptocurrency exchanges in South Africa about the closure of their accounts. These crypto exchanges include VALR, Luno and ICE3X. The decision came...
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Banque de France Official Suggests Issuance of Central Bank Digital Currency
Denis Beau, First Deputy Governor of Banque de France (France’s central bank) discussed the possibility of central banks in Europe developing a digital currency at the AFME Annual Capital Market...
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