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New Law in Germany Allows German Banks to Offer Crypto-Related Services
German banks have so far not been allowed to conduct their various businesses in cryptocurrency. However, a new law called the fourth EU Money Laundering Directive is going to revolutionize the way...
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South African Reserve Bank Tightens its Claws on Cryptocurrency
South African Reserve Bank (Sarb) is planning on presenting new rules to curb illegal use of cryptocurrencies in activities such as money laundering. The cryptocurrency news came after Kuben Naidoo,...
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Softbank Rolls Out Smart Crypto Credit Cards with Advanced Wallet Functions
While we have seen a few crypto-based smart cards over the past year, the Japanese multinational conglomerate holding company Softbank just raised the bar a notch higher as it launched a set of...
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Outrageous Predictions: New Asian Virtual Currency Will Counter Dollar’s...
According to the new release of ‘Outrageous Predictions’ by the banking fintech company Saxo Group, The United States dollar’s long-lived reign as the main reserve currency might soon meet its end,...
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Treasury Secretary Mnuchin & Fed Chair Powell: No Plans for National...
According to Treasury Secretary Steven Mnuchin, the U.S. government sees no use of diving into cryptocurrency anytime soon. Mnuchin was speaking at the House Financial Services Committee in...
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Deutsche Bank Predicts Switch from Fiat to Crypto in the Next Decade
In a pretty lengthy yet enlightening research dubbed ‘Imagine 2030 – The Decade Ahead,’ a research team of Deutsche Bank predicts the imminent doom of fiat currencies as crypto takes over if the...
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People’s Bank of China Explores Digital Yuan to Eliminate Cash Use
Since 2014, the People’s Bank of China (PBoC) has been exploring a virtual asset transactions system and now will be launching a pilot test of its national cryptocurrency in two major cities in China,...
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Numerous Japanese Banks Join JPMorgan’s Blockchain-Powered Network
JPMorgan Chase, one of the largest global banking corporations based in the United States, has reached worldwide influence with its blockchain-powered Interbank Information Network, a service that...
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ECB President Calls for Clear Objectives of its Digital Currency by Next Year
The European Central Bank President, Christine Lagarde, addressed the ECB’s top brass, saying that the bank needs to outline the objectives of its upcoming cryptocurrency project before the...
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Sweden’s Central Bank Partners with Accenture for E-Krona Cryptocurrency
On December 13th, Sweden’s central bank announced that it would be collaborating with Accenture, a strategy and consultancy firm for digital and technological operations, to begin the development...
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Ripple Raises $200 Million in a Bid to Accelerate XRP Adoption
Ripple, the company behind the XRP cryptocurrency, disclosed that it has raised $200 million in a Series C funding round that was led by Tetragon. Major participants included SBI Holdings and Route 66...
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Swiss President: Central Banks Won’t Accept Libra Cryptocurrency in Current Form
After meeting a list of obstacles in an attempt to pass regulations for its ambitious Libra cryptocurrency project, Facebook has been set back in their goal to launch it in 2020. Switzerland’s...
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Group of Central Banks Assesses Developing Central Bank Digital Currencies
Thhe Bank of England released an official notice on January 21st, stating that a group of central banks will assess the possibility of launching central bank digital currencies. The coalition of banks...
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