2019-9-16 12:10 |
The Libra Association is to be grilled by 26 central banks over the perceived risks to financial stability posed by the crypto project.
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A forum of central banks will meet with Libra on Monday to assess the purported financial stability risks of the project
2019-9-16 22:40 | |
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Germany’s economy shrinks, fuelling risks of a recession and fears of economic contagion throughout Europe. Unfortunately, central banks have limited resources to reduce the effects of broad-based economic decline.
2019-8-16 22:42 | |
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The recent seizure of a cargo ship owned by JP Morgan, a vessel loaded with 20 tons of cocaine according to latest accounts, highlighted the risks of banks’ involvement in illicit activities, inadvertent or otherwise.
2019-7-18 15:55 | |
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The recent seizure of a cargo ship owned by JP Morgan, a vessel loaded with 20 tons of cocaine according to latest accounts, highlighted the risks of banks’ involvement in illicit activities, inadvertent or otherwise.
2019-7-19 15:55 | |
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The international financial establishment is known to express concern about the risks of money laundering when the crypto space is mentioned. A string of scandals indicates, however, that traditional banks are not only susceptible to the phenomenon but sometimes complicit, whether knowingly or inadvertently.
2019-7-9 16:45 | |
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The Bank for International Settlements (BIS), an institution owned by the world's central banks, has issued a stark warning about the likes of Facebook, Alibaba, and Google disrupting the established financial system.
2019-6-25 16:18 | |
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The Bank for International Settlements (BIS), an institution owned by the world’s central banks, has issued a stark warning about the likes of Facebook, Alibaba, and Google disrupting the established financial system.
2019-6-24 16:18 | |
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The Bank of International Settlements warns that financial services offered by big techs such as Facebook, Google and Amazon could create new risks for the banking sector
2019-6-25 10:05 | |
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Brazil loves crypto, so regulators and banks are looking toward understanding and regulating it
2019-6-21 16:42 | |
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Is fiat doomed? There are plenty in the crypto community who think so. One of the reasons crypto came to be was dissatisfaction with the current monetary system, in which the state is the sole creator of money and the fractional reserve system imposes systemic risks on most economies.
2019-6-15 18:10 | |
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Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.
2019-5-13 16:37 | |
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By CCN. com: The Bank of Canada and the Monetary Authority of Singapore (MAS) has conducted a successful pilot test of central bank-backed crypto assets to clear cross-border and cross-currency payments.
2019-5-2 14:33 | |
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On April 25th, rating agency Moody’s released a report titled “Blockchain Improves Operational Efficiency for Securitizations, Amid New Risks.” In the report, the rating agency highlights the growing attraction of blockchain technology to banks and others involved in so-called securitizations, or the conversion of debts and other financial assets into easily tradeable forms. Moody's Investors […]
2019-5-1 06:19 | |
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Bitfinex and Tether’s legal counsel has written a response to the New York Attorney General’s (NYAG) ex parte order, which claims that Bitifinex used Tether’s reserves to cover some $850 million in losses.
2019-5-1 01:22 | |
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During what has become the longest bear market to date in cryptocurrency, it’s no surprise that anxious investors are eager to find alternative strategies to continue making gains during the downturn.
2019-4-7 20:30 | |
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Pakistan has announced plans to regulate cryptocurrencies in accordance with recommendations of the Financial Action Task Force (FATF). The regulations will be introduced immediately. Pakistan embraces digital currencies reluctantly Pakistan had previously taken a hard stance against cryptocurrencies, with the country’s central bank warning banks and other financial services providers against offering services that supported virtual currency transactions.
2019-4-1 12:04 | |
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The Bitcoin bull and bear market cycles are a pattern that produces significant developments — when the market is cold, people tend to focus on building the next wave of groundbreaking technology.
2019-3-29 16:26 | |
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Last week, there was a panel at SXSW that was effectively a debate on the merits of permissioned blockchains versus permissionless systems like Bitcoin. I listened to the entire audio of the panel discussion, after Programming Bitcoin author Jimmy Song tweeted it out the other day, and I thought he did an awesome job of pointing out the key value proposition of Bitcoin and why it is not worth comparing to permissioned systems.
2019-3-23 17:29 | |
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As anxiety grows around every new twist and turn in the ongoing QuadrigaCX drama, along with extensive QuadrigaCX media coverage, Canada’s mainstream media has been calling on the government to bring in better oversight and regulation of cryptocurrency businesses, especially cryptocurrency exchanges.
2019-3-20 18:42 | |
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The Basel Committee on Banking Supervision has warned that the growth of cryptocurrencies poses a number of risks to banks.
2019-3-14 13:01 | |
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B2C2, a cryptocurrency “liquidity provider” and electronic OTC trading magnate, has recently announced that British regulators have given their U. K. -based subsidiary approval to offer the crypto space a new investment derivative.
2019-2-1 20:57 | |
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It seems that banks are more vulnerable to money laundering and terrorist financing risks than virtual currencies. The information was reported by Business Korea citing a report released by the Financial Information Unit (FIU).
2018-12-2 01:45 | |
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A risk assessment report released by the Financial Information Unit (FIU) found banks more vulnerable to money laundering and terrorist financing risks than cryptocurrencies, Business Korea reported.
2018-11-30 01:00 | |
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The member of the board of the European Central Bank called the first cryptocurrency a malicious outcome of the 2008 global financial crisis and warned world central banks of the dangers and risks of digital currencies.
2018-11-19 15:38 | |
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Irony: Major Nordic Bank Nordea Bans Bitcoin To Avoid Money Laundering Risks And Gets Caught For Money Laundering A very ironic situation has happened recently: Nordea, the largest bank in the Nordic countries, has been caught up in a major money laundering scheme.
2018-10-19 22:39 | |
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The International Monetary Fund (IMF) and the World Bank have weighed in on sovereign considerations and global implications of blockchain and other financial services technologies.
2018-10-15 19:01 | |
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The crypto world seems to be on a different planet to the regular banking world. The companies behind the various digital currencies and their products are almost out of a futuristic science fiction movie.
2018-10-11 13:00 | |
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As we reported on July 19, 2018, Bermuda is determined to establish itself as the leading jurisdiction for fintech entrepreneurs, in particular those involved in initial coin offerings (ICOs), digital assets and virtual currencies.
2018-8-23 23:03 | |
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Financial technology firm Paxos has formed a partnership with INTL FCStone Inc’s precious metals division. The department will now be using Paxos Confirmation Service — a tool built specifically for the precious metals arena — to instantly automate daily trade confirmations and reduce human error.
2018-8-9 18:15 | |
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Points will offer a blockchain-based data collaboration solution aimed to minimize risks to banks and other credit institutions in providing loans to the unbanked.
2018-7-20 15:24 | |
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The Financial Stability Board (FSB) have recently stated they want to look into possible volatility threats posed by the likes of Bitcoin. The Switzerland-based Financial Stability Board stated on Monday that the digital currencies have raised concerns regarding the protection of users and the investors since there it little known about banks exposure to them.
2018-7-18 23:00 | |
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Hong Kong’s de facto central bank will launch its own blockchain trade finance solution with 21 banks in August, Financial Times (FT) reported Sunday, July 15. The joint venture between the Hong Kong Monetary Authority and Chinese company Ping An Group’s fintech subsidiary OneConnect aims to substantially reduce paperwork, costs security risks for participants, FT
2018-7-16 18:36 | |
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The regulatory mechanisms in cryptocurrency environment were once again at play in Australia, as the Bank of Queensland banned the use of Housing Equity to fund cryptocurrency investments. The ban was issued over fears of high risks investors would experience due to volatility in conditions of trading.
2018-7-13 00:48 | |
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As his Hungarian parents had fled post-war Soviet regime to settle in the United States, Nick Szabo came to call the Californian Bay area of the 1990s his home. Here, he was among the first to frequent the in-person “Cypherpunk” meetings organized by Timothy May, Eric Hughes and other founding members of the collective of cryptographers, programmers and privacy activists centered around the ’90s mailing list of the same name.
2018-7-13 17:16 | |
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South Korea’s central bank says crypto poses “insignificant” risks for financial institutions, with domestic banks holding a “not really big” $1.79 bln in crypto at the end of 2017
2018-7-9 23:51 | |
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Trade finance is a complex and tedious process that involves a large number of participants. With the risks involved being quite high, especially in international trade finance, banks have stepped in to mitigate them through various products such as letters of credit and bank guarantees.
2018-7-7 01:00 | |
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Coinbase continues to grow with their new high-end investment product Coinbase Custody, while Binance had to run a system update following some issues with its Syscoin wallet API.
2018-7-7 23:19 | |
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The EU’s Policy Department for Economic, Scientific and Quality of Life Policies released a report entitled “Virtual currencies and central banks monetary policy: challenges ahead.
2018-7-3 23:28 | |
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United Kingdom’s Central Bank Warns Financial Institutions On The Risks of Cryptocurrencies In a letter to CEOs of banks in the United Kingdom, the Bank of England’s Prudential Regulation Authority (PRA) has reminded them about the risks and the pitfalls of investing in cryptocurrencies and opening the bank to this kind of financial asset. PRA […]
2018-6-30 07:17 | |
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The Bank of England has warned U. K. lenders to study cryptocurrencies before doing business in the space. In a letter sent out to the financial institutions in the country yesterday, the Bank of England Deputy Governor Sam Woods warned financial companies to take appropriate steps to protect themselves against "exposure to crypto-assets" which he believes are susceptible to "fraud and manipulation, as well as money-laundering and terrorist financing risks.
2018-6-29 18:17 | |
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The Bank of England has reportedly cautioned City bosses away from implementing cryptocurrencies into their business plans — citing all the usual reasons one has probably come to expect. ‘Reputational Risks’ “In their short history, crypto-assets have exhibited high price volatility and relative illiquidity,” wrote Bank of England Deputy Governor Sam Woods in a letter to the chief executives of banks, insurers, and fund managers — as reported by The Telegraph, adding: Crypto-assets also raise concerns Read More The post BoE: Cryptocurrencies Pose ‘Reputational Risks’ appeared first on Bitcoinist.com.
2018-6-29 05:00 | |
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The Bank of England, the UK’s central bank, sent a letter to local banks and insurers that calls them to be wary of risks associated with crypto assets.
2018-6-29 22:16 | |
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A Bank of England official has warned banks and other financial firms about exposure to cryptocurrency-related assets in a letter.
2018-6-28 18:00 | |
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The Financial Conduct Authority (FCA), U. K. ’s top financial watchdog, has advised banks to adopt appropriate measures to minimize the risks and exposure inherent in the cryptocurrency business. This advice was contained in a recent letter sent by the FCA to the CEOs of local U.
2018-6-13 06:37 | |
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The Financial Conduct Authority (FCA), U. K. ’s top financial watchdog, has advised banks to adopt appropriate measures to minimize the risks and exposure inherent in the cryptocurrency business. This advice was contained in a recent letter sent by the FCA to the CEOs of local U.
2018-6-13 03:00 | |
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The UK’s Financial Conduct Authority (FCA) has issued guidance for banks on how to handle the risks associated with “crypto assets”, according to a letter posted on the FCA’s website June 11. Per the statement issued by Executive Directors of Supervision Jonathan Davidson and Megan Butler, banks should apply a highly individual approach to clients
2018-6-12 05:55 | |
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The UK Financial Conduct Authority has issued guidance for banks on how to manage risks associated with crypto assets
2018-6-12 03:06 | |
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Switzerland’s mortgage bank Hypothekarbank Lenzburg (Hypi) has announced that it will open business accounts for crypto companies. While cryptocurrency and blockchain technology have been widely accepted in Switzerland, the banks have not been as friendly.
2018-6-12 22:22 | |
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| Analogue Notcoin - TapSwap |
The introduction of central bank digital currencies could have major implications on the stability, the report said.
Participants will be restricted to using the CBDC only for payment, without an option to store, exchange or send it to other users.
Project mBridge has put together a slick publication with lots of new information to let the world know what the hottest project in CBDC is.
Existing stablecoins aren't fully compliant with relevant regulatory requirements, a report by the Committee on Payment and Market Infrastructures said.
IMF managing director Kristalina Georgieva says digitalization is “the most important way” to scale up financial inclusion.
It is unacceptable that unclear or outdated legal frameworks could hinder their deployment, Agustin Carstens general manager of Bank for International Settlements said.
BaFin’s top executive stresses the risks of crypto and calls for global regulation to apply to all financial centers — without exceptions.